BJS RESTAURANTS INC, 10-K filed on 3/2/2026
Annual Report
v3.25.4
Document and Entity Information - USD ($)
 12 Months Ended
Dec. 30, 2025
Feb. 25, 2026
Jul. 01, 2025
Cover [Abstract]      
Document Type 10-K    
Amendment Flag false    
Document Period End Date Dec. 30, 2025    
Document Fiscal Year Focus 2023    
Document Fiscal Period Focus FY    
Trading Symbol BJRI    
Entity Registrant Name BJ’S RESTAURANTS, INC.    
Entity Central Index Key 0001013488    
Current Fiscal Year End Date --12-30    
Entity Well-known Seasoned Issuer Yes    
Entity Current Reporting Status Yes    
Entity Voluntary Filers No    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Entity Shell Company false    
Entity Common Stock, Shares Outstanding   21,197,187  
Entity Public Float     $ 1,003,428,121
Document Annual Report true    
Document Transition Report false    
Entity Incorporation, State or Country Code CA    
Entity Tax Identification Number 33-0485615    
Entity Address, Address Line One 7755 Center Avenue    
Entity Address, Address Line Two Suite 300    
Entity Address, City or Town Huntington Beach    
Entity Address, State or Province CA    
Entity Address, Postal Zip Code 92647    
City Area Code (714)    
Local Phone Number 500-2400    
Title of 12(b) Security Common Stock, No Par Value    
Security Exchange Name NASDAQ    
Entity Interactive Data Current Yes    
Entity File Number 0-21423    
Documents Incorporated by Reference Certain portions of the following documents are incorporated by reference into Part III of this Form 10-K: The Registrant’s Proxy Statement for the Annual Meeting of Shareholders to be held on June 11, 2026.    
Auditor Firm ID 185    
Auditor Name KPMG LLP    
Auditor Location Los Angeles, California    
Document Financial Statement Error Correction [Flag] false    
Auditor Opinion [Text Block]

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated balance sheets of BJ’s Restaurants, Inc. and subsidiaries (the Company) as of December 30, 2025 and December 31, 2024, the related consolidated statements of operations, shareholders’ equity, and cash flows for each of the years in the three-year period ended December 30, 2025, and the related notes (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 30, 2025 and December 31, 2024, and the results of its operations and its cash flows for each of the years in the three-year period ended December 30, 2025, in conformity with U.S. generally accepted accounting principles.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company’s internal control over financial reporting as of December 30, 2025, based on criteria established in Internal Control – Integrated Framework (2013)issued by the Committee of Sponsoring Organizations of the Treadway Commission, and our report dated February 27, 2026 expressed an unqualified opinion on the effectiveness of the Company’s internal control over financial reporting.

    
v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 23,781 $ 26,096
Accounts and other receivables, net 18,391 20,402
Inventories, net 13,106 12,768
Prepaid expenses and other current assets 19,647 20,299
Total current assets 74,925 79,565
Property and equipment, net 502,108 510,581
Operating lease assets 314,178 336,936
Goodwill 4,673 4,673
Equity method investment 4,083 4,266
Deferred income taxes, net 67,300 62,318
Other assets, net 48,188 42,725
Total assets 1,015,455 1,041,064
Current liabilities:    
Accounts payable 38,353 51,011
Accrued expenses 105,336 105,316
Current operating lease obligations 44,086 39,982
Total current liabilities 187,775 196,309
Long-term operating lease obligations 361,672 394,129
Long-term debt 85,000 66,500
Other liabilities 14,815 14,109
Total liabilities 649,262 671,047
Commitments and contingencies (Note 7)
Shareholders’ equity:    
Preferred stock, 5,000 shares authorized, none issued or outstanding
Common stock, no par value, 125,000 shares authorized and 21,114 and 22,697 shares issued and outstanding as of December 30, 2025 and December 31, 2024, respectively
Capital surplus 75,020 77,576
Retained earnings 291,173 292,441
Total shareholders’ equity 366,193 370,017
Total liabilities and shareholders’ equity $ 1,015,455 $ 1,041,064
v3.25.4
Consolidated Balance Sheets (Parenthetical) - $ / shares
Dec. 30, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Preferred stock, shares authorized 5,000,000 5,000,000
Preferred stock, issued 0 0
Preferred stock, outstanding 0 0
Common stock, par value $ 0 $ 0
Common stock, shares authorized 125,000,000 125,000,000
Common stock, shares issued 21,114,000 22,697,000
Common stock, shares outstanding 21,114,000 22,697,000
v3.25.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Income Statement [Abstract]      
Revenues $ 1,399,126 $ 1,357,302 $ 1,333,229
Restaurant operating costs (excluding depreciation and amortization):      
Cost of sales 353,293 350,560 346,569
Labor and benefits 504,537 495,466 491,314
Occupancy and operating 325,060 315,683 317,559
General and administrative 91,005 88,272 82,103
Depreciation and amortization 76,571 72,745 70,992
Restaurant opening 663 2,082 2,808
Loss on disposal and impairment of assets, net 1,687 18,414 8,125
Total costs and expenses 1,352,816 1,343,222 1,319,470
Income from operations 46,310 14,080 13,759
Other income (expense):      
Interest expense, net (4,745) (5,484) (4,915)
Other income (expense), net [1] 5,668 (331) 1,256
Total other income (expense) 923 (5,815) (3,659)
Income before income taxes 47,233 8,265 10,100
Income tax benefit (1,575) (8,422) (9,560)
Net income $ 48,808 $ 16,687 $ 19,660
Net income per share:      
Basic $ 2.22 $ 0.72 $ 0.84
Diluted $ 2.16 $ 0.70 $ 0.82
Weighted average number of shares outstanding:      
Basic 21,980 23,132 23,452
Diluted 22,622 23,768 23,923
[1] Included in other income (expense), net was an equity method investment loss of $0.2 million, $0.5 million and $0.2 million for fiscal 2025, 2024 and 2023, respectively. See Note 14 for further information. Also included in other income (expense), net was a $4.6 million charge related to Act III’s warrant extension for fiscal 2024. See Note 10 for further information.
v3.25.4
Consolidated Statements of Operations (Parenthetical) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Income Statement [Abstract]      
Net loss related to equity method investment $ 0.2 $ 0.5 $ 0.2
Warrant extension related expense   $ 4.6  
v3.25.4
Consolidated Statements of Shareholders' Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock [Member]
Capital Surplus [Member]
Retained Earnings [Member]
Beginning Balance at Jan. 03, 2023 $ 345,515   $ 74,459 $ 271,056
Beginning Balance (in shares) at Jan. 03, 2023   23,392    
Exercise of stock options $ 875 $ 1,073 (198)  
Exercise of stock options (in shares) 28 28    
Issuance of restricted stock units $ (573) $ 7,934 (8,507)  
Issuance of restricted stock units (in shares)   192    
Repurchase, retirement and reclassification of common stock (10,999) $ (9,007)   (1,992)
Repurchase, retirement and reclassification of common stock (in shares)   (428)    
Stock-based compensation 11,282   11,282  
Adjustment to dividends previously accrued 1     1
Net Income (Loss) 19,660     19,660
Ending Balance at Jan. 02, 2024 365,761   77,036 288,725
Ending Balance (in shares) at Jan. 02, 2024   23,184    
Exercise of stock options $ 207 $ 311 (104)  
Exercise of stock options (in shares) 7 7    
Issuance of restricted stock units $ (1,122) $ 11,842 (12,964)  
Issuance of restricted stock units (in shares)   263    
Repurchase, retirement and reclassification of common stock (25,125) $ (12,153)   (12,972)
Repurchase, retirement and reclassification of common stock (in shares)   (757)    
Extension of warrant 4,622   4,622  
Stock-based compensation 8,986   8,986  
Adjustment to dividends previously accrued 1     1
Net Income (Loss) 16,687     16,687
Ending Balance at Dec. 31, 2024 370,017   77,576 292,441
Ending Balance (in shares) at Dec. 31, 2024   22,697    
Exercise of stock options $ 7,633 $ 10,870 (3,237)  
Exercise of stock options (in shares) 213 213    
Issuance of restricted stock units $ (774) $ 6,828 (7,602)  
Issuance of restricted stock units (in shares)   209    
Repurchase, retirement and reclassification of common stock $ (67,774) $ (17,698)   (50,076)
Repurchase, retirement and reclassification of common stock (in shares) (2,000) (2,005)    
Stock-based compensation $ 8,283   8,283  
Net Income (Loss) 48,808     48,808
Ending Balance at Dec. 30, 2025 $ 366,193   $ 75,020 $ 291,173
Ending Balance (in shares) at Dec. 30, 2025   21,114    
v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Cash flows from operating activities:      
Net income $ 48,808 $ 16,687 $ 19,660
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization [1] 77,243 72,745 70,992
Non-cash lease expense 34,529 32,227 33,030
Amortization of financing costs 226 211 217
Deferred income taxes, net (4,982) (12,171) (11,835)
Stock-based compensation expense 8,115 8,629 10,902
Loss on disposal and impairment of assets, net 1,687 18,414 8,125
Extension of warrant 0 4,622 0
Equity method investment 183 504 230
Changes in assets and liabilities:      
Accounts and other receivables, net 1,972 (83) 10,776
Inventories, net (338) 1,149 (750)
Prepaid expenses and other current assets (1,534) (1,879) (5,642)
Other assets, net (6,798) (4,836) (3,227)
Accounts payable (9,199) (4,323) 6,052
Accrued expenses 20 4,035 4,070
Operating lease obligations (40,124) (37,314) (37,144)
Other liabilities 706 2,855 381
Net cash provided by operating activities 110,514 101,472 105,837
Cash flows from investing activities:      
Purchases of property and equipment (69,612) (76,900) (98,914)
Proceeds from sale of assets 43 7 3
Net cash used in investing activities (69,569) (76,893) (98,911)
Cash flows from financing activities:      
Borrowings on credit facility 1,167,324 884,600 762,000
Payments on credit facility (1,148,824) (886,100) (754,000)
Payments of debt issuance costs (845) 0 0
Taxes paid on vested stock units under employee plans (774) (1,122) (573)
Proceeds from exercise of stock options 7,633 207 875
Cash dividends accrued under stock-based compensation plans 0 (13) (32)
Repurchases of common stock (67,774) (25,125) (10,999)
Net cash used in financing activities (43,260) (27,553) (2,729)
Net (decrease) increase in cash and cash equivalents (2,315) (2,974) 4,197
Cash and cash equivalents, beginning of year 26,096 29,070 24,873
Cash and cash equivalents, end of year 23,781 26,096 29,070
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 5,107 5,256 489
Cash paid for interest, net of capitalized interest 4,003 4,659 3,758
Cash paid for operating lease obligations 65,065 62,748 63,504
Supplemental disclosure of non-cash operating, investing and financing activities:      
Operating lease assets obtained in exchange for operating lease liabilities 11,771 19,922 15,934
Receivable related to proceeds from disposal of assets 0 0 1,252
Property and equipment acquired and included in accounts payable 1,148 4,607 9,914
Stock-based compensation capitalized [2] $ 168 $ 357 $ 380
[1] Fiscal 2025 includes $0.6 million of depreciation expense related to brewery operations, which is recorded as Cost of sales on our Consolidated Statements of Operations.
[2] Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on our Consolidated Balance Sheets.
v3.25.4
Consolidated Statements of Cash Flows (Parenthetical)
$ in Millions
 12 Months Ended
Dec. 30, 2025
USD ($)
Statement of Cash Flows [Abstract]  
Depreciation Expense $ 0.6
v3.25.4
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Pay vs Performance Disclosure      
Net Income (Loss) $ 48,808 $ 16,687 $ 19,660
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 30, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 30, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management, Strategy and Governance
 12 Months Ended
Dec. 30, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]

ITEM 1C. CYBERSECURITY

Risk Management & Strategy

Our management is principally responsible for defining the various risks facing us, formulating risk management policies and procedures, and managing our risk exposures on a day-to-day basis. Our information is processed, transmitted, and stored in a secure environment using hardened, proven enterprise-grade technologies to protect both our data and the physical computing assets. We guard against business interruption by maintaining a disaster recovery plan, which includes storing critical business information in multiple off-site data centers, testing the disaster recovery plan at a host-site facility, and providing fault tolerant devices, communication services, and utilities. We have independent third-party cybersecurity audits conducted no less than

annually, following a framework modeled after the National Institute of Standards and Technology standard. We also have third-party security reviews and testing of our network, processes and systems conducted on a regular basis. We use internally developed proprietary software, cloud-based software as a service (“SaaS”) as well as purchased software, with proven, non-proprietary hardware. While we believe that our internal policies, systems and procedures for cybersecurity are thorough, the risk of a cybersecurity event cannot be eliminated. We may incur increased costs to comply with privacy and data protection laws and, if we fail to comply or our systems are compromised, we could be subject to government enforcement actions, private litigation and adverse publicity.

We maintain a robust system of data protection and cybersecurity resources, technology and processes. In addition to performing an annual risk assessment and developing a mitigation plan, along with a comprehensive review and update of our cybersecurity policies and procedures, we continuously evaluate new and emerging risks and ever-changing legal and compliance requirements. We also monitor risks relating to sensitive information at our business partners, where relevant, and reevaluate the risks at these partners periodically. We make strategic investments to address these risks and compliance requirements to keep Company, guest and team member data secure, including maintaining a network privacy and security insurance policy. Although we have purchased cyber liability insurance to provide a level of financial protection should a data breach occur, such insurance may not cover us against all claims or costs associated with such a breach. Our comprehensive cybersecurity program includes agreements with third-party cybersecurity partners for continuous monitoring, alerting, and response. We perform annual and ongoing cybersecurity awareness training for our management and Restaurant Support Center team members as well as specialized training for our users with privileged access. In addition, we provide annual credit card handling training following Payment Card Industry (PCI) guidelines to all team members that handle guest credit cards.

Governance

The Audit Committee of our Board of Directors receives data protection and cybersecurity reports quarterly from our Chief Information Officer, which the Audit Committee shares with the full Board of Directors. The Board of Director's responsibility is to monitor our risk management processes by understanding our material risks and evaluating whether management has reasonable controls in place to address those risks. The involvement of the Board in reviewing our business strategy is an integral aspect of the Board’s assessment of management’s tolerance for risk and what constitutes an appropriate level of risk. While the full Board has overall responsibility for risk oversight, the Board has delegated oversight responsibility related to certain risks to the Audit Committee. As such, the Audit Committee is responsible for reviewing our risk assessment and risk management policies. Accordingly, management regularly reports to the Audit Committee on risk management, and in turn, the Audit Committee reports on the matters discussed at the Committee level to the full Board. The Audit Committee and the full Board focus on the material risks facing us, including operational, technology and cybersecurity, reputational, market, credit, liquidity and legal risks, to assess whether management has reasonable controls in place to address these risks.

Our cybersecurity risk management and strategy processes are led by our Chief Information Officer and our Director of Cybersecurity and Infrastructure. These individuals have collectively over 40 years of professional experience in various and progressive roles across multiple, regulated industries involving developing cybersecurity strategy, implementing effective information and cybersecurity programs, managing information security infrastructure and operations, risk assessment and mitigation, and satisfactorily managing multiple industry and regulatory compliance environments. Prior to their current roles, both individuals previously held positions at other large publicly traded organizations where they were the chief stewards of cybersecurity strategy and operations.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Role of Management [Text Block]

The Audit Committee of our Board of Directors receives data protection and cybersecurity reports quarterly from our Chief Information Officer, which the Audit Committee shares with the full Board of Directors. The Board of Director's responsibility is to monitor our risk management processes by understanding our material risks and evaluating whether management has reasonable controls in place to address those risks. The involvement of the Board in reviewing our business strategy is an integral aspect of the Board’s assessment of management’s tolerance for risk and what constitutes an appropriate level of risk. While the full Board has overall responsibility for risk oversight, the Board has delegated oversight responsibility related to certain risks to the Audit Committee. As such, the Audit Committee is responsible for reviewing our risk assessment and risk management policies. Accordingly, management regularly reports to the Audit Committee on risk management, and in turn, the Audit Committee reports on the matters discussed at the Committee level to the full Board. The Audit Committee and the full Board focus on the material risks facing us, including operational, technology and cybersecurity, reputational, market, credit, liquidity and legal risks, to assess whether management has reasonable controls in place to address these risks.

Our cybersecurity risk management and strategy processes are led by our Chief Information Officer and our Director of Cybersecurity and Infrastructure. These individuals have collectively over 40 years of professional experience in various and progressive roles across multiple, regulated industries involving developing cybersecurity strategy, implementing effective information and cybersecurity programs, managing information security infrastructure and operations, risk assessment and mitigation, and satisfactorily managing multiple industry and regulatory compliance environments. Prior to their current roles, both individuals previously held positions at other large publicly traded organizations where they were the chief stewards of cybersecurity strategy and operations.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] While the full Board has overall responsibility for risk oversight, the Board has delegated oversight responsibility related to certain risks to the Audit Committee. As such, the Audit Committee is responsible for reviewing our risk assessment and risk management policies.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]

Our cybersecurity risk management and strategy processes are led by our Chief Information Officer and our Director of Cybersecurity and Infrastructure. These individuals have collectively over 40 years of professional experience in various and progressive roles across multiple, regulated industries involving developing cybersecurity strategy, implementing effective information and cybersecurity programs, managing information security infrastructure and operations, risk assessment and mitigation, and satisfactorily managing multiple industry and regulatory compliance environments. Prior to their current roles, both individuals previously held positions at other large publicly traded organizations where they were the chief stewards of cybersecurity strategy and operations.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The Audit Committee of our Board of Directors receives data protection and cybersecurity reports quarterly from our Chief Information Officer, which the Audit Committee shares with the full Board of Directors. The Board of Director's responsibility is to monitor our risk management processes by understanding our material risks and evaluating whether management has reasonable controls in place to address those risks. The Audit Committee and the full Board focus on the material risks facing us, including operational, technology and cybersecurity, reputational, market, credit, liquidity and legal risks, to assess whether management has reasonable controls in place to address these risks.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
The Company and Summary of Significant Accounting Policies
 12 Months Ended
Dec. 30, 2025
Accounting Policies [Abstract]  
The Company and Summary of Significant Accounting Policies

1. The Company and Summary of Significant Accounting Policies

Description of Business

BJ’s Restaurants, Inc. (referred to herein as the “Company,” “BJ’s,” “we,” “us” and “our”) was incorporated in California on October 1, 1991, to assume the management of five “BJ’s Chicago Pizzeria” restaurants and to develop additional BJ’s restaurants. As of December 30, 2025, we owned and operated 219 restaurants located in 31 states. During fiscal 2025, we opened one new restaurant. Four of our restaurants with in-house brewing facilities, in addition to our two brewpub locations in Texas, brew our signature, proprietary craft BJ’s beer. All of our other restaurants receive their BJ’s beer either from one of our restaurant brewing operations, our Texas brewpubs and/or independent third-party brewers using our proprietary recipes.

Basis of Presentation

The accompanying consolidated financial statements include the accounts of BJ’s Restaurants, Inc. and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. The financial statements presented herein include all material adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair statement of the financial condition, results of operations and cash flows for the period.

The consolidated financial statements and accompanying notes have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). The Company had no components of other comprehensive income (loss) during any of the years presented, as such; a consolidated statement of comprehensive income (loss) is not presented.

The preparation of financial statements in conformity U.S. GAAP requires management to make estimates and assumptions for the reporting period and as of the financial statement date. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses. Actual results could differ from those estimates.

Our fiscal year consists of 52 or 53 weeks and ends on the Tuesday closest to December 31 for financial reporting purposes. Fiscal years 2025, 2024 and 2023 ended on December 30, 2025, December 31, 2024, and January 2, 2024, respectively, and consisted of 52 weeks of operations.

Recently Adopted Accounting Standards

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU includes amendments requiring enhanced income tax disclosures, primarily related to standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The guidance is effective for fiscal years beginning after December 15, 2024, with early adoption permitted, and should be applied either prospectively or retrospectively. We adopted ASU 2023-09 retrospectively effective December 30, 2025, and the enhanced disclosures are included in Note 11 to our consolidated financial statements. The adoption of this ASU had no impact on our consolidated financial statements.

Recently Issued Accounting Standards

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (Subtopic 220-40). The ASU requires public entities to disaggregate, in a tabular presentation, certain income statement expenses into different categories, such as purchases of inventory, employee compensation, depreciation, and intangible asset amortization. The guidance is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted, and may be applied retrospectively. We are currently evaluating the impact of adopting the new ASU on our consolidated financial statements and related disclosures.

In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic: 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The ASU modernizes certain aspects of the accounting for software costs to develop or obtain software for internal use under Accounting Standards Codification 350-40. The ASU requires entities to begin capitalizing software costs when management authorizes and commits to funding the software project, and it is probable that the project will be completed and the software will be used for its intended purpose. The guidance is effective for fiscal years beginning after December 15, 2027, and interim periods within those fiscal years, and early adoption is permitted. We are currently evaluating the impact of adopting this new ASU on our consolidated financial statements and related disclosures.

Segment Disclosure

The FASB ASC Topic 280, Segment Reporting, establishes standards for disclosures about different types of business activities in which we engage and the different economic environments in which we operate. We currently operate in one operating segment: full-service company-owned restaurants. Additionally, we operate in one geographic area: the United States of America.

Cash and Cash Equivalents

Cash and cash equivalents consist of highly liquid investments and money market funds with an original maturity of three months or less when purchased. Cash and cash equivalents are stated at cost, which approximates fair market value.

Concentration of Credit Risk

Financial instruments that potentially subject us to a concentration of credit risk and credit losses are credit card receivables and trade receivables consisting primarily of amounts due from gift card resellers, third-party delivery companies and vendor rebates. We consider the concentration of credit risk for gift card resellers, third-party delivery companies and vendor rebates to be minimal due to the payment histories and general financial condition of these gift card resellers and vendors. See Note 3 for disclosure of trade receivables by category as of December 30, 2025, and December 31, 2024. Additionally, we currently maintain our day-to-day operating cash balances with a major financial institution. At times, our operating cash balances may be in excess of the FDIC insurance limit.

Concentration of Supplier Risk

We rely on a leading foodservice distributor to deliver the majority of our food products to our restaurants. We also have an agreement with the largest nationwide foodservice distributor of fresh produce in the United States to service most of our restaurants and, where licensed, to distribute our proprietary craft beer to our restaurants. In instances where these parties fail to fulfill their obligations, we may be unable to find alternative suppliers.

Inventories

Inventories are comprised primarily of food and beverage products and are stated at the lower of cost (first-in, first-out) or net realizable value.

Property and Equipment

Property and equipment are recorded at cost and depreciated over their estimated useful lives. Leasehold improvements are amortized over the lesser of the estimated useful life of the asset or the lease term, including reasonably assured renewal periods or exercised options, of the respective lease, whichever is shorter. Renewals and betterments that materially extend the life of an asset are capitalized while maintenance and repair costs are expensed as incurred. Internal costs associated with the acquisition, development and construction of our restaurants are capitalized and allocated to the projects which they relate. When property and equipment are sold or otherwise disposed of, the asset accounts and related accumulated depreciation or amortization accounts are relieved, and any gain or loss is included in earnings. Additionally, any interest capitalized for new restaurant construction is included in “Property and equipment, net” on our Consolidated Balance Sheets.

Depreciation and amortization are recorded using the straight-line method over the following estimated useful lives:

 

Furniture and fixtures

3‑10 years

Equipment

5‑10 years

Brewing equipment

1-20 years

Building improvements

the shorter of 20 years or the remaining lease term

Leasehold improvements

the shorter of the useful life or the lease term,

 

including reasonably assured renewal periods

Goodwill

We perform impairment testing annually, during the fourth quarter, and more frequently if factors and circumstances indicate impairment may have occurred. When evaluating goodwill for impairment, we first perform a qualitative assessment to determine whether it is more likely than not that the fair value of our reporting unit is less than its carrying value. We currently have one reporting unit, which is full-service company-owned restaurants in the United States of America. If it is concluded that the fair value of our reporting unit is less than the goodwill carrying value, we estimate the fair value of the reporting unit and compare it to the carrying value of the reporting unit, including goodwill. If the carrying value of the reporting unit is

greater than the estimated fair value, an impairment charge is recorded for the difference between the implied fair value of goodwill and its carrying amount. To calculate the implied fair value of the reporting unit’s goodwill, the fair value of the reporting unit is first allocated to all of the other assets and liabilities of that unit based on their relative fair values. The excess of the reporting unit’s fair value over the amount assigned to its other assets and liabilities is the implied fair value of goodwill. An impairment loss would be recognized when the carrying amount of goodwill exceeds its implied fair value. This adjusted carrying value becomes the new goodwill accounting basis value. Based on our impairment assessment, we did not record any impairment to goodwill during fiscal 2025, 2024 or 2023.

Long-Lived Assets

We assess the potential impairment of our long-lived assets whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. The assets are generally reviewed for impairment on a restaurant level basis, and inclusive of property and equipment and lease right-of-use assets; or at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets. Factors considered include, but are not limited to, significant underperformance by the restaurant relative to historical operating results; significant changes in the manner of use of the assets or the strategy for the overall business; significant negative industry or economic trends; or our expectation to dispose of long-lived assets before the end of their previously estimated useful lives. We use the undiscounted cash flow method to assess the recoverability of potentially impaired long-lived assets by comparing the carrying value of the assets to the undiscounted cash flows expected to be generated by the assets. If the carrying value of the assets exceeds the undiscounted cash flows expected to be generated by the assets, an impairment charge is recognized for the amount by which the carrying value exceeds the fair value of the assets. We measure the fair value by discounting estimated future cash flows using assumptions that are consistent with what a market participant would use. As a result of this analysis, in fiscal 2024 and fiscal 2023, we recorded a $12.1 million and $3.4 million impairment charge to operating income, respectively, for the amount by which the carrying value of the restaurant’s assets exceeded its fair value estimated using the discounted cash flow method. In fiscal 2025, the analysis did not result in an impairment charge.

Self-Insurance Liability

We retain large deductibles or self-insured retentions for a portion of our general liability insurance and our team member workers’ compensation programs. We maintain coverage with a third-party insurer to limit our total exposure for these programs. The accrued liability associated with these programs is based on our estimate of the ultimate costs within our retention amount to settle known claims as well as claims incurred but not yet reported to us (“IBNR claims”) as of the balance sheet dates. Our estimated liability is based on information provided by a third-party actuary, combined with our judgments regarding a number of assumptions and factors, including the frequency and severity of claims, our loss development factors, loss cost, history, case jurisdiction, related legislation, and our claims settlement practice. Significant judgment is required to estimate IBNR claims as parties have yet to assert such claims.

Revenue Recognition

Revenues from food and beverage sales at restaurants are recognized when payment is tendered. Amounts paid with a credit card are recorded in accounts and other receivables until payment is collected from the credit card processor. We sell gift cards which do not have an expiration date and we do not deduct non-usage fees from outstanding gift card balances. Gift card sales are recorded as a liability and recognized as revenues upon redemption in our restaurants.

Based on historical redemption rates, a portion of our gift card sales are not expected to be redeemed and will be recognized as gift card “breakage.” Estimated gift card breakage is recorded as “Revenues” on our Consolidated Statements of Operations and recognized in proportion to our historical redemption pattern, unless there is a legal obligation to remit the unredeemed gift cards to government authorities.

Our “BJ’s Premier Rewards Plus” guest loyalty program enables participants to earn points for qualifying purchases that can be redeemed for food and beverages in the future. We allocate the transaction price between the goods delivered and the future goods that will be delivered, on a relative standalone selling price basis, and defer the revenues allocated to the points, less expected expirations, until such points are redeemed.

Cost of Sales

Cost of sales is comprised of food and beverage costs, including the cost to produce and distribute our proprietary craft beer, soda and ciders. The components of cost of sales are variable and typically fluctuate directly with sales volumes but may be impacted by changes in commodity prices or promotional activities.

Sales Taxes

Revenues are presented net of sales tax collected. The obligations to the appropriate tax authorities are included in other accrued expenses until the taxes are remitted to the appropriate taxing authorities.

Advertising Costs

Advertising costs are expensed as incurred. Advertising costs for fiscal 2025, 2024 and 2023 were approximately $30.5 million, $26.5 million and $23.4 million, respectively. Advertising costs are primarily included in “Occupancy and operating” expenses on our Consolidated Statements of Operations.

Income Taxes

We utilize the liability method of accounting for income taxes. Deferred income taxes are recognized based on the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end based on enacted tax laws and statutory tax rates applicable to the periods in which differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The provision for income taxes represents the tax payable for the period and the change during the period in deferred tax assets and liabilities.

We provide for income taxes based on our expected federal and state tax liabilities. Our estimates include, but are not limited to, effective federal, state and local income tax rates, allowable tax credits for items such as Federal Insurance Contributions Act (“FICA”) taxes paid on reported tip income and estimates related to depreciation expense allowable for tax purposes. We usually file our income tax returns several months after our fiscal year-end. All tax returns are subject to audit by federal and state governments for years after the returns are filed and could be subject to differing interpretations of the tax laws.

We recognize the impact of a tax position in our financial statements if that position is more likely than not of being sustained through an audit, based on the technical merits of the position. Interest and penalties related to uncertain tax positions are included in “Income tax (benefit) expense” on our Consolidated Statements of Operations.

Restaurant Opening Expense

Restaurant payroll, supplies, training, other start-up costs and rent expense incurred prior to the opening of a new restaurant are expensed as incurred.

Leases

We determine if a contract contains a lease at inception. Our material operating leases consist of restaurant locations and office space. U.S. GAAP requires that our leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date, and the lease term used in the evaluation includes the non-cancellable period for which we have the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option would result in an economic penalty. All of our restaurant and office space leases are classified as operating leases. We have elected to account for lease and non-lease components as a single lease component for office and beverage equipment. We do not have any finance leases.

We have elected the short-term lease recognition exemption for all classes of underlying assets. Leases with an initial term of 12 months or less that do not include an option to purchase the underlying asset that we are reasonably certain to exercise are not recorded on the balance sheet. Expense for short-term leases is recognized on a straight-line basis over the lease term.

We disburse cash for leasehold improvements, furniture and fixtures and equipment to build out and equip our leased premises. Tenant improvement allowance incentives may be available to partially offset the cost of developing and opening the related restaurants, pursuant to agreed-upon terms in our leases. Tenant improvement allowances can take the form of cash payments upon the opening of the related restaurants, full or partial credits against minimum or percentage rents otherwise payable by us, or a combination thereof. All tenant improvement allowances received by us are recorded as a contra operating lease asset and amortized over the term of the lease.

The lease term used for straight-line rent expense is calculated from the commencement date (the date we take possession of the premises) through the lease termination date (including any options where exercise is reasonably certain and failure to exercise such option would result in an economic penalty). We expense rent from commencement date through restaurant open date as preopening expense. Once a restaurant opens for business, we record straight-line rent expense plus any additional variable contingent rent expense to the extent it is due under the lease agreement.

There is potential for variability in the rent holiday period, which begins on the commencement date and ends on the restaurant open date, during which no cash rent payments are typically due under the terms of the lease. Factors that may affect the length

of the rent holiday period generally pertain to construction-related delays. Extension of the rent holiday period due to delays in restaurant opening will result in greater preopening rent expense recognized during the rent holiday period and lesser occupancy expense during the rest of the lease term (post-opening).

We record a lease liability equal to the present value of future payments discounted at the estimated fully collateralized incremental borrowing rate (discount rate) corresponding with the lease term. Our lease liability calculation is the total rent payable during the lease term, including rent escalations in which the amount of future rent is certain or fixed. This liability is reduced monthly by the minimum rents paid, offset by the imputed interest. A corresponding operating lease asset is also recorded equaling the initial amount of the lease liability, plus any lease payments made to the lessor before or at the lease commencement date and any initial direct costs incurred, less any lease incentives received. Monthly, this asset is reduced by the straight-line rent, offset by the imputed interest.

Certain leases contain provisions that require additional rent payments based upon restaurant sales volume. Contingent rent is accrued each period as the liabilities are incurred, in addition to the straight-line rent expense noted above. This results in some variability in occupancy expense as a percentage of revenues over the term of the lease in restaurants where we pay contingent rent. We monitor for events or changes in circumstances that require reassessment of our leases. When a reassessment results in the re-measurement of a lease liability, a corresponding adjustment is made to the carrying amount of the operating lease asset.

Management makes judgments regarding the reasonably certain lease term and incremental borrowing rate for each restaurant property lease, which can impact the classification and accounting for a lease as finance or operating, the rent holiday and/or escalations in payments that are taken into consideration when calculating straight-line rent, and the term over which leasehold improvements for each restaurant are amortized.

Net Income Per Share

Basic and diluted net income per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. The number of diluted shares reflects the potential dilution that could occur if holders of in-the-money options and warrants were to exercise their right to convert these instruments into common stock and unvested restricted stock units (“RSUs”) were to vest. Additionally, performance-based RSUs are considered contingent shares; therefore, at each reporting date we determine the probable number of shares that will vest and include these contingently issuable shares in our diluted share calculation unless they are anti-dilutive. Once these performance-based RSUs vest, they are included in our basic net income per share calculation.

The following table presents a reconciliation of basic and diluted net income per share, including the number of dilutive equity awards that were included in the dilutive net income per share computation (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

48,808

 

 

$

16,687

 

 

$

19,660

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding - basic

 

 

21,980

 

 

 

23,132

 

 

 

23,452

 

Dilutive effect of equity awards

 

 

642

 

 

 

636

 

 

 

471

 

Weighted-average shares outstanding - diluted

 

 

22,622

 

 

 

23,768

 

 

 

23,923

 

 

At December 30, 2025, December 31, 2024, and January 2, 2024, there were approximately 0.6 million, 1.0 million, and 0.9 million, respectively, of common stock equivalents that have been excluded from the calculation of diluted net income per share because they are anti-dilutive.

Stock‑Based Compensation

Our current shareholder approved stock-based compensation plan is the BJ’s Restaurants, Inc. 2024 Equity Incentive Plan, (as it may be amended from time to time, “the Plan”). Under the Plan, we may issue shares of our common stock to team members, officers, directors and consultants. We grant non-qualified stock options, and service- and performance-based RSUs. Since fiscal 2024, we also grant performance-based RSUs with market-based metrics. Additionally, we issue service-based RSUs in connection with the BJ’s Gold Standard Stock Ownership Program (the “GSSOP”), a long-term equity incentive program under the Plan for our restaurant general managers, executive kitchen managers, directors of operations and directors of kitchen operations. All GSSOP participants are required to remain in good standing during their vesting period.

All options granted under the Plan expire within 10 years of their date of grant. Awards of stock options or stock appreciation rights are charged against the Plan share reserve on the basis of one share for each option granted. All other awards are charged against the 2024 Plan share reserve on the basis of 1.5 shares for each award unit granted. We estimate forfeitures based on historical data and we take into consideration future expectations. The Plan also contains other limits on the terms of incentive grants such as the maximum number that can be granted to a team member during any fiscal year.

We use the Black-Scholes option-pricing model to determine the fair value of our stock options, and we use the Monte Carlo simulation model to determine the fair value of our performance-based RSUs that include a market-based metric. Both valuation models require management to make assumptions regarding stock price, volatility, the expected life of the award, risk-free interest rate and expected dividend yield. The fair value of service-based and performance-based RSUs without market-based metrics, is equal to the fair value of our common stock at market close on the grant date, or the last trading day prior to the grant date if the grant occurs on a day when the market is closed.

The grant date fair value of each stock option, service-based RSU, and performance-based RSU with market-based metrics is recognized as stock-based compensation expense on a straight-line basis over the applicable vesting period (e.g., one, three or five years). For performance-based RSUs without market-based metrics, stock-based compensation expense recognition is recognized based on the estimated number of awards that is expected to vest, which is reassessed each reporting period based on management’s current estimate of achievement of the applicable performance goals. Forfeitures are estimated based on historical experience and adjusted for future expectations.

The Plan permits our Board of Directors to set the vesting terms and exercise period for awards at their discretion; however, the grant of awards with no minimum vesting period or a vesting period less than one year may not exceed 5% of the total number of shares authorized under the Plan. Stock options and service-based RSUs cliff vest at one year or ratably over three years for non-GSSOP participants, and either cliff vest at five years or cliff vest at 33% on the third anniversary and 67% on the fifth anniversary for GSSOP participants. Performance-based RSUs cliff vest on the third anniversary of the grant date in an amount from 0% to 150% of the grant quantity, depending on the level of performance target achievement.

v3.25.4
Revenue Recognition
 12 Months Ended
Dec. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition

2. Revenue Recognition

Revenue recognized on our Consolidated Statements of Operations for the redemption of gift cards and loyalty rewards deferred at the beginning of each respective fiscal year were as follows (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Revenue recognized from gift card liability

 

$

10,691

 

 

$

10,629

 

 

$

11,261

 

Revenue recognized from guest loyalty program

 

$

9,139

 

 

$

7,031

 

 

$

7,166

 
v3.25.4
Accounts and Other Receivables
 12 Months Ended
Dec. 30, 2025
Receivables [Abstract]  
Accounts and Other Receivables

3. Accounts and Other Receivables

Accounts and other receivables consisted of the following (in thousands):

 

 

 

December 30, 2025

 

 

December 31, 2024

 

Credit cards

 

$

8,191

 

 

$

8,526

 

Third-party gift card sales

 

 

4,128

 

 

 

3,984

 

Third-party delivery

 

 

939

 

 

 

3,885

 

Income taxes

 

 

2,144

 

 

 

864

 

Other

 

 

2,989

 

 

 

3,143

 

 

 

$

18,391

 

 

$

20,402

 

r
v3.25.4
Property and Equipment
 12 Months Ended
Dec. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

4. Property and Equipment

Property and equipment consisted of the following (in thousands):

 

 

 

December 30, 2025

 

 

December 31, 2024

 

Land

 

$

3,472

 

 

$

2,523

 

Building improvements

 

 

433,514

 

 

 

428,366

 

Leasehold improvements

 

 

360,152

 

 

 

345,916

 

Furniture and fixtures

 

 

176,831

 

 

 

172,804

 

Equipment

 

 

454,589

 

 

 

424,839

 

Construction in progress

 

 

3,262

 

 

 

13,269

 

Property and equipment, gross

 

 

1,431,820

 

 

 

1,387,717

 

Accumulated depreciation and amortization

 

 

(929,712

)

 

 

(877,136

)

Property and equipment, net

 

$

502,108

 

 

$

510,581

 
v3.25.4
Accrued Expenses
 12 Months Ended
Dec. 30, 2025
Payables and Accruals [Abstract]  
Accrued Expenses

5. Accrued Expenses

Accrued expenses consisted of the following (in thousands):

 

 

 

December 30, 2025

 

 

December 31, 2024

 

Payroll related

 

$

27,543

 

 

$

24,669

 

Workers’ compensation and general liability

 

 

23,442

 

 

 

22,216

 

Deferred revenue from gift cards

 

 

16,060

 

 

 

15,668

 

Deferred loyalty revenue

 

 

3,023

 

 

 

2,910

 

Insurance related

 

 

4,981

 

 

 

4,164

 

Sales taxes

 

 

7,011

 

 

 

7,254

 

Other taxes

 

 

7,891

 

 

 

8,694

 

Other current rent related

 

 

3,279

 

 

 

2,806

 

Utilities

 

 

2,655

 

 

 

2,475

 

Merchant cards

 

 

2,422

 

 

 

2,239

 

Maintenance related

 

 

912

 

 

 

289

 

Leadership transition related

 

 

835

 

 

 

2,829

 

Consulting related

 

 

—

 

 

 

2,135

 

Other

 

 

5,282

 

 

 

6,968

 

 

 

$

105,336

 

 

$

105,316

 
v3.25.4
Leases
 12 Months Ended
Dec. 30, 2025
Leases [Abstract]  
Leases

6. Leases

Lease costs included on the Consolidated Statements of Operations consisted of the following (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Lease cost

 

$

59,104

 

 

$

57,836

 

 

$

59,268

 

Variable lease cost

 

 

3,770

 

 

 

3,567

 

 

 

3,864

 

Total lease costs

 

$

62,874

 

 

$

61,403

 

 

$

63,132

 

 

Weighted-average lease term and discount rate were as follows:

 

 

 

December 30, 2025

 

December 31, 2024

Weighted-average remaining lease term

 

9.6 Years

 

10.3 Years

Weighted-average discount rate

 

5.9

 

5.9

 

Operating lease obligation maturities as of December 30, 2025, were as follows (in thousands):

 

2026

 

$

66,527

 

2027

 

 

65,120

 

2028

 

 

62,322

 

2029

 

 

56,731

 

2030

 

 

49,240

 

Thereafter

 

 

246,888

 

Total lease payments

 

 

546,828

 

Less: imputed interest

 

 

(141,070

)

Present value of operating lease obligations

 

$

405,758

 
v3.25.4
Commitments and Contingencies
 12 Months Ended
Dec. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

7. Commitments and Contingencies

Legal Proceedings

We are subject to lawsuits, administrative proceedings and demands that arise in the ordinary course of our business and which typically involve claims from guests, team members and others related to operational, employment, real estate and intellectual property issues common to the foodservice industry. A number of these claims may exist at any given time. We are self-insured for a portion of our general liability, team member workers’ compensation and employment practice liability insurance requirements. We maintain coverage with a third-party insurer to limit our total exposure. We believe that most of our claims will be covered by our insurance, subject to coverage limits and the portion of such claims that are self-insured; however, punitive damages awards are not covered by our insurance. To date, we have not been ordered to pay punitive damages with respect to any claims, but there can be no assurance that punitive damages will not be awarded with respect to any future claims. We could be affected by adverse publicity resulting from allegations in lawsuits, claims and proceedings, regardless of whether these allegations are valid or whether we are ultimately determined to be liable. We currently believe that the final disposition of these types of lawsuits, proceedings and claims will not have a material adverse effect on our financial position, results of operations or liquidity. It is possible, however, that our future results of operations for a particular quarter or fiscal year could be impacted by changes in circumstances relating to lawsuits, proceedings or claims.

Letters of Credit

We have irrevocable standby letters of credit outstanding, as required under our workers’ compensation insurance arrangements, of $20.2 million as of December 30, 2025. Our standby letters of credit automatically renew each October 31 for one year unless 30 days’ notice, prior to such renewal date, is given by the financial institution that provides the letters. The standby letters of credit issued under our Credit Facility reduce the amount available for borrowing.

Purchase Commitments

Purchase obligations, which include inventory purchases, equipment purchases, information technology and other miscellaneous commitments, were $63.6 million and $41.2 million at December 30, 2025 and December 31, 2024, respectively. These purchase obligations are primarily due within three years and recorded as liabilities when goods are received, or services rendered.
v3.25.4
Long-Term Debt
 12 Months Ended
Dec. 30, 2025
Debt Disclosure [Abstract]  
Long-Term Debt

8. Long-Term Debt

Line of Credit

On May 30, 2025, we entered into a Fifth Amended and Restated Credit Agreement (“Credit Facility”) with Bank of America, N.A. (“BofA”), JPMorgan Chase Bank, N.A., and certain other parties to amend and restate our revolving line of credit (the “Line of Credit”) to extend the maturity date, obtain a swingline subfacility, modify the interest rate, and revise certain loan covenants.

Our Credit Facility matures on May 30, 2030, and provides us with revolving loan commitments totaling $215 million, which may be increased up to $315 million, of which $50 million may be used for the issuance of letters of credit. Availability under the Credit Facility is reduced by outstanding letters of credit, which are used to support our self-insurance programs. On December 30, 2025, there were borrowings of $85.0 million and letters of credit of $20.2 million outstanding, leaving $109.8 million available to borrow.

Borrowings under the Line of Credit bear interest at an annual rate equal to either (a) the Secured Overnight Financing Rate (“Term SOFR”), adjusted by 10 basis points regardless of the duration of the Term SOFR, plus a percentage not to exceed

2.00%, or (b) the Base Rate plus a percentage not to exceed 1.00%. As with swingline loans: (i) the percentage adjustment depends on the level of lease and debt obligations of the Company as compared to EBITDA and lease expenses; and (ii) there is a floor of 0.00% on Term SOFR plus the 10 basis point adjustment. The weighted average interest rate during fiscal 2025 and 2024 was approximately 5.8% and 6.7%, respectively.

The Credit Agreement contains certain representations and warranties, affirmative and negative covenants and events of default that are customary for credit arrangements of this type, including covenants which restrict or limit the Company’s ability to, among other things, create liens, borrow money (other than purchase money indebtedness and trade credit, lease obligations incurred in the ordinary course, and similar ordinary course liabilities), make dividends, and engage in mergers, consolidations, significant asset sales, stock repurchases and certain other transactions. On December 30, 2025, we were in compliance with these covenants.

Pursuant to the Credit Agreement, the Company will be required to pay certain customary fees and expenses associated with maintenance and use of the Line of Credit including letter of credit issuance fees and unused commitment fees. Interest expense and commitment fees under the Credit Facility were approximately $4.7 million, $5.5 million and $4.9 million for fiscal 2025, 2024 and 2023, respectively. We also capitalized approximately $0.1 million and $0.3 million of interest expense related to new restaurant construction during fiscal 2025 and 2024.

Additionally, we capitalized approximately $0.8 million of fees related to the Fifth Amended and Restated Credit Agreement, which are being amortized over the remaining term of the Credit Facility. These fees are presented as an asset and recorded in “Other assets, net” on our Consolidated Balance Sheets. For the years ended December 30, 2025 and December 31, 2024, we amortized $0.2 million of these fees, which is included as a component of “Interest expense, net” on our Consolidated Statements of Operations. At December 30, 2025 and December 31, 2024, unamortized fees were $1.0 million and $0.4 million, respectively.

v3.25.4
Fair Value Measurements
 12 Months Ended
Dec. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements

9. Fair Value Measurements

ASC 820, Fair Value Measurements and Disclosures (“ASC 820”), establishes a framework for measuring fair value and expands disclosures about fair value measurements. ASC 820 establishes a three-level hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs in measuring fair value. Fair value measurements are estimated based on valuation techniques and inputs categorized as follows:

 

•
Level 1: Quoted prices in active markets for identical assets or liabilities.
•
Level 2: Observable inputs other than quoted prices in active markets for identical assets and liabilities.
•
Level 3: Unobservable inputs in which little or no market activity exists, therefore requiring the Company to develop its own assumptions.

 

There were no transfers among levels within the fair value hierarchy during the year ended December 30, 2025. The following table presents the fair values for our financial assets and liabilities measured on a recurring basis (in thousands):

 

 

 

Level

 

December 30, 2025

 

 

December 31, 2024

 

Deferred compensation plan - liabilities

 

1

 

$

14,042

 

 

$

13,179

 

 

The Company’s financial statements include cash and cash equivalents, accounts and other receivables, accounts payable, and accrued expenses for which the carrying amounts approximate fair value due to their short-term maturity. At December 30, 2025 and December 31, 2024, the fair value of our Credit Facility approximated its carrying value since it is a variable rate credit facility (Level 2).

v3.25.4
Shareholders' Equity
 12 Months Ended
Dec. 30, 2025
Equity [Abstract]  
Shareholders' Equity

10. Shareholders’ Equity

Warrant

BJ’s Act III, LLC’s (“Act III”) warrant for 876,949 shares of common stock at an exercise price of $26.94 was set to expire on May 4, 2025, five years following the issuance. On December 30, 2024, the Company agreed to extend the termination date of the warrant by two years to May 4, 2027, and recorded a related expense of $4.6 million within “Other income (expense), net” on our Consolidated Statements of Operations. The warrant extension was executed in conjunction with a Cooperation Agreement that contains material non-shareholder restrictions, such as those limiting Act III's ability to purchase additional Company shares.

Preferred Stock

We are authorized to issue 5.0 million shares of one or more series of preferred stock and we are authorized to determine the rights, preferences, privileges and restrictions to be granted to, or imposed upon, any such series, including the voting rights, redemption provisions (including sinking fund provisions), dividend rights, dividend rates, liquidation rates, liquidation preferences, conversion rights and the description and number of shares constituting any wholly unissued series of preferred stock. No shares of preferred stock were issued or outstanding at December 30, 2025 or December 31, 2024. We currently have no plans to issue shares of preferred stock.

Common Stock

Shareholders are entitled to one vote for each share of common stock held of record. Pursuant to the requirements of California law, shareholders are entitled to accumulate votes in connection with the election of directors. Shareholders of our outstanding common stock are entitled to receive dividends if and when declared by the Board of Directors.

Cash Dividends

We currently do not pay any cash dividends. Any decision to pay cash dividends will be subject to our Board of Directors determining that the such dividend payments are in the best interest of the Company and its shareholders. As such, the only cash dividends paid during fiscal 2024 and 2023 were related to dividends declared prior to fiscal 2020 on restricted stock grants, which vested under our stock-based compensation plans. No cash dividends were paid in fiscal 2025.

Stock Repurchases

During fiscal 2025, we repurchased and retired approximately 2.0 million shares of our common stock at an average price of $33.80 per share for approximately $67.8 million, which is recorded as a reduction in common stock, with any excess charged to retained earnings. Our Board of Directors approved a $50 million increase in our share repurchase program in both February 2024 and February 2025, and a $75 million increase in October 2025. Currently we have $93.2 million available under our authorized $675 million share repurchase program. Repurchases may be made at any time.
v3.25.4
Income Taxes
 12 Months Ended
Dec. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

11. Income Taxes

Income before income tax expense (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

United States

 

$

47,233

 

 

$

8,265

 

 

$

10,100

 

Total income before income taxes

 

$

47,233

 

 

$

8,265

 

 

$

10,100

 

 

 

 

 

 

 

 

 

 

 

 

Income tax benefit consists of the following (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Current:

 

 

 

 

 

 

 

 

 

Federal

 

$

1,085

 

 

$

2,780

 

 

$

1,378

 

State

 

 

2,322

 

 

 

969

 

 

 

897

 

 

 

 

3,407

 

 

 

3,749

 

 

 

2,275

 

Deferred:

 

 

 

 

 

 

 

 

 

Federal

 

 

(5,167

)

 

 

(10,891

)

 

 

(11,344

)

State

 

 

185

 

 

 

(1,280

)

 

 

(491

)

 

 

 

(4,982

)

 

 

(12,171

)

 

 

(11,835

)

 

 

 

 

 

 

 

 

 

 

Income tax benefit

 

$

(1,575

)

 

$

(8,422

)

 

$

(9,560

)

 

The provision for income taxes differs from the amount that would result from applying the federal statutory rate as follows (dollar amounts in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Income tax at statutory rates

 

$

9,919

 

 

21.0

%

 

$

1,739

 

 

21.0

%

 

$

2,121

 

 

21.0

%

State income taxes, net of federal benefit (1)

 

 

2,168

 

 

4.6

 

 

 

458

 

 

5.5

 

 

 

583

 

 

5.8

 

Permanent differences

 

 

(427

)

 

(0.9

)

 

 

875

 

 

10.6

 

 

 

776

 

 

7.7

 

Income tax credits (2)

 

 

(12,547

)

 

(26.5

)

 

 

(12,186

)

 

(147.1

)

 

 

(11,910

)

 

(117.9

)

Return to provision

 

 

49

 

 

0.1

 

 

 

35

 

 

0.4

 

 

 

90

 

 

0.9

 

Stock warrant extension

 

 

—

 

 

—

 

 

 

971

 

 

11.7

 

 

 

—

 

 

—

 

Prior year tax credit true-up

 

 

(30

)

 

(0.1

)

 

 

357

 

 

4.3

 

 

 

(649

)

 

(6.4

)

Change in unrecognized tax benefit

 

 

(127

)

 

(0.3

)

 

 

(14

)

 

(0.2

)

 

 

(237

)

 

(2.3

)

Change in valuation allowance

 

 

(186

)

 

(0.4

)

 

 

(703

)

 

(8.5

)

 

 

(262

)

 

(2.6

)

Other, net

 

 

(394

)

 

(0.8

)

 

 

46

 

 

0.4

 

 

 

(72

)

 

(0.9

)

 

 

$

(1,575

)

 

(3.3

)%

 

$

(8,422

)

 

(101.9

)%

 

$

(9,560

)

 

(94.7

)%

 

(1)
State taxes in California made up the majority (greater than 50%) of the tax effect in this category for all years presented.
(2)
The FICA tax tip credit benefit made up the majority (greater than 90%) for all periods presented.

 

Income taxes paid consisted of the following (in thousands):

 

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

U.S. Federal

 

$

3,100

 

 

$

2,027

 

 

$

(4

)

State

 

 

 

 

 

 

 

 

 

California

 

 

950

 

 

 

496

 

 

 

(1,200

)

Texas

 

 

140

 

 

 

429

 

 

 

355

 

Virginia

 

 

—

 

 

 

(10

)

 

 

37

 

Other

 

 

559

 

 

 

383

 

 

 

83

 

State subtotal

 

 

1,649

 

 

 

1,298

 

 

 

(725

)

 

 

 

 

 

 

 

 

 

 

Total cash paid for income taxes (net of refunds)

 

$

4,749

 

 

$

3,325

 

 

$

(729

)

 

The components of the deferred income tax asset (liability) consist of the following (in thousands):

 

 

 

December 30, 2025

 

 

December 31, 2024

 

Deferred income tax asset:

 

 

 

 

 

 

Accrued expenses

 

$

12,251

 

 

$

12,526

 

Other

 

 

4,518

 

 

 

8,436

 

Deferred revenues

 

 

—

 

 

 

23

 

Gift cards

 

 

1,223

 

 

 

1,128

 

Stock-based compensation

 

 

4,245

 

 

 

3,667

 

Operating lease liability

 

 

104,620

 

 

 

111,254

 

Income tax credits

 

 

86,933

 

 

 

74,826

 

Net operating losses

 

 

4,263

 

 

 

4,831

 

State tax

 

 

496

 

 

 

358

 

Gross deferred income tax asset

 

 

218,549

 

 

 

217,049

 

Valuation allowance

 

 

—

 

 

 

(186

)

Deferred income tax asset, net of valuation allowance

 

 

218,549

 

 

 

216,863

 

 

 

 

 

 

 

 

Deferred income tax liability:

 

 

 

 

Property and equipment

 

 

(53,754

)

 

 

(51,516

)

Intangible assets

 

 

(2,821

)

 

 

(2,807

)

Operating lease assets

 

 

(89,943

)

 

 

(96,255

)

Smallwares

 

 

(4,731

)

 

 

(3,967

)

Deferred income tax liability

 

 

(151,249

)

 

 

(154,545

)

Net deferred income tax asset

 

$

67,300

 

 

$

62,318

 

At December 30, 2025, we had federal and state income tax credit carryforwards of approximately $87.1 million and $0.1 million, respectively, consisting primarily of the credit for FICA taxes paid on reported team member tip income. The FICA tax credits will begin to expire in 2039.

At December 30, 2025, we have state and city net operating loss carryforwards of $90.5 million with statutory carryforward periods ranging from 5 years to 20 years. The earliest year that a material state net operating loss will expire is 2027.

We have completed an analysis of our ability to use our federal and state tax credit and net operating loss carry forwards. As of December 30, 2025, we have determined that no valuation allowance is required against federal tax credit carryforwards or against certain state net operating loss and tax credit carryforwards. As of December 31, 2024, we determined that no valuation allowance is required against federal tax credit carryforwards; however, we recorded a $0.2 million valuation allowance against certain state net operating loss and tax credit carryforwards, net of the federal benefit which were not more likely than not to be realized prior to expiration.

Changes in valuation allowance were as follows (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Valuation allowance beginning of the year

 

$

186

 

 

$

889

 

 

$

1,151

 

Allowances taken or written off

 

 

(186

)

 

 

(703

)

 

 

(262

)

Valuation allowance end of the year

 

$

—

 

 

$

186

 

 

$

889

 

We recognize interest and penalties related to uncertain tax positions in income tax expense. At December 30, 2025 and December 31, 2024, we had accrued $0.1 million for interest and penalties with respect to uncertain tax positions.

As of December 30, 2025, unrecognized tax benefits recorded was approximately $0.8 million, of which approximately $0.8 million, if reversed would impact our effective tax rate. We anticipate no change in our liability for unrecognized tax benefits within the next twelve-month period.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Gross unrecognized tax benefits at beginning of year

 

$

874

 

 

$

967

 

 

$

1,249

 

Increases for tax positions taken in prior years

 

 

—

 

 

 

29

 

 

 

102

 

Decreases for tax positions taken in prior years

 

 

(46

)

 

 

—

 

 

 

—

 

Increases for tax positions taken in the current year

 

 

89

 

 

 

134

 

 

 

104

 

Lapse in statute of limitations

 

 

(123

)

 

 

(256

)

 

 

(488

)

Gross unrecognized tax benefits at end of year

 

$

794

 

 

$

874

 

 

$

967

 

Our uncertain tax positions are related to tax years that remain subject to examination by tax agencies. As of December 30, 2025, the earliest tax year still subject to examination by the Internal Revenue Service is 2022. The earliest year still subject to examination by a significant state or local taxing authority is 2021.
v3.25.4
Stock-Based Compensation Plans
 12 Months Ended
Dec. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Plans

12. Stock-Based Compensation Plans

The following table presents the stock-based compensation recognized within our consolidated financial statements (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Labor and benefits

 

$

2,407

 

 

$

2,452

 

 

$

2,583

 

General and administrative

 

 

5,708

 

 

 

6,177

 

 

 

8,319

 

Capitalized (1)

 

 

168

 

 

 

357

 

 

 

380

 

Total stock-based compensation

 

$

8,283

 

 

$

8,986

 

 

$

11,282

 

 

(1) Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on our Consolidated Balance Sheets.

Stock Options

The fair value of each stock option was estimated on the grant date using the Black‑Scholes option-pricing model with the following assumptions:

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Expected volatility

 

 

54.7

%

 

 

67.6

%

 

 

66.9

%

Risk-free interest rate

 

 

4.1

%

 

 

3.9

%

 

 

3.6

%

Expected option life

 

5 years

 

 

5 years

 

 

5 years

 

Dividend yield

 

 

—

 

 

 

—

 

 

 

—

 

Fair value of options granted

 

$

19.19

 

 

$

19.00

 

 

$

18.24

 

 

Under our stock-based compensation plan, the exercise price of a stock option is required to equal or exceed the fair value of our common stock at market close on the option grant date or the last trading day prior to the date of grant when grants take place on a day when the market is closed. The following table presents stock option activity:

 

 

 

Options Outstanding

 

 

Options Exercisable

 

 

 

Shares
(in thousands)

 

 

Weighted
Average Exercise
Price

 

 

Shares
(in thousands)

 

 

Weighted
Average Exercise
Price

 

 

Weighted
Average
Remaining
Contractual Life

 

Outstanding at January 3, 2023

 

 

824

 

 

$

40.48

 

 

 

601

 

 

$

41.57

 

 

 

4.7

 

Granted

 

 

124

 

 

$

31.19

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(28

)

 

$

29.18

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(53

)

 

$

37.43

 

 

 

 

 

 

 

 

 

 

Outstanding at January 2, 2024

 

 

867

 

 

$

39.70

 

 

 

648

 

 

$

41.65

 

 

 

4.4

 

Granted

 

 

156

 

 

$

32.09

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(7

)

 

$

31.60

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(83

)

 

$

32.89

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2024

 

 

933

 

 

$

39.10

 

 

 

741

 

 

$

41.00

 

 

 

3.9

 

Granted

 

 

118

 

 

$

37.81

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(213

)

 

$

35.77

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(121

)

 

$

41.98

 

 

 

 

 

 

 

 

 

 

Outstanding at December 30, 2025

 

 

717

 

 

$

39.39

 

 

 

538

 

 

$

40.64

 

 

 

3.6

 

 

Information relating to significant option groups outstanding as of December 30, 2025, is as follows (shares in thousands):

 

 

 

Options Outstanding

 

 

Options Exercisable

 

Range of
 Exercise Prices

 

Outstanding

 

 

Weighted
Average
Remaining
Contractual Life

 

 

Weighted
Average Exercise
Price

 

 

Exercisable

 

 

Weighted
Average Exercise
Price

 

$22.27 – $31.86

 

 

100

 

 

 

7.5

 

 

$

31.45

 

 

 

39

 

 

$

31.22

 

$31.95 – $34.26

 

 

73

 

 

 

7.7

 

 

$

32.63

 

 

 

52

 

 

$

32.40

 

$34.28 – $35.95

 

 

96

 

 

 

3.4

 

 

$

35.46

 

 

 

67

 

 

$

35.95

 

$37.10 – $37.10

 

 

2

 

 

 

0.9

 

 

$

37.10

 

 

 

2

 

 

$

37.10

 

$37.70 – $37.70

 

 

98

 

 

 

2.0

 

 

$

37.70

 

 

 

98

 

 

$

37.70

 

$38.90 – $38.90

 

 

94

 

 

 

4.0

 

 

$

38.90

 

 

 

94

 

 

$

38.90

 

$39.33 – $42.41

 

 

84

 

 

 

6.9

 

 

$

40.53

 

 

 

25

 

 

$

42.12

 

$44.10 – $45.92

 

 

11

 

 

 

8.4

 

 

$

44.41

 

 

 

2

 

 

$

45.92

 

$46.91 – $46.91

 

 

74

 

 

 

4.9

 

 

$

46.91

 

 

 

74

 

 

$

46.91

 

$48.75 – $53.22

 

 

85

 

 

 

3.0

 

 

$

53.16

 

 

 

85

 

 

$

53.16

 

$22.27 – $53.22

 

 

717

 

 

 

4.9

 

 

$

39.39

 

 

 

538

 

 

$

40.64

 

As of December 30, 2025, total unrecognized stock-based compensation expense related to non-vested stock options was approximately $1.9 million, which is expected to be recognized over a weighted average remaining recognition period of 2.0 years.

Restricted Stock Units

Service-Based Restricted Stock Units

The following table presents service-based restricted stock unit activity:

 

 

 

Shares
(in thousands)

 

 

Weighted
Average
Fair Value

 

Outstanding at January 3, 2023

 

 

729

 

 

$

34.10

 

Granted

 

 

344

 

 

$

28.93

 

Released

 

 

(169

)

 

$

37.69

 

Forfeited

 

 

(82

)

 

$

31.62

 

Outstanding at January 2, 2024

 

 

822

 

 

$

31.46

 

Granted

 

 

306

 

 

$

33.13

 

Released

 

 

(232

)

 

$

37.80

 

Forfeited

 

 

(124

)

 

$

29.94

 

Outstanding at December 31, 2024

 

 

772

 

 

$

30.45

 

Granted

 

 

230

 

 

$

36.08

 

Released

 

 

(192

)

 

$

28.91

 

Forfeited

 

 

(105

)

 

$

31.12

 

Outstanding at December 30, 2025

 

 

705

 

 

$

32.62

 

As of December 30, 2025, total unrecognized stock-based compensation expense related to non-vested service-based RSUs was approximately $10.1 million, which is expected to be recognized over a weighted average remaining recognition period of 2.9 years.

Performance-Based Restricted Stock Units

The following table presents performance-based restricted stock unit activity:

 

 

 

Shares
(in thousands)

 

 

Weighted
Average
Fair Value

 

Outstanding at January 3, 2023

 

 

123

 

 

$

38.89

 

Granted

 

 

52

 

 

$

31.87

 

Released

 

 

(40

)

 

$

38.90

 

Forfeited

 

 

(7

)

 

$

35.01

 

Outstanding at January 2, 2024

 

 

128

 

 

$

36.24

 

Granted

 

 

79

 

 

$

39.09

 

Released

 

 

(65

)

 

$

46.91

 

Forfeited

 

 

(59

)

 

$

32.93

 

Outstanding at December 31, 2024

 

 

83

 

 

$

32.89

 

Granted

 

 

112

 

 

$

37.39

 

Released

 

 

(40

)

 

$

32.27

 

Forfeited

 

 

(37

)

 

$

35.23

 

Outstanding at December 30, 2025

 

 

118

 

 

$

36.63

 

 

The fair value of performance-based RSUs, which include a market-based metric, was estimated on the grant date using the Monte Carlo simulation model with the following assumptions:

 

 

 

Fiscal Year

 

 

2025

 

 

2024

 

 

2023

Volatility

 

 

48.0

%

 

 

49.8

%

 

n/a

Risk-free interest rate

 

 

4.2

%

 

 

3.8

%

 

n/a

Expected life (years)

 

3

 

 

3

 

 

n/a

Expected dividend yield

 

 

—

%

 

 

—

%

 

n/a

Fair value of market-based awards granted

 

$

37.98

 

 

$

34.79

 

 

n/a

As of December 30, 2025, the total unrecognized stock-based compensation expense related to non-vested performance-based RSUs was approximately $2.0 million, which is expected to be recognized over a weighted average remaining recognition period of 1.8 years.

v3.25.4
Benefit Plans
 12 Months Ended
Dec. 30, 2025
Retirement Benefits [Abstract]  
Benefit Plans

13. Benefit Plans

We maintain a voluntary, contributory 401(k) plan for eligible team members. Team members may elect to contribute up to the IRS maximum for the plan year. Additionally, eligible participants may also elect catch-up contributions as provided for by the IRS. Our executive officers and other highly compensated team members are not eligible to participate in the 401(k) plan. Team member contributions are matched by us at a rate of 33% for the first 6% of deferred earnings. We contributed approximately $0.9 million, $0.8 million and $0.8 million in fiscal 2025, 2024 and 2023, respectively.

We also maintain a non-qualified deferred compensation plan (the “DCP”) for our executive officers and other highly compensated team members, as defined in the DCP, who are otherwise ineligible for participation in our 401(k) plan. The DCP allows participating team members to defer the receipt of a portion of their base compensation and up to 100% of their eligible bonuses. Additionally, the DCP allows for a voluntary company match as determined by our compensation committee. During fiscal 2025, there were no Company contributions made or accrued. We pay for related administrative costs, which were not material during fiscal 2025. Team member deferrals are deposited into a rabbi trust, and the funds are generally invested in individual variable life insurance contracts owned by us that are specifically designed to informally fund savings plans of this nature. Our investment in variable life insurance contracts, reflected in “Other assets, net” on our Consolidated Balance Sheets, was $13.5 million and $12.8 million as of December 30, 2025, and December 31, 2024, respectively. Our obligation to participating team members, included in “Other liabilities” on the accompanying Consolidated Balance Sheets, was $14.0 million and $13.2 million as of December 30, 2025, and December 31, 2024, respectively. All income and expenses related to the rabbi trust are reflected in our Consolidated Statements of Operations.
v3.25.4
Related Party Transactions
 12 Months Ended
Dec. 30, 2025
Related Party Transactions [Abstract]  
Related Party Transactions

14. Related Party Transactions

BJ’s Act III, LLC

On December 30, 2024, the Company agreed to extend Act III's warrant termination date by two years to May 4, 2027, and recorded a related expense of $4.6 million within “Other (expense) income, net” on our Consolidated Statements of Operations. See Note 10 for further information.

Equity Method Investment

During fiscal 2022, we contributed assets valued at $5.0 million to a company, in which our former Board member and former Chief Executive Officer has a less than 1% interest. We recorded this non-cash contribution, in exchange for a 20% ownership of the company, as an investment within “Equity method investment” on our Consolidated Balance Sheets, and the related gain within “Loss on disposal and impairment of assets, net” on our Consolidated Statements of Operations. During fiscal 2025, the company obtained additional funding, and as a result our ownership interest decreased from 20% to 17%. For fiscal 2025, 2024, and 2023, we recorded a net loss related to the investment of $0.2 million, $0.5 million and $0.2 million, respectively, within “Other income, net,” and accordingly adjusted the investment carrying amount on our Consolidated Balance Sheets.

v3.25.4
Segment Information
 12 Months Ended
Dec. 30, 2025
Segment Reporting [Abstract]  
Segment Information

15. Segment Information

We currently operate in one operating segment: full-service company-owned restaurants and in one geographic area: the United States of America. We do not have intra-entity sales or transfers. Our revenues are comprised of food and beverage sales from our restaurants, including takeout, delivery and catering sales. Our Chief Operating Decision Maker (“CODM”) is our chief

executive officer and president, and he assesses performance and decides how to allocate resources based on income from operations, which is also reported on our Consolidated Statements of Operations. Additionally, the measure of segment assets is reported on our Consolidated Balance Sheets as total assets. Our CODM uses net income to evaluate income generated from our segment assets and decides whether to reinvest profits into other parts of our business.

Reported segment revenue and expenses is presented below (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Revenues

 

$

1,399,126

 

 

$

1,357,302

 

 

$

1,333,229

 

Less:

 

 

 

 

 

 

 

 

 

Cost of sales

 

 

351,688

 

 

 

348,835

 

 

 

344,945

 

Labor and benefits

 

 

492,609

 

 

 

486,330

 

 

 

480,867

 

Occupancy and operating

 

 

338,593

 

 

 

326,544

 

 

 

329,630

 

Other segment items (1)

 

 

93,355

 

 

 

108,768

 

 

 

93,036

 

Depreciation and amortization

 

 

76,571

 

 

 

72,745

 

 

 

70,992

 

Income from operations

 

 

46,310

 

 

 

14,080

 

 

 

13,759

 

 

 

 

 

 

 

 

 

 

 

Reconciliation to net income:

 

 

 

 

 

 

 

 

 

Interest expense, net

 

 

(4,745

)

 

 

(5,484

)

 

 

(4,915

)

Other income (expense), net

 

 

5,668

 

 

 

(331

)

 

 

1,256

 

Income tax benefit

 

 

1,575

 

 

 

8,422

 

 

 

9,560

 

Net income

 

$

48,808

 

 

$

16,687

 

 

$

19,660

 

 

(1) Other segment items consist of amounts related to general and administrative expenses, restaurant opening expenses, and loss on disposal of and impairment of assets, net.
v3.25.4
The Company and Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 30, 2025
Accounting Policies [Abstract]  
Description of Business

Description of Business

BJ’s Restaurants, Inc. (referred to herein as the “Company,” “BJ’s,” “we,” “us” and “our”) was incorporated in California on October 1, 1991, to assume the management of five “BJ’s Chicago Pizzeria” restaurants and to develop additional BJ’s restaurants. As of December 30, 2025, we owned and operated 219 restaurants located in 31 states. During fiscal 2025, we opened one new restaurant. Four of our restaurants with in-house brewing facilities, in addition to our two brewpub locations in Texas, brew our signature, proprietary craft BJ’s beer. All of our other restaurants receive their BJ’s beer either from one of our restaurant brewing operations, our Texas brewpubs and/or independent third-party brewers using our proprietary recipes.
Basis of Presentation

Basis of Presentation

The accompanying consolidated financial statements include the accounts of BJ’s Restaurants, Inc. and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. The financial statements presented herein include all material adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair statement of the financial condition, results of operations and cash flows for the period.

The consolidated financial statements and accompanying notes have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). The Company had no components of other comprehensive income (loss) during any of the years presented, as such; a consolidated statement of comprehensive income (loss) is not presented.

The preparation of financial statements in conformity U.S. GAAP requires management to make estimates and assumptions for the reporting period and as of the financial statement date. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses. Actual results could differ from those estimates.

Our fiscal year consists of 52 or 53 weeks and ends on the Tuesday closest to December 31 for financial reporting purposes. Fiscal years 2025, 2024 and 2023 ended on December 30, 2025, December 31, 2024, and January 2, 2024, respectively, and consisted of 52 weeks of operations.

Recently Adopted Accounting Standards

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU includes amendments requiring enhanced income tax disclosures, primarily related to standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The guidance is effective for fiscal years beginning after December 15, 2024, with early adoption permitted, and should be applied either prospectively or retrospectively. We adopted ASU 2023-09 retrospectively effective December 30, 2025, and the enhanced disclosures are included in Note 11 to our consolidated financial statements. The adoption of this ASU had no impact on our consolidated financial statements.
Recently Adopted / Issued Accounting Standards

Recently Adopted Accounting Standards

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU includes amendments requiring enhanced income tax disclosures, primarily related to standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The guidance is effective for fiscal years beginning after December 15, 2024, with early adoption permitted, and should be applied either prospectively or retrospectively. We adopted ASU 2023-09 retrospectively effective December 30, 2025, and the enhanced disclosures are included in Note 11 to our consolidated financial statements. The adoption of this ASU had no impact on our consolidated financial statements.

Recently Issued Accounting Standards

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (Subtopic 220-40). The ASU requires public entities to disaggregate, in a tabular presentation, certain income statement expenses into different categories, such as purchases of inventory, employee compensation, depreciation, and intangible asset amortization. The guidance is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted, and may be applied retrospectively. We are currently evaluating the impact of adopting the new ASU on our consolidated financial statements and related disclosures.

In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic: 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The ASU modernizes certain aspects of the accounting for software costs to develop or obtain software for internal use under Accounting Standards Codification 350-40. The ASU requires entities to begin capitalizing software costs when management authorizes and commits to funding the software project, and it is probable that the project will be completed and the software will be used for its intended purpose. The guidance is effective for fiscal years beginning after December 15, 2027, and interim periods within those fiscal years, and early adoption is permitted. We are currently evaluating the impact of adopting this new ASU on our consolidated financial statements and related disclosures.
Segment Disclosure

Segment Disclosure

The FASB ASC Topic 280, Segment Reporting, establishes standards for disclosures about different types of business activities in which we engage and the different economic environments in which we operate. We currently operate in one operating segment: full-service company-owned restaurants. Additionally, we operate in one geographic area: the United States of America.
Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents consist of highly liquid investments and money market funds with an original maturity of three months or less when purchased. Cash and cash equivalents are stated at cost, which approximates fair market value.
Concentration of Credit Risk

Concentration of Credit Risk

Financial instruments that potentially subject us to a concentration of credit risk and credit losses are credit card receivables and trade receivables consisting primarily of amounts due from gift card resellers, third-party delivery companies and vendor rebates. We consider the concentration of credit risk for gift card resellers, third-party delivery companies and vendor rebates to be minimal due to the payment histories and general financial condition of these gift card resellers and vendors. See Note 3 for disclosure of trade receivables by category as of December 30, 2025, and December 31, 2024. Additionally, we currently maintain our day-to-day operating cash balances with a major financial institution. At times, our operating cash balances may be in excess of the FDIC insurance limit.

Concentration of Supplier Risk

Concentration of Supplier Risk

We rely on a leading foodservice distributor to deliver the majority of our food products to our restaurants. We also have an agreement with the largest nationwide foodservice distributor of fresh produce in the United States to service most of our restaurants and, where licensed, to distribute our proprietary craft beer to our restaurants. In instances where these parties fail to fulfill their obligations, we may be unable to find alternative suppliers.

Inventories

Inventories

Inventories are comprised primarily of food and beverage products and are stated at the lower of cost (first-in, first-out) or net realizable value.

Property and Equipment

Property and Equipment

Property and equipment are recorded at cost and depreciated over their estimated useful lives. Leasehold improvements are amortized over the lesser of the estimated useful life of the asset or the lease term, including reasonably assured renewal periods or exercised options, of the respective lease, whichever is shorter. Renewals and betterments that materially extend the life of an asset are capitalized while maintenance and repair costs are expensed as incurred. Internal costs associated with the acquisition, development and construction of our restaurants are capitalized and allocated to the projects which they relate. When property and equipment are sold or otherwise disposed of, the asset accounts and related accumulated depreciation or amortization accounts are relieved, and any gain or loss is included in earnings. Additionally, any interest capitalized for new restaurant construction is included in “Property and equipment, net” on our Consolidated Balance Sheets.

Depreciation and amortization are recorded using the straight-line method over the following estimated useful lives:

 

Furniture and fixtures

3‑10 years

Equipment

5‑10 years

Brewing equipment

1-20 years

Building improvements

the shorter of 20 years or the remaining lease term

Leasehold improvements

the shorter of the useful life or the lease term,

 

including reasonably assured renewal periods
Goodwill

Goodwill

We perform impairment testing annually, during the fourth quarter, and more frequently if factors and circumstances indicate impairment may have occurred. When evaluating goodwill for impairment, we first perform a qualitative assessment to determine whether it is more likely than not that the fair value of our reporting unit is less than its carrying value. We currently have one reporting unit, which is full-service company-owned restaurants in the United States of America. If it is concluded that the fair value of our reporting unit is less than the goodwill carrying value, we estimate the fair value of the reporting unit and compare it to the carrying value of the reporting unit, including goodwill. If the carrying value of the reporting unit is

greater than the estimated fair value, an impairment charge is recorded for the difference between the implied fair value of goodwill and its carrying amount. To calculate the implied fair value of the reporting unit’s goodwill, the fair value of the reporting unit is first allocated to all of the other assets and liabilities of that unit based on their relative fair values. The excess of the reporting unit’s fair value over the amount assigned to its other assets and liabilities is the implied fair value of goodwill. An impairment loss would be recognized when the carrying amount of goodwill exceeds its implied fair value. This adjusted carrying value becomes the new goodwill accounting basis value. Based on our impairment assessment, we did not record any impairment to goodwill during fiscal 2025, 2024 or 2023.

Long-Lived Assets

Long-Lived Assets

We assess the potential impairment of our long-lived assets whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. The assets are generally reviewed for impairment on a restaurant level basis, and inclusive of property and equipment and lease right-of-use assets; or at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets. Factors considered include, but are not limited to, significant underperformance by the restaurant relative to historical operating results; significant changes in the manner of use of the assets or the strategy for the overall business; significant negative industry or economic trends; or our expectation to dispose of long-lived assets before the end of their previously estimated useful lives. We use the undiscounted cash flow method to assess the recoverability of potentially impaired long-lived assets by comparing the carrying value of the assets to the undiscounted cash flows expected to be generated by the assets. If the carrying value of the assets exceeds the undiscounted cash flows expected to be generated by the assets, an impairment charge is recognized for the amount by which the carrying value exceeds the fair value of the assets. We measure the fair value by discounting estimated future cash flows using assumptions that are consistent with what a market participant would use. As a result of this analysis, in fiscal 2024 and fiscal 2023, we recorded a $12.1 million and $3.4 million impairment charge to operating income, respectively, for the amount by which the carrying value of the restaurant’s assets exceeded its fair value estimated using the discounted cash flow method. In fiscal 2025, the analysis did not result in an impairment charge.
Self-Insurance Liability

Self-Insurance Liability

We retain large deductibles or self-insured retentions for a portion of our general liability insurance and our team member workers’ compensation programs. We maintain coverage with a third-party insurer to limit our total exposure for these programs. The accrued liability associated with these programs is based on our estimate of the ultimate costs within our retention amount to settle known claims as well as claims incurred but not yet reported to us (“IBNR claims”) as of the balance sheet dates. Our estimated liability is based on information provided by a third-party actuary, combined with our judgments regarding a number of assumptions and factors, including the frequency and severity of claims, our loss development factors, loss cost, history, case jurisdiction, related legislation, and our claims settlement practice. Significant judgment is required to estimate IBNR claims as parties have yet to assert such claims.

Revenue Recognition

Revenue Recognition

Revenues from food and beverage sales at restaurants are recognized when payment is tendered. Amounts paid with a credit card are recorded in accounts and other receivables until payment is collected from the credit card processor. We sell gift cards which do not have an expiration date and we do not deduct non-usage fees from outstanding gift card balances. Gift card sales are recorded as a liability and recognized as revenues upon redemption in our restaurants.

Based on historical redemption rates, a portion of our gift card sales are not expected to be redeemed and will be recognized as gift card “breakage.” Estimated gift card breakage is recorded as “Revenues” on our Consolidated Statements of Operations and recognized in proportion to our historical redemption pattern, unless there is a legal obligation to remit the unredeemed gift cards to government authorities.

Our “BJ’s Premier Rewards Plus” guest loyalty program enables participants to earn points for qualifying purchases that can be redeemed for food and beverages in the future. We allocate the transaction price between the goods delivered and the future goods that will be delivered, on a relative standalone selling price basis, and defer the revenues allocated to the points, less expected expirations, until such points are redeemed.
Cost of Sales

Cost of Sales

Cost of sales is comprised of food and beverage costs, including the cost to produce and distribute our proprietary craft beer, soda and ciders. The components of cost of sales are variable and typically fluctuate directly with sales volumes but may be impacted by changes in commodity prices or promotional activities.

Sales Taxes

Sales Taxes

Revenues are presented net of sales tax collected. The obligations to the appropriate tax authorities are included in other accrued expenses until the taxes are remitted to the appropriate taxing authorities.

Advertising Costs

Advertising Costs

Advertising costs are expensed as incurred. Advertising costs for fiscal 2025, 2024 and 2023 were approximately $30.5 million, $26.5 million and $23.4 million, respectively. Advertising costs are primarily included in “Occupancy and operating” expenses on our Consolidated Statements of Operations.
Income Taxes

Income Taxes

We utilize the liability method of accounting for income taxes. Deferred income taxes are recognized based on the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end based on enacted tax laws and statutory tax rates applicable to the periods in which differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The provision for income taxes represents the tax payable for the period and the change during the period in deferred tax assets and liabilities.

We provide for income taxes based on our expected federal and state tax liabilities. Our estimates include, but are not limited to, effective federal, state and local income tax rates, allowable tax credits for items such as Federal Insurance Contributions Act (“FICA”) taxes paid on reported tip income and estimates related to depreciation expense allowable for tax purposes. We usually file our income tax returns several months after our fiscal year-end. All tax returns are subject to audit by federal and state governments for years after the returns are filed and could be subject to differing interpretations of the tax laws.

We recognize the impact of a tax position in our financial statements if that position is more likely than not of being sustained through an audit, based on the technical merits of the position. Interest and penalties related to uncertain tax positions are included in “Income tax (benefit) expense” on our Consolidated Statements of Operations.
Restaurant Opening Expense

Restaurant Opening Expense

Restaurant payroll, supplies, training, other start-up costs and rent expense incurred prior to the opening of a new restaurant are expensed as incurred.

Leases

Leases

We determine if a contract contains a lease at inception. Our material operating leases consist of restaurant locations and office space. U.S. GAAP requires that our leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date, and the lease term used in the evaluation includes the non-cancellable period for which we have the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option would result in an economic penalty. All of our restaurant and office space leases are classified as operating leases. We have elected to account for lease and non-lease components as a single lease component for office and beverage equipment. We do not have any finance leases.

We have elected the short-term lease recognition exemption for all classes of underlying assets. Leases with an initial term of 12 months or less that do not include an option to purchase the underlying asset that we are reasonably certain to exercise are not recorded on the balance sheet. Expense for short-term leases is recognized on a straight-line basis over the lease term.

We disburse cash for leasehold improvements, furniture and fixtures and equipment to build out and equip our leased premises. Tenant improvement allowance incentives may be available to partially offset the cost of developing and opening the related restaurants, pursuant to agreed-upon terms in our leases. Tenant improvement allowances can take the form of cash payments upon the opening of the related restaurants, full or partial credits against minimum or percentage rents otherwise payable by us, or a combination thereof. All tenant improvement allowances received by us are recorded as a contra operating lease asset and amortized over the term of the lease.

The lease term used for straight-line rent expense is calculated from the commencement date (the date we take possession of the premises) through the lease termination date (including any options where exercise is reasonably certain and failure to exercise such option would result in an economic penalty). We expense rent from commencement date through restaurant open date as preopening expense. Once a restaurant opens for business, we record straight-line rent expense plus any additional variable contingent rent expense to the extent it is due under the lease agreement.

There is potential for variability in the rent holiday period, which begins on the commencement date and ends on the restaurant open date, during which no cash rent payments are typically due under the terms of the lease. Factors that may affect the length

of the rent holiday period generally pertain to construction-related delays. Extension of the rent holiday period due to delays in restaurant opening will result in greater preopening rent expense recognized during the rent holiday period and lesser occupancy expense during the rest of the lease term (post-opening).

We record a lease liability equal to the present value of future payments discounted at the estimated fully collateralized incremental borrowing rate (discount rate) corresponding with the lease term. Our lease liability calculation is the total rent payable during the lease term, including rent escalations in which the amount of future rent is certain or fixed. This liability is reduced monthly by the minimum rents paid, offset by the imputed interest. A corresponding operating lease asset is also recorded equaling the initial amount of the lease liability, plus any lease payments made to the lessor before or at the lease commencement date and any initial direct costs incurred, less any lease incentives received. Monthly, this asset is reduced by the straight-line rent, offset by the imputed interest.

Certain leases contain provisions that require additional rent payments based upon restaurant sales volume. Contingent rent is accrued each period as the liabilities are incurred, in addition to the straight-line rent expense noted above. This results in some variability in occupancy expense as a percentage of revenues over the term of the lease in restaurants where we pay contingent rent. We monitor for events or changes in circumstances that require reassessment of our leases. When a reassessment results in the re-measurement of a lease liability, a corresponding adjustment is made to the carrying amount of the operating lease asset.

Management makes judgments regarding the reasonably certain lease term and incremental borrowing rate for each restaurant property lease, which can impact the classification and accounting for a lease as finance or operating, the rent holiday and/or escalations in payments that are taken into consideration when calculating straight-line rent, and the term over which leasehold improvements for each restaurant are amortized.

Net Income Per Share

Net Income Per Share

Basic and diluted net income per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. The number of diluted shares reflects the potential dilution that could occur if holders of in-the-money options and warrants were to exercise their right to convert these instruments into common stock and unvested restricted stock units (“RSUs”) were to vest. Additionally, performance-based RSUs are considered contingent shares; therefore, at each reporting date we determine the probable number of shares that will vest and include these contingently issuable shares in our diluted share calculation unless they are anti-dilutive. Once these performance-based RSUs vest, they are included in our basic net income per share calculation.

The following table presents a reconciliation of basic and diluted net income per share, including the number of dilutive equity awards that were included in the dilutive net income per share computation (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

48,808

 

 

$

16,687

 

 

$

19,660

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding - basic

 

 

21,980

 

 

 

23,132

 

 

 

23,452

 

Dilutive effect of equity awards

 

 

642

 

 

 

636

 

 

 

471

 

Weighted-average shares outstanding - diluted

 

 

22,622

 

 

 

23,768

 

 

 

23,923

 

 

At December 30, 2025, December 31, 2024, and January 2, 2024, there were approximately 0.6 million, 1.0 million, and 0.9 million, respectively, of common stock equivalents that have been excluded from the calculation of diluted net income per share because they are anti-dilutive.
Stock-Based Compensation

Stock‑Based Compensation

Our current shareholder approved stock-based compensation plan is the BJ’s Restaurants, Inc. 2024 Equity Incentive Plan, (as it may be amended from time to time, “the Plan”). Under the Plan, we may issue shares of our common stock to team members, officers, directors and consultants. We grant non-qualified stock options, and service- and performance-based RSUs. Since fiscal 2024, we also grant performance-based RSUs with market-based metrics. Additionally, we issue service-based RSUs in connection with the BJ’s Gold Standard Stock Ownership Program (the “GSSOP”), a long-term equity incentive program under the Plan for our restaurant general managers, executive kitchen managers, directors of operations and directors of kitchen operations. All GSSOP participants are required to remain in good standing during their vesting period.

All options granted under the Plan expire within 10 years of their date of grant. Awards of stock options or stock appreciation rights are charged against the Plan share reserve on the basis of one share for each option granted. All other awards are charged against the 2024 Plan share reserve on the basis of 1.5 shares for each award unit granted. We estimate forfeitures based on historical data and we take into consideration future expectations. The Plan also contains other limits on the terms of incentive grants such as the maximum number that can be granted to a team member during any fiscal year.

We use the Black-Scholes option-pricing model to determine the fair value of our stock options, and we use the Monte Carlo simulation model to determine the fair value of our performance-based RSUs that include a market-based metric. Both valuation models require management to make assumptions regarding stock price, volatility, the expected life of the award, risk-free interest rate and expected dividend yield. The fair value of service-based and performance-based RSUs without market-based metrics, is equal to the fair value of our common stock at market close on the grant date, or the last trading day prior to the grant date if the grant occurs on a day when the market is closed.

The grant date fair value of each stock option, service-based RSU, and performance-based RSU with market-based metrics is recognized as stock-based compensation expense on a straight-line basis over the applicable vesting period (e.g., one, three or five years). For performance-based RSUs without market-based metrics, stock-based compensation expense recognition is recognized based on the estimated number of awards that is expected to vest, which is reassessed each reporting period based on management’s current estimate of achievement of the applicable performance goals. Forfeitures are estimated based on historical experience and adjusted for future expectations.

The Plan permits our Board of Directors to set the vesting terms and exercise period for awards at their discretion; however, the grant of awards with no minimum vesting period or a vesting period less than one year may not exceed 5% of the total number of shares authorized under the Plan. Stock options and service-based RSUs cliff vest at one year or ratably over three years for non-GSSOP participants, and either cliff vest at five years or cliff vest at 33% on the third anniversary and 67% on the fifth anniversary for GSSOP participants. Performance-based RSUs cliff vest on the third anniversary of the grant date in an amount from 0% to 150% of the grant quantity, depending on the level of performance target achievement.

v3.25.4
The Company and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 30, 2025
Accounting Policies [Abstract]  
Estimated Useful Lives

Depreciation and amortization are recorded using the straight-line method over the following estimated useful lives:

 

Furniture and fixtures

3‑10 years

Equipment

5‑10 years

Brewing equipment

1-20 years

Building improvements

the shorter of 20 years or the remaining lease term

Leasehold improvements

the shorter of the useful life or the lease term,

 

including reasonably assured renewal periods
Reconciliation of Basic and Diluted Net Income Per Share Computations and Number of Dilutive Equity Awards Included in Dilutive Net Income Per Share Computation

The following table presents a reconciliation of basic and diluted net income per share, including the number of dilutive equity awards that were included in the dilutive net income per share computation (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

48,808

 

 

$

16,687

 

 

$

19,660

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding - basic

 

 

21,980

 

 

 

23,132

 

 

 

23,452

 

Dilutive effect of equity awards

 

 

642

 

 

 

636

 

 

 

471

 

Weighted-average shares outstanding - diluted

 

 

22,622

 

 

 

23,768

 

 

 

23,923

 
v3.25.4
Revenue Recognition (Tables)
 12 Months Ended
Dec. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognized on Consolidated Statements of Operations for Redemption of Gift Cards and Loyalty Rewards Deferred

Revenue recognized on our Consolidated Statements of Operations for the redemption of gift cards and loyalty rewards deferred at the beginning of each respective fiscal year were as follows (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Revenue recognized from gift card liability

 

$

10,691

 

 

$

10,629

 

 

$

11,261

 

Revenue recognized from guest loyalty program

 

$

9,139

 

 

$

7,031

 

 

$

7,166

 
v3.25.4
Accounts and Other Receivables (Tables)
 12 Months Ended
Dec. 30, 2025
Receivables [Abstract]  
Schedule of Accounts and Other Receivables

Accounts and other receivables consisted of the following (in thousands):

 

 

 

December 30, 2025

 

 

December 31, 2024

 

Credit cards

 

$

8,191

 

 

$

8,526

 

Third-party gift card sales

 

 

4,128

 

 

 

3,984

 

Third-party delivery

 

 

939

 

 

 

3,885

 

Income taxes

 

 

2,144

 

 

 

864

 

Other

 

 

2,989

 

 

 

3,143

 

 

 

$

18,391

 

 

$

20,402

 

r
v3.25.4
Property and Equipment (Tables)
 12 Months Ended
Dec. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

Property and equipment consisted of the following (in thousands):

 

 

 

December 30, 2025

 

 

December 31, 2024

 

Land

 

$

3,472

 

 

$

2,523

 

Building improvements

 

 

433,514

 

 

 

428,366

 

Leasehold improvements

 

 

360,152

 

 

 

345,916

 

Furniture and fixtures

 

 

176,831

 

 

 

172,804

 

Equipment

 

 

454,589

 

 

 

424,839

 

Construction in progress

 

 

3,262

 

 

 

13,269

 

Property and equipment, gross

 

 

1,431,820

 

 

 

1,387,717

 

Accumulated depreciation and amortization

 

 

(929,712

)

 

 

(877,136

)

Property and equipment, net

 

$

502,108

 

 

$

510,581

 
v3.25.4
Accrued Expenses (Tables)
 12 Months Ended
Dec. 30, 2025
Payables and Accruals [Abstract]  
Accrued Expenses

Accrued expenses consisted of the following (in thousands):

 

 

 

December 30, 2025

 

 

December 31, 2024

 

Payroll related

 

$

27,543

 

 

$

24,669

 

Workers’ compensation and general liability

 

 

23,442

 

 

 

22,216

 

Deferred revenue from gift cards

 

 

16,060

 

 

 

15,668

 

Deferred loyalty revenue

 

 

3,023

 

 

 

2,910

 

Insurance related

 

 

4,981

 

 

 

4,164

 

Sales taxes

 

 

7,011

 

 

 

7,254

 

Other taxes

 

 

7,891

 

 

 

8,694

 

Other current rent related

 

 

3,279

 

 

 

2,806

 

Utilities

 

 

2,655

 

 

 

2,475

 

Merchant cards

 

 

2,422

 

 

 

2,239

 

Maintenance related

 

 

912

 

 

 

289

 

Leadership transition related

 

 

835

 

 

 

2,829

 

Consulting related

 

 

—

 

 

 

2,135

 

Other

 

 

5,282

 

 

 

6,968

 

 

 

$

105,336

 

 

$

105,316

 
v3.25.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 30, 2025
Fair Value Disclosures [Abstract]  
Summary of Fair Value of Assets and Liabilities Measured on Recurring Basis The following table presents the fair values for our financial assets and liabilities measured on a recurring basis (in thousands):

 

 

 

Level

 

December 30, 2025

 

 

December 31, 2024

 

Deferred compensation plan - liabilities

 

1

 

$

14,042

 

 

$

13,179

 
v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 30, 2025
Leases [Abstract]  
Summary of Lease Costs

Lease costs included on the Consolidated Statements of Operations consisted of the following (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Lease cost

 

$

59,104

 

 

$

57,836

 

 

$

59,268

 

Variable lease cost

 

 

3,770

 

 

 

3,567

 

 

 

3,864

 

Total lease costs

 

$

62,874

 

 

$

61,403

 

 

$

63,132

 
Summary of Weighted-Average Lease Term and Discount Rate

Weighted-average lease term and discount rate were as follows:

 

 

 

December 30, 2025

 

December 31, 2024

Weighted-average remaining lease term

 

9.6 Years

 

10.3 Years

Weighted-average discount rate

 

5.9

 

5.9

 
Summary of Operating Lease Obligation Maturities

Operating lease obligation maturities as of December 30, 2025, were as follows (in thousands):

 

2026

 

$

66,527

 

2027

 

 

65,120

 

2028

 

 

62,322

 

2029

 

 

56,731

 

2030

 

 

49,240

 

Thereafter

 

 

246,888

 

Total lease payments

 

 

546,828

 

Less: imputed interest

 

 

(141,070

)

Present value of operating lease obligations

 

$

405,758

 
v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 30, 2025
Income Tax Disclosure [Abstract]  
Income Before Income Tax Expense

Income before income tax expense (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

United States

 

$

47,233

 

 

$

8,265

 

 

$

10,100

 

Total income before income taxes

 

$

47,233

 

 

$

8,265

 

 

$

10,100

 

 

 

 

 

 

 

 

 

 

 

 
Income Tax Benefit

Income tax benefit consists of the following (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Current:

 

 

 

 

 

 

 

 

 

Federal

 

$

1,085

 

 

$

2,780

 

 

$

1,378

 

State

 

 

2,322

 

 

 

969

 

 

 

897

 

 

 

 

3,407

 

 

 

3,749

 

 

 

2,275

 

Deferred:

 

 

 

 

 

 

 

 

 

Federal

 

 

(5,167

)

 

 

(10,891

)

 

 

(11,344

)

State

 

 

185

 

 

 

(1,280

)

 

 

(491

)

 

 

 

(4,982

)

 

 

(12,171

)

 

 

(11,835

)

 

 

 

 

 

 

 

 

 

 

Income tax benefit

 

$

(1,575

)

 

$

(8,422

)

 

$

(9,560

)
Provision for Income Taxes Differs from Amount that would Result from Applying Federal Statutory Rate

The provision for income taxes differs from the amount that would result from applying the federal statutory rate as follows (dollar amounts in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Income tax at statutory rates

 

$

9,919

 

 

21.0

%

 

$

1,739

 

 

21.0

%

 

$

2,121

 

 

21.0

%

State income taxes, net of federal benefit (1)

 

 

2,168

 

 

4.6

 

 

 

458

 

 

5.5

 

 

 

583

 

 

5.8

 

Permanent differences

 

 

(427

)

 

(0.9

)

 

 

875

 

 

10.6

 

 

 

776

 

 

7.7

 

Income tax credits (2)

 

 

(12,547

)

 

(26.5

)

 

 

(12,186

)

 

(147.1

)

 

 

(11,910

)

 

(117.9

)

Return to provision

 

 

49

 

 

0.1

 

 

 

35

 

 

0.4

 

 

 

90

 

 

0.9

 

Stock warrant extension

 

 

—

 

 

—

 

 

 

971

 

 

11.7

 

 

 

—

 

 

—

 

Prior year tax credit true-up

 

 

(30

)

 

(0.1

)

 

 

357

 

 

4.3

 

 

 

(649

)

 

(6.4

)

Change in unrecognized tax benefit

 

 

(127

)

 

(0.3

)

 

 

(14

)

 

(0.2

)

 

 

(237

)

 

(2.3

)

Change in valuation allowance

 

 

(186

)

 

(0.4

)

 

 

(703

)

 

(8.5

)

 

 

(262

)

 

(2.6

)

Other, net

 

 

(394

)

 

(0.8

)

 

 

46

 

 

0.4

 

 

 

(72

)

 

(0.9

)

 

 

$

(1,575

)

 

(3.3

)%

 

$

(8,422

)

 

(101.9

)%

 

$

(9,560

)

 

(94.7

)%

 

(1)
State taxes in California made up the majority (greater than 50%) of the tax effect in this category for all years presented.
(2)
The FICA tax tip credit benefit made up the majority (greater than 90%) for all periods presented.
Income Taxes Paid

Income taxes paid consisted of the following (in thousands):

 

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

U.S. Federal

 

$

3,100

 

 

$

2,027

 

 

$

(4

)

State

 

 

 

 

 

 

 

 

 

California

 

 

950

 

 

 

496

 

 

 

(1,200

)

Texas

 

 

140

 

 

 

429

 

 

 

355

 

Virginia

 

 

—

 

 

 

(10

)

 

 

37

 

Other

 

 

559

 

 

 

383

 

 

 

83

 

State subtotal

 

 

1,649

 

 

 

1,298

 

 

 

(725

)

 

 

 

 

 

 

 

 

 

 

Total cash paid for income taxes (net of refunds)

 

$

4,749

 

 

$

3,325

 

 

$

(729

)
Components of Deferred Income Tax Asset (Liability)

The components of the deferred income tax asset (liability) consist of the following (in thousands):

 

 

 

December 30, 2025

 

 

December 31, 2024

 

Deferred income tax asset:

 

 

 

 

 

 

Accrued expenses

 

$

12,251

 

 

$

12,526

 

Other

 

 

4,518

 

 

 

8,436

 

Deferred revenues

 

 

—

 

 

 

23

 

Gift cards

 

 

1,223

 

 

 

1,128

 

Stock-based compensation

 

 

4,245

 

 

 

3,667

 

Operating lease liability

 

 

104,620

 

 

 

111,254

 

Income tax credits

 

 

86,933

 

 

 

74,826

 

Net operating losses

 

 

4,263

 

 

 

4,831

 

State tax

 

 

496

 

 

 

358

 

Gross deferred income tax asset

 

 

218,549

 

 

 

217,049

 

Valuation allowance

 

 

—

 

 

 

(186

)

Deferred income tax asset, net of valuation allowance

 

 

218,549

 

 

 

216,863

 

 

 

 

 

 

 

 

Deferred income tax liability:

 

 

 

 

Property and equipment

 

 

(53,754

)

 

 

(51,516

)

Intangible assets

 

 

(2,821

)

 

 

(2,807

)

Operating lease assets

 

 

(89,943

)

 

 

(96,255

)

Smallwares

 

 

(4,731

)

 

 

(3,967

)

Deferred income tax liability

 

 

(151,249

)

 

 

(154,545

)

Net deferred income tax asset

 

$

67,300

 

 

$

62,318

 
Changes in Valuation Allowance

Changes in valuation allowance were as follows (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Valuation allowance beginning of the year

 

$

186

 

 

$

889

 

 

$

1,151

 

Allowances taken or written off

 

 

(186

)

 

 

(703

)

 

 

(262

)

Valuation allowance end of the year

 

$

—

 

 

$

186

 

 

$

889

 
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Gross unrecognized tax benefits at beginning of year

 

$

874

 

 

$

967

 

 

$

1,249

 

Increases for tax positions taken in prior years

 

 

—

 

 

 

29

 

 

 

102

 

Decreases for tax positions taken in prior years

 

 

(46

)

 

 

—

 

 

 

—

 

Increases for tax positions taken in the current year

 

 

89

 

 

 

134

 

 

 

104

 

Lapse in statute of limitations

 

 

(123

)

 

 

(256

)

 

 

(488

)

Gross unrecognized tax benefits at end of year

 

$

794

 

 

$

874

 

 

$

967

 
v3.25.4
Stock-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 30, 2025
Stock-Based Compensation Recognized within Our Consolidated Financial Statements

The following table presents the stock-based compensation recognized within our consolidated financial statements (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Labor and benefits

 

$

2,407

 

 

$

2,452

 

 

$

2,583

 

General and administrative

 

 

5,708

 

 

 

6,177

 

 

 

8,319

 

Capitalized (1)

 

 

168

 

 

 

357

 

 

 

380

 

Total stock-based compensation

 

$

8,283

 

 

$

8,986

 

 

$

11,282

 

 

(1) Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on our Consolidated Balance Sheets.
Black-Scholes Option-Pricing Model, Assumptions to Estimate the Fair Value of Each Stock Option

The fair value of each stock option was estimated on the grant date using the Black‑Scholes option-pricing model with the following assumptions:

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Expected volatility

 

 

54.7

%

 

 

67.6

%

 

 

66.9

%

Risk-free interest rate

 

 

4.1

%

 

 

3.9

%

 

 

3.6

%

Expected option life

 

5 years

 

 

5 years

 

 

5 years

 

Dividend yield

 

 

—

 

 

 

—

 

 

 

—

 

Fair value of options granted

 

$

19.19

 

 

$

19.00

 

 

$

18.24

 

 
Stock Option Activity

Under our stock-based compensation plan, the exercise price of a stock option is required to equal or exceed the fair value of our common stock at market close on the option grant date or the last trading day prior to the date of grant when grants take place on a day when the market is closed. The following table presents stock option activity:

 

 

 

Options Outstanding

 

 

Options Exercisable

 

 

 

Shares
(in thousands)

 

 

Weighted
Average Exercise
Price

 

 

Shares
(in thousands)

 

 

Weighted
Average Exercise
Price

 

 

Weighted
Average
Remaining
Contractual Life

 

Outstanding at January 3, 2023

 

 

824

 

 

$

40.48

 

 

 

601

 

 

$

41.57

 

 

 

4.7

 

Granted

 

 

124

 

 

$

31.19

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(28

)

 

$

29.18

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(53

)

 

$

37.43

 

 

 

 

 

 

 

 

 

 

Outstanding at January 2, 2024

 

 

867

 

 

$

39.70

 

 

 

648

 

 

$

41.65

 

 

 

4.4

 

Granted

 

 

156

 

 

$

32.09

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(7

)

 

$

31.60

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(83

)

 

$

32.89

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2024

 

 

933

 

 

$

39.10

 

 

 

741

 

 

$

41.00

 

 

 

3.9

 

Granted

 

 

118

 

 

$

37.81

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(213

)

 

$

35.77

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(121

)

 

$

41.98

 

 

 

 

 

 

 

 

 

 

Outstanding at December 30, 2025

 

 

717

 

 

$

39.39

 

 

 

538

 

 

$

40.64

 

 

 

3.6

 
Information Relating to Significant Option Groups Outstanding

Information relating to significant option groups outstanding as of December 30, 2025, is as follows (shares in thousands):

 

 

 

Options Outstanding

 

 

Options Exercisable

 

Range of
 Exercise Prices

 

Outstanding

 

 

Weighted
Average
Remaining
Contractual Life

 

 

Weighted
Average Exercise
Price

 

 

Exercisable

 

 

Weighted
Average Exercise
Price

 

$22.27 – $31.86

 

 

100

 

 

 

7.5

 

 

$

31.45

 

 

 

39

 

 

$

31.22

 

$31.95 – $34.26

 

 

73

 

 

 

7.7

 

 

$

32.63

 

 

 

52

 

 

$

32.40

 

$34.28 – $35.95

 

 

96

 

 

 

3.4

 

 

$

35.46

 

 

 

67

 

 

$

35.95

 

$37.10 – $37.10

 

 

2

 

 

 

0.9

 

 

$

37.10

 

 

 

2

 

 

$

37.10

 

$37.70 – $37.70

 

 

98

 

 

 

2.0

 

 

$

37.70

 

 

 

98

 

 

$

37.70

 

$38.90 – $38.90

 

 

94

 

 

 

4.0

 

 

$

38.90

 

 

 

94

 

 

$

38.90

 

$39.33 – $42.41

 

 

84

 

 

 

6.9

 

 

$

40.53

 

 

 

25

 

 

$

42.12

 

$44.10 – $45.92

 

 

11

 

 

 

8.4

 

 

$

44.41

 

 

 

2

 

 

$

45.92

 

$46.91 – $46.91

 

 

74

 

 

 

4.9

 

 

$

46.91

 

 

 

74

 

 

$

46.91

 

$48.75 – $53.22

 

 

85

 

 

 

3.0

 

 

$

53.16

 

 

 

85

 

 

$

53.16

 

$22.27 – $53.22

 

 

717

 

 

 

4.9

 

 

$

39.39

 

 

 

538

 

 

$

40.64

 
Service-Based Restricted Stock Units  
Restricted Stock Unit Activity

The following table presents service-based restricted stock unit activity:

 

 

 

Shares
(in thousands)

 

 

Weighted
Average
Fair Value

 

Outstanding at January 3, 2023

 

 

729

 

 

$

34.10

 

Granted

 

 

344

 

 

$

28.93

 

Released

 

 

(169

)

 

$

37.69

 

Forfeited

 

 

(82

)

 

$

31.62

 

Outstanding at January 2, 2024

 

 

822

 

 

$

31.46

 

Granted

 

 

306

 

 

$

33.13

 

Released

 

 

(232

)

 

$

37.80

 

Forfeited

 

 

(124

)

 

$

29.94

 

Outstanding at December 31, 2024

 

 

772

 

 

$

30.45

 

Granted

 

 

230

 

 

$

36.08

 

Released

 

 

(192

)

 

$

28.91

 

Forfeited

 

 

(105

)

 

$

31.12

 

Outstanding at December 30, 2025

 

 

705

 

 

$

32.62

 
Performance-Based Restricted Stock Units  
Restricted Stock Unit Activity

The following table presents performance-based restricted stock unit activity:

 

 

 

Shares
(in thousands)

 

 

Weighted
Average
Fair Value

 

Outstanding at January 3, 2023

 

 

123

 

 

$

38.89

 

Granted

 

 

52

 

 

$

31.87

 

Released

 

 

(40

)

 

$

38.90

 

Forfeited

 

 

(7

)

 

$

35.01

 

Outstanding at January 2, 2024

 

 

128

 

 

$

36.24

 

Granted

 

 

79

 

 

$

39.09

 

Released

 

 

(65

)

 

$

46.91

 

Forfeited

 

 

(59

)

 

$

32.93

 

Outstanding at December 31, 2024

 

 

83

 

 

$

32.89

 

Granted

 

 

112

 

 

$

37.39

 

Released

 

 

(40

)

 

$

32.27

 

Forfeited

 

 

(37

)

 

$

35.23

 

Outstanding at December 30, 2025

 

 

118

 

 

$

36.63

 

 
Market-Based and Performance-Based Restricted Stock Units  
Monte Carlo Simulation Model, Weighted Average Assumptions Used to Estimate the Fair Value of Performance-Based RSUs

The fair value of performance-based RSUs, which include a market-based metric, was estimated on the grant date using the Monte Carlo simulation model with the following assumptions:

 

 

 

Fiscal Year

 

 

2025

 

 

2024

 

 

2023

Volatility

 

 

48.0

%

 

 

49.8

%

 

n/a

Risk-free interest rate

 

 

4.2

%

 

 

3.8

%

 

n/a

Expected life (years)

 

3

 

 

3

 

 

n/a

Expected dividend yield

 

 

—

%

 

 

—

%

 

n/a

Fair value of market-based awards granted

 

$

37.98

 

 

$

34.79

 

 

n/a
v3.25.4
Segment Information (Tables)
 12 Months Ended
Dec. 30, 2025
Segment Reporting [Abstract]  
Summary of Reported Segment Revenue and Expenses

Reported segment revenue and expenses is presented below (in thousands):

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

Revenues

 

$

1,399,126

 

 

$

1,357,302

 

 

$

1,333,229

 

Less:

 

 

 

 

 

 

 

 

 

Cost of sales

 

 

351,688

 

 

 

348,835

 

 

 

344,945

 

Labor and benefits

 

 

492,609

 

 

 

486,330

 

 

 

480,867

 

Occupancy and operating

 

 

338,593

 

 

 

326,544

 

 

 

329,630

 

Other segment items (1)

 

 

93,355

 

 

 

108,768

 

 

 

93,036

 

Depreciation and amortization

 

 

76,571

 

 

 

72,745

 

 

 

70,992

 

Income from operations

 

 

46,310

 

 

 

14,080

 

 

 

13,759

 

 

 

 

 

 

 

 

 

 

 

Reconciliation to net income:

 

 

 

 

 

 

 

 

 

Interest expense, net

 

 

(4,745

)

 

 

(5,484

)

 

 

(4,915

)

Other income (expense), net

 

 

5,668

 

 

 

(331

)

 

 

1,256

 

Income tax benefit

 

 

1,575

 

 

 

8,422

 

 

 

9,560

 

Net income

 

$

48,808

 

 

$

16,687

 

 

$

19,660

 

 

(1) Other segment items consist of amounts related to general and administrative expenses, restaurant opening expenses, and loss on disposal of and impairment of assets, net.
v3.25.4
Company and Summary of Significant Accounting Policies - Additional Information (Detail)
 12 Months Ended
Dec. 30, 2025
USD ($)
Restaurant
Segment
State
shares
Dec. 31, 2024
USD ($)
shares
Jan. 02, 2024
USD ($)
shares
Organization And Summary Of Significant Accounting Policies [Line Items]      
Number of restaurants owned 219    
Number of states in which entity operates | State 31    
Number of new restaurants opened 1    
Number of restaurant locations during fiscal 2022 4    
Number of breweries in operation 1    
Number of operating segments | Segment 1    
Impairment of goodwill | $ $ 0 $ 0 $ 0
Tangible Asset Impairment Charges | $ 0 12,100,000 3,400,000
Deferred revenue from gift cards | $ 16,060,000 15,668,000  
Advertising expense | $ $ 30,500,000 $ 26,500,000 $ 23,400,000
Common stock equivalents excluded from calculation of diluted net income per share | shares 600,000 1,000,000 900,000
Number of shares charged to reserve per granted share | shares 1.5    
Expiration term 10 years    
Vesting terms The Plan permits our Board of Directors to set the vesting terms and exercise period for awards at their discretion; however, the grant of awards with no minimum vesting period or a vesting period less than one year may not exceed 5% of the total number of shares authorized under the Plan.    
Stock Option, Service-based RSU, and Performance-based RSU With Market-based Metrics [Member] | Vesting Period One      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Vesting period (in years) 1 year    
Stock Option, Service-based RSU, and Performance-based RSU With Market-based Metrics [Member] | Vesting Period Two      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Vesting period (in years) 3 years    
Stock Option, Service-based RSU, and Performance-based RSU With Market-based Metrics [Member] | Vesting Period Three      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Vesting period (in years) 5 years    
Stock Options and Service-based RSUs [Member] | Vesting Period One      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Vesting period (in years) 1 year    
Stock Options and Service-based RSUs [Member] | Vesting Period Two      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Vesting period (in years) 3 years    
Stock Options and Service-based RSUs [Member] | Cliff Vesting Period One      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Vesting period (in years) 5 years    
Stock Options and Service-based RSUs [Member] | Cliff Vesting Third Anniversary      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Vesting percentage 33.00%    
Stock Options and Service-based RSUs [Member] | Cliff Vesting Fifth Anniversary      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Vesting percentage 67.00%    
Performance Based Restricted Stock Units | Cliff Vesting Third Anniversary | Minimum      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Vesting percentage 0.00%    
Performance Based Restricted Stock Units | Cliff Vesting Third Anniversary | Maximum      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Vesting percentage 150.00%    
United States      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Number of operating segments | State 1    
Brewpub Equipment [Member]      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Number of breweries in operation 2    
v3.25.4
Estimated Useful Lives (Detail)
Dec. 30, 2025
Furniture and Fixtures | Minimum  
Property, Plant and Equipment [Line Items]  
Property and equipment estimated useful life 3 years
Furniture and Fixtures | Maximum  
Property, Plant and Equipment [Line Items]  
Property and equipment estimated useful life 10 years
Equipment | Minimum  
Property, Plant and Equipment [Line Items]  
Property and equipment estimated useful life 5 years
Equipment | Maximum  
Property, Plant and Equipment [Line Items]  
Property and equipment estimated useful life 10 years
Brewing Equipment | Minimum  
Property, Plant and Equipment [Line Items]  
Property and equipment estimated useful life 1 year
Brewing Equipment | Maximum  
Property, Plant and Equipment [Line Items]  
Property and equipment estimated useful life 20 years
Building Improvements  
Property, Plant and Equipment [Line Items]  
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration] us-gaap:UsefulLifeShorterOfTermOfLeaseOrAssetUtilityMember
Leasehold Improvements  
Property, Plant and Equipment [Line Items]  
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration] us-gaap:UsefulLifeTermOfLeaseMember
v3.25.4
Reconciliation of Basic and Diluted Net Income Per Share Computations and Number of Dilutive Equity Awards Included in Dilutive Net Income Per Share Computation (Detail) - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Earnings Per Share [Abstract]      
Net income $ 48,808 $ 16,687 $ 19,660
Weighted-average shares outstanding - basic 21,980 23,132 23,452
Dilutive effect of equity awards 642 636 471
Weighted-average shares outstanding - diluted 22,622 23,768 23,923
v3.25.4
Revenue Recognized on Consolidated Statements of Operations for Redemption of Gift Cards and Loyalty Rewards Deferred (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Dec. 31, 2023
Disaggregation of Revenue [Abstract]      
Revenue recognized from gift card liability $ 10,691 $ 10,629 $ 11,261
Revenue recognized from guest loyalty program $ 9,139 $ 7,031 $ 7,166
v3.25.4
Schedule of Accounts and Other Receivables (Detail) - USD ($)
$ in Thousands
Dec. 30, 2025
Dec. 31, 2024
Receivables [Abstract]    
Credit cards $ 8,191 $ 8,526
Third-party gift card sales 4,128 3,984
Third-party delivery 939 3,885
Income taxes 2,144 864
Other 2,989 3,143
Total accounts and other receivables $ 18,391 $ 20,402
v3.25.4
Property and Equipment (Detail) - USD ($)
$ in Thousands
Dec. 30, 2025
Dec. 31, 2024
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 1,431,820 $ 1,387,717
Less accumulated depreciation and amortization (929,712) (877,136)
Property and equipment, net 502,108 510,581
Land    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 3,472 2,523
Building Improvements    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 433,514 428,366
Leasehold Improvements    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 360,152 345,916
Furniture and Fixtures    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 176,831 172,804
Equipment    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 454,589 424,839
Construction in Progress    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 3,262 $ 13,269
v3.25.4
Accrued Expenses (Detail) - USD ($)
$ in Thousands
Dec. 30, 2025
Dec. 31, 2024
Payables and Accruals [Abstract]    
Payroll related $ 27,543 $ 24,669
Workers’ compensation and general liability 23,442 22,216
Deferred revenue from gift cards 16,060 15,668
Deferred loyalty revenue 3,023 2,910
Insurance related 4,981 4,164
Sales taxes 7,011 7,254
Other taxes 7,891 8,694
Other current rent related 3,279 2,806
Utilities 2,655 2,475
Merchant cards 2,422 2,239
Maintenance related 912 289
Leadership transition related 835 2,829
Consulting related 0 2,135
Other 5,282 6,968
Accrued Liabilities $ 105,336 $ 105,316
v3.25.4
Leases - Summary of Lease Costs (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Leases [Abstract]      
Lease cost $ 59,104 $ 57,836 $ 59,268
Variable lease cost 3,770 3,567 3,864
Total lease costs $ 62,874 $ 61,403 $ 63,132
v3.25.4
Leases - Summary of Weighted-Average Lease Term and Discount Rate (Detail)
Dec. 30, 2025
Dec. 31, 2024
Leases [Abstract]    
Weighted-average remaining lease term 9 years 7 months 6 days 10 years 3 months 18 days
Weighted-average discount rate 5.90% 5.90%
v3.25.4
Leases - Summary of Operating Lease Obligation Maturities (Detail)
$ in Thousands
Dec. 30, 2025
USD ($)
Leases [Abstract]  
2026 $ 66,527
2027 65,120
2028 62,322
2029 56,731
2030 49,240
Thereafter 246,888
Total lease payments 546,828
Less: imputed interest (141,070)
Present value of operating lease obligations $ 405,758
v3.25.4
Commitments and Contingencies - Additional Information (Detail) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]    
Letters of credit outstanding amount $ 20.2  
Letters of credit renewal period, years 1 year  
Purchase obligations $ 63.6 $ 41.2
Purchase obligations due period 3 years 3 years
v3.25.4
Long-Term Debt - Additional Information (Detail) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Dec. 31, 2024
Jan. 02, 2024
Line of Credit Facility [Line Items]        
Loan agreement, initiation Date May 30, 2025      
Letters of credit outstanding amount $ 20.2      
Weighted average interest rate 5.80% 6.70% 6.70%  
Floor rate 0.00%      
Credit Facility Debt Instrument        
Line of Credit Facility [Line Items]        
Loan agreement, expiration date May 30, 2030      
Revolving loan commitments under loan agreement $ 215.0      
Line of credit outstanding amount 85.0      
Available borrowings under credit facility 109.8      
Letters of credit outstanding amount 20.2      
Interest expense and commitment fees 4.7 $ 5.5   $ 4.9
Interest expense on line of credit 0.1 0.3    
Debt instrument fees 0.8      
Amortized related fees 0.2   $ 0.2  
Unamortized fees 1.0 $ 0.4 $ 0.4  
Letter of Credit        
Line of Credit Facility [Line Items]        
Revolving loan commitments under loan agreement $ 50.0      
SOFR        
Line of Credit Facility [Line Items]        
Debt instrument, description of variable rate basis Term SOFR plus the 10 basis      
Maximum | Credit Facility Debt Instrument        
Line of Credit Facility [Line Items]        
Increase in line of credit $ 315.0      
Maximum | SOFR | Credit Facility Debt Instrument        
Line of Credit Facility [Line Items]        
Line of credit, adjustment to interest rate 2.00%      
Minimum | Base Rate        
Line of Credit Facility [Line Items]        
Line of credit, adjustment to interest rate 1.00%      
v3.25.4
Fair Value Measurements - Additional Information (Details)
 12 Months Ended
Dec. 30, 2025
USD ($)
Fair Value Disclosures [Abstract]  
Transfer of assets and liabilities in to levels $ 0
v3.25.4
Fair Value Measurements - Summary of Fair Value of Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 30, 2025
Dec. 31, 2024
Recurring | Level1 | Deferred compensation plan    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities $ 14,042 $ 13,179
v3.25.4
Shareholders' Equity - Additional Information (Detail)
 12 Months Ended
Dec. 30, 2024
USD ($)
Dec. 30, 2025
USD ($)
Serie
$ / shares
shares
Dec. 31, 2024
USD ($)
shares
Jan. 02, 2024
USD ($)
shares
Oct. 31, 2025
USD ($)
Feb. 28, 2025
USD ($)
Feb. 29, 2024
USD ($)
Jan. 21, 2021
$ / shares
shares
Class Of Stock [Line Items]                
Term of warrants               5 years
Date on which warrant expires               May 04, 2025
Preferred stock, shares authorized | shares   5,000,000 5,000,000          
Series of preferred stock, minimum | Serie   1            
Preferred stock, issued | shares   0 0          
Preferred stock, outstanding | shares   0 0          
Voting rights, per share   one            
Common stock remaining under the same repurchase plan   $ 93,200,000     $ 75,000,000      
Additional authorized amount           $ 50,000,000 $ 50,000,000  
Current amount authorized under the share repurchase plan   $ 675,000,000            
Number of shares repurchased during the period | shares   2,000,000            
Repurchased average price per share | $ / shares   $ 33.8            
Shares repurchased, value   $ 67,774,000 $ 25,125,000 $ 10,999,000        
Warrant extension related expense     $ 4,600,000          
Payment of dividends   $ 0            
Common Stock [Member]                
Class Of Stock [Line Items]                
Number of shares issuable on exercise of warrants | shares               876,949
Warrants exercise price, per share | $ / shares               $ 26.94
Number of shares repurchased during the period | shares   2,005,000 757,000 428,000        
Shares repurchased, value   $ 17,698,000 $ 12,153,000 $ 9,007,000        
Other Income (Expense), Net                
Class Of Stock [Line Items]                
Warrant extension related expense $ 4,600,000   $ 4,600,000          
v3.25.4
Income Before Income Tax Expense (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Income Tax Disclosure [Abstract]      
United States $ 47,233 $ 8,265 $ 10,100
Income before income taxes $ 47,233 $ 8,265 $ 10,100
v3.25.4
Income Tax Benefit (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Current:      
Federal $ 1,085 $ 2,780 $ 1,378
State 2,322 969 897
Current Income Tax Expense (Benefit), Total 3,407 3,749 2,275
Deferred:      
Federal (5,167) (10,891) (11,344)
State 185 (1,280) (491)
Deferred income taxes (4,982) (12,171) (11,835)
Income tax benefit $ (1,575) $ (8,422) $ (9,560)
v3.25.4
Provision for Income Taxes Differs from Amount that would Result from Applying Federal Statutory Rate (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Amount      
Income tax at statutory rates $ 9,919 $ 1,739 $ 2,121
State income taxes, net of federal benefit [1] 2,168 458 583
Permanent differences (427) 875 776
Income tax credits [2] (12,547) (12,186) (11,910)
Return to provision 49 35 90
Stock warrant extension 0 971 0
Prior year tax credit true-up (30) 357 (649)
Change in unrecognized tax benefit (127) (14) (237)
Change in valuation allowance (186) (703) (262)
Other, net (394) 46 (72)
Income tax benefit $ (1,575) $ (8,422) $ (9,560)
Percent      
Income tax at statutory rates 21.00% 21.00% 21.00%
State income taxes, net of federal benefit [1] 4.60% 5.50% 5.80%
Permanent differences (0.90%) 10.60% 7.70%
Income tax credits [2] (26.50%) (147.10%) (117.90%)
Return to provision 0.10% 0.40% 0.90%
Stock warrant extension 0.00% 11.70% 0.00%
Prior year tax credit true-up (0.10%) 4.30% (6.40%)
Change in unrecognized tax benefit (0.30%) (0.20%) (2.30%)
Change in valuation allowance (0.40%) (8.50%) (2.60%)
Other, net (0.80%) 0.40% (0.90%)
Effective Income Tax Rate, Continuing Operations, Total (3.30%) (101.90%) (94.70%)
[1] State taxes in California made up the majority (greater than 50%) of the tax effect in this category for all years presented.
[2] The FICA tax tip credit benefit made up the majority (greater than 90%) for all periods presented.
v3.25.4
Income Taxes Paid (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Income Tax Paid, by Individual Jurisdiction [Line Items]      
U.S. Federal $ 3,100 $ 2,027 $ (4)
State 1,649 1,298 (725)
Total cash paid for income taxes (net of refunds) 4,749 3,325 (729)
California      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
State 950 496 (1,200)
Texas      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
State 140 429 355
Virginia      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
State 0 (10) 37
Other      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
State $ 559 $ 383 $ 83
v3.25.4
Components of Deferred Income Tax Asset (Liability) (Detail) - USD ($)
$ in Thousands
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Jan. 03, 2023
Deferred income tax asset:        
Accrued expenses $ 12,251 $ 12,526    
Other 4,518 8,436    
Deferred revenues 0 23    
Gift cards 1,223 1,128    
Stock-based compensation 4,245 3,667    
Operating lease liability 104,620 111,254    
Income tax credits 86,933 74,826    
Net operating losses 4,263 4,831    
State tax 496 358    
Gross deferred income tax asset 218,549 217,049    
Valuation allowance 0 (186) $ (889) $ (1,151)
Deferred income tax asset, net of valuation allowance 218,549 216,863    
Deferred income tax liability:        
Property and equipment (53,754) (51,516)    
Intangible assets (2,821) (2,807)    
Operating lease assets (89,943) (96,255)    
Smallwares (4,731) (3,967)    
Deferred income tax liability (151,249) (154,545)    
Net deferred income tax asset $ 67,300 $ 62,318    
v3.25.4
Income Taxes - Additional Information (Detail) - USD ($)
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Jan. 03, 2023
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible [Line Items]        
Income tax credit carryforwards $ 86,933,000 $ 74,826,000    
Valuation allowances against net operating loss and tax credit carryforwards 0 186,000 $ 889,000 $ 1,151,000
Accrued penalties and interest to uncertain tax positions 100,000 100,000    
Unrecognized tax benefits 794,000 874,000 $ 967,000 $ 1,249,000
Unrecognized tax benefits that would impact effective tax rate, if reversed 800,000      
Anticipated decrease in liability for unrecognized tax benefits within next twelve-month period $ 0      
Earliest Tax Year        
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible [Line Items]        
Tax credits expiration year 2027      
Federal        
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible [Line Items]        
Income tax credit carryforwards $ 87,100,000      
Tax credits expiration year 2039      
Valuation allowances against net operating loss and tax credit carryforwards $ 0 0    
Income tax examination, years open 2022      
State or Local Taxing Jurisdiction        
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible [Line Items]        
Income tax credit carryforwards $ 100,000      
Valuation allowances against net operating loss and tax credit carryforwards $ 0 $ 200,000    
Income tax examination, years open 2021      
Expiration Periods Beginning 2027        
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible [Line Items]        
State and city net operating loss carryforwards $ 90,500,000      
Expiration Periods Beginning 2027 | Minimum        
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible [Line Items]        
Expiration period 5 years      
Expiration Periods Beginning 2027 | Maximum        
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible [Line Items]        
Expiration period 20 years      
v3.25.4
Changes in Valuation Allowance (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Valuation Allowance [Abstract]      
Valuation allowance beginning of the year $ 186 $ 889 $ 1,151
Allowances taken or written off (186) (703) (262)
Valuation allowance end of the year $ 0 $ 186 $ 889
v3.25.4
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Income Tax Disclosure [Abstract]      
Gross unrecognized tax benefits at beginning of year $ 874 $ 967 $ 1,249
Increases for tax positions taken in prior years 0 29 102
Decreases for tax positions taken in prior years (46) 0 0
Increases for tax positions taken in the current year 89 134 104
Lapse in statute of limitations (123) (256) (488)
Gross unrecognized tax benefits at end of year $ 794 $ 874 $ 967
v3.25.4
Stock-Based Compensation Plans - Additional Information (Detail)
$ in Millions
 12 Months Ended
Dec. 30, 2025
USD ($)
Performance-Based Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unrecognized stock-based compensation expense $ 2.0
Unrecognized stock-based compensation expenses recognition period (in years) 1 year 9 months 18 days
Employee Stock Option  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unrecognized stock-based compensation expense $ 1.9
Unrecognized stock-based compensation expenses recognition period (in years) 2 years
Service-Based Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unrecognized stock-based compensation expense $ 10.1
Unrecognized stock-based compensation expenses recognition period (in years) 2 years 10 months 24 days
v3.25.4
Stock-Based Compensation Recognized within Our Consolidated Financial Statements (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Stock-based compensation $ 8,283 $ 8,986 $ 11,282
Capitalized [1] 168 357 380
Labor and benefits      
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Stock-based compensation 2,407 2,452 2,583
General and administrative      
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Stock-based compensation $ 5,708 $ 6,177 $ 8,319
[1] Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on our Consolidated Balance Sheets.
v3.25.4
Black-Scholes Option-Pricing Model, Weighted Average Assumptions Used to Estimate the Fair Value of Each Stock Option (Detail) - $ / shares
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]      
Expected volatility 54.70% 67.60% 66.90%
Risk-free interest rate 4.10% 3.90% 3.60%
Expected option life 5 years 5 years 5 years
Fair value of options granted $ 19.19 $ 19.00 $ 18.24
v3.25.4
Stock Option Activity (Detail) - $ / shares
shares in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Jan. 03, 2023
Options Outstanding, Shares        
Outstanding, Beginning Balance 933 867 824  
Granted 118 156 124  
Exercised (213) (7) (28)  
Forfeited (121) (83) (53)  
Outstanding, Ending Balance 717 933 867 824
Options Outstanding, Weighted Average Exercise Price        
Outstanding, Beginning Balance $ 39.1 $ 39.7 $ 40.48  
Granted 37.81 32.09 31.19  
Exercised 35.77 31.6 29.18  
Forfeited 41.98 32.89 37.43  
Outstanding, Ending Balance $ 39.39 $ 39.1 $ 39.7 $ 40.48
Options Exercisable, Shares        
Options Exercisable Outstanding, Beginning Balance 741 648 601  
Options Exercisable Outstanding, Ending Balance 538 741 648 601
Options Exercisable, Weighted Average Exercise Price        
Options Exercisable, Beginning Balance $ 41 $ 41.65 $ 41.57  
Options Exercisable, Ending Balance $ 40.64 $ 41 $ 41.65 $ 41.57
Options Exercisable, Weighted Average Remaining Contractual Life        
Weighted Average Remaining Contractual Life 3 years 7 months 6 days 3 years 10 months 24 days 4 years 4 months 24 days 4 years 8 months 12 days
v3.25.4
Information Relating to Significant Option Groups Outstanding (Detail) - $ / shares
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Jan. 03, 2023
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Options Outstanding 717,000 933,000 867,000 824,000
Weighted Average Exercise Price, Options Outstanding $ 39.39 $ 39.1 $ 39.7 $ 40.48
Options Exercisable 538,000 741,000 648,000 601,000
Weighted Average Exercise Price, Options Exercisable $ 40.64 $ 41 $ 41.65 $ 41.57
$22.27 - $31.86        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Range of Exercise Prices, low 22.27      
Range of Exercise Prices, high $ 31.86      
Options Outstanding 100,000      
Weighted Average Remaining Contractual Life, Options Outstanding 7 years 6 months      
Weighted Average Exercise Price, Options Outstanding $ 31.45      
Options Exercisable 39,000      
Weighted Average Exercise Price, Options Exercisable $ 31.22      
$31.95 - $34.26        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Range of Exercise Prices, low 31.95      
Range of Exercise Prices, high $ 34.26      
Options Outstanding 73,000      
Weighted Average Remaining Contractual Life, Options Outstanding 7 years 8 months 12 days      
Weighted Average Exercise Price, Options Outstanding $ 32.63      
Options Exercisable 52,000      
Weighted Average Exercise Price, Options Exercisable $ 32.4      
$34.28 - $35.95        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Range of Exercise Prices, low 34.28      
Range of Exercise Prices, high $ 35.95      
Options Outstanding 96,000      
Weighted Average Remaining Contractual Life, Options Outstanding 3 years 4 months 24 days      
Weighted Average Exercise Price, Options Outstanding $ 35.46      
Options Exercisable 67,000      
Weighted Average Exercise Price, Options Exercisable $ 35.95      
$37.10 - $37.10        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Range of Exercise Prices, low 37.1      
Range of Exercise Prices, high $ 37.1      
Options Outstanding 2,000      
Weighted Average Remaining Contractual Life, Options Outstanding 10 months 24 days      
Weighted Average Exercise Price, Options Outstanding $ 37.1      
Options Exercisable 2,000      
Weighted Average Exercise Price, Options Exercisable $ 37.1      
$37.70 - $37.70        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Range of Exercise Prices, low 37.7      
Range of Exercise Prices, high $ 37.7      
Options Outstanding 98,000      
Weighted Average Remaining Contractual Life, Options Outstanding 2 years      
Weighted Average Exercise Price, Options Outstanding $ 37.7      
Options Exercisable 98,000      
Weighted Average Exercise Price, Options Exercisable $ 37.7      
$38.90 - $38.90        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Range of Exercise Prices, low 38.9      
Range of Exercise Prices, high $ 38.9      
Options Outstanding 94,000      
Weighted Average Remaining Contractual Life, Options Outstanding 4 years      
Weighted Average Exercise Price, Options Outstanding $ 38.9      
Options Exercisable 94,000      
Weighted Average Exercise Price, Options Exercisable $ 38.9      
$39.33 - $42.41        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Range of Exercise Prices, low 39.33      
Range of Exercise Prices, high $ 42.41      
Options Outstanding 84,000      
Weighted Average Remaining Contractual Life, Options Outstanding 6 years 10 months 24 days      
Weighted Average Exercise Price, Options Outstanding $ 40.53      
Options Exercisable 25,000      
Weighted Average Exercise Price, Options Exercisable $ 42.12      
$44.10 - $45.92        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Range of Exercise Prices, low 44.1      
Range of Exercise Prices, high $ 45.92      
Options Outstanding 11      
Weighted Average Remaining Contractual Life, Options Outstanding 8 years 4 months 24 days      
Weighted Average Exercise Price, Options Outstanding $ 44.41      
Options Exercisable 2      
Weighted Average Exercise Price, Options Exercisable $ 45.92      
$46.91 - $46.91        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Range of Exercise Prices, low 46.91      
Range of Exercise Prices, high $ 46.91      
Options Outstanding 74,000      
Weighted Average Remaining Contractual Life, Options Outstanding 4 years 10 months 24 days      
Weighted Average Exercise Price, Options Outstanding $ 46.91      
Options Exercisable 74,000      
Weighted Average Exercise Price, Options Exercisable $ 46.91      
$48.75 - $53.22        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Range of Exercise Prices, low 48.75      
Range of Exercise Prices, high $ 53.22      
Options Outstanding 85,000      
Weighted Average Remaining Contractual Life, Options Outstanding 3 years      
Weighted Average Exercise Price, Options Outstanding $ 53.16      
Options Exercisable 85,000      
Weighted Average Exercise Price, Options Exercisable $ 53.16      
$22.27 - $53.22        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Range of Exercise Prices, low 22.27      
Range of Exercise Prices, high $ 53.22      
Options Outstanding 717,000      
Weighted Average Remaining Contractual Life, Options Outstanding 4 years 10 months 24 days      
Weighted Average Exercise Price, Options Outstanding $ 39.39      
Options Exercisable 538,000      
Weighted Average Exercise Price, Options Exercisable $ 40.64      
v3.25.4
Service-Based Restricted Stock Unit Activity (Detail) - Service-Based Restricted Stock Units - $ / shares
shares in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Shares Outstanding      
Outstanding Beginning Balance, Shares 772 822 729
Granted, Shares 230 306 344
Released (192) (232) (169)
Forfeited, Shares (105) (124) (82)
Outstanding Ending Balance, Shares 705 772 822
Weighted Average Fair Value      
Outstanding Beginning Balance, Weighted Average Fair Value $ 30.45 $ 31.46 $ 34.1
Granted, Weighted Average Fair Value 36.08 33.13 28.93
Vested or released, Weighted Average Fair Value 28.91 37.8 37.69
Forfeited, Weighted Average Fair Value 31.12 29.94 31.62
Outstanding Ending Balance, Weighted Average Fair Value $ 32.62 $ 30.45 $ 31.46
v3.25.4
Performance-Based Restricted Stock Unit Activity (Detail) - Performance-Based Restricted Stock Units - $ / shares
shares in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Shares Outstanding      
Outstanding Beginning Balance, Shares 83 128 123
Granted, Shares 112 79 52
Released (40) (65) (40)
Forfeited, Shares (37) (59) (7)
Outstanding Ending Balance, Shares 118 83 128
Weighted Average Fair Value      
Outstanding Beginning Balance, Weighted Average Fair Value $ 32.89 $ 36.24 $ 38.89
Granted, Weighted Average Fair Value 37.39 39.09 31.87
Vested or released, Weighted Average Fair Value 32.27 46.91 38.9
Forfeited, Weighted Average Fair Value 35.23 32.93 35.01
Outstanding Ending Balance, Weighted Average Fair Value $ 36.63 $ 32.89 $ 36.24
v3.25.4
Monte Carlo Simulation Model, Weighted Average Assumptions Used to Estimate the Fair Value of Performance-Based RSUs (Details) - $ / shares
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Volatility 54.70% 67.60% 66.90%
Risk-free interest rate 4.10% 3.90% 3.60%
Expected life (years) 5 years 5 years 5 years
Fair value of market-based awards granted $ 19.19 $ 19.00 $ 18.24
Performance-Based Restricted Stock Units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Volatility 48.00% 49.80%  
Risk-free interest rate 4.20% 3.80%  
Expected life (years) 3 years 3 years  
Fair value of market-based awards granted $ 37.98 $ 34.79  
v3.25.4
Benefit Plans - Additional Information (Detail) - USD ($)
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Defined Benefit Plan Disclosure [Line Items]      
Employer matching contribution rate towards employee contribution 33.00%    
Percentage of deferred earnings in employer matching contribution rate 6.00%    
Employer contribution $ 900,000 $ 800,000 $ 800,000
Base compensation percentage for participating team members based on eligible bonus maximum 100.00%    
Other assets, net $ 48,188,000 42,725,000  
Other liabilities 14,815,000 14,109,000  
Deferred compensation plan      
Defined Benefit Plan Disclosure [Line Items]      
Other assets, net 13,500,000 12,800,000  
Other liabilities 14,000,000 $ 13,200,000  
Contributions made or accrued $ 0    
v3.25.4
Related Party Transactions - Additional Information (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 29, 2025
Dec. 30, 2024
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Jan. 03, 2023
Related Party Transaction [Line Items]            
Equity method investment     $ 4,083 $ 4,266    
Equity method investment interest percentage 17.00%   20.00%      
Warrant extension related expense       4,600    
Loss related to investment     $ (183) (504) $ (230)  
Other Income (Expense), Net            
Related Party Transaction [Line Items]            
Warrant extension related expense   $ 4,600   $ 4,600    
Maximum            
Related Party Transaction [Line Items]            
Equity method investment interest percentage           1.00%
Purchasing Company of Assets | Maximum            
Related Party Transaction [Line Items]            
Equity method investment interest percentage           20.00%
Assets | Other Current Assets            
Related Party Transaction [Line Items]            
Equity method investment           $ 5,000
v3.25.4
Segment Information - Additional Information (Detail)
 12 Months Ended
Dec. 30, 2025
Segment
Segment Reporting [Abstract]  
Number of operating segments 1
Number of reportable segments not disclosed flag true
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration] srt:ChiefExecutiveOfficerMember, srt:PresidentMember
Segment reporting, CODM, profit (loss) measure, how used, description he assesses performance and decides how to allocate resources based on income from operations, which is also reported on our Consolidated Statements of Operations
Segment reporting, expense information used by CODM, description Our CODM uses net income to evaluate income generated from our segment assets and decides whether to reinvest profits into other parts of our business.
v3.25.4
Segment Information - Summary of Reported Segment Revenue and Expenses (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2025
Dec. 31, 2024
Jan. 02, 2024
Segment Reporting Information [Line Items]      
Revenues $ 1,399,126 $ 1,357,302 $ 1,333,229
Less:      
Cost of sales 353,293 350,560 346,569
Labor and benefits 504,537 495,466 491,314
Occupancy and operating 325,060 315,683 317,559
Depreciation and amortization 76,571 72,745 70,992
Income from operations 46,310 14,080 13,759
Interest expense, net 4,745 5,484 4,915
Other (income) expense, net [1] (5,668) 331 (1,256)
Income tax benefit (1,575) (8,422) (9,560)
Net income 48,808 16,687 19,660
Operating Segment      
Segment Reporting Information [Line Items]      
Revenues 1,399,126 1,357,302 1,333,229
Less:      
Cost of sales 351,688 348,835 344,945
Labor and benefits 492,609 486,330 480,867
Occupancy and operating 338,593 326,544 329,630
Other segment items [2] 93,355 108,768 93,036
Depreciation and amortization 76,571 72,745 70,992
Income from operations 46,310 14,080 13,759
Reconciliation to Net Income      
Less:      
Interest expense, net (4,745) (5,484) (4,915)
Other (income) expense, net 5,668 (331) 1,256
Income tax benefit $ 1,575 $ 8,422 $ 9,560
[1] Included in other income (expense), net was an equity method investment loss of $0.2 million, $0.5 million and $0.2 million for fiscal 2025, 2024 and 2023, respectively. See Note 14 for further information. Also included in other income (expense), net was a $4.6 million charge related to Act III’s warrant extension for fiscal 2024. See Note 10 for further information.
[2] Other segment items consist of amounts related to general and administrative expenses, restaurant opening expenses, and loss on disposal of and impairment of assets, net.