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LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Components of Lease Cost

The components of lease cost for the fiscal years ended December 31, 2023 and December 25, 2022 were as follows:

(dollar amounts in thousands)			Classification			December 31, 2023						December 25, 2022
Operating lease cost			Occupancy and related expense General and administrative expense Pre-opening costs			48,168						43,722
Variable lease cost			Occupancy and related expense General and administrative expense			11,055						7,958
Short term lease cost			Occupancy and related expense General and administrative expense			422						145
Sublease income			General and administrative expense			(356)						(711)
Total lease cost						$	59,289					$	51,114

A summary of lease terms and discount rates for operating leases as of December 31, 2023 and December 25, 2022 is as follows:

			December 31, 2023						December 25, 2022
Weighted average remaining lease term (years):
Operating Leases			7.41						7.98
Weighted average discount rate:
Operating Leases			6.51		%				6.09		%

Supplemental cash flow information related to leases as of December 31, 2023 and December 25, 2022 is as follows:

			December 31, 2023						December 25, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net of lease incentives			$	42,425					$	29,230
Right of use assets obtained in exchange for lease obligations:
Operating leases			$	24,416					$	57,396

As such, the following table below outlines the components of rent expense for the fiscal years ended December 26, 2021:

(dollar amounts in thousands)						Fiscal Year Ended December 26, 2021
Base rent						$	31,901
Contingent rent						696
Pre-opening rent						3,098
Less: sublease income						(247)
Net rent						$	35,448

Future Minimum Lease Payments

As of December 31, 2023, future minimum lease payments for operating leases consisted of the following:

(dollar amounts in thousands)
2024			50,658
2025			55,656
2026			54,582
2027			50,363
2028			44,248
Thereafter			138,292
Total			393,799
Less: imputed interest			90,934
Total lease liabilities			302,865

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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