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Leases (Tables)

12 Months Ended

Dec. 27, 2023

Leases [Abstract]

Schedule of Components of Lease Costs and Lease Terms and Discount Rates

The components of lease costs were as follows:

									Fiscal Year Ended
			Classification						December 27, 2023						December 28, 2022
									(In thousands)
Lease costs
Finance lease costs:
Amortization of right-of-use assets			Depreciation and amortization						$	1,451					$	1,704
Interest on lease liabilities			Interest expense, net						2,139						2,350
Operating lease costs:
Operating lease costs - company			Occupancy						8,841						7,624
Operating lease costs - franchise			Costs of franchise and license revenue						14,022						15,541
Operating lease costs - general and administrative			General and administrative expenses						629						564
Operating lease costs - closed stores			Restructuring charges and exit costs						175						201
Variable lease costs:
Variable lease costs - company			Occupancy						4,803						3,988
Variable lease costs - franchise			Costs of franchise and license revenue						6,232						6,596
Variable lease costs - general and administrative			General and administrative expenses						271						255
Variable lease costs - closed stores			Restructuring charges and exit costs						46						34
Sublease income:
Sublease income - franchise			Franchise and license revenue						(24,966)						(27,445)
Sublease income - closed stores			Restructuring charges and exit costs						(166)						(229)
Total lease costs									$	13,477					$	11,183

Lease terms and discount rates were as follows:

			December 27, 2023						December 28, 2022
Weighted-average remaining lease term (in years):
Finance leases			8.0						8.4
Operating leases			8.8						9.4
Weighted-average discount rate:
Finance leases			23.1		%				23.5		%
Operating leases			6.0		%				5.8		%

Cash and supplemental noncash amounts were as follows:

						Fiscal Year Ended
						December 27, 2023						December 28, 2022
						(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases						$	2,139					$	2,350
Operating cash flows from operating leases						$	24,310					$	24,626
Financing cash flows from finance leases						$	1,786					$	2,020
Right-of-use assets obtained in exchange for new finance lease liabilities						$	1,071					$	537
Right-of-use assets obtained in exchange for new operating lease liabilities (1)						$	7,047					$	16,040

    

(1)    Right-of-use assets obtained in 2022 includes $7.9 million from the acquisition of Keke’s. See Note 3.

Schedule of Components of Lease Income

The components of lease income were as follows:

									Fiscal Year Ended
			Classification						December 27, 2023						December 28, 2022
									(In thousands)
Lease income
Operating lease income - franchise			Franchise and license revenue						$	26,353					$	28,473
Operating lease income - closed stores			Restructuring charges and exit costs						119						183
Operating lease income - general and administrative			General and administrative expenses						118						140
Variable lease income - franchise			Franchise and license revenue						9,530						10,124
Variable lease income - closed stores			Restructuring charges and exit costs						47						46
Total lease income									$	36,167					$	38,966

Schedule of Finance Lease Liability Maturity

Maturities of lease liabilities and receipts as of December 27, 2023 were as follows:

			Lease Liabilities												Lease Receipts
			Finance						Operating						Operating
			(In thousands)
2024			$	3,312					$	21,977					$	23,950
2025			3,171						21,022						23,943
2026			2,820						20,402						23,567
2027			2,408						18,539						22,133
2028			1,728						16,558						20,317
Thereafter			9,929						69,289						117,351
Total undiscounted cash flows			23,368						167,787						$	231,261
Less: interest			12,835						38,557
Present value of lease liabilities			10,533						129,230
Less: current lease liabilities			1,383						14,779
Long-term lease liabilities			$	9,150					$	114,451

Schedule of Lessee Lease Liability Maturity

Maturities of lease liabilities and receipts as of December 27, 2023 were as follows:

			Lease Liabilities												Lease Receipts
			Finance						Operating						Operating
			(In thousands)
2024			$	3,312					$	21,977					$	23,950
2025			3,171						21,022						23,943
2026			2,820						20,402						23,567
2027			2,408						18,539						22,133
2028			1,728						16,558						20,317
Thereafter			9,929						69,289						117,351
Total undiscounted cash flows			23,368						167,787						$	231,261
Less: interest			12,835						38,557
Present value of lease liabilities			10,533						129,230
Less: current lease liabilities			1,383						14,779
Long-term lease liabilities			$	9,150					$	114,451

Schedule of Lessor Operating Lease Payments to be Received Maturity

Maturities of lease liabilities and receipts as of December 27, 2023 were as follows:

			Lease Liabilities												Lease Receipts
			Finance						Operating						Operating
			(In thousands)
2024			$	3,312					$	21,977					$	23,950
2025			3,171						21,022						23,943
2026			2,820						20,402						23,567
2027			2,408						18,539						22,133
2028			1,728						16,558						20,317
Thereafter			9,929						69,289						117,351
Total undiscounted cash flows			23,368						167,787						$	231,261
Less: interest			12,835						38,557
Present value of lease liabilities			10,533						129,230
Less: current lease liabilities			1,383						14,779
Long-term lease liabilities			$	9,150					$	114,451

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

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-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
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-SubTopic 30
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-Section 50
-Paragraph 12
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Tabular disclosure of components of income from operating lease.

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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-5

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