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LEASES | 12 Months Ended
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Dec. 28, 2025
Leases [Abstract] |
LEASES | LEASES The components of lease cost were as follows:
(dollar amounts in thousands) | Classification | December 28, 2025 |  | December 29, 2024 |  | December 31, 2023
Operating lease cost | Occupancy and related expense General and administrative expense Pre-opening costs | $ | 58,022 |  |  | $ | 51,576 |  |  | $ | 48,168
Variable lease cost | Occupancy and related expense General and administrative expense | 13,263 |  |  | 12,219 |  |  | 11,055
Short term lease cost | Occupancy and related expense General and administrative expense | 416 |  |  | 612 |  |  | 422
Sublease income | General and administrative expense | — |  |  | — |  |  | (356)
Total lease cost |  | $ | 71,701 |  |  | $ | 64,407 |  |  | $ | 59,289 |
During the fiscal years ended December 28, 2025 and December 29, 2024, the Company recorded non-cash impairment charges related to operating lease assets of $1.6 million and $0.4 million, respectively, which were recorded within impairment and closure costs in the consolidated statements of operations. During the fiscal year ended December 31, 2023, the Company recorded non-cash impairment charges related to operating lease assets of $4.3 million, all of which was recorded within restructuring charges in the consolidated statements of operations. See Note 1. As of December 28, 2025, future minimum lease payments for operating leases consisted of the following:
(dollar amounts in thousands) |
2026 | $ | 63,503 |
2027 | 68,070 |
2028 | 62,745 |
2029 | 61,179 |
2030 | 55,319 |
Thereafter | 149,013 |
Total | 459,829 |
Less: imputed interest | 105,335 |
Total lease liabilities | $ | 354,494 |
As of December 28, 2025 the Company had additional operating lease commitments of $14.6 million for non-cancelable leases that have not yet commenced, which the Company anticipates will commence in fiscal year 2026. The nature of such lease commitments is consistent with the nature of the leases that the Company has executed thus far. A summary of lease terms and discount rates for operating leases as of December 28, 2025 and December 29, 2024 is as follows:
| December 28, 2025 |  | December 29, 2024
Weighted-average remaining lease term (years): |  |  |
Operating Leases | 7.16 |  | 7.32
Weighted-average discount rate: |  |  |
Operating Leases | 6.88 | % |  | 6.75 | %
Supplemental cash flow information related to leases as of December 28, 2025, December 29, 2024 and December 31, 2023 as follows:
| December 28, 2025 |  | December 29, 2024 |  | December 31, 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases, net of lease incentives | $ | 64,443 |  |  | $ | 39,965 |  |  | $ | 42,425 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |
Operating leases | $ | 65,387 |  |  | $ | 46,167 |  |  | $ | 24,416 |
Derecognition of operating lease assets due to termination or impairment | $ | 1,594 |  |  | $ | 389 |  |  | $ | 4,291 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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