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Leases | 3 Months Ended
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Mar. 29, 2026
Leases |
Leases | Note 9 – Leases The components of lease expense for the three periods ended March 29, 2026 and March 30, 2025 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 29, |  | March 30, |
​ | ​ | 2026 |  | 2025 |
Lease cost | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease cost |  | $ | 11,335 |  | $ | 11,197 | ​
Finance lease cost | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of ROU assets | ​ | ​ | 52 | ​ | ​ | 54 | ​
Interest on lease liabilities | ​ | ​ | 18 | ​ | ​ | 24 | ​
Total finance lease cost | ​ | ​ | 70 | ​ | ​ | 78 | ​
Variable lease cost (1) | ​ | ​ | 6,281 | ​ | ​ | 7,091 | ​
Short-term lease cost | ​ | ​ | 1,092 | ​ | ​ | 898 | ​
Total lease cost |  | $ | 18,778 |  | $ | 19,264 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average remaining lease term | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | ​ | 13 years | ​ | ​ | 13 years | ​
Finance leases | ​ | ​ | 3 years | ​ | ​ | 4 years | ​
Weighted average discount rate | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | ​ | 10.42 | % | ​ | 10.35 | %
Finance leases | ​ | ​ | 11.14 | % | ​ | 11.14 | %
(1) | Variable lease cost is comprised of percentage rent and common area maintenance.
​ The components of finance lease assets and liabilities on the condensed consolidated balance sheet were as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | March 29, | ​ ​ ​ | December 28,
​ | ​ | 2026 | ​ | 2025
Finance lease right-of-use assets (1) | ​ | $ | 526 | ​ | $ | 573
Current portion of finance lease liabilities (1) | ​ |  | 197 | ​ |  | 191
Long-term portion of finance lease liabilities (1) | ​ | ​ | 394 | ​ | ​ | 457
(1) | Finance lease assets and liabilities are included in other assets, other current liabilities, and other long-term liabilities on the condensed consolidated balance sheet.
Supplemental cash flow information related to leases for the period was as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 29, | ​ | March 30,
​ | ​ | 2026 | ​ | 2025
Cash paid for amounts included in the measurement of lease liabilities: |  | ​ | ​ | ​ | ​ | ​
Operating cash flows from operating leases | ​ | $ | 11,129 | ​ | $ | 11,769
Operating cash flows from finance leases | ​ | $ | 52 | ​ | $ | 54
Financing cash flows from finance leases | ​ | $ | 65 | ​ | $ | 90
Right-of-use assets obtained in exchange for lease obligations: | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | $ | 5,353 | ​ | $ | —
​ The Company has entered into eight operating leases for future restaurants that have not commenced as of March 29, 2026. The present value of the aggregate future commitment related to these leases totals $11.0 million. The Company expects these leases, which have an initial lease term of 10 to 20 years, to commence within the next twelve months. ​ As of March 29, 2026, maturities of the Company’s operating lease liabilities are as follows (in thousands): ​
​ | ​ | ​ | ​
2026, nine periods remaining | ​ | $ | 26,544
2027 | ​ | ​ | 44,811
2028 | ​ | ​ | 47,325
2029 | ​ | ​ | 47,938
2030 | ​ | ​ | 47,690
Thereafter | ​ | ​ | 374,852
Total lease payments | ​ | ​ | 589,160
Less: imputed interest | ​ | ​ | (280,638)
Present value of operating lease liabilities |  | $ | 308,522
​ As of March 29, 2026, maturities of the Company’s finance lease liabilities are as follows (in thousands): ​
​ | ​ | ​ | ​
2026, nine periods remaining | ​ | $ | 200
2027 | ​ | ​ | 253
2028 | ​ | ​ | 231
Total lease payments | ​ | ​ | 684
Less: imputed interest | ​ | ​ | (93)
Present value of finance lease liabilities |  | $ | 591
​

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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