v3.26.1
Acquisitions and Divestitures (Tables) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 28, 2026
Jun. 29, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]      
Calculation for Loss on Divestiture  
As a result of KKDC’s ownership interest decreasing to 20%, KKI deconsolidated W.K.S. Krispy Kreme from the Company’s Condensed Consolidated Financial Statements and recorded a loss on divestiture of $33.8 million (gross of income taxes) which is included within Gain on refranchising in the Condensed Consolidated Statements of Operations. The loss on divestiture was recognized upon the deconsolidation of W.K.S. Krispy Kreme on March 23, 2026. Accordingly, the following table reflects the calculation of the one-time loss recognized as of the transaction date and is not presented for the first two quarters of 2026. The loss recognized was calculated as follows:
As of March 29, 2026
Cash proceeds, net of cash disposed$53,487 
Seller note received
40,404
Fair value of retained noncontrolling interest in W.K.S. Krispy Kreme - common and preferred shares
14,831 
Carrying value of California Assets, Hawaii Assets, and former redeemable noncontrolling interest in W.K.S Krispy Kreme 4,150 
Less: Carrying value of California Assets, Hawaii Assets, and net assets of W.K.S. Krispy Kreme, including cash and cash equivalents (1)
(140,999)
Less: Direct costs to sell
(1,508)
Loss on divestiture$(33,785)
(1) The net book value of W.K.S. Krispy Kreme represents the carrying value of the net assets contributed by Krispy Kreme, Inc. in exchange for the consideration transferred and is presented net of the redeemable noncontrolling interest described in the table above. The gross carrying value of W.K.S. Krispy Kreme’s net assets, before giving effect to the redeemable noncontrolling interest, was approximately $145 million.
  
Purchase of equity method investment $ 2,100   $ 2,140