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EQUITY-BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Equity-Based Compensation Expense | Equity-based compensation expense included in the Company’s consolidated statements of operations is as follows (in thousands):
| Quarter Ended |  | Two Quarters Ended
| June 30, 2024 |  | June 25, 2023 |  | June 30, 2024 |  | June 25, 2023
Labor | $ | 546 |  |  | $ | 440 |  |  | $ | 954 |  |  | $ | 785 |
General and administrative expenses | 2,344 |  |  | 3,744 |  |  | 4,763 |  |  | 6,935 |
Total equity-based compensation expense | $ | 2,890 |  |  | $ | 4,184 |  |  | $ | 5,717 |  |  | $ | 7,720 |
Schedule of Option Fair Value and Weighted Average Assumptions | The assumptions used to estimate the fair value of stock options granted during the quarter and two quarters ended June 30, 2024 were as follows:
|  | 2024
Fair value of stock option |  | $6.43
Stock Price |  | $11.94
Risk-free interest rate |  | 4.58%
Expected life (years) |  | 6.3
Expected dividend yield |  | —
Volatility |  | 49.4%

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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