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Supplemental Balance Sheet Information (Tables)
3 Months Ended
Mar. 30, 2025
Supplemental Balance Sheet Information [Abstract]  
Schedule of other current assets
Other current assets, net, consisted of the following as of the periods indicated:
(dollars in thousands)MARCH 30, 2025DECEMBER 29, 2024
Prepaid expenses$28,329 $23,102 
Installment receivable from sale of business120,214 — 
Accounts receivable - gift cards, net8,016 73,113 
Accounts receivable - vendors, net13,538 29,233 
Accounts receivable - franchisees, net3,061 2,975 
Accounts receivable - other, net9,443 9,280 
Deferred gift card sales commissions13,127 16,935 
Other current assets, net4,897 4,137 
$200,625 $158,775 
Schedule of other assets
Other assets, net, consisted of the following as of the periods indicated:
(dollars in thousands)MARCH 30, 2025DECEMBER 29, 2024
Company-owned life insurance$30,999 $31,971 
Deferred debt issuance costs - revolving credit facility (1)10,176 10,743 
Liquor licenses22,533 22,422 
Contingent consideration assets31,493 — 
Other assets10,790 9,335 
$105,991 $74,471 
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(1)Net of accumulated amortization of $1.2 million and $0.6 million as of March 30, 2025 and December 29, 2024, respectively.
Schedule of accrued and other current liabilities
Accrued and other current liabilities consisted of the following as of the periods indicated:
(dollars in thousands)MARCH 30, 2025DECEMBER 29, 2024
Accrued payroll and other compensation$50,961 $64,522 
Accrued insurance16,334 19,527 
Other current liabilities89,065 94,265 
$156,360 $178,314 
Schedule of other long-term liabilities
Other long-term liabilities, net, consisted of the following as of the periods indicated:
(dollars in thousands)MARCH 30, 2025DECEMBER 29, 2024
Accrued insurance$36,499 $33,519 
Deferred compensation obligations29,342 32,597 
Other long-term liabilities (1)38,797 27,304 
$104,638 $93,420 
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(1)Includes indemnification liabilities in connection with the Brazil Sale Transaction. See Note 2 – Discontinued Operations for additional details.
Schedule of long-term debt, net
Long-term debt, net, consisted of the following as of the periods indicated:
MARCH 30, 2025DECEMBER 29, 2024
(dollars in thousands)OUTSTANDING BALANCEINTEREST RATEOUTSTANDING BALANCEINTEREST RATE
Senior secured credit facility - revolving credit facility (1)$600,000 6.22 %$710,000 6.52 %
2025 Notes (2)20,724 5.00 %20,724 5.00 %
2029 Notes300,000 5.13 %300,000 5.13 %
Long-term debt920,724 1,030,724 
Less: unamortized debt discount and issuance costs(3,114)(3,326)
Long-term debt, net$917,610 $1,027,398 
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(1)Interest rate represents the weighted average interest rate as of the respective periods.
(2)Obligations under the 2025 Notes, which matured on May 1, 2025, have been classified as long-term, reflecting the Company’s intent and ability to refinance these notes through borrowings on its existing revolving credit facility. On May 1, 2025, the 2025 Notes were settled primarily using borrowings from the revolving credit facility.