Related Party Transactions

6 Months Ended

Jun. 29, 2024

Related Party Transactions [Abstract]

Related Party Transactions

O. Related Party Transactions

In connection with the Dogfish Head Transaction, the Company entered into a lease with the Dogfish Head founders and other owners of buildings used in certain of the Company’s restaurant operations. The lease is for ten years with renewal options. The total payments due under the initial ten-year term is $3.6 million. Total related parties expense recognized related to the lease was $91,000 for the thirteen weeks ended June 29, 2024 and July 1, 2023. Additionally, the Company incurred expenses of less than $25,000 to various other suppliers affiliated with the Dogfish Head founders during the thirteen weeks ended June 29, 2024 and July 1, 2023. Total related parties expense recognized related to the lease was $183,000 for the twenty-six weeks ended June 29, 2024 and July 1, 2023. Additionally, the Company incurred expenses of less than $50,000 to various other suppliers affiliated with the Dogfish Head founders during the twenty-six weeks ended June 29, 2024 and July 1, 2023.