XML 23 R13.htm IDEA: XBRL DOCUMENT v3.25.1
Leases
3 Months Ended
Mar. 30, 2025
Leases [Abstract]  
Leases Leases
Lessee Disclosures
The gains and losses recognized upon lease terminations are recorded in impairment, loss on disposal of property and equipment and shop closures in the condensed consolidated statement of operations. The right-of use assets, liabilities and gains/losses recognized upon termination of lease contracts were as follows (in thousands, except for number of leases terminated):
For the Quarter Ended
March 30,
2025
March 31,
2024
Leases terminated
Lease termination (income) costs
(578)200 
Right-of-use assets derecognized upon lease termination309 416 
Lease liabilities derecognized upon lease termination344 506 
(Gain) loss recognized upon lease termination
$(613)$110 
Supplemental disclosures of cash flow information related to leases were as follows:
For the Quarter Ended
March 30,
2025
March 31,
2024
Operating cash flows rent paid for operating lease liabilities$10,289 $10,748 
Operating right-of-use assets obtained in exchange for new operating lease liabilities$4,691 $1,182 
Reduction in operating right-of-use assets due to lease modifications$— $(676)
As of March 30, 2025, the Company had additional operating lease payments related to two shops not yet open of $2.3 million. These operating leases will commence during the next fiscal year with an average lease term of 15 years, inclusive of a five year renewal option.
Lessor Disclosures
The components of lease income were as follows (amount in thousands, except number of subleases):
For the Quarter Ended
March 30,
2025
March 31,
2024
Operating lease income$945 $1,011 
Variable lease income521 365 
Franchise rent income (a)
$1,466 $1,376 
______________________________
(a)Amounts included in franchise royalties, fees and rent income in the condensed consolidated statement of operations.
Leases Leases
Lessee Disclosures
The gains and losses recognized upon lease terminations are recorded in impairment, loss on disposal of property and equipment and shop closures in the condensed consolidated statement of operations. The right-of use assets, liabilities and gains/losses recognized upon termination of lease contracts were as follows (in thousands, except for number of leases terminated):
For the Quarter Ended
March 30,
2025
March 31,
2024
Leases terminated
Lease termination (income) costs
(578)200 
Right-of-use assets derecognized upon lease termination309 416 
Lease liabilities derecognized upon lease termination344 506 
(Gain) loss recognized upon lease termination
$(613)$110 
Supplemental disclosures of cash flow information related to leases were as follows:
For the Quarter Ended
March 30,
2025
March 31,
2024
Operating cash flows rent paid for operating lease liabilities$10,289 $10,748 
Operating right-of-use assets obtained in exchange for new operating lease liabilities$4,691 $1,182 
Reduction in operating right-of-use assets due to lease modifications$— $(676)
As of March 30, 2025, the Company had additional operating lease payments related to two shops not yet open of $2.3 million. These operating leases will commence during the next fiscal year with an average lease term of 15 years, inclusive of a five year renewal option.
Lessor Disclosures
The components of lease income were as follows (amount in thousands, except number of subleases):
For the Quarter Ended
March 30,
2025
March 31,
2024
Operating lease income$945 $1,011 
Variable lease income521 365 
Franchise rent income (a)
$1,466 $1,376 
______________________________
(a)Amounts included in franchise royalties, fees and rent income in the condensed consolidated statement of operations.