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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 29, 2024
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 29, 2024, December 31, 2023, and December 25, 2022 are as follows (in thousands):
(dollar amounts in thousands) | Fiscal Year Ended December 29, 2024 |  | Fiscal Year Ended December 31, 2023 |  | Fiscal Year Ended December 25, 2022
Current: |  |  |  |  |
State | 111 |  |  | 21 |  |  | 55 |
Total Current | 111 |  |  | 21 |  |  | 55 |
Deferred: |  |  |  |  |
Federal | (1,432) |  |  | 323 |  |  | 1,271 |
State | 20 |  |  | 35 |  |  | 19 |
Total deferred | (1,412) |  |  | 358 |  |  | 1,290 |
Total provision for income taxes (benefit) expense | $ | (1,301) |  |  | $ | 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 29, 2024 |  | December 31, 2023 |  | December 25, 2022
Federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Effect of: |  |  |  |  |
State taxes, net of federal benefit | 4.2 | % |  | 6.7 | % |  | 7.1 | %
Permanent differences | (1.9 | %) |  | (0.8 | %) |  | (0.8 | %)
Change in valuation allowance | (19.5 | %) |  | (18.5 | %) |  | (7.8 | %)
Nondeductible executive compensation | (20.0 | %) |  | (8.2 | %) |  | (19.4 | %)
Stock compensation and related items | 15.8 | % |  | — | % |  | — | %
Other | 1.8 | % |  | (0.5 | %) |  | (0.8 | %)
Total | 1.4 | % |  | (0.3 | %) |  | (0.7 | %)
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 29, 2024 |  | December 31, 2023
Deferred tax assets: |  |  |
Net operating loss carryforward | $ | 219,918 |  |  | $ | 206,452 |
Charitable contributions | 178 |  |  | 271 |
Deferred rent | 23,111 |  |  | 21,045 |
Stock-based compensation expense | 5,458 |  |  | 6,233 |
Accrued expenses | 614 |  |  | 580 |
Deferred revenue | 1,331 |  |  | 855 |
Other | 5,738 |  |  | 5,140 |
Total deferred tax assets | 256,348 |  |  | 240,576 |
Valuation allowance | (202,709) |  |  | (184,880) |
Total deferred tax assets, net of valuation allowance | 53,639 |  |  | 55,696 |
Deferred tax (liabilities): |  |  |
Depreciation and amortization differences | (39,580) |  |  | (44,691) |
State deferred taxes | (14,420) |  |  | (12,778) |
Total deferred tax liabilities | (54,000) |  |  | (57,469) |
Net deferred tax (liability) asset | $ | (361) |  |  | $ | (1,773) |
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 29, 2024 and December 31, 2023:
(dollar amounts in thousands) | December 29, 2024 |  | December 31, 2023 |
Uncertain Tax Positions |  |  |  |
Beginning of year balance | $ | 431 |  |  | $ | 1,556 |  |
(Decreases) increases related to current year tax positions | (338) |  |  | (1,125) |  |
End of year balance | $ | 93 |  |  | $ | 431 |  |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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