v3.25.1
NON-CONTROLLING INTERESTS
 3 Months Ended
Mar. 26, 2025
Noncontrolling Interest [Abstract]  
NON-CONTROLLING INTERESTS NON-CONTROLLING INTERESTS
Shake Shack is the primary beneficiary and sole managing member of SSE Holdings and, as a result, consolidates the financial results of SSE Holdings. The Company reports a non-controlling interest representing the economic interest held by the other members of SSE Holdings. The Third Amended and Restated Limited Liability Company Agreement, as further amended, (the "LLC Agreement") of SSE Holdings provides that holders of SSE Holdings, LLC membership interests ("LLC Interests") may, from time to time, require SSE Holdings to redeem all or a portion of their LLC Interests for newly-issued shares of Class A common stock on a one-for-one basis. In connection with any redemption or exchange, the Company will receive a corresponding number of LLC Interests, increasing the total ownership interest in SSE Holdings. Changes in the ownership interest in SSE Holdings while the Company retains its controlling interest in SSE Holdings will be accounted for as equity transactions. As such, future redemptions or direct exchanges of LLC Interests in SSE Holdings by the other members of SSE Holdings will result in a change in ownership and reduce the amount recorded as non-controlling interest and increase additional paid-in capital.
The following table summarizes the ownership interest in SSE Holdings:
March 26, 2025December 25, 2024
LLC InterestsOwnership %LLC InterestsOwnership %
Number of LLC Interests held by Shake Shack Inc.40,221,661 94.3 %40,068,068 94.2 %
Number of LLC Interests held by non-controlling interest holders2,444,789 5.7 %2,455,713 5.8 %
Total LLC Interests outstanding42,666,450 100.0 %42,523,781 100.0 %
The weighted average ownership percentages for the applicable reporting periods are used to attribute Net income and Other comprehensive income to the non-controlling interest holders and were as follows:
Thirteen Weeks Ended
March 26
2025		March 27
2024
Non-controlling interest holders' weighted average ownership percentages5.8 %6.7 %
The following table summarizes the effects of changes in ownership of SSE Holdings on the Company's equity:
Thirteen Weeks Ended
March 26
2025		March 27
2024
Net income attributable to Shake Shack Inc.$4,245 $2,040 
Other comprehensive loss:
Unrealized holding loss on foreign currency translation adjustment(1)(1)
Transfers (to) from non-controlling interests:
Increase (decrease) in additional paid-in capital as a result of the redemption of LLC Interests(319)286 
Decrease in additional paid-in capital as a result of activity under stock compensation plan(8,342)(5,577)
Total effect of changes in ownership interest on loss attributable to Shake Shack Inc.$(4,417)$(3,252)
The following table summarizes the LLC Interests activity:
Thirteen Weeks Ended
March 26
2025		March 27
2024
LLC Interests activity under the Company's stock compensation plan
Number of LLC Interests received by Shake Shack Inc.142,669 127,567 
Redemption and acquisition of LLC Interests
Number of LLC Interests redeemed by non-controlling interest holders10,924 33,500 
Number of LLC Interests received by Shake Shack Inc.10,924 33,500 
Issuance of Class A common stock
Shares of Class A common stock issued in connection with redemptions of LLC Interests10,924 33,500 
Cancellation of Class B common stock
Shares of Class B common stock surrendered and canceled10,924 33,500