Quarterly report [Sections 13 or 15(d)]

Leases

v3.25.3
Leases
9 Months Ended
Oct. 05, 2025
Leases [Abstract]  
Leases Leases
The components of lease expense, including variable lease costs primarily consisting of common area maintenance charges and real estate taxes, are included in Occupancy on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) as follows (in thousands):
Twelve Weeks Ended Forty Weeks Ended
October 5, 2025 October 6, 2024 October 5, 2025 October 6, 2024
Operating lease cost $ 16,732  $ 17,339  $ 56,737  $ 57,757 
Finance lease cost:
Amortization of right of use assets 216  216  670  720 
Interest on lease liabilities 88  96  306  339 
Total finance lease cost $ 304  $ 312  $ 976  $ 1,059 
Variable lease cost 4,599  4,445  15,443  14,886 
Total $ 21,635  $ 22,096  $ 73,156  $ 73,702 

Finance lease assets are recorded in Property and equipment, net, and the net balance as of October 5, 2025 and December 29, 2024 was $4.6 million and $5.3 million, respectively.

See Note 5 for information regarding restaurant closures, lease remeasurement gains and losses, and the sale-leaseback transaction completed during the forty weeks ended October 6, 2024.