v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 28, 2025
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Leases
The Company included the following amounts related to operating and finance lease assets and liabilities within the Consolidated Balance Sheets:
As of
December 28, 2025December 29, 2024
Assets
Classification
Operating lease (1)
Operating lease right of use asset, net
$395,523 $409,869 
Finance lease
Property and equipment, net
53,233 72,221 
Total lease assets
$448,756 $482,090 
Liabilities
Current
Operating lease (2)
Current operating lease liabilities
$51,213 $46,620 
Finance lease
Current portion of long-term debt
21,614 16,356 
Noncurrent
Operating lease (3)
Noncurrent operating lease liabilities
395,895 405,366 
Finance lease
Long-term debt, less current portion
56,280 63,369 
Total lease liabilities
$525,002 $531,711 
The weighted-average remaining lease term and weighted-average discount rate for operating and finance leases were as follows:
As of
December 28, 2025December 29, 2024
Weighted average remaining lease term:
Operating lease
10.0 years10.6 years
Finance lease
5.3 years5.9 years
Weighted average discount rate:
Operating lease
6.98 %7.04 %
Finance lease
6.43 %6.58 %
Schedule of Lease Costs and Supplemental Cash Flow Information Related to Leases
Lease costs were as follows:
Fiscal Years Ended
December 28, 2025December 29, 2024December 31, 2023
Lease cost
Classification
Operating lease cost
Selling, general and administrative expense$2,695 $3,445 $3,541 
Operating lease cost
Operating expenses90,274 92,281 89,539 
Short-term lease cost
Operating expenses3,990 5,210 5,064 
Variable lease costs
Operating expenses29,798 27,941 31,726 
Sublease income
Royalties and other revenues(378)(259)(140)
Finance lease cost:
Amortization of right of use assets
Depreciation and amortization expense$19,102 $13,313 $7,639 
Interest on lease liabilities
Interest expense, net5,703 3,849 2,709 
Supplemental disclosures of cash flow information related to leases were as follows:
Fiscal Years Ended
December 28, 2025December 29, 2024December 31, 2023
Other information
Cash paid for leases:
Operating cash flows for operating leases (1)
$122,283 $112,250 $117,977 
Operating cash flows for finance leases5,695 3,846 2,649 
Financing cash flows for finance leases28,402 12,528 8,442 
Right of use assets obtained in exchange for new lease liabilities:
Operating leases$50,389 $60,183 $86,549 
Finance leases47,808 43,832 22,785 
(1)Operating cash flows for operating leases include variable rent payments which are not included in the measurement of lease liabilities. For the fiscal years ending December 28, 2025, December 29, 2024, and December 31, 2023, variable rent payments were $29.8 million, $27.9 million, and $31.7 million, respectively.
Lessee, Operating Lease, Liability, Maturity
Future lease commitments to be paid by the Company as of December 28, 2025 were as follows:
Fiscal yearOperating LeasesFinance Leases
2026$80,531 $25,919 
202775,673 20,605 
202864,468 16,399 
202962,696 11,069 
203053,504 3,268 
Thereafter304,679 15,504 
Total lease payments641,551 92,764 
Less: Interest(194,443)(14,870)
Present value of lease liabilities$447,108 $77,894 
Finance Lease, Liability, Fiscal Year Maturity
Future lease commitments to be paid by the Company as of December 28, 2025 were as follows:
Fiscal yearOperating LeasesFinance Leases
2026$80,531 $25,919 
202775,673 20,605 
202864,468 16,399 
202962,696 11,069 
203053,504 3,268 
Thereafter304,679 15,504 
Total lease payments641,551 92,764 
Less: Interest(194,443)(14,870)
Present value of lease liabilities$447,108 $77,894