v3.25.2
Leases
6 Months Ended
Jun. 29, 2025
Leases [Abstract]  
Leases Leases
Lessee Disclosures
The gains and losses recognized upon lease terminations are recorded in impairment, loss on disposal of property and equipment and shop closures in the condensed consolidated statement of operations. The right-of use assets, liabilities and gains/losses recognized upon termination of lease contracts were as follows (in thousands, except for number of leases terminated):
For the Year to Date Ended
June 29,
2025
June 30,
2024
Leases terminated
Lease termination (income) costs
(387)200 
Right-of-use assets derecognized upon lease termination361 416 
Lease liabilities derecognized upon lease termination569 506 
(Gain) loss recognized upon lease termination
$(595)$110 
Supplemental disclosures of cash flow information related to leases were as follows:
For the Quarter EndedFor the Year to Date Ended
June 29,
2025
June 30,
2024
June 29,
2025
June 30,
2024
Operating cash flows rent paid for operating lease liabilities$6,315 $11,086 $16,604 $21,834 
Operating right-of-use assets obtained in exchange for new operating lease liabilities$1,708 $8,178 $6,399 $9,360 
Reduction in operating right-of-use assets due to lease modifications$— $2,331 $— $3,007 
Lessor Disclosures
The components of lease income were as follows (amount in thousands, except number of subleases):
For the Quarter Ended
For the Year to Date Ended
June 29,
2025
June 30,
2024
June 29,
2025
June 30,
2024
Operating lease income$1,149 $949 $2,094 $1,960 
Variable lease income432 449 953 814 
Franchise rent income (a)
$1,581 $1,398 $3,047 $2,774 
______________________________
(a)Amounts included in franchise royalties, fees and rent income in the condensed consolidated statement of operations.
Leases Leases
Lessee Disclosures
The gains and losses recognized upon lease terminations are recorded in impairment, loss on disposal of property and equipment and shop closures in the condensed consolidated statement of operations. The right-of use assets, liabilities and gains/losses recognized upon termination of lease contracts were as follows (in thousands, except for number of leases terminated):
For the Year to Date Ended
June 29,
2025
June 30,
2024
Leases terminated
Lease termination (income) costs
(387)200 
Right-of-use assets derecognized upon lease termination361 416 
Lease liabilities derecognized upon lease termination569 506 
(Gain) loss recognized upon lease termination
$(595)$110 
Supplemental disclosures of cash flow information related to leases were as follows:
For the Quarter EndedFor the Year to Date Ended
June 29,
2025
June 30,
2024
June 29,
2025
June 30,
2024
Operating cash flows rent paid for operating lease liabilities$6,315 $11,086 $16,604 $21,834 
Operating right-of-use assets obtained in exchange for new operating lease liabilities$1,708 $8,178 $6,399 $9,360 
Reduction in operating right-of-use assets due to lease modifications$— $2,331 $— $3,007 
Lessor Disclosures
The components of lease income were as follows (amount in thousands, except number of subleases):
For the Quarter Ended
For the Year to Date Ended
June 29,
2025
June 30,
2024
June 29,
2025
June 30,
2024
Operating lease income$1,149 $949 $2,094 $1,960 
Variable lease income432 449 953 814 
Franchise rent income (a)
$1,581 $1,398 $3,047 $2,774 
______________________________
(a)Amounts included in franchise royalties, fees and rent income in the condensed consolidated statement of operations.