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Income Taxes (Tables)

12 Months Ended

Dec. 29, 2024

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Tax

Loss before income taxes includes the following components for the fiscal years ended December 29, 2024, December 31, 2023, and December 25, 2022 (in thousands):

						2024						2023						2022
U.S.						$	(77,641)					$	(20,894)					$	(77,976)
Foreign						10						(24)						(160)
Loss before income taxes						$	(77,631)					$	(20,918)					$	(78,136)

Schedule of Provision (Benefit) for Income Taxes

expense (benefit) for the fiscal years ended December 29, 2024, December 31, 2023, and December 25, 2022 consist of the following (in thousands):

						2024						2023						2022
Current:
Federal						$	(37)					$	37					$	374
State						(53)						273						373
Foreign						—						—						—
Total current income tax expense (benefit)						$	(90)					$	310					$	747
Deferred:
Federal						$	—					$	—					$	—
State						—						—						—
Foreign						—						—						—
Total deferred income tax expense (benefit)						—						—						—
Income tax expense (benefit), net						$	(90)					$	310					$	747

Schedule of Reconciliation of Income Tax Provision that would Result from Applying the Federal Statutory Rate to Income Tax Provision

The reconciliation between the income tax expense (benefit) and the amount of income tax computed by applying the U.S. federal statutory rate to loss before income taxes as shown in the accompanying Consolidated Statements of Operations and Comprehensive Loss for fiscal years ended December 29, 2024, December 31, 2023, and December 25, 2022 is as follows:

						2024						2023						2022
Tax provision at U.S. federal statutory rate						21.0		%				21.0		%				21.0		%
State income taxes						3.8						4.2						4.0
Valuation allowance on deferred income tax assets						(25.6)						(22.3)						(24.2)
Excess stock options						(0.8)						(3.3)						(1.1)
Other						1.7						(1.1)						(0.7)
Effective tax rate						0.1		%				(1.5)		%				(1.0)		%

Schedule of the Company's Total Deferred Tax Assets and Liabilities

The Company's federal and state deferred taxes at December 29, 2024 and December 31, 2023 are as follows (in thousands):

						2024						2023
Deferred tax assets:
Leasing transactions						$	104,831					$	113,963
General business and other tax credits						41,009						40,441
Net operating loss carryover						50,688						44,131
Accrued compensation and related costs						4,810						5,361
Goodwill						7,250						7,244
Stock-based compensation						6,423						6,333
Advanced payments						—						628
Interest expense						15,938						11,345
Property & Equipment						8,318						—
Other non-current deferred tax assets						1,594						2,478
Subtotal						240,861						231,924
Valuation allowance						(136,595)						(119,861)
Total						$	104,266					$	112,063
Deferred tax liabilities:
Leasing transactions						$	(89,804)					$	(97,386)
Property and equipment						—						(1,242)
Supplies inventory						(4,349)						(4,415)
Prepaid expenses						(1,862)						(1,472)
Advanced Payments						(364)						—
Other non-current deferred tax liabilities						(7,887)						(7,548)
Total						$	(104,266)					$	(112,063)
Net deferred tax asset						$	—					$	—

Schedule of the Company's Unrecognized Tax Benefits

The following table summarizes the Company's unrecognized tax benefits at December 29, 2024, December 31, 2023, and December 25, 2022 (in thousands):

						2024						2023						2022
Beginning of year						$	185					$	185					$	32
Increase due to current year tax positions						—						—						177
Due to decrease to a position taken in a prior year						—						—						—
Settlements						—						—						—
Reductions related to lapses in the statute of limitations						(134)						—						(24)
End of year						$	51					$	185					$	185

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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