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Leases (Tables)
9 Months Ended
Sep. 28, 2025
Leases [Abstract]  
Assets and liabilities, lessee
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 CLASSIFICATIONSEPTEMBER 28, 2025DECEMBER 29, 2024
Operating lease right-of-use assetsOperating lease right-of-use assets$987,871 $1,012,857 
Finance lease right-of-use assets (1)Property, fixtures and equipment, net11,148 10,058 
Total lease assets, net$999,019 $1,022,915 
Current operating lease liabilitiesCurrent operating lease liabilities$176,252 $158,806 
Current finance lease liabilitiesAccrued and other current liabilities3,619 2,618 
Non-current operating lease liabilitiesNon-current operating lease liabilities1,057,603 1,088,518 
Non-current finance lease liabilitiesOther long-term liabilities, net9,748 8,359 
Total lease liabilities$1,247,222 $1,258,301 
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(1)Net of accumulated amortization of $4.7 million and $4.0 million as of September 28, 2025 and December 29, 2024, respectively.
Lease, cost
Following is a summary of expenses and income related to leases recognized in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income for the periods indicated:
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME CLASSIFICATIONTHIRTEEN WEEKS ENDEDTHIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 28, 2025SEPTEMBER 29, 2024SEPTEMBER 28, 2025SEPTEMBER 29, 2024
Operating lease cost (1)Other restaurant operating$42,570 $42,019 $127,498 $127,315 
Variable lease costOther restaurant operating908 923 3,394 2,918 
Finance lease costs:
Amortization of leased assetsDepreciation and amortization738 487 2,178 1,511 
Interest on lease liabilitiesInterest expense, net267 181 767 525 
Sublease revenueFranchise and other revenues(1,641)(1,820)(5,088)(5,387)
Lease costs, net$42,842 $41,790 $128,749 $126,882 
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(1)Excludes rent expense for office facilities and closed or subleased properties of $3.2 million and $3.6 million for the thirteen weeks ended September 28, 2025 and September 29, 2024, respectively, and $10.3 million and $10.7 million for the thirty-nine weeks ended September 28, 2025 and September 29, 2024, respectively, which is included in General and administrative expense.
Cash flow, operating activities
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:
THIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 28, 2025SEPTEMBER 29, 2024
Cash flows from operating activities:
Cash paid for amounts included in the measurement of operating lease liabilities$137,116 $139,634 
Leased assets obtained in exchange for new operating lease liabilities$44,878 $79,758 
Leased assets obtained in exchange for new finance lease liabilities$4,431 $1,163