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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 29, 2026
Dec. 28, 2025
Current assets:    
Cash and cash equivalents $ 156,799 $ 89,177
Accounts receivable 7,042 5,166
Inventory 2,586 2,384
Prepaid expenses 7,694 6,381
Current portion of lease acquisition costs 93 93
Assets held for sale 0 25,427
Other current assets 1,099 1,029
Total current assets 175,313 129,657
Operating lease assets 285,810 284,263
Property and equipment, net 318,324 326,903
Goodwill 27,793 27,793
Intangible assets, net 10,240 10,424
Security deposits 1,289 1,316
Lease acquisition costs, net 218 241
Restricted cash 4,184 4,166
Equity investments 86,429 0
Other assets 3,091 3,341
Total assets 912,691 788,104
Current liabilities:    
Current portion of operating lease liabilities 42,226 41,590
Accounts payable 17,426 19,885
Accrued expenses 33,177 33,739
Accrued payroll 9,068 8,143
Gift cards and loyalty liability 7,199 7,177
Liabilities held for sale 0 1,085
Other current liabilities 31 7,033
Total current liabilities 109,127 118,652
Operating lease liabilities, net of current portion 313,867 312,904
Other non-current liabilities 137 149
Deferred income tax liabilities 629 274
Total liabilities 423,760 431,979
COMMITMENTS AND CONTINGENCIES (Note 15)
Stockholders’ equity:    
Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized, 106,923,185 and 106,554,859 Class A shares issued and outstanding as of March 29, 2026 and December 28, 2025, respectively; 300,000,000 Class B shares authorized, 11,893,558 and 11,893,558 Class B shares issued and outstanding as of March 29, 2026 and December 28, 2025, respectively 119 118
Additional paid-in capital 1,372,426 1,365,430
Accumulated deficit (883,614) (1,009,423)
Total stockholders’ equity 488,931 356,125
Total liabilities and stockholders’ equity $ 912,691 $ 788,104