v3.26.3
Leases (Tables)
9 Months Ended
Sep. 27, 2026
Leases  
Schedule of components of lease expense

The components of lease expense for the nine periods ended September 27, 2026 and the nine periods ended September 28, 2025 are as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

September 27,

 

September 28,

 

​

​

2026

 

2025

 

Lease cost

​

​

​

​

​

​

​

Operating lease cost

 

$

35,111

 

$

34,756

​

Finance lease cost

​

​

​

​

​

​

​

Amortization of ROU assets

​

​

152

​

​

155

​

Interest on lease liabilities

​

​

48

​

​

65

​

Total finance lease cost

​

​

200

​

​

220

​

Variable lease cost (1)

​

​

17,032

​

​

14,620

​

Short-term lease cost

​

​

2,862

​

​

3,073

​

Total lease cost

 

$

55,205

 

$

52,669

​

​

​

​

​

​

​

​

​

Weighted average remaining lease term

​

​

​

​

​

​

​

Operating leases

​

​

12 years

​

​

13 years

​

Finance leases

​

​

2 years

​

​

3 years

​

Weighted average discount rate

​

​

​

​

​

​

​

Operating leases

​

​

10.47

%

​

10.40

%

Finance leases

​

​

11.14

%

​

11.14

%

(1)Variable lease cost is comprised of percentage rent and common area maintenance.

​

Summary of components of finance lease assets and liabilities on the condensed consolidated balance sheet

The components of finance lease assets and liabilities on the condensed consolidated balance sheet were as follows (in thousands):

​

​

​

​

​

​

​

​

  ​ ​ ​

September 27,

  ​ ​ ​

December 28,

​

​

2026

​

2025

Finance lease right-of-use assets (1)

​

$

430

​

$

573

Current portion of finance lease liabilities (1)

​

 

209

​

 

191

Long-term portion of finance lease liabilities (1)

​

​

278

​

​

457

(1)Finance lease assets and liabilities are included in other assets, other current liabilities, and other long-term liabilities on the condensed consolidated balance sheet.
Schedule of supplemental cash flow information related to leases

Supplemental cash flow information related to leases for the period was as follows (in thousands):

​

​

​

​

​

​

​

​

​

September 27,

​

September 28,

​

​

2026

​

2025

Cash paid for amounts included in the measurement of lease liabilities:

 

​

​

​

​

​

Operating cash flows from operating leases

​

$

27,341

​

$

31,309

Operating cash flows from finance leases

​

$

152

​

$

155

Financing cash flows from finance leases

​

$

172

​

$

252

Right-of-use assets obtained in exchange for lease obligations:

​

​

​

​

​

​

Operating leases

​

$

21,456

​

$

4,608

Schedule of maturities of operating lease liabilities

As of September 27, 2026, maturities of the Company’s operating lease liabilities are as follows (in thousands):

​

​

​

​

​

2026, three periods remaining

​

$

10,157

2027

​

​

45,643

2028

​

​

50,956

2029

​

​

49,968

2030

​

​

49,702

Thereafter

​

​

390,225

Total lease payments

​

​

596,651

Less: imputed interest

​

​

(276,343)

Present value of operating lease liabilities

 

$

320,308

Schedule of maturities of finance lease liabilities

As of September 27, 2026, maturities of the Company’s finance lease liabilities are as follows (in thousands):

​

​

​

​

​

2026, three periods remaining

​

$

66

2027

​

​

253

2028

​

​

231

Total lease payments

​

​

550

Less: imputed interest

​

​

(63)

Present value of finance lease liabilities

 

$

487

​