v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 28, 2026
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Leases
The Company included the following amounts related to operating and finance lease assets and liabilities within the Condensed Consolidated Balance Sheets:
As of
June 28, 2026December 28, 2025
Assets
Classification
Operating lease
Operating lease right of use assets, net
$350,029 $395,523 
Finance leaseProperty and equipment, net42,080 53,233 
Total lease assets$392,109 $448,756 
Liabilities
Current
Operating leaseCurrent operating lease liabilities$46,951 $51,213 
Finance leaseCurrent portion of long-term debt16,286 21,614 
Noncurrent
Operating leaseNoncurrent operating lease liabilities351,011 395,895 
Finance leaseLong-term debt, less current portion45,381 56,280 
Total lease liabilities$459,629 $525,002 
Schedule of Lease Costs and Supplemental Cash Flow Information Related to Leases
Lease costs were as follows:
Quarter Ended Two Quarters Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Lease costClassification
Operating lease costSelling, general and administrative expense$691 $736 $1,329 $1,537 
Operating lease costOperating expenses19,457 22,988 41,547 45,101 
Short-term lease costOperating expenses303 1,562 777 2,745 
Variable lease costsOperating expenses5,974 8,078 12,023 15,075 
Sublease incomeRoyalties and other revenues(906)(92)(985)(176)
Finance lease cost:
 
 
Amortization of right of use assetsDepreciation and amortization expense$3,267 $5,746 $7,125 $11,042 
Interest on lease liabilitiesInterest expense, net962 1,524 2,067 2,988 
Supplemental disclosures of cash flow information related to leases were as follows:
Two Quarters Ended
June 28, 2026June 29, 2025
Other information
Cash paid for leases:
Operating cash flows for operating leases (1)
$54,613 $61,102 
Operating cash flows for finance leases
2,089 2,981 
Financing cash flows for finance leases
7,343 10,744 
Right of use assets obtained in exchange for new lease liabilities:
Operating leases
$32,899 $34,018 
Finance leases
4,097 24,812 
(1)Operating cash flows for operating leases include variable rent payments, which are not included in the measurement of lease liabilities. Variable rent payments were $12.0 million for the two quarters ended June 28, 2026 and $15.1 million for the two quarters ended June 29, 2025.