Leases (Tables)
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6 Months Ended |
Jun. 30, 2024 |
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| Leases [Abstract] |
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| Components of operating lease costs |
Components of operating lease costs are included in occupancy, closed restaurant costs, restaurant pre-opening, general and administrative expense and property and equipment, net:
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Thirteen Weeks Ended |
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Twenty-Six Weeks Ended |
| Lease cost |
June 30, 2024 |
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June 25, 2023 |
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June 30, 2024 |
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June 25, 2023 |
| Operating lease cost |
$ |
6,190 |
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$ |
6,000 |
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$ |
12,216 |
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$ |
12,041 |
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| Variable lease cost |
415 |
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481 |
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800 |
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931 |
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$ |
6,605 |
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$ |
6,481 |
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$ |
13,016 |
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$ |
12,972 |
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| Supplemental Cash Flow Information |
Supplemental cash flow disclosures and other lease information:
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Twenty-Six Weeks Ended |
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June 30, 2024 |
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June 25, 2023 |
| Cash paid for operating lease liabilities |
$ |
13,194 |
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$ |
13,238 |
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Operating lease assets obtained in exchange for operating lease liabilities(a)
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1,993 |
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841 |
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| Supplemental balance sheet information |
Supplemental balance sheet disclosures:
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| Operating leases |
Classification |
June 30, 2024 |
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December 31, 2023 |
| Right-of-use assets |
Operating lease assets |
$ |
136,932 |
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$ |
140,138 |
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| Deferred rent payments |
Operating lease liability |
7 |
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6 |
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| Current lease liabilities |
Operating lease liability |
13,279 |
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12,982 |
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13,286 |
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12,988 |
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| Deferred rent payments |
Operating lease liability, less current portion |
58 |
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61 |
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| Non-current lease liabilities |
Operating lease liability, less current portion |
170,966 |
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174,175 |
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171,024 |
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174,236 |
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| Total lease liabilities |
$ |
184,310 |
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$ |
187,224 |
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| Weighted average remaining lease term (in years) |
11.9 |
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12.0 |
| Weighted average discount rate |
7.9 |
% |
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7.8% |
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| Operating Lease Liability Maturity Schedule |
Future minimum rent payments for our operating leases for the next five years as of June 30, 2024 are as follows:
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| Fiscal year ending: |
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| Remainder of 2024 |
$ |
13,453 |
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| 2025 |
27,207 |
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| 2026 |
26,720 |
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| 2027 |
24,811 |
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| 2028 |
24,407 |
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| Thereafter |
165,660 |
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| Total minimum lease payments |
282,258 |
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| Less: imputed interest |
97,948 |
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| Present value of lease liabilities |
$ |
184,310 |
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