Leases (Tables)
|
3 Months Ended |
Apr. 04, 2026 |
|---|
| Leases [Abstract] |
|
| Summary of Lease Costs |
The following table summarizes lease costs for the thirteen weeks ended April 4, 2026 and March 29, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Thirteen Weeks Ended April 4, 2026 |
|
|
|
With Affiliates |
|
|
With Third Parties |
|
|
Total |
|
Lease cost |
|
|
|
|
|
|
|
|
|
Operating lease cost |
|
$ |
7,482 |
|
|
$ |
5,881 |
|
|
$ |
13,363 |
|
Short-term lease cost |
|
|
349 |
|
|
|
72 |
|
|
|
421 |
|
Variable lease cost |
|
|
236 |
|
|
|
1,315 |
|
|
|
1,551 |
|
Total lease cost |
|
$ |
8,067 |
|
|
$ |
7,268 |
|
|
$ |
15,335 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Thirteen Weeks Ended March 29, 2025 |
|
|
|
With Affiliates |
|
|
With Third Parties |
|
|
Total |
|
Lease cost |
|
|
|
|
|
|
|
|
|
Operating lease cost |
|
$ |
2,732 |
|
|
$ |
6,578 |
|
|
$ |
9,310 |
|
Short-term lease cost |
|
|
211 |
|
|
|
3,882 |
|
|
|
4,093 |
|
Variable lease cost |
|
|
188 |
|
|
|
1,515 |
|
|
|
1,703 |
|
Total lease cost |
|
$ |
3,131 |
|
|
$ |
11,975 |
|
|
$ |
15,106 |
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of Other Lease Related Information |
The following table summarizes other lease related information as of and for the thirteen week periods ended April 4, 2026 and March 29, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Thirteen Weeks Ended April 4, 2026 |
|
|
|
With
Affiliates |
|
|
With Third
Parties |
|
|
Total |
|
Other information |
|
|
|
|
|
|
|
|
|
Cash paid for amounts included in the measurement of operating leases |
|
$ |
6,605 |
|
|
$ |
5,792 |
|
|
$ |
12,397 |
|
Right-of-use assets obtained in exchange for new operating lease liabilities |
|
$ |
— |
|
|
$ |
3,478 |
|
|
$ |
3,478 |
|
Weighted-average remaining lease term (in years) |
|
|
8.5 |
|
|
|
3.2 |
|
|
|
7.5 |
|
Weighted-average discount rate |
|
|
11.4 |
% |
|
|
6.2 |
% |
|
|
10.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Thirteen Weeks Ended March 29, 2025 |
|
|
|
With
Affiliates |
|
|
With Third
Parties |
|
|
Total |
|
Other information |
|
|
|
|
|
|
|
|
|
Cash paid for amounts included in the measurement of operating leases |
|
$ |
2,748 |
|
|
$ |
6,836 |
|
|
$ |
9,584 |
|
Right-of-use assets obtained in exchange for new operating lease liabilities |
|
$ |
30,620 |
|
|
$ |
40 |
|
|
$ |
30,660 |
|
Weighted-average remaining lease term (in years) |
|
|
6.9 |
|
|
|
2.8 |
|
|
|
4.7 |
|
Weighted-average discount rate |
|
|
6.6 |
% |
|
|
6.1 |
% |
|
|
6.4 |
% |
|
| Schedule of Future Minimum Lease Payments Under Operating Leases |
Future minimum lease payments under these operating leases as of April 4, 2026 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With Affiliates |
|
|
With Third Parties |
|
|
Total |
|
2026 (remaining) |
|
$ |
19,127 |
|
|
$ |
16,785 |
|
|
$ |
35,912 |
|
2027 |
|
|
24,329 |
|
|
|
16,765 |
|
|
|
41,094 |
|
2028 |
|
|
24,927 |
|
|
|
8,173 |
|
|
|
33,100 |
|
2029 |
|
|
25,058 |
|
|
|
4,324 |
|
|
|
29,382 |
|
2030 |
|
|
25,632 |
|
|
|
1,373 |
|
|
|
27,005 |
|
Thereafter |
|
|
97,418 |
|
|
|
855 |
|
|
|
98,273 |
|
Total required lease payments |
|
$ |
216,491 |
|
|
$ |
48,275 |
|
|
$ |
264,766 |
|
Less amounts representing interest |
|
|
|
|
|
|
|
|
(84,416 |
) |
Present value of lease liabilities |
|
|
|
|
|
|
|
$ |
180,350 |
|
|
|
|
|
|
|
|
|
|
|
|