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Impairments and Exit Costs
9 Months Ended
Sep. 28, 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 ENDEDTHIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 28, 2025SEPTEMBER 29, 2024SEPTEMBER 28, 2025SEPTEMBER 29, 2024
Impairment losses
U.S.$32,455 $1,251 $38,721 $3,103 
Other— 17 — 12,488 
Total impairment losses$32,455 $1,268 $38,721 $15,591 
Restaurant closure charges (benefits)
U.S.$638 $615 $(3,032)$11,834 
Other143 3,714 (563)3,729 
Total restaurant closure charges (benefits)781 4,329 (3,595)15,563 
Provision for impaired assets and restaurant closings (1)
$33,236 $5,597 $35,126 $31,154 
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(1)For the thirteen and thirty-nine weeks ended September 28, 2025, primarily includes charges related to the 2025 Restaurant Closures, defined below, and $12.0 million of asset impairment charges related to five underperforming U.S. restaurants. For the thirteen and thirty-nine weeks ended September 29, 2024, primarily includes charges 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”).
2025 Restaurant Closures - During the thirteen and thirty-nine weeks ended September 28, 2025, the Company recognized asset impairments and net closure charges in connection with the decision to close 21 U.S. restaurants and not renew the leases of 22 U.S. restaurants, the majority of which expire over the next four years (the “2025 Restaurant Closures”). The closures of the 21 U.S. restaurants were completed during October 2025 with an estimated $5.0 million to $7.0 million of related severance and closure charges to be recorded during the thirteen weeks ended December 28, 2025.