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DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 29, 2024
Accounting Policies [Abstract] |
Reconciliation of Cash and Cash Equivalents and Restricted Cash | The reconciliation of cash and cash equivalents and restricted cash presented in the Company’s accompanying consolidated balance sheets to the total amount shown in its consolidated statements of cash flows is as follows:
(dollar amounts in thousands) | December 29, 2024 |  | December 31, 2023
Reconciliation of cash, cash equivalents and restricted cash: |  |  |
Cash and cash equivalents | $ | 214,789 |  |  | $ | 257,230 |
Restricted cash, non-current | 2,640 |  |  | 125 |
Total cash, cash equivalents and restricted cash shown on statement of cash flows | $ | 217,429 |  |  | $ | 257,355 |
Approximately $2.5 million of the restricted cash balance as of December 29, 2024 was associated with letters of credit required by the Company’s workers’ compensation insurance policy. The remaining balance was associated with letters of credit from lease agreements.
Schedule of Restricted Cash | The reconciliation of cash and cash equivalents and restricted cash presented in the Company’s accompanying consolidated balance sheets to the total amount shown in its consolidated statements of cash flows is as follows:
(dollar amounts in thousands) | December 29, 2024 |  | December 31, 2023
Reconciliation of cash, cash equivalents and restricted cash: |  |  |
Cash and cash equivalents | $ | 214,789 |  |  | $ | 257,230 |
Restricted cash, non-current | 2,640 |  |  | 125 |
Total cash, cash equivalents and restricted cash shown on statement of cash flows | $ | 217,429 |  |  | $ | 257,355 |
Approximately $2.5 million of the restricted cash balance as of December 29, 2024 was associated with letters of credit required by the Company’s workers’ compensation insurance policy. The remaining balance was associated with letters of credit from lease agreements.
Summary of Property and Equipment | Property and equipment are depreciated using the straight-line method over the following estimated useful lives:
Property and Equipment | Useful Life
Leasehold improvements | Shorter of lease term or estimated asset life
Furniture and fixtures | 5 years
Kitchen equipment | 5 - 10 years
Computers and other equipment | 3 years
A summary of property and equipment is as follows:
(dollar amounts in thousands) | December 29, 2024 |  | December 31, 2023
Leasehold improvements | $ | 303,035 |  |  | $ | 262,191 |
Kitchen equipment | 107,475 |  |  | 89,814 |
Computers and other equipment | 44,295 |  |  | 37,984 |
Furniture and fixtures | 43,045 |  |  | 36,692 |
Assets not yet placed in service | 38,047 |  |  | 26,269 |
Total property and equipment | 535,897 |  |  | 452,950 |
Less: accumulated depreciation | (239,412) |  |  | (186,048) |
Property and equipment - net | $ | 296,485 |  |  | $ | 266,902 |

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