v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jul. 01, 2026
Jun. 25, 2025
OPERATING ACTIVITIES    
Net income (including amounts attributable to non-controlling interests) $ 16,588,000 $ 22,996,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 59,837,000 53,088,000
Amortization of debt issuance costs 524,000 524,000
Amortization of cloud computing assets 1,043,000 1,166,000
Non-cash operating lease cost 50,624,000 42,250,000
Equity-based compensation 9,082,000 9,750,000
Deferred income taxes 3,002,000 3,785,000
Non-cash interest 27,000 46,000
Impairments, loss on disposal of assets, and Shack closures 1,292,000 2,938,000
Changes in operating assets and liabilities:    
Accounts receivable (1,695,000) (1,514,000)
Inventories (177,000) (14,000)
Prepaid expenses and other current assets (12,529,000) (2,162,000)
Other assets (5,125,000) (3,978,000)
Accounts payable 1,573,000 (2,164,000)
Accrued expenses (14,019,000) 12,947,000
Accrued wages and related liabilities (2,306,000) (2,128,000)
Other current liabilities 575,000 (343,000)
Operating lease liabilities (43,987,000) (44,356,000)
Other long-term liabilities 1,133,000 3,389,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 65,462,000 96,220,000
INVESTING ACTIVITIES    
Purchases of property and equipment (104,901,000) (67,438,000)
NET CASH USED IN INVESTING ACTIVITIES (104,901,000) (67,438,000)
FINANCING ACTIVITIES    
Payments on principal of finance leases (3,254,000) (2,631,000)
Distributions paid to non-controlling interest holders (2,817,000) (857,000)
Payments under tax receivable agreement, including interest (977,000) (24,000)
Net proceeds from stock option exercises 69,000 123,000
Employee withholding taxes related to net settled equity awards (5,738,000) (9,300,000)
NET CASH USED IN FINANCING ACTIVITIES (12,717,000) (12,689,000)
Effect of exchange rate changes on cash and cash equivalents (5,000) (3,000)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (52,161,000) 16,090,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 360,123,000 320,714,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 307,962,000 $ 336,804,000