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BUSINESS ACQUISITION (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Purchase Price Allocation and Estimated Transaction Costs | The allocation of the purchase price and the transaction costs is as follows (in thousands):
Fair value of assets acquired | As of September 7, 2021
Restricted cash | 203 |
Property and equipment, net | 707 |
Other assets | 660 |
Developed technology | 20,050 |
Goodwill | 29,695 |
Total assets acquired | $ | 51,315 |
Fair value of liabilities assumed |
Other liabilities | 628
Total liabilities assumed | $ | 628 |
Total identifiable net assets | $ | 50,687 |
Fair value of consideration |
Cash consideration, net of cash acquired | 2,762 |
Closing third party expenses | 781 |
Equity consideration | 30,704 |
Contingent equity consideration | 16,440 |
Total consideration | $ | 50,687 |
Schedule of Fair Consideration | The allocation of the purchase price and the transaction costs is as follows (in thousands):
Fair value of assets acquired | As of September 7, 2021
Restricted cash | 203 |
Property and equipment, net | 707 |
Other assets | 660 |
Developed technology | 20,050 |
Goodwill | 29,695 |
Total assets acquired | $ | 51,315 |
Fair value of liabilities assumed |
Other liabilities | 628
Total liabilities assumed | $ | 628 |
Total identifiable net assets | $ | 50,687 |
Fair value of consideration |
Cash consideration, net of cash acquired | 2,762 |
Closing third party expenses | 781 |
Equity consideration | 30,704 |
Contingent equity consideration | 16,440 |
Total consideration | $ | 50,687 |
Schedule of Unaudited Pro Forma Information | The following unaudited pro forma summary presents consolidated information of the Company as if the business acquisition occurred on December 28, 2020.
(dollar amounts in thousands) |  | Fiscal Year Ended December 26, 2021 |  |
Revenue |  | $ | 340,807 |  |  |
Net loss attributable to Sweetgreen, Inc. |  | $ | (156,050) |  |  |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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