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Impairment and Exit Costs | 12 Months Ended
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Dec. 29, 2024
Impairments and Exit Costs [Abstract] |
Impairments and Exit Costs | Impairments and Exit Costs The components of Provision for impaired assets and restaurant closings are as follows for the periods indicated:
| FISCAL YEAR
(dollars in thousands) | 2024 |  | 2023 |  | 2022
Impairment losses |  |  |  |  |
U.S. (1) | $ | 33,947 |  |  | $ | 39,812 |  |  | $ | 3,942 |
Corporate | — |  |  | — |  |  | 7 |
Other (2) | 12,488 |  |  | 600 |  |  | 1,537 |
Total impairment losses | 46,435 |  |  | 40,412 |  |  | 5,486 |
Restaurant closure charges (benefit) |  |  |  |  |
U.S. (1) | 14,045 |  |  | (7,143) |  |  | 478 |
Other (2) | 3,811 |  |  | 305 |  |  | — |
Total restaurant closure charges (benefit) | 17,856 |  |  | (6,838) |  |  | 478 |
Provision for impaired assets and restaurant closings | $ | 64,291 |  |  | $ | 33,574 |  |  | $ | 5,964 |
________________ (1)Primarily includes charges related to the 2023 Restaurant Closures and the Q4 2024 Restaurant Impairment, as discussed below. (2)Primarily includes charges related to the 2024 closure of nine restaurants in Hong Kong. 2023 Restaurant Closures - During 2023, the Company closed three U.S. and two Hong Kong Aussie Grill restaurants and made the decision to close 36 predominantly older, underperforming U.S. restaurants (the “2023 Restaurant Closures”). Following is a summary of 2023 Restaurant Closures expenses recognized in the Consolidated Statements of Operations and Comprehensive (Loss) Income for the periods indicated (dollars in thousands):
DESCRIPTION |  | CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME CLASSIFICATION |  |  |  | FISCAL YEAR
|  |  |  | 2024 |  | 2023
Asset impairments and closure charges |  | Provision for impaired assets and restaurant closings |  |  |  | $ | 12,034 |  |  | $ | 34,200 |
Severance and other expenses |  | General and administrative |  |  |  | 3,798 |  |  | 622 |
Closure-related labor costs |  | Labor and other related |  |  |  | 434 |  |  | — |
Lease remeasurement gains |  | Other restaurant operating |  |  |  | — |  |  | (2,450) |
Total |  |  |  |  |  | $ | 16,266 |  |  | $ | 32,372 |
During 2023, the Company recognized a lease termination gain of $6.7 million, net of related asset impairments, in connection with the closure of one U.S. restaurant. Q4 2024 Restaurant Impairment - During the thirteen weeks ended December 29, 2024, the Company recorded asset impairment charges of $25.5 million primarily related to 41 older, underperforming U.S. restaurants based on an assessment of each restaurant’s historical operating performance and trends, combined with updated expected cash flow projections over the respective remaining lease term (the “Q4 2024 Restaurant Impairment”). The projections considered, among other factors, continued challenging operating and macroeconomic conditions since these restaurants tend to underperform Company-wide averages for sales and operating income. The remaining impairment and closure charges during the periods presented resulted primarily from locations identified for closure, including the closure of all Company-owned U.S. Aussie Grill restaurants.

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- Definition Impairments, Exit Costs and Disposals [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for the details of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Disclosure may also include a description of the impaired asset and facts and circumstances leading to the impairment, amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired asset is reported. + References No definition available. + Details
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