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RELATED PARTY TRANSACTIONS (Tables) | 6 Months Ended
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Jun. 30, 2024
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions |
| Quarter Ended |  | Two Quarters Ended
| June 30, 2024 |  | June 25, 2023 |  | June 30, 2024 |  | June 25, 2023
Food, beverage and packaging costs | $ | 512 |  |  | $ | 478 |  |  | $ | 1,014 |  |  | $ | 1,063 |
Other operating expenses | 138 |  |  | 112 |  |  | 240 |  |  | 226 |
Net Olo-related costs | $ | 650 |  |  | $ | 590 |  |  | $ | 1,254 |  |  | $ | 1,289 |
We are party to a TRA with certain members of Portillo's OpCo that provides for the payment by us of 85% of the amount of tax benefits, if any, that Portillo's Inc. actually realizes or in some cases is deemed to realize as a result of certain transactions. For the two quarters ended June 30, 2024 and June 25, 2023, the Company made TRA payments of $4.4 million relating to tax year 2022 and $0.8 million relating to tax year 2021, respectively. There were no amounts paid under the TRA during the quarters ended June 30, 2024 and June 25, 2023. We expect a payment of $7.2 million relating to tax year 2023 to be paid within the next 12 months.
(in thousands) |  | June 30, 2024 |  | December 31, 2023
Current portion of Tax Receivable Agreement liability |  | $ | 7,230 |  |  | $ | 4,428 |
Tax receivable agreement liability |  | 320,849 |  |  | 295,390 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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