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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of the Provision for Income Taxes

The components of the provision for income taxes for the fiscal year ended December 31, 2023 and December 25, 2022 are as follows (in thousands):

(dollar amounts in thousands)			Fiscal Year Ended December 31, 2023						Fiscal Year Ended December 25, 2022
Current:
Federal			$	—					$	—
State			21						55
Total Current			21						55
Deferred:
Federal			323						1,271
State			35						19
Total deferred			358						1,290
Total provision for income taxes			$	379					$	1,345

Schedule of Reconciliation of Statutory Income Tax Rate to Effective Income Tax Rate

A reconciliation of the Company’s statutory income tax rate to the Company’s effective income tax rate is as follows:

			December 31, 2023						December 25, 2022						December 26, 2021
Federal statutory rate			21.0		%				21.0		%				21.0		%
Effect of:
State taxes, net of federal benefit			6.7		%				7.1		%				6.9		%
Permanent differences			(0.8		%)				(0.8		%)				(3.6		%)
Change in valuation allowance			(18.5		%)				(7.8		%)				(2.8		%)
Nondeductible executive compensation			(8.2		%)				(19.4		%)				(22.9		%)
Other			(0.5		%)				(0.8		%)				1.3		%
Total			(0.3		%)				(0.7		%)				(0.1		%)

Schedule of Components of the Company’s Net Deferred Tax (Liabilities)/Assets

Components of the Company’s net deferred tax (liabilities)/assets consisted of the following:

(dollar amounts in thousands)			December 31, 2023						December 25, 2022
Deferred tax assets:
Net operating loss carryforward			$	206,452					$	189,926
Charitable contributions			271						296
Deferred rent			21,045						16,127
Stock-based compensation expense			6,233						4,787
Accrued expenses			580						1,177
Deferred revenue			855						618
Other			5,140						1,061
Total deferred tax assets			240,576						213,992
Valuation allowance			(184,880)						(163,750)
Total deferred tax assets, net of valuation allowance			55,696						50,242
Deferred tax (liabilities):
Depreciation and amortization differences			(44,691)						(40,197)
State deferred taxes			(12,778)						(11,459)
Total deferred tax liabilities			(57,469)						(51,656)
Net deferred tax asset (liability)			$	(1,773)					$	(1,414)

Schedule of Activity Related to Gross Uncertain Tax Positions

The following table summarizes the activity related to the Company’s gross uncertain tax positions for the fiscal years ended December 31, 2023 and December 25, 2022:

(dollar amounts in thousands)			December 31, 2023						December 25, 2022
Uncertain Tax Positions
Beginning of year balance			$	1,556					$	1,333
Increases related to prior year tax positions			—						—
(Decreases) related to prior year tax positions			—						—
(Decreases) increases related to current year tax positions			(1,125)						223
(Decreases) related to lapsing of statute of limitations			—						—
End of year balance			431						1,556

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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