Quarterly report [Sections 13 or 15(d)]

Other (Gains) Charges, net

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Other (Gains) Charges, net
 4 Months Ended
Apr. 19, 2026
Other Income and Expenses [Abstract]  
Other Charges (Gains), net Other (Gains) Charges, net
Other (gains) charges, net consisted of the following (in thousands):
Sixteen Weeks Ended
April 19, 2026 April 20, 2025
Asset impairment and restaurant closure costs, net $ 1,753  $ 210 
Gain on sale of restaurant property —  (1,137)
Severance and executive transition(1)
70  880 
Litigation contingencies 87  12 
Asset disposal and other, net 2,920  711 
Other (gains) charges, net $ 4,830  $ 676 
(1) Severance and executive transition included $0 and $(225) of stock-based compensation (benefit) expense in the sixteen weeks ended April 19, 2026 and April 20, 2025, respectively.
Asset Impairment and Restaurant Closure Costs, net
Asset impairment and restaurant closure costs, net consisted of the following (in thousands, except for location data):
Sixteen Weeks Ended
April 19, 2026 April 20, 2025
Number of non-operating locations
 11 9
Non-operating location rent, restaurant closure costs, and other
 $ 1,568  $ 928 
Number of impaired locations
 1  — 
Non-cash impairment
 $ 549  $ — 
Number of locations with lease remeasurement
 3 3
Net lease remeasurement (gain) loss
 $ (364) $ (718)
Total asset impairment and restaurant closure costs, net
 $ 1,753  $ 210 
Gain on Sale of Restaurant Property
During the first quarter of fiscal 2025, the Company sold three restaurant properties for total proceeds of $5.8 million that resulted in a gain, net of expenses, of $1.1 million. The net proceeds were included within cash flows from investing activities on the Condensed Consolidated Statements of Cash Flows for the first quarter of fiscal 2025 and were used to repay long-term debt.
Severance and Executive Transition
Severance and executive transition consisted of the following (in thousands):
Sixteen Weeks Ended
April 19, 2026 April 20, 2025
Executive severance
 $ 51  $ 1,099 
Stock-based compensation
 —  (225)
Team member severance
 19  6 
Total severance and executive transition
 $ 70  $ 880 
As of April 19, 2026 and April 20, 2025, $1.4 million and $0.5 million, respectively, was included in accrued payroll and payroll related liabilities in the Condensed Consolidated Balance Sheet related to the executive transition costs described above.
Litigation Contingencies
For the sixteen weeks ended April 19, 2026 and April 20, 2025, the Company recorded certain accruals associated with litigation contingencies. See Note 8. Commitments and Contingencies, for further discussion.
Asset Disposal and Other
Asset disposal and other primarily related to asset disposals, strategic projects and other non-recurring items.
On February 23, 2026, the Company voluntarily terminated its $40.0 million at-the-market equity offering program, which had been established on November 10, 2025. No shares were issued or sold under the program. The Company incurred $0.5 million of related stock issuance costs, which were initially recorded within paid-in capital on the December 28, 2025 Consolidated Balance Sheet, and subsequently reclassified to other (gains) charges, net within the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) as of April 19, 2026 upon termination of the offering.