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LEASES (Tables) | 6 Months Ended
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Jun. 29, 2025
Leases [Abstract] |
Components of Lease Cost | The components of lease cost for the thirteen and twenty-six weeks ended June 29, 2025 and June 30, 2024 were as follows:
|  | Thirteen weeks ended |  | Twenty-six weeks ended
(dollar amounts in thousands) | Classification | June 29, 2025 |  | June 30, 2024 |  | June 29, 2025 |  | June 30, 2024
Operating lease cost | Occupancy and related expense General and administrative expense Pre-opening costs | $ | 14,306 |  |  | $ | 12,766 |  |  | $ | 28,030 |  |  | $ | 25,148 |
Variable lease cost | Occupancy and related expense General and administrative expense | 3,615 |  |  | 3,329 |  |  | 6,753 |  |  | 6,276 |
Short term lease cost | Occupancy and related expense General and administrative expense | 135 |  |  | 116 |  |  | 214 |  |  | 230 |
Total lease cost |  | $ | 18,056 |  |  | $ | 16,211 |  |  | $ | 34,997 |  |  | $ | 31,654 |
A summary of lease terms and discount rates for operating leases as of June 29, 2025 and December 29, 2024 is as follows:
| June 29, 2025 |  | December 29, 2024
Weighted average remaining lease term (years): |  |  |
Operating Leases | 7.26 |  | 7.32
Weighted average discount rate: |  |  |
Operating Leases | 6.82 | % |  | 6.75 | %
During the thirteen and twenty-six weeks ended June 29, 2025, the Company recorded a non-cash impairment charge related to operating lease assets of $1.6 million, which is recorded in impairment and closure costs within the condensed consolidated financial statements. Supplemental cash flow information related to leases for the twenty-six weeks ended June 29, 2025 and June 30, 2024:
| June 29, 2025 |  | June 30, 2024
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases, net of lease incentives | $ | 33,319 |  |  | $ | 22,958 |
Right of use assets obtained in exchange for lease obligations: |  |  |
Operating leases | $ | 30,396 |  |  | $ | 20,950 |
Derecognition of operating lease assets due to termination or impairment | $ | 1,594 |  |  | $ | — |
Future Minimum Lease Payments | As of June 29, 2025, future minimum lease payments for operating leases consisted of the following:
(dollar amounts in thousands) |
2025 | $ | 26,027 |
2026 | 65,827 |
2027 | 62,791 |
2028 | 56,963 |
2029 | 55,141 |
Thereafter | 173,502 |
Total | $ | 440,251 |
Less: imputed interest | 101,519 |
Total lease liabilities | $ | 338,732 |

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- 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 + Details
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- 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 + Details
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