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INCOME TAXES (Tables)

12 Months Ended

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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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.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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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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Tabular disclosure of the change in unrecognized tax benefits.

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