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Leases | 6 Months Ended
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Jun. 29, 2025
Leases [Abstract] |
Leases | Leases The following table includes a detail of lease assets and liabilities included on the Company’s Consolidated Balance Sheets as of the periods indicated:
(dollars in thousands) | CONSOLIDATED BALANCE SHEETS CLASSIFICATION |  | JUNE 29, 2025 |  | DECEMBER 29, 2024
Operating lease right-of-use assets | Operating lease right-of-use assets |  | $ | 1,015,518 |  |  | $ | 1,012,857 |
Finance lease right-of-use assets (1) | Property, fixtures and equipment, net |  | 13,433 |  |  | 10,058 |
Total lease assets, net |  |  | $ | 1,028,951 |  |  | $ | 1,022,915 |
Current operating lease liabilities | Current operating lease liabilities |  | $ | 162,509 |  |  | $ | 158,806 |
Current finance lease liabilities | Accrued and other current liabilities |  | 3,668 |  |  | 2,618 |
Non-current operating lease liabilities | Non-current operating lease liabilities |  | 1,077,983 |  |  | 1,088,518 |
Non-current finance lease liabilities | Other long-term liabilities, net |  | 11,589 |  |  | 8,359 |
Total lease liabilities |  |  | $ | 1,255,749 |  |  | $ | 1,258,301 |
________________ (1)Net of accumulated amortization of $5.3 million and $4.0 million as of June 29, 2025 and December 29, 2024, respectively. Following is a summary of expenses and income related to leases recognized in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for the periods indicated:
| CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATION |  | THIRTEEN WEEKS ENDED |  | TWENTY-SIX WEEKS ENDED
(dollars in thousands) |  | JUNE 29, 2025 |  | JUNE 30, 2024 |  | JUNE 29, 2025 |  | JUNE 30, 2024
Operating lease cost (1) | Other restaurant operating |  | $ | 42,623 |  |  | $ | 42,364 |  |  | $ | 84,928 |  |  | $ | 85,296 |
Variable lease cost | Other restaurant operating |  | 1,294 |  |  | 941 |  |  | 2,486 |  |  | 1,995 |
Finance lease costs: |  |  |  |  |  |  |  |  |
Amortization of leased assets | Depreciation and amortization |  | 750 |  |  | 511 |  |  | 1,440 |  |  | 1,024 |
Interest on lease liabilities | Interest expense, net |  | 261 |  |  | 169 |  |  | 500 |  |  | 344 |
Sublease revenue | Franchise and other revenues |  | (1,745) |  |  | (1,832) |  |  | (3,447) |  |  | (3,567) |
Lease costs, net |  |  | $ | 43,183 |  |  | $ | 42,153 |  |  | $ | 85,907 |  |  | $ | 85,092 |
________________ (1)Excludes rent expense for office facilities and closed or subleased properties of $3.4 million and $3.6 million for the thirteen weeks ended June 29, 2025 and June 30, 2024, respectively, and $7.0 million for the twenty-six weeks ended June 29, 2025 and June 30, 2024, which is included in General and administrative expense. The following table is a summary of cash flow impacts to the Company’s Consolidated Financial Statements related to its leases for the periods indicated:
| TWENTY-SIX WEEKS ENDED
(dollars in thousands) | JUNE 29, 2025 |  | JUNE 30, 2024
Cash flows from operating activities: |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 91,977 |  |  | $ | 93,842 |
Leases | Leases The following table includes a detail of lease assets and liabilities included on the Company’s Consolidated Balance Sheets as of the periods indicated:
(dollars in thousands) | CONSOLIDATED BALANCE SHEETS CLASSIFICATION |  | JUNE 29, 2025 |  | DECEMBER 29, 2024
Operating lease right-of-use assets | Operating lease right-of-use assets |  | $ | 1,015,518 |  |  | $ | 1,012,857 |
Finance lease right-of-use assets (1) | Property, fixtures and equipment, net |  | 13,433 |  |  | 10,058 |
Total lease assets, net |  |  | $ | 1,028,951 |  |  | $ | 1,022,915 |
Current operating lease liabilities | Current operating lease liabilities |  | $ | 162,509 |  |  | $ | 158,806 |
Current finance lease liabilities | Accrued and other current liabilities |  | 3,668 |  |  | 2,618 |
Non-current operating lease liabilities | Non-current operating lease liabilities |  | 1,077,983 |  |  | 1,088,518 |
Non-current finance lease liabilities | Other long-term liabilities, net |  | 11,589 |  |  | 8,359 |
Total lease liabilities |  |  | $ | 1,255,749 |  |  | $ | 1,258,301 |
________________ (1)Net of accumulated amortization of $5.3 million and $4.0 million as of June 29, 2025 and December 29, 2024, respectively. Following is a summary of expenses and income related to leases recognized in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for the periods indicated:
| CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATION |  | THIRTEEN WEEKS ENDED |  | TWENTY-SIX WEEKS ENDED
(dollars in thousands) |  | JUNE 29, 2025 |  | JUNE 30, 2024 |  | JUNE 29, 2025 |  | JUNE 30, 2024
Operating lease cost (1) | Other restaurant operating |  | $ | 42,623 |  |  | $ | 42,364 |  |  | $ | 84,928 |  |  | $ | 85,296 |
Variable lease cost | Other restaurant operating |  | 1,294 |  |  | 941 |  |  | 2,486 |  |  | 1,995 |
Finance lease costs: |  |  |  |  |  |  |  |  |
Amortization of leased assets | Depreciation and amortization |  | 750 |  |  | 511 |  |  | 1,440 |  |  | 1,024 |
Interest on lease liabilities | Interest expense, net |  | 261 |  |  | 169 |  |  | 500 |  |  | 344 |
Sublease revenue | Franchise and other revenues |  | (1,745) |  |  | (1,832) |  |  | (3,447) |  |  | (3,567) |
Lease costs, net |  |  | $ | 43,183 |  |  | $ | 42,153 |  |  | $ | 85,907 |  |  | $ | 85,092 |
________________ (1)Excludes rent expense for office facilities and closed or subleased properties of $3.4 million and $3.6 million for the thirteen weeks ended June 29, 2025 and June 30, 2024, respectively, and $7.0 million for the twenty-six weeks ended June 29, 2025 and June 30, 2024, which is included in General and administrative expense. The following table is a summary of cash flow impacts to the Company’s Consolidated Financial Statements related to its leases for the periods indicated:
| TWENTY-SIX WEEKS ENDED
(dollars in thousands) | JUNE 29, 2025 |  | JUNE 30, 2024
Cash flows from operating activities: |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 91,977 |  |  | $ | 93,842 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance 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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- 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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