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LEASES (Tables)

9 Months Ended

Sep. 28, 2025

Leases [Abstract]

Components of Lease Cost

The components of lease cost for the thirteen and thirty-nine weeks ended September 28, 2025 and September 29, 2024 were as follows:

						Thirteen weeks ended												Thirty-nine weeks ended
(dollar amounts in thousands)			Classification			September 28, 2025						September 29, 2024						September 28, 2025						September 29, 2024
Operating lease cost			Occupancy and related expense General and administrative expense Pre-opening costs			$	14,840					$	13,092					$	42,870					$	38,240
Variable lease cost			Occupancy and related expense General and administrative expense			3,454						3,204						10,207						9,480
Short term lease cost			Occupancy and related expense General and administrative expense			148						232						362						462
Total lease cost						$	18,442					$	16,528					$	53,439					$	48,182

A summary of lease terms and discount rates for operating leases as of September 28, 2025 and December 29, 2024 is as follows:

			September 28, 2025						December 29, 2024
Weighted average remaining lease term (years):
Operating Leases			7.29						7.32
Weighted average discount rate:
Operating Leases			6.86		%				6.75		%

During the thirty-nine weeks ended September 28, 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 thirty-nine weeks ended September 28, 2025 and September 29, 2024:

			September 28, 2025						September 29, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net of lease incentives			$	48,735					$	32,138
Right of use assets obtained in exchange for lease obligations:
Operating leases			$	57,869					$	28,455
Derecognition of operating lease assets due to termination or impairment			$	1,594					$	—

Future Minimum Lease Payments

As of September 28, 2025, future minimum lease payments for operating leases consisted of the following:

(dollar amounts in thousands)
2025			$	9,840
2026			69,138
2027			67,237
2028			61,483
2029			59,752
Thereafter			197,188
Total			$	464,638
Less: imputed interest			108,230
Total lease liabilities			$	356,408

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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