Related Party Transactions |
9 Months Ended |
|---|---|
Sep. 26, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | O. Related Party Transactions
In 2019, as part of the merger with Dogfish Head, the Company entered into a lease with the Dogfish Head founders and other owners of buildings used in certain of the Company’s restaurant operations. The lease is for ten years with renewal options. The total payments due under the initial ten year term is $3.6 million. Total related party expense recognized for the thirteen weeks ended September 26, 2026 and September 27, 2025 related to the lease was approximately $0.1 million. Total related party expense recognized for the thirty-nine weeks ended September 26, 2026 and September 27, 2025 related to the lease was approximately $0.3 million and $0.2 million, respectively. Additionally, during the thirteen and thirty-nine weeks ended September 26, 2026 and September 27, 2025, the Company incurred expenses of less than $0.1 million to various other suppliers affiliated with the Dogfish Head founders.
Effective August 15, 2025, Jim Koch assumed the role of Chief Executive Officer, succeeding Michael Spillane. Prior to this appointment, Mr. Koch served as Brewer, Founder, and Chairman of the Board, during which time in 2025, he did not receive salary, bonus, or equity compensation. Upon assuming the CEO role, Mr. Koch has elected to continue forgoing salary and bonus, and no new equity awards have been granted. He also holds no unvested equity awards that would be subject to expense recognition. |