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NON-CONTROLLING INTERESTS (Tables)

6 Months Ended

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

X

- 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

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- References

No definition available.

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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

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