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LEASES (Tables)

6 Months Ended

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

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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