Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 27, 2025

The following table presents the estimated useful lives for each asset category:


Buildings and improvements			5 to 40 years
Furniture and fixtures			5 to 7 years
Store equipment			5 to 15 years
Leasehold improvements			5 to 15 years
Vehicles			3 to 5 years
Computer equipment and software			3 to 5 years

Property and equipment, net at December 27, 2025 and December 28, 2024 consisted of the following:


(in thousands)	December 27, 2025		December 28, 2024
			As Restated
Buildings	$	93,156	$	69,512
Land	38,026		20,627
Furniture, fixtures, and other	48,622		41,258
Computer equipment and software	83,133		74,296
Store equipment	84,929		61,830
Leasehold improvements	322,181		262,387
Finance lease ROU assets	24,286		18,809
Vehicles	15,007		14,440
Construction in progress	28,113		55,593
Total property and equipment	737,453		618,752
Less: accumulated depreciation	(265,649)		(209,301)
Total property and equipment, net	$	471,804	$	409,451

The following table presents a summary of the Company’s cloud computing assets:


(in thousands)	December 27, 2025		December 28, 2024
			As Restated
Cloud computing assets in-service	$	126,967	$	95,252
Cloud computing assets not-in-service	7,939		27,318
Total cloud computing arrangements	134,906		122,570
Less: accumulated amortization	(28,329)		(12,754)
Total cloud computing arrangements, net	$	106,577	$	109,816

Intangible assets with definite lives are being amortized on a straight-line basis over the estimated useful life of each asset as follows:

Intangible assets for the years ended December 27, 2025 and December 28, 2024 are as follows:


(in thousands)	Balance at December 27, 2025
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Definite Lived Amortizable
Franchise agreements	$	219,876	$	(87,236)	$	132,640
License agreements	11,957		(8,507)		3,450
Membership agreements	11,600		(9,180)		2,420
Customer relationships	82,645		(23,585)		59,060
Developed technology	25,764		(24,162)		1,602
Trademarks and other	14,243		(13,903)		340
Total definite lived amortizable	366,085		(166,573)		199,512
Indefinite-Lived
Trademarks	418,337		—		418,337
Total	$	784,422	$	(166,573)	$	617,849

	Balance at December 28, 2024
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Definite Lived Amortizable
Franchise agreements	$	219,044	$	(77,513)	$	141,531
License agreements	11,893		(7,132)		4,761
Membership agreements	11,600		(7,673)		3,927
Customer relationships	82,108		(17,224)		64,884
Developed technology	25,561		(22,433)		3,128
Trademarks and other	14,244		(13,696)		548
Total definite lived amortizable	364,450		(145,671)		218,779
Indefinite-Lived
Trademarks	416,015		—		416,015
Total	$	780,465	$	(145,671)	$	634,794

Financial assets and liabilities measured at fair value on a recurring basis as of December 27, 2025 and December 28, 2024 are summarized as follows:


Items Measured at Fair Value at December 27, 2025
(in thousands)	Level 1		Level 2		Total

Derivative assets, recorded in other assets	$	—	$	4,313	$	4,313
Derivative liabilities, recorded in accrued expenses and other liabilities	—		5,732		5,732


Items Measured at Fair Value at December 28, 2024
As Restated
(in thousands)	Level 1		Level 2		Total

Derivative assets, recorded in other assets	$	—	$	5,703	$	5,703
Derivative liabilities, recorded in accrued expenses and other liabilities	—		19		19

The carrying value and estimated fair value of total long-term debt were as follows: