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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 26, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 5,344 $ (1,273)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,944 5,670
Amortization of debt issuance costs and discount 190 431
Loss on sales of assets 76 118
Equity-based compensation 2,827 3,537
Deferred income tax benefit (1,137) (559)
Tax Receivable Agreement liability adjustment (561) (584)
Gift card breakage (300) (329)
Loss on debt extinguishment 0 3,465
Changes in operating assets and liabilities:    
Accounts receivable (179) 499
Receivables from related parties (37) (101)
Inventory 223 2,128
Other current assets 1,228 (957)
Operating lease assets 2,213 2,081
Accounts payable (3,500) (3,160)
Accrued expenses and other liabilities (3,792) (4,513)
Operating lease liabilities (1,025) (798)
Deferred lease incentives 942 850
Other assets and liabilities (379) (19)
NET CASH PROVIDED BY OPERATING ACTIVITIES 9,077 6,486
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (16,939) (20,216)
Proceeds from the sale of property and equipment 0 26
NET CASH USED IN INVESTING ACTIVITIES (16,939) (20,190)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short-term debt, net 17,000 10,000
Proceeds from long-term debt 0 300,000
Payments of long-term debt (1,875) (322,428)
Proceeds from equity offering, net of underwriting discounts 114,960 166,400
Repurchase of outstanding equity / Portillo's OpCo units (114,960) (166,400)
Distributions paid to non-controlling interest holders (838) 0
Proceeds from stock option exercises 632 590
Employee withholding taxes related to net settled equity awards (12) (19)
Proceeds from Employee Stock Purchase Plan purchases 130 127
Payments of Tax Receivable Agreement liability (4,429) (813)
Payment of deferred financing costs 0 (3,569)
NET CASH PROVIDED (USED) IN FINANCING ACTIVITIES 10,608 (16,112)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 2,746 (29,816)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF THE PERIOD 10,438 44,427
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF THE PERIOD 13,184 14,611
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 6,282 5,703
Income tax paid 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrued capital expenditures 12,402 4,852
Establishment of liabilities under Tax Receivable Agreement $ 33,690 $ 47,380