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LEASES (Tables)

3 Months Ended

Mar. 30, 2025

Leases [Abstract]

Components of Lease Cost

The components of lease cost for the thirteen weeks ended March 30, 2025 and March 31, 2024 were as follows:

						Thirteen weeks ended
(dollar amounts in thousands)			Classification			March 30, 2025						March 31, 2024
Operating lease cost			Occupancy and related expense General and administrative expense Pre-opening costs			$	13,724					$	12,382
Variable lease cost			Occupancy and related expense General and administrative expense			3,138						2,947
Short term lease cost			Occupancy and related expense General and administrative expense			79						114
Total lease cost						$	16,941					$	15,443

A summary of lease terms and discount rates for operating leases as of March 30, 2025 and December 29, 2024 is as follows:

			March 30, 2025						December 29, 2024
Weighted average remaining lease term (years):
Operating Leases			7.28						7.32
Weighted average discount rate:
Operating Leases			6.79		%				6.75		%

Supplemental cash flow information related to leases for the thirteen weeks ended March 30, 2025 and March 31, 2024:

			March 30, 2025						March 31, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net of lease incentives			$	19,994					$	10,610
Right of use assets obtained in exchange for lease obligations:
Operating leases			$	13,448					$	7,357

Future Minimum Lease Payments

As of March 30, 2025, future minimum lease payments for operating leases consisted of the following:

(dollar amounts in thousands)
2025			$	40,614
2026			63,345
2027			60,136
2028			54,256
2029			52,347
Thereafter			157,421
Total			$	428,119
Less: imputed interest			98,721
Total lease liabilities			$	329,398

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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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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