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Impairments and Exit Costs

6 Months Ended

Jun. 29, 2025

Restructuring Costs and Asset Impairment Charges [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:

			THIRTEEN WEEKS ENDED												TWENTY-SIX WEEKS ENDED
(dollars in thousands)			JUNE 29, 2025						JUNE 30, 2024						JUNE 29, 2025						JUNE 30, 2024
Impairment losses
U.S.			$	5,680					$	—					$	6,266					$	1,852
Other			—						12,471						—						12,471
Total impairment losses			$	5,680					$	12,471					$	6,266					$	14,323
Restaurant closure (benefits) charges
U.S.			$	(3,726)					$	2,135					$	(3,670)					$	11,219
Other			(414)						78						(706)						15
Total restaurant closure (benefits) charges			(4,140)						2,213						(4,376)						11,234
Provision for impaired assets and restaurant closings (1)			$	1,540					$	14,684					$	1,890					$	25,557

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(1)For the thirteen and twenty-six weeks ended June 30, 2024, primarily related to the Q2 2024 decision to close nine restaurants in Hong Kong and the closure of 36 predominantly older, underperforming U.S. restaurants (the “2023 Restaurant Closures”).

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- Definition

The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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