Leases (Tables)

12 Months Ended

Jan. 03, 2023

Leases [Abstract]

Schedule of Lease Costs and Supplemental Information

Supplemental balance sheet information related to leases is as follows (in thousands):

Classification		2022		2021
Assets
Operating	Operating lease assets, net	$	183,392	$	188,440
Finance	Property and equipment	5,258		6,394
Total leased assets		$	188,650	$	194,834
Liabilities
Current lease liabilities
Operating	Current operating lease liabilities	$	28,581	$	26,617
Finance	Accrued expenses and other current liabilities	2,210		1,956
Long-term lease liabilities
Operating	Long-term operating lease liabilities	187,320		200,243
Finance	Other long-term liabilities	3,520		4,654
Total lease liabilities		$	221,631	$	233,470

The components of lease costs are as follows (in thousands):

		Year Ended		Year Ended
Classification		January 3, 2023		December 28, 2021
Operating lease cost	Occupancy, other restaurant operating costs, general and administrative expenses, and pre-opening costs	$	38,514	$	39,075
	Closure costs, loss on disposals and other	3,071		1,598
Finance lease cost
Amortization of lease assets	Depreciation and amortization	2,250		2,128
Interest on lease liabilities	Interest expense, net	401		487
		44,236		43,288
Sublease income	Franchising royalties and fees, and other	(3,242)		(1,832)
Total lease cost, net		$	40,994	$	41,456

Lease term and discount rate are as follows:

	January 3, 2023		December 28, 2021
Weighted average remaining lease term (years):
Operating	7.9		8.1
Finance	2.6		3.4
Weighted average discount rate:
Operating	8.0	%	8.2	%
Finance	6.4	%	6.5	%

Supplemental disclosures of cash flow information related to leases are as follows (in thousands):

Cash paid for lease liabilities:	2022		2021
Operating leases	$	45,158	$	42,231
Finance leases	2,391		2,413
	$	47,549	$	44,644
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	19,584	$	15,642
Finance leases	1,346		701
	$	20,930	$	16,343

Schedule of Future Minimum Lease Payments for Finance Leases

Future minimum lease payments required under existing leases as of January 3, 2023 are as follows (in thousands):

	Operating Leases		Finance Leases		Total
2023	$	38,869	$	2,591	$	41,460
2024	43,107		2,350		45,457
2025	41,592		1,119		42,711
2026	37,879		37		37,916
2027	33,483		34		33,517
Thereafter	94,198		64		94,262
Total lease payments	289,128		6,195		295,323
Less: Imputed interest	73,227		465		73,692
Present value of lease liabilities	$	215,901	$	5,730	$	221,631

Schedule of Future Minimum Lease Payments for Operating Leases

Future minimum lease payments required under existing leases as of January 3, 2023 are as follows (in thousands):

	Operating Leases		Finance Leases		Total
2023	$	38,869	$	2,591	$	41,460
2024	43,107		2,350		45,457
2025	41,592		1,119		42,711
2026	37,879		37		37,916
2027	33,483		34		33,517
Thereafter	94,198		64		94,262
Total lease payments	289,128		6,195		295,323
Less: Imputed interest	73,227		465		73,692
Present value of lease liabilities	$	215,901	$	5,730	$	221,631