Leases - Suja Life Holdings, L.P.

3 Months Ended

Mar. 30, 2026

Lessee, Lease, Description [Line Items]

Lessee Accounting

The Company has both finance and operating leases. The finance leases are solely comprised of the Company’s commercial-use vehicles and equipment, maturing in dates ranging from 2026 to 2030, including expected renewal options. Including all renewal options available to the Company, the lease maturity date may extend on a month-to-month basis for an unlimited period of time. Operating leases consist of real estate and vehicle leases, maturing in dates ranging from 2026 to 2033. The Company has elected the practical expedient under ASC 842 to account for lease and non-lease components as a single lease component for its real estate, vehicle, and equipment leases.

Leases were included on the Company’s condensed consolidated balance sheets as follows:


($ in thousands)	March 30, 2026			December 29, 2025
Finance Leases:
Right-of-use assets, gross	$	522		$	522
Accumulated depreciation	(362)			(326)
Right-of-use assets, net(1)	$	160		$	196
Current portion of finance lease obligations	$	63		$	110
Long-term finance lease obligations	89			98
Total lease obligation	$	152		$	208
Weighted average remaining lease term	2.8 years			2.4 years
Weighted average discount rate	8.0		%	8.0		%
Operating Leases:
Right-of-use assets, net	$	22,766		$	23,387
Current portion of operating lease obligations	$	2,519		$	2,450
Long-term operating lease obligations	23,382			24,051
Total lease obligations	$	25,901		$	26,501
Weighted average remaining lease term	6.9 years			7.1 years
Weighted average discount rate	7.0		%	7.0		%

___________________

(1)Finance lease right-of-use assets, net are included in other assets on the Company’s condensed consolidated balance sheet.

The components of lease expense are as follows:


	For the Three Months Ended
($ in thousands)	March 30, 2026		March 31, 2025
Finance lease cost:
Amortization of right-of-use asset	$	36	$	39
Interest on lease obligations	3		7
Total finance lease cost	$	39	$	46
Operating lease cost	$	1,062	$	919


Short-term lease cost	$	264	$	187
Variable lease cost(1)	$	166	$	253

___________________

(1)Consists primarily of common area maintenance, real estate taxes, utilities, operating expenses, and insurance for real estate leases; insurance and personal property expense for equipment leases; and certain vehicle related charges for finance leases that vary based on actual usage, activity, or other factors that do not depend on an index or rate and therefore are excluded from the measurement of lease liabilities and right-of-use assets.

Supplemental cash flow information related to leases is as follows:


	For the Three Months Ended
($ in thousands)		March 30, 2026		December 29, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	(1,041)	$	(3,913)
Financing cash flows from finance leases		$	(59)	$	(170)

Future maturities of the Company’s finance and operating lease obligations as of March 30, 2026 were as follows:


($ in thousands)	Finance Leases		Operating Leases
Remainder of 2026	$	60	$	4,205
2027	44		4,302
2028	44		4,428
2029	20		4,580
2030	—		4,743
Thereafter	—		10,787
Total lease payments	168		33,045
Less: interest	(16)		(7,144)
	$	152	$	25,901

Leases

Lessee Accounting

Leases were included on the Company’s condensed consolidated balance sheets as follows:


($ in thousands)	March 30, 2026			December 29, 2025
Finance Leases:
Right-of-use assets, gross	$	522		$	522
Accumulated depreciation	(362)			(326)
Right-of-use assets, net(1)	$	160		$	196
Current portion of finance lease obligations	$	63		$	110
Long-term finance lease obligations	89			98
Total lease obligation	$	152		$	208
Weighted average remaining lease term	2.8 years			2.4 years
Weighted average discount rate	8.0		%	8.0		%
Operating Leases:
Right-of-use assets, net	$	22,766		$	23,387
Current portion of operating lease obligations	$	2,519		$	2,450
Long-term operating lease obligations	23,382			24,051
Total lease obligations	$	25,901		$	26,501
Weighted average remaining lease term	6.9 years			7.1 years
Weighted average discount rate	7.0		%	7.0		%

___________________

(1)Finance lease right-of-use assets, net are included in other assets on the Company’s condensed consolidated balance sheet.

The components of lease expense are as follows:


	For the Three Months Ended
($ in thousands)	March 30, 2026		March 31, 2025
Finance lease cost:
Amortization of right-of-use asset	$	36	$	39
Interest on lease obligations	3		7
Total finance lease cost	$	39	$	46
Operating lease cost	$	1,062	$	919


Short-term lease cost	$	264	$	187
Variable lease cost(1)	$	166	$	253

___________________

Supplemental cash flow information related to leases is as follows:


	For the Three Months Ended
($ in thousands)		March 30, 2026		December 29, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	(1,041)	$	(3,913)
Financing cash flows from finance leases		$	(59)	$	(170)

Future maturities of the Company’s finance and operating lease obligations as of March 30, 2026 were as follows:


($ in thousands)	Finance Leases		Operating Leases
Remainder of 2026	$	60	$	4,205
2027	44		4,302
2028	44		4,428
2029	20		4,580
2030	—		4,743
Thereafter	—		10,787
Total lease payments	168		33,045
Less: interest	(16)		(7,144)
	$	152	$	25,901