Leases (Tables)

12 Months Ended

Jan. 02, 2024

Leases [Abstract]

Schedule of Lease Costs and Supplemental Information

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

Classification		2023		2022
Assets
Operating	Operating lease assets, net	$	183,857	$	183,392
Finance	Property and equipment	3,440		5,258
Total leased assets		$	187,297	$	188,650
Liabilities
Current lease liabilities
Operating	Current operating lease liabilities	$	30,104	$	28,581
Finance	Accrued expenses and other current liabilities	2,337		2,210
Long-term lease liabilities
Operating	Long-term operating lease liabilities	186,285		187,320
Finance	Other long-term liabilities	1,469		3,520
Total lease liabilities		$	220,195	$	221,631

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

		Year Ended		Year Ended		Year Ended
Classification		January 2, 2024		January 3, 2023		December 28, 2021
Operating lease cost	Occupancy, other restaurant operating costs, general and administrative expenses, and pre-opening costs	$	39,192	$	38,514	$	39,075
	Closure costs, loss on disposals and other	2,929		3,071		1,598
Finance lease cost
Amortization of lease assets	Depreciation and amortization	2,270		2,250		2,128
Interest on lease liabilities	Interest expense, net	297		401		487
		44,688		44,236		43,288
Sublease income	Franchising royalties and fees, and other	(3,087)		(3,242)		(1,832)
Total lease cost, net		$	41,601	$	40,994	$	41,456

Lease term and discount rate are as follows:

	January 2, 2024		January 3, 2023
Weighted average remaining lease term (years):
Operating	8.3		7.9
Finance	2.0		2.6
Weighted average discount rate:
Operating	8.0	%	8.0	%
Finance	6.5	%	6.4	%

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

Cash paid for lease liabilities:	2023		2022
Operating leases	$	42,731	$	45,158
Finance leases	2,672		2,391
	$	45,403	$	47,549
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	27,385	$	19,584
Finance leases	462		1,346
	$	27,847	$	20,930

Schedule of Future Minimum Lease Payments for Finance Leases

Future minimum lease payments required under existing leases as of January 2, 2024 are as follows (in thousands):

	Operating Leases		Finance Leases		Total
2024	$	39,683	$	2,494	$	42,177
2025	45,171		1,241		46,412
2026	41,377		139		41,516
2027	36,954		83		37,037
2028	30,995		45		31,040
Thereafter	100,080		46		100,126
Total lease payments	294,260		4,048		298,308
Less: Imputed interest	77,871		242		78,113
Present value of lease liabilities	$	216,389	$	3,806	$	220,195

Schedule of Future Minimum Lease Payments for Operating Leases

Future minimum lease payments required under existing leases as of January 2, 2024 are as follows (in thousands):

	Operating Leases		Finance Leases		Total
2024	$	39,683	$	2,494	$	42,177
2025	45,171		1,241		46,412
2026	41,377		139		41,516
2027	36,954		83		37,037
2028	30,995		45		31,040
Thereafter	100,080		46		100,126
Total lease payments	294,260		4,048		298,308
Less: Imputed interest	77,871		242		78,113
Present value of lease liabilities	$	216,389	$	3,806	$	220,195