v3.25.4
Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 28, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination
The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the date of acquisition for the acquisitions above.
KK U.S. Shops
KK Canada Shop
Total Purchase
Price Allocation
for Acquisitions
Assets acquired:
Cash and cash equivalents$8 $1 $9 
Prepaid expense and other current assets771 63 834 
Property and equipment, net13,649 971 14,620 
Other intangible assets, net12,928 6,871 19,799 
Operating lease right of use asset, net10,308 322 10,630 
Deferred income taxes, net—2323 
Total identified assets acquired37,664 8,251 45,915 
Liabilities assumed:
Current operating lease liabilities(1,153)(61)(1,214)
Noncurrent operating lease liabilities(9,155)(261)(9,416)
Deferred income taxes, net(514)— (514)
Total liabilities assumed(10,822)(322)(11,144)
Goodwill5,996 3,625 9,621 
Net assets acquired32,838 11,554 44,392 
Less: Fair value of former equity method investments (4,254)(2,460)(6,714)
Purchase consideration, net$28,584 $9,094 $37,678 
Transaction costs in 2024 $1,933 $589 $2,522 
Transaction costs in 2023 102 — 102 
Reportable segmentU.S.International
Schedule of Divestitures
The Japan assets and liabilities that were previously reported in the International reporting segment and reclassified as “assets held for sale” and “liabilities held for sale” are as follows:
As of
December 28, 2025
Assets held for sale:
Cash and cash equivalents$2,854 
Accounts receivable, net6,939 
Inventories676 
Prepaid expense and other current assets349 
Total current assets classified as held for sale10,818 
Property and equipment, net11,301 
Operating lease right of use asset, net12,451 
Other assets7,304 
Total assets classified as held for sale$41,874 
Liabilities held for sale:
Current portion of long-term debt4 
Current operating lease liabilities4,204 
Accounts payable2,908 
Accrued liabilities6,419 
Total current liabilities classified as held for sale13,535 
Long-term debt, less current portion3 
Noncurrent operating lease liabilities7,868 
Other long-term obligations and deferred credits3,945 
Total liabilities classified as held for sale25,351 
Net assets classified as held for sale$16,523 
The gain recognized in fiscal 2024 was calculated as follows:
July 17, 2024
Cash proceeds$127,350 
Fair value of retained noncontrolling interest in Insomnia Cookies85,086 
Carrying value of former noncontrolling interest in Insomnia Cookies30,427 
Less: Carrying value of net assets of Insomnia Cookies, including cash and cash equivalents(152,408)
Gain on divestiture of Insomnia Cookies$90,455