Equity-based compensation expense is calculated based on equity awards ultimately expected to vest and is reduced for estimated forfeitures. Forfeitures are revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates and an adjustment to equity-based compensation expense will be recognized at that time.

Equity-based compensation expense included in the Company’s consolidated statements of operations is as follows (in thousands):


	Quarter Ended
		March 30, 2025		March 31, 2024
Labor		$	353	$	408
General and administrative expenses		1,597		2,419
Total equity-based compensation expense		$	1,950	$	2,827