v3.26.1
Leases
 6 Months Ended
Jun. 27, 2026
Leases [Abstract]  
Leases Leases
During the six months ended June 27, 2026, the Company sold twelve Take 5 properties for a total of $23 million. During the six months ended June 28, 2025, the Company sold twelve Take 5 properties for a total of $21 million. Concurrently with the closing of these sales, the Company entered into various operating lease agreements pursuant to which the Company leased back the properties. These lease agreements each have an initial term of 20 years and provide the Company with the option of extending the lease for up to 20 additional years. The Company does not include option periods in its determination of the lease term unless renewals are deemed reasonably certain to be exercised. The Company recorded operating lease right-of-use assets and operating lease liabilities of $17 million as of June 27, 2026 and $15 million as of June 28, 2025 related to these lease arrangements. The Company recorded gains of $1 million and $2 million for the three and six months ended June 27, 2026, respectively, and a gain of $1 million and a loss of $1 million for the three and six months ended June 28, 2025, respectively.
Supplemental cash flow information related to the lease arrangements was as follows:
Six Months Ended
(in thousands)June 27, 2026June 28, 2025
As Restated
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases$42,355 $38,946 
Operating cash flows used in finance leases1,142 543 
Financing cash flows used in finance leases3,460 1,666 
Right-of-use assets obtained in exchange for lease obligation:
Operating leases$70,451 $49,377 
Finance leases4,595 4,063 
Leases Leases
During the six months ended June 27, 2026, the Company sold twelve Take 5 properties for a total of $23 million. During the six months ended June 28, 2025, the Company sold twelve Take 5 properties for a total of $21 million. Concurrently with the closing of these sales, the Company entered into various operating lease agreements pursuant to which the Company leased back the properties. These lease agreements each have an initial term of 20 years and provide the Company with the option of extending the lease for up to 20 additional years. The Company does not include option periods in its determination of the lease term unless renewals are deemed reasonably certain to be exercised. The Company recorded operating lease right-of-use assets and operating lease liabilities of $17 million as of June 27, 2026 and $15 million as of June 28, 2025 related to these lease arrangements. The Company recorded gains of $1 million and $2 million for the three and six months ended June 27, 2026, respectively, and a gain of $1 million and a loss of $1 million for the three and six months ended June 28, 2025, respectively.
Supplemental cash flow information related to the lease arrangements was as follows:
Six Months Ended
(in thousands)June 27, 2026June 28, 2025
As Restated
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases$42,355 $38,946 
Operating cash flows used in finance leases1,142 543 
Financing cash flows used in finance leases3,460 1,666 
Right-of-use assets obtained in exchange for lease obligation:
Operating leases$70,451 $49,377 
Finance leases4,595 4,063