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NON-CONTROLLING INTERESTS (Tables) | 6 Months Ended
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Jun. 30, 2024
Noncontrolling Interest [Abstract] |
Schedule of LLC Interest Ownership by Portillo's Inc. and Pre-IPO LLC Members | The following table summarizes the LLC interest ownership by Portillo's Inc. and pre-IPO LLC members:
| June 30, 2024 |  | December 31, 2023
| LLC Units |  | Ownership % |  | LLC Units |  | Ownership %
Portillo's Inc. | 61,739,874 |  |  | 84.1 | % |  | 55,502,375 |  |  | 76.1 | %
pre-IPO LLC Members | 11,640,555 |  |  | 15.9 | % |  | 17,472,926 |  |  | 23.9 | %
Total | 73,380,429 |  |  | 100.0 | % |  | 72,975,301 |  |  | 100.0 | %
Schedule of Effects of Changes in Ownership in Portillo's OpCo on the Company’s Equity | The following table summarizes the effects of changes in ownership in Portillo's OpCo on the Company’s equity (in thousands):
| Quarter Ended |  | Two Quarters Ended
| June 30, 2024 |  | June 25, 2023 |  | June 30, 2024 |  | June 25, 2023
Net income attributable to Portillo's Inc. | $ | 6,470 |  |  | $ | 6,788 |  |  | $ | 11,032 |  |  | $ | 6,274 |
Activity under equity-based compensation plans | 355 |  |  | 577 |  |  | 1,168 |  |  | 1,288 |
Non-controlling interest adjustment | 403 |  |  | 4,109 |  |  | 46,878 |  |  | 47,845 |
Redemption of LLC Units | — |  |  | (5) |  |  | (58) |  |  | (64) |
Establishment of liabilities under Tax Receivable Agreement and related changes to deferred tax assets associated with increases in tax basis | — |  |  | (1,189) |  |  | (15,913) |  |  | (13,682) |
Total effect of changes in ownership interest on equity attributable to Portillo's Inc. | $ | 7,228 |  |  | $ | 10,280 |  |  | $ | 43,107 |  |  | $ | 41,661 |

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- Definition The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4M -Publisher FASB -URI https://asc.fasb.org/1943274/2147481175/810-10-55-4M Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A + Details
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- Definition Tabular disclosure of other units or shares or classes of ownership in a partnership. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-5 + Details
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