SHAKE SHACK INC., 10-K filed on 2/29/2024
Annual Report
v3.24.0.1
COVER PAGE - USD ($)
 12 Months Ended
Dec. 27, 2023
Feb. 07, 2024
Jun. 28, 2023
Document Information [Line Items]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 27, 2023    
Current Fiscal Year End Date --12-27    
Document Transition Report false    
Entity File Number 001-36823    
Entity Registrant Name SHAKE SHACK INC.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 47-1941186    
Entity Address, Address Line One 225 Varick Street    
Entity Address, Address Line Two Suite 301    
Entity Address, City or Town New York,    
Entity Address, State or Province NY    
Entity Address, Postal Zip Code 10014    
City Area Code 646    
Local Phone Number 747-7200    
Title of 12(b) Security Class A Common Stock, par value $0.001    
Trading Symbol SHAK    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction true    
Document Financial Statement Restatement Recovery Analysis false    
Entity Shell Company false    
Entity Public Float     $ 2,867,855,352
Documents Incorporated by Reference DOCUMENTS INCORPORATED BY REFERENCEPortions of the registrant’s definitive Proxy Statement for its 2024 Annual Meeting of Shareholders are incorporated by reference into Part III of this Form 10-K.    
Amendment Flag false    
Document Fiscal Year Focus 2023    
Document Fiscal Period Focus FY    
Entity Central Index Key 0001620533    
Class A Common Stock      
Document Information [Line Items]      
Entity Common Stock, Shares Outstanding   39,479,513  
Class B Common Stock      
Document Information [Line Items]      
Entity Common Stock, Shares Outstanding   2,829,513  
v3.24.0.1
Audit Information
 12 Months Ended
Dec. 27, 2023
Auditor Information [Abstract]  
Auditor Firm ID 42
Auditor Name Ernst & Young LLP
Auditor Location New York, New York
v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 27, 2023
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Dec. 28, 2022
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 29, 2021
Dec. 30, 2020
Current assets:                    
Cash and cash equivalents $ 224,653 $ 190,020 $ 203,697 $ 293,430 $ 230,521 $ 256,998 $ 278,332 $ 279,251    
Marketable securities 68,561 94,957 91,537 0 80,707 80,015 79,625 79,676    
Accounts receivable, net 16,847 13,889 14,332 14,175 13,877 11,800 11,936 11,755    
Inventories 5,404 4,608 4,674 4,394 4,184 3,996 3,955 3,780    
Prepaid expenses and other current assets 18,967 19,762 15,278 18,075 14,699 14,246 13,727 12,155    
Total current assets 334,432 323,236 329,518 330,074 343,988 367,055 387,575 386,617    
Property and equipment, net of accumulated depreciation of $376,760 and $290,362, respectively 530,995 525,557 500,085 479,617 467,031 441,870 411,018 398,971    
Operating lease assets 398,296 397,870 385,386 379,475 367,488 370,536 361,522 346,128    
Deferred income taxes, net 326,208 319,244 319,113 318,626 317,626 321,181 319,435 318,371 $ 312,873  
Other assets 15,926 16,037 15,802 16,211 15,817 15,330 14,735 13,846    
TOTAL ASSETS 1,605,857 1,581,944 1,549,904 1,524,003 1,511,950 1,515,972 1,494,285 1,463,933 1,471,775  
Current liabilities:                    
Accounts payable 22,273 21,251 17,005 16,002 20,407 17,210 16,420 13,395    
Accrued expenses 54,742 47,630 50,588 45,677 47,945 49,387 40,013 38,997    
Accrued wages and related liabilities 20,945 18,164 18,221 18,678 17,576 17,758 18,440 16,032    
Operating lease liabilities, current 49,004 47,610 46,490 44,578 42,238 40,690 38,775 36,951    
Other current liabilities 17,103 17,522 17,881 18,117 19,552 19,497 20,261 20,586    
Total current liabilities 164,067 152,177 150,185 143,052 147,718 144,542 133,909 125,961    
Long-term debt 245,636 245,375 245,113 244,851 244,589 244,328 244,066 243,804    
Long-term operating lease liabilities 464,533 463,370 448,580 441,554 427,227 429,165 418,010 399,487    
Liabilities under tax receivable agreement, net of current portion 235,613 235,614 235,361 235,361 234,893 234,892 234,862 234,273    
Other long-term liabilities 26,638 26,322 22,218 22,192 20,687 20,588 21,597 20,944    
Total liabilities 1,136,487 1,122,858 1,101,457 1,087,010 1,075,114 1,073,515 1,052,444 1,024,469    
Commitments and contingencies (Note 13)    
Stockholders' equity:                    
Preferred stock, no par value—10,000,000 shares authorized; none issued and outstanding as of September 27, 2023 and December 28, 2022. 0 0 0 0 0 0 0 0    
Additional paid-in capital 426,601 423,849 421,394 417,489 415,649 413,291 410,537 406,998 405,957  
Retained earnings (accumulated deficit) 16,777 9,554 1,927 (5,021) (3,487) 4,368 6,392 7,580 17,742  
Accumulated other comprehensive loss (3) (3) (4) (4) 0 (1) (1) 0    
Total stockholders' equity attributable to Shake Shack Inc. 443,417 433,442 423,359 412,506 412,204 417,700 416,970 414,620    
Non-controlling interests 25,953 25,644 25,088 24,487 24,632 24,757 24,871 24,844    
Total equity 469,370 459,086 448,447 436,993 436,836 442,457 441,841 439,464 449,805 $ 444,587
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 1,605,857 1,581,944 1,549,904 1,524,003 1,511,950 1,515,972 1,494,285 1,463,933 $ 1,471,775  
Class A Common Stock                    
Stockholders' equity:                    
Common stock 39 39 39 39 39 39 39 39    
Class B Common Stock                    
Stockholders' equity:                    
Common stock $ 3 $ 3 $ 3 $ 3 $ 3 $ 3 $ 3 $ 3    
v3.24.0.1
CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
TOTAL REVENUE $ 276,207 $ 271,805 $ 253,278 $ 227,814 $ 230,752 $ 203,391 $ 1,087,533 $ 900,486 $ 739,893
Shack-level operating expenses:                  
Food and paper costs 77,180 75,800 71,772 67,774 65,987 59,884 305,041 261,584 218,262
Labor and related expenses 76,233 75,158 74,264 64,638 65,851 60,465 304,254 257,358 215,114
Other operating expenses 37,307 36,109 34,936 33,680 32,151 30,171 149,449 129,650 102,032
Occupancy and related expenses 20,300 19,801 18,583 17,337 16,657 16,276 79,846 68,508 59,228
General and administrative expenses 30,939 31,476 31,311 26,931 29,487 31,386 129,542 120,009 87,196
Depreciation and amortization expense 23,130 22,252 21,322 18,647 18,087 16,855 91,242 72,796 58,991
Pre-opening costs 4,969 5,577 3,557 3,041 2,823 2,712 19,231 15,050 13,291
Impairment and loss on disposal of assets 492 884 722 592 528 577 3,007 2,425 1,632
TOTAL EXPENSES 270,550 267,057 256,467 232,640 231,571 218,326 1,081,612 927,380 755,746
INCOME (LOSS) FROM OPERATIONS 5,657 4,748 (3,189) (4,826) (819) (14,935) 5,921 (26,894) (15,853)
Other income, net 3,441 3,227 2,837 1,482 538 (289) 12,776 4,127 95
Interest expense (433) (405) (403) (475) (315) (355) (1,717) (1,518) (1,577)
INCOME (LOSS) BEFORE INCOME TAXES 8,665 7,570 (755) (3,819) (596) (15,579) 16,980 (24,285) (17,335)
Income tax benefit 529 347 867 (1,508) 707 (4,297) (4,010) (1,180) (11,318)
NET INCOME (LOSS) 8,136 7,223 (1,622) (2,311) (1,303) (11,282) 20,990 (23,105) (6,017)
Less: Net income (loss) attributable to non-controlling interests $ 509 $ 275 $ (88) $ (287) $ (115) $ (1,120) 726 (1,876) (1,456)
NET INCOME (LOSS) ATTRIBUTABLE TO SHAKE SHACK INC.             $ 20,264 $ (21,229) $ (4,561)
Earnings (loss) per share of Class A common stock:                  
Basic (in dollars per share) $ 0.19 $ 0.18 $ (0.04) $ (0.05) $ (0.03) $ (0.26) $ 0.51 $ (0.54) $ (0.12)
Diluted (in dollars per share) $ 0.19 $ 0.16 $ (0.04) $ (0.05) $ (0.03) $ (0.26) $ 0.48 $ (0.54) $ (0.12)
Weighted average shares of Class A common stock outstanding:                  
Basic (in shares) 39,460 39,416 39,332 39,274 39,227 39,163 39,419 39,237 39,085
Diluted (in shares) 43,978 43,886 39,332 39,274 39,227 39,163 43,899 39,237 39,085
Shack sales                  
TOTAL REVENUE $ 264,980 $ 261,810 $ 244,254 $ 219,501 $ 223,054 $ 196,791 $ 1,046,819 $ 869,270 $ 714,989
Licensing revenue                  
TOTAL REVENUE $ 11,227 $ 9,995 $ 9,024 $ 8,313 $ 7,698 $ 6,600 $ 40,714 $ 31,216 $ 24,904
v3.24.0.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Statement of Comprehensive Income [Abstract]      
Net income (loss) $ 20,990 $ (23,105) $ (6,017)
Other comprehensive income (loss), net of tax:      
Change in foreign currency translation adjustment (3) (1) (2)
OTHER COMPREHENSIVE LOSS (3) (1) (2)
COMPREHENSIVE INCOME (LOSS) 20,987 (23,106) (6,019)
Less: Comprehensive income (loss) attributable to non-controlling interests 726 (1,876) (1,456)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO SHAKE SHACK INC. $ 20,261 $ (21,230) $ (4,563)
v3.24.0.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($)
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Statement of Comprehensive Income [Abstract]      
Income tax benefit [1] $ 0 $ 0 $ 0
[1] Net of tax benefit of $0 for fiscal years ended December 27, 2023, December 28, 2022 and December 29, 2021.
v3.24.0.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
As previously reported
Effect of restatement
Class A Common Stock
Class B Common Stock
Common stock
Class A Common Stock
Common stock
Class A Common Stock
As previously reported
Common stock
Class B Common Stock
Common stock
Class B Common Stock
As previously reported
Additional Paid-In Capital
Additional Paid-In Capital
As previously reported
Additional Paid-In Capital
Effect of restatement
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
As previously reported
Retained Earnings (Accumulated Deficit)
Effect of restatement
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
As previously reported
Non- Controlling Interest
Non- Controlling Interest
As previously reported
Beginning balance (shares) at Dec. 30, 2020           38,717,790 38,717,790 2,951,188 2,951,188                    
Beginning balance at Dec. 30, 2020 $ 444,587 $ 434,493 $ 10,094     $ 39 $ 39 $ 3 $ 3 $ 395,067 $ 395,067   $ 22,303 $ 12,209 $ 10,094 $ 3 $ 3 $ 27,172 $ 27,172
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income (loss) (6,017) (10,111) 4,094                   (4,561) (8,655) 4,094     (1,456)  
Other comprehensive income:                                      
Change in foreign currency translation adjustment (2)                             (2)      
Equity-based compensation 8,803                 8,803                  
Activity under stock compensation plans (in shares)           395,006                          
Activity under stock compensation plan 3,177                 1,829               1,348  
Shares of Class A common stock issued in connection with redemptions of LLC Interests (in shares)           29,601   (29,601)                      
Redemption of LLC interests 0                 33               (33)  
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis 225                 225 208 $ 17              
Distributions paid to non-controlling interest holders (968)                                 (968)  
Ending balance (shares) at Dec. 29, 2021           39,142,397 39,142,397 2,921,587 2,921,587                    
Ending balance at Dec. 29, 2021 449,805 435,600 14,205     $ 39 $ 39 $ 3 $ 3 405,957 405,940 17 17,742 3,554 14,188 1 1 26,063 26,063
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income (loss) (11,282)                       (10,162)         (1,120)  
Other comprehensive income:                                      
Change in foreign currency translation adjustment (1)                             (1)      
Equity-based compensation 3,224                 3,224                  
Activity under stock compensation plans (in shares)           65,893                          
Activity under stock compensation plan (2,024)                 (2,276)               252  
Shares of Class A common stock issued in connection with redemptions of LLC Interests (in shares)           10,000   (10,000)                      
Redemption of LLC interests 0                 49               (49)  
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis 44                 44                  
Distributions paid to non-controlling interest holders (302)                                 (302)  
Ending balance (shares) at Mar. 30, 2022       39,218,290 2,911,587 39,218,290   2,911,587                      
Ending balance at Mar. 30, 2022 439,464 425,259 14,205     $ 39   $ 3   406,998     7,580     0   24,844  
Beginning balance (shares) at Dec. 29, 2021           39,142,397 39,142,397 2,921,587 2,921,587                    
Beginning balance at Dec. 29, 2021 449,805 435,600 14,205     $ 39 $ 39 $ 3 $ 3 405,957 405,940 17 17,742 3,554 14,188 1 1 26,063 26,063
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income (loss) (23,105) (25,967) 2,862                   (21,229) (24,091) 2,862     (1,876)  
Other comprehensive income:                                      
Change in foreign currency translation adjustment (1)                             (1)      
Equity-based compensation 13,518                 13,518                  
Activity under stock compensation plans (in shares)           90,527                          
Activity under stock compensation plan (1,810)                 (2,978)               1,168  
Shares of Class A common stock issued in connection with redemptions of LLC Interests (in shares)           52,074   (52,074)                      
Redemption of LLC interests 0                 313               (313)  
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis (1,161)                 (1,161) (1,182) 21              
Distributions paid to non-controlling interest holders (410)                                 (410)  
Ending balance (shares) at Dec. 28, 2022       39,284,998 2,869,513 39,284,998 39,284,998 2,869,513 2,869,513                    
Ending balance at Dec. 28, 2022 436,836 419,748 17,088     $ 39 $ 39 $ 3 $ 3 415,649 415,611 38 (3,487) (20,537) 17,050 0 0 24,632 24,632
Beginning balance (shares) at Mar. 30, 2022       39,218,290 2,911,587 39,218,290   2,911,587                      
Beginning balance at Mar. 30, 2022 439,464 425,259 14,205     $ 39   $ 3   406,998     7,580     0   24,844  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income (loss) (1,303)                       (1,188)         (115)  
Other comprehensive income:                                      
Change in foreign currency translation adjustment (1)                             (1)      
Equity-based compensation 3,501                 3,501                  
Activity under stock compensation plans (in shares)           8,306                          
Activity under stock compensation plan 89                 (332)               421  
Shares of Class A common stock issued in connection with redemptions of LLC Interests (in shares)           40,074   (40,074)                      
Redemption of LLC interests 0                 257               (257)  
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis 113                 113                  
Distributions paid to non-controlling interest holders (22)                                 (22)  
Ending balance (shares) at Jun. 29, 2022       39,266,670 2,871,513 39,266,670   2,871,513                      
Ending balance at Jun. 29, 2022 441,841 427,636 14,205     $ 39   $ 3   410,537     6,392     (1)   24,871  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income (loss) (2,311)                       (2,024)         (287)  
Other comprehensive income:                                      
Equity-based compensation 3,570                 3,570                  
Activity under stock compensation plans (in shares)           11,029                          
Activity under stock compensation plan 63                 (182)               245  
Shares of Class A common stock issued in connection with redemptions of LLC Interests (in shares)           2,000   (2,000)                      
Redemption of LLC interests 0                 7               (7)  
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis (641)                 (641)                  
Distributions paid to non-controlling interest holders (65)                                 (65)  
Ending balance (shares) at Sep. 28, 2022       39,279,699 2,869,513 39,279,699   2,869,513                      
Ending balance at Sep. 28, 2022 442,457 428,252 14,205     $ 39   $ 3   413,291     4,368     (1)   24,757  
Beginning balance (shares) at Dec. 28, 2022       39,284,998 2,869,513 39,284,998 39,284,998 2,869,513 2,869,513                    
Beginning balance at Dec. 28, 2022 436,836 419,748 17,088     $ 39 $ 39 $ 3 $ 3 415,649 415,611 38 (3,487) (20,537) 17,050 0 0 24,632 24,632
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income (loss) (1,622)                       (1,534)         (88)  
Other comprehensive income:                                      
Change in foreign currency translation adjustment (4)                             (4)      
Equity-based compensation 3,864                 3,864                  
Activity under stock compensation plans (in shares)           94,907                          
Activity under stock compensation plan (2,513)                 (2,699)               186  
Shares of Class A common stock issued in connection with redemptions of LLC Interests (in shares)           25,000   (25,000)                      
Redemption of LLC interests 0                 194               (194)  
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis 481                 481                  
Distributions paid to non-controlling interest holders (49)                                 (49)  
Ending balance (shares) at Mar. 29, 2023       39,404,905 2,844,513 39,404,905   2,844,513                      
Ending balance at Mar. 29, 2023 436,993 419,905 17,088     $ 39   $ 3   417,489     (5,021)     (4)   24,487  
Beginning balance (shares) at Dec. 28, 2022       39,284,998 2,869,513 39,284,998 39,284,998 2,869,513 2,869,513                    
Beginning balance at Dec. 28, 2022 436,836 419,748 17,088     $ 39 $ 39 $ 3 $ 3 415,649 $ 415,611 $ 38 (3,487) $ (20,537) $ 17,050 0 $ 0 24,632 $ 24,632
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income (loss) 20,990                       20,264         726  
Other comprehensive income:                                      
Change in foreign currency translation adjustment (3)                             (3)      
Equity-based compensation 15,174                 15,174                  
Activity under stock compensation plans (in shares)           154,317                          
Activity under stock compensation plan (2,249)                 (3,271)               1,022  
Shares of Class A common stock issued in connection with redemptions of LLC Interests (in shares)           35,000   (35,000)                      
Redemption of LLC interests 0                 265               (265)  
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis (1,216)                 (1,216)                  
Distributions paid to non-controlling interest holders (162)                                 (162)  
Ending balance (shares) at Dec. 27, 2023       39,474,315 2,834,513 39,474,315   2,834,513                      
Ending balance at Dec. 27, 2023 469,370         $ 39   $ 3   426,601     16,777     (3)   25,953  
Beginning balance (shares) at Mar. 29, 2023       39,404,905 2,844,513 39,404,905   2,844,513                      
Beginning balance at Mar. 29, 2023 436,993 419,905 17,088     $ 39   $ 3   417,489     (5,021)     (4)   24,487  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income (loss) 7,223                       6,948         275  
Other comprehensive income:                                      
Change in foreign currency translation adjustment 0                             0      
Equity-based compensation 4,011                 4,011                  
Activity under stock compensation plans (in shares)           44,341                          
Activity under stock compensation plan 474                 145               329  
Shares of Class A common stock issued in connection with redemptions of LLC Interests (in shares)           0   0                      
Redemption of LLC interests 0                 0               0  
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis (251)                 (251)                  
Distributions paid to non-controlling interest holders (3)                                 (3)  
Ending balance (shares) at Jun. 28, 2023       39,449,246 2,844,513 39,449,246   2,844,513                      
Ending balance at Jun. 28, 2023 448,447 431,359 17,088     $ 39   $ 3   421,394     1,927     (4)   25,088  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income (loss) 8,136                       7,627         509  
Other comprehensive income:                                      
Equity-based compensation 3,563                 3,563                  
Activity under stock compensation plans (in shares)           7,022                          
Activity under stock compensation plan (272)                 (469)               197  
Shares of Class A common stock issued in connection with redemptions of LLC Interests (in shares)           10,000   (10,000)                      
Redemption of LLC interests 0                 71               (71)  
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis (710)                 (710)                  
Distributions paid to non-controlling interest holders (79)                                 (79)  
Ending balance (shares) at Sep. 27, 2023       39,466,268 2,834,513 39,466,268   2,834,513                      
Ending balance at Sep. 27, 2023 $ 459,086 $ 441,998 $ 17,088     $ 39   $ 3   $ 423,849     $ 9,554     $ (3)   $ 25,644  
v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
OPERATING ACTIVITIES      
Net income (loss) (including amounts attributable to non-controlling interests) $ 20,990 $ (23,105) $ (6,017)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization expense 91,242 72,796 58,991
Amortization of debt issuance costs 1,047 1,047 867
Amortization of cloud computing asset 1,798 1,500 1,245
Non-cash operating lease cost 67,781 58,801 50,888
Equity-based compensation 14,888 13,326 8,703
Deferred income taxes (9,074) (5,014) (14,473)
Non-cash interest expense 116 218 353
(Gain) loss on sale of marketable securities (81) 0 5
Net amortization of discount on held-to-maturity securities 1,620 0 0
Impairment and loss on disposal of assets 3,007 2,425 1,632
Other non-cash income 0 0 (2)
Unrealized loss on equity securities 0 158 277
Changes in operating assets and liabilities:      
Accounts receivable (2,970) 9,139 (4,193)
Inventories (1,220) (334) (962)
Prepaid expenses and other current assets (2,253) (2,473) 4,913
Other assets (6,307) (8,065) (2,722)
Accounts payable 687 3,541 (6,450)
Accrued expenses 9,513 3,502 7,175
Accrued wages and related liabilities 3,328 2,859 4,200
Other current liabilities (2,809) 8,541 (1,166)
Operating lease liabilities (58,216) (61,364) (43,417)
Other long-term liabilities 2,292 (756) (1,443)
NET CASH PROVIDED BY OPERATING ACTIVITIES 132,139 76,742 58,404
INVESTING ACTIVITIES      
Purchases of property and equipment (146,167) (142,559) (101,495)
Purchases of held-to-maturity securities (94,019) 0 0
Maturities of held-to-maturity securities 27,078 0 0
Purchases of equity securities (690) (865) (47,399)
Sales of equity securities 81,478 0 4,004
NET CASH USED IN INVESTING ACTIVITIES (132,320) (143,424) (144,890)
FINANCING ACTIVITIES      
Proceeds from issuance of convertible notes, net of discount 0 0 243,750
Deferred financing costs 0 0 (169)
Payments on principal of finance leases (3,272) (2,974) (2,694)
Distributions paid to non-controlling interest holders (162) (410) (968)
Debt issuance costs 0 0 (1,075)
Net proceeds from stock option exercises 744 424 6,731
Employee withholding taxes related to net settled equity awards (2,994) (2,242) (3,554)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (5,684) (5,202) 242,021
Effect of exchange rate changes on cash and cash equivalents (3) (1) (2)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (5,868) (71,885) 155,533
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 230,521 302,406 146,873
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 224,653 $ 230,521 $ 302,406
v3.24.0.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Dec. 27, 2023
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Dec. 28, 2022
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Property and equipment, net of accumulated depreciation $ 376,760 $ 353,303 $ 331,571 $ 310,939 $ 290,362 $ 271,938 $ 254,291 $ 236,933
Preferred stock, par value (in dollars per share) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000
Preferred stock, shares issued (in shares) 0 0 0 0 0 0 0 0
Preferred stock, shares outstanding (in shares) 0 0 0 0 0 0 0 0
Class A Common Stock                
Common stock, par value (in dollars per share) $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
Common stock, shares, issued (in shares) 39,474,315 39,466,268 39,449,246 39,404,905 39,284,998 39,279,699 39,266,670 39,218,290
Common stock, shares, outstanding (in shares) 39,474,315 39,466,268 39,449,246 39,404,905 39,284,998 39,279,699 39,266,670 39,218,290
Class B Common Stock                
Common stock, par value (in dollars per share) $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 35,000,000 35,000,000 35,000,000 35,000,000 35,000,000 35,000,000 35,000,000 35,000,000
Common stock, shares, issued (in shares) 2,834,513 2,834,513 2,844,513 2,844,513 2,869,513 2,869,513 2,871,513 2,911,587
Common stock, shares, outstanding (in shares) 2,834,513 2,834,513 2,844,513 2,844,513 2,869,513 2,869,513 2,871,513 2,911,587
v3.24.0.1
NATURE OF OPERATIONS
 12 Months Ended
Dec. 27, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
NATURE OF OPERATIONS NATURE OF OPERATIONS
Shake Shack Inc. was formed on September 23, 2014 as a Delaware corporation for the purpose of facilitating an initial public offering and other related transactions in order to carry on the business of SSE Holdings, LLC and its subsidiaries ("SSE Holdings"). Shake Shack Inc. is the sole managing member of SSE Holdings and, as sole managing member, the Company operates and controls all of the business and affairs of SSE Holdings. As a result, the Company consolidates the financial results of SSE Holdings and reports a non-controlling interest representing the economic interest in SSE Holdings held by the other members of SSE Holdings. As of December 27, 2023 the Company owned 93.3% of SSE Holdings. Unless the context otherwise requires, "we," "us," "our," "Shake Shack," the "Company" and other similar references, refer to Shake Shack Inc. and, unless otherwise stated, all of its subsidiaries, including SSE Holdings.
The Company operates and licenses Shake Shack restaurants ("Shacks"), which serve burgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine and more. As of December 27, 2023, there were 518 Shacks in operation, system-wide, of which 295 were domestic Company-operated Shacks, 39 were domestic licensed Shacks and 184 were international licensed Shacks.
v3.24.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 12 Months Ended
Dec. 27, 2023
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and include the accounts of Shake Shack Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Certain reclassifications have been made to prior period amounts to conform to the current year presentation.
The Company has elected to reclassify certain marketing expenses for prior periods to conform with the presentation for the fiscal year ended December 27, 2023. These reclassifications had no effect on previously reported Net Income (Loss). For the fiscal year ended December 28, 2022 and December 29, 2021, the Company reclassified $1,219 and $1,200, respectively from Other operating expenses to General and administrative expenses in the accompanying Consolidated Statements of Income (Loss).
SSE Holdings is considered a variable interest entity. Shake Shack Inc. is the primary beneficiary as the Company has the majority economic interest in SSE Holdings and, as the sole managing member, has decision making authority that significantly affects the economic performance of the entity, while the limited partners have no substantive kick-out or participating rights. As a result, the Company consolidates SSE Holdings. The assets and liabilities of SSE Holdings represent substantially all of the Company's consolidated assets and liabilities with the exception of certain deferred taxes and liabilities under the Tax Receivable Agreement. As of December 27, 2023 and December 28, 2022, the net assets of SSE Holdings were $388,250 and $362,571, respectively. The assets of SSE Holdings are subject to certain restrictions in SSE Holdings' revolving credit agreement. Refer to Note 9, Debt, and Note 15, Income Taxes, for additional information.
Fiscal Year
The Company operates on a 52/53 week fiscal year ending on the last Wednesday of December. Fiscal 2023 contained 52 weeks and ended on December 27, 2023 ("fiscal 2023"). Fiscal 2022 contained 52 weeks and ended on December 28, 2022 ("fiscal 2022"). Fiscal 2021 contained 52 weeks and ended on December 29, 2021 ("fiscal 2021"). Unless otherwise stated, references to years in this report relate to fiscal years.
Use of Estimates
The preparation of these Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the
date of the financial statements, and the reported amounts of sales and expenses during the reporting period. Actual results could differ from those estimates.
Segment Reporting
The chief operating decision maker (the "CODM") is the Chief Executive Officer. The Company determined it has one operating segment and one reportable segment, as the CODM regularly reviews Shack operations and financial performance at a consolidated level to allocate resources.
Fair Value Measurements
The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. Assets and liabilities are categorized based on the priority of the inputs to the valuation technique into a three-level fair value hierarchy as set forth below.
▪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 or liabilities, quoted prices for identical assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability.
▪Level 3 — Inputs that are both unobservable and significant to the overall fair value measurements reflecting an entity's estimates of assumptions that market participants would use in pricing the asset or liability.
Cash and Cash Equivalents
Cash and cash equivalents consist primarily of cash on hand, deposits with banks, money market funds and short-term, highly liquid investments that have original maturities of three months or less. Cash equivalents are stated at cost, which approximates fair value.
Marketable Securities
Marketable securities classified as available-for-sale securities consist of mutual funds that primarily invest in corporate bonds, certificates of deposits, asset-backed securities, commercial paper, U.S. Treasury obligations, and foreign government securities. Available-for-sale securities are recorded at fair value, with unrealized gains and losses recorded in Other income, net. Dividend and interest income are recognized when earned and are recorded in Other income, net on the Consolidated Statements of Income (Loss). Held-to-maturity securities consist of U.S. Treasuries for which the Company has the ability and intent to hold to maturity and are reported at amortized cost, net of a valuation allowance for credit losses. Interest income and the amortization of discounts and premiums are recorded in Other income, net on the Consolidated Statements of Income (Loss). No expected credit losses were recognized as of December 27, 2023.
Accounts Receivable, Net
Accounts receivable, net consist primarily of receivables from our licensees for licensing revenue and related reimbursements, credit card receivables and vendor rebates. The collectability of accounts receivable is evaluated based on a variety of factors, including historical experience, current economic conditions and other factors.
Inventories
Inventories, which consist of food, paper goods, beverages, beer, wine and retail merchandise, are valued at the lower of weighted average cost or net realizable value. No adjustment is deemed necessary to reduce inventory to net realizable value due to the rapid turnover and high utilization of inventory.
Property and Equipment, Net
Property and equipment, net is stated at historical cost less accumulated depreciation. Property and equipment are depreciated using the straight-line method over the estimated useful lives of the assets, which generally range from five to seven years for equipment, furniture and fixtures, and two to five years for computer equipment and software. Leasehold improvements are depreciated over the shorter of their estimated useful lives or the related lease terms.
Costs incurred when constructing Shacks are capitalized. The cost of repairs and maintenance are expensed when incurred. Costs for refurbishments and improvements that significantly increase the productive capacity or extend the useful life of the assets are capitalized. When assets are disposed, the resulting gain or loss is recognized in Impairment and loss on disposal of assets on the Consolidated Statements of Income (Loss).
Valuation of Long-lived Assets
The Company assesses potential impairments to its long-lived assets, which include property and equipment and operating and finance lease right-of-use assets, whenever events or circumstances indicate that the carrying value of an asset may not be recoverable. The recoverability evaluation is first performed at the market service area level ("MSA"). If the carrying value of the MSA exceeds its estimated undiscounted future cash flows, a secondary recoverability test is performed for all individual Shacks within the identified MSA. An impairment charge is recognized when the carrying amount of the asset exceeds the fair value of the asset, considering external market participant assumptions, and is allocated across all assets of the impaired Shack. Since the determination of future cash flows is an estimate of future performance, there may be future impairments in the event that future cash flows do not meet expectations. Refer to Note 5, Fair Value Measurements, for additional information.
Deferred Financing Costs
Deferred financing costs incurred in connection with the issuance of long-term debt and establishing credit facilities are capitalized and amortized in Interest expense based on the related debt agreements. Deferred financing costs are included in Other assets on the Consolidated Balance Sheets.
Other Assets
Other assets consist primarily of capitalized implementation costs from cloud computing arrangements, certain custom pre-ordered furniture, fixtures and equipment for future and existing Shacks, transferable liquor licenses, and security deposits.
Implementation costs associated with cloud computing arrangements hosted by third-party vendors are capitalized when incurred during the application development phase. Amortization is calculated on a straight-line basis over the contractual term of the cloud computing arrangement and is recorded within General and administrative expenses on the Consolidated Statements of Income (Loss). As of December 27, 2023 and December 28, 2022, capitalized implementation costs from cloud computing arrangements totaled $5,572 and $6,212, respectively, net of accumulated amortization.
The costs of obtaining non-transferable liquor licenses that are directly issued by local government agencies for nominal fees are expensed as incurred. The costs of purchasing transferable liquor licenses through open markets in jurisdictions with a limited number of authorized liquor licenses are capitalized as indefinite-lived intangible assets. Annual liquor license renewal fees, for both types of licenses, are expensed over the renewal term. As of December 27, 2023 and December 28, 2022, indefinite-lived intangible assets relating to transferable liquor licenses totaled $1,903 and $1,837, respectively. Indefinite-lived intangible assets are evaluated for impairment at least annually during the fourth quarter, and whenever events or circumstances indicate that an impairment may exist. When evaluating intangible assets for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that an intangible asset group is impaired. If determined that it is more likely than not that the carrying value of the intangible asset group exceeds its fair value, the Company performs a quantitative assessment to derive the fair value of the intangible asset group. If the carrying value of the intangible asset group exceeds the estimated fair value, an impairment charge is recorded to reduce the carrying value to the estimated fair value. In addition, the Company continuously monitors and may revise the useful lives of intangible assets when facts and circumstances change.
Revenue Recognition
Revenue primarily consists of Shack sales and Licensing revenue. Generally, revenue is recognized as promised goods or services transfer to the guest or customer in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.
Shack Sales
Revenue from Shack sales is recognized when payment is tendered at the point of sale, net of discounts, as the performance obligation has been satisfied at that time. Sales tax collected from guests is excluded from Shack sales and the obligation is included as sales tax payable until the taxes are remitted to the appropriate taxing authorities.
Delivery services are fulfilled by third-party delivery partners whether ordered through the Shack app, website ("Company-owned platforms") or through third-party delivery platforms. Revenue from orders through Company-owned platforms includes delivery fees and is recognized when the delivery partner transfers the order to the guest as the Company controls the delivery. For these sales, the Company receives payment directly from the guest at the time of sale. Revenue from orders through third-party delivery partners is recognized when the order is transferred to the third-party delivery partner and excludes delivery fees collected by the delivery platforms as the Company does not control the delivery. The Company receives payment from the delivery partner subsequent to the transfer of the order and the payment terms are short-term in nature. For all delivery sales, the Company is considered the principal and recognizes revenue on a gross basis.
The Company sells gift cards which do not have expiration dates. Revenue from gift cards is recognized when gift cards are redeemed by the customer or, in the event a gift card is not expected to be redeemed, in proportion to actual redemptions of gift cards ("gift card breakage"). The gift card breakage rate is determined from historical gift card redemption patterns. Gift card breakage income for fiscal 2023 and 2022 was $327 and $1,472, respectively. During fiscal 2022, the Company concluded it had accumulated a sufficient level of historical data from a large pool of homogeneous transactions to allow it to reasonably and objectively determine an estimated gift card breakage rate and the pattern of actual gift card redemptions. In accordance with ASC 250, Accounting Changes and Error Corrections, the Company concluded that this accounting change represented a change in accounting estimate. As a result, a cumulative catch-up adjustment was recorded during fiscal 2022 that resulted in $1,281 of gift card breakage income. Gift card breakage income is included in Shack sales in the Consolidated Statements of Income (Loss).
Licensing Revenue
Licensing revenue includes initial territory fees, Shack opening fees and ongoing sales-based royalty fees from licensed Shacks. Generally, the licenses granted to develop, open and operate each Shack in a specified territory are the predominant good or service transferred to the licensee and represent distinct performance obligations. Ancillary promised services, such as training and assistance during the initial opening of a Shack, are typically combined with the license and considered one performance obligation per Shack.
The Company determines the transaction price for each contract, which is comprised of the initial territory fee and an estimate of the total Shack opening fees the Company expects to be entitled to. The calculation of total Shack opening fees requires judgment, as it is based on an estimated number of Shacks the Company expects the licensee to open. The transaction price is then allocated equally to each Shack expected to open. The performance obligation is satisfied over time, starting when a Shack opens through the end of the license term for the related Shack therefore revenue is recognized on a straight-line basis over the license term.
Generally, payment for the initial territory fee is received upon execution of the license agreement and payment for the Shack opening fees is received either in advance of or upon opening the related Shack. These payments are initially deferred and recognized in revenue as the performance obligations are satisfied. Revenue from sales-based royalties is recognized as the related sales occur.
Equity-based Compensation
Equity-based compensation expense is measured based on the grant-date fair value of the awards. For awards with graded-vesting features and service conditions only, compensation expense is recognized on a straight-line basis over the total requisite
service period for the entire award. For awards with graded-vesting features and a combination of service and performance conditions, compensation expense is recognized using a graded-vesting attribution method over the vesting period based on the most probable outcome of the performance conditions. For awards with cliff vesting features and a combination of service and performance conditions, compensation expense is recognized on a straight-line basis over the total requisite service period for the entire award. Actual distributed shares are calculated upon conclusion of the service and performance periods. Forfeitures are recognized as they occur for all equity awards. Equity-based compensation expense is included in General and administrative expenses and Labor and related expenses on the Consolidated Statements of Income (Loss).
Advertising
Most advertising costs are expensed as incurred, with the exception of advertising production costs, which are expensed at the time the advertising first takes place. Advertising costs totaled $12,437, $12,376 and $5,677 in fiscal 2023, fiscal 2022 and fiscal 2021, respectively, and are included in General and administrative expense and Other operating expenses on the Consolidated Statements of Income (Loss).
Leases
Shake Shack currently leases all of its domestic Company-operated Shacks, the home office and certain equipment under various non-cancelable lease agreements that expire on various dates through 2045. The Company evaluates contracts entered into to determine whether the contract involves the use of property or equipment, which is either explicitly or implicitly identified in the contract. The Company evaluates whether it controls the use of the asset, which is determined by assessing whether substantially all economic benefit from the use of the asset is obtained, and whether the Company has the right to direct the use of the asset. If these criteria are met, the Company has identified a lease, within the contract, and therefore a right of use asset and lease liability are recorded on the Consolidated Balance Sheets. Upon possession of a leased asset, the Company determines whether the lease is an operating or finance lease. All of the Company's real estate leases are classified as operating leases and most equipment leases are classified as finance leases.
Generally, real estate leases have initial terms ranging from 10 to 15 years and typically include two five-year renewal options. Renewal options are generally not recognized as part of the right-of-use assets and lease liabilities as it is not reasonably certain at commencement date that the Company would exercise the renewal options. Real estate leases typically contain fixed minimum rent payments and/or contingent rent payments which are based upon sales in excess of specified thresholds. When the achievement of such sales thresholds are deemed to be probable, contingent rent is accrued in proportion to the sales recognized during the period.
For operating leases, fixed lease payments are recognized as operating lease costs on a straight-line basis over the lease term within the Consolidated Statements of Income (Loss) in the following line items. Lease expense incurred before a Shack opens is recorded in Pre-opening costs. Once a domestic Company-operated Shack opens, the straight-line lease expense and contingent rent, if applicable, are recorded in Occupancy and related expenses. Many of these leases also require the Company to pay real estate taxes, common area maintenance costs and other occupancy costs which are included in Occupancy and related expenses. Finance leases are recognized in depreciation expense on a straight-line basis over the remaining lease term, along with recognition of interest expense associated with accretion of the lease liability.
For both operating and finance leases that contain lease and non-lease components, the components are combined and accounted for as a single lease component. Variable lease costs for both operating and finance leases, if any, are recognized as incurred. Leases with a term of 12 months or less are deemed short-term and are not recognized on the Consolidated Balance Sheets. Fixed lease payments for short-term leases are recognized on a straight-line basis over the lease term.
The Company calculates operating lease assets and lease liabilities as the present value of fixed lease payments over the reasonably certain lease term beginning at the commencement date. The Company uses its incremental borrowing rate (“IBR”) in determining the present value of future lease payments as there are no explicit rates provided in the leases. The IBR used to measure the lease liability is derived from the average of the yield curves obtained from using the notching method and the recovery rate method. The most significant assumption in calculating the IBR is the Company's credit rating and is subject to judgment. The credit rating used to develop the IBR is determined by utilizing the credit ratings of other public companies with similar financial information as SSE Holdings.
The Company expends cash for leasehold improvements to build out and equip leased properties. Generally, a portion of the leasehold improvements and building costs are reimbursed by the landlords through landlord incentives pursuant to agreed-upon terms in the lease agreements. Landlord incentives usually take the form of cash, full or partial credits against future minimum or contingent rents otherwise payable by the Company, or a combination thereof. In most cases, landlord incentives are received after the Company takes possession of the property and as milestones are met during the construction of the property. The Company includes these amounts in the measurement of the initial operating lease liability, and lease asset.
Pre-opening Costs
Pre-opening costs are expensed as incurred and consist primarily of occupancy, manager and team member wages, cookware, travel and lodging costs for the opening training team and other supporting team members, marketing expenses, legal fees, and inventory costs incurred prior to the opening of a Shack.
Income Taxes
Income taxes are accounted for pursuant to the asset and liability method which requires the recognition of deferred income tax assets and liabilities related to the expected future tax consequences arising from temporary differences between the carrying values and tax bases of assets and liabilities based on enacted statutory tax rates applicable to the periods in which the temporary differences are expected to reverse. Any effects of changes in income tax rates or laws are included in Income tax expense on the Consolidated Statements of Income (Loss) in the period of enactment. A valuation allowance is recognized if we determine it is more likely than not that all or a portion of a deferred tax asset will not be recognized. In making such determination, the Company considers all available evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax planning strategies and recent and expected future results of operations.
Recently Issued Accounting Pronouncements     
Accounting standards updates ("ASU") applicable to the Company that were issued in 2023 are summarized below.
ASUDescription
Effective Date
Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures

(ASU 2023-07)
This ASU requires that an entity report segment information in accordance with Topic 280, Segment Reporting. The amendment in the ASU is intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses.

Early adoption is permitted. The adoption of this standard is not expected to have a material impact to our consolidated financial statements.
Fiscal years beginning after December 15, 2023
Income Taxes (Topic 740): Improvements to Income Tax Disclosures

(ASU 2023-09)
This ASU requires that an entity, on an annual basis, disclose additional income tax information, primarily related to the rate reconciliation and income taxes paid. The amendment in the ASU is intended to enhance the transparency and decision usefulness of income tax disclosures.

Early adoption is permitted. The Company is currently evaluating the impact this standard will have on our consolidated financial statements and related disclosures.
Fiscal years beginning after December 15, 2024
All other ASUs issued but not yet effective are not applicable or not expected to have a material impact on the Company’s future Consolidated Financial Statements.
v3.24.0.1
RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS
 12 Months Ended
Dec. 27, 2023
Accounting Changes and Error Corrections [Abstract]  
RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS
In connection with the preparation of the Company's Consolidated Financial Statements as of and for the fiscal year ended December 27, 2023, the Company discovered that in prior years it had not appropriately accounted for the deferred tax asset associated with its investment in SSE Holdings, primarily due to incorrect accounting for state tax depreciation. The error resulted in an overstatement of income tax expense of approximately $2,862 for the fiscal year ended December 28, 2022 and an understatement of income tax benefit of $4,094 for the fiscal year ended December 29, 2021 and deferred tax assets were
understated for the impacted periods. The error also resulted in an understatement of retained earnings and deferred tax assets as of December 26, 2020 of approximately $10,094 related to prior periods. The error did not impact total revenue or loss before income taxes for the fiscal years ended December 28, 2022 and December 29, 2021.
The misstatements were material to the previously issued financial statements of the Company and as a result, the Company has restated its Consolidated Balance Sheets, Consolidated Statements of Loss, Consolidated Statements of Comprehensive Loss, Consolidated Statements of Stockholder's Equity, and Consolidated Statements of Cash Flows as of and for the fiscal years ended December 28, 2022 and December 29, 2021 presented herein. The restatement includes adjustments to Deferred income taxes, net, Additional paid-in capital, Retained earnings (accumulated deficit), Income tax expense (benefit), Net income (loss), Net income (loss) attributable to Shake Shack Inc., and Earnings (loss) per share.
The impact of the correction of the misstatements is summarized below:
As of December 28, 2022As of December 29, 2021
CORRECTED CONSOLIDATED BALANCE SHEETS As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
Deferred income taxes, net$300,538 $17,088 $317,626 $298,668 $14,205 $312,873 
Total assets1,494,862 17,088 1,511,950 1,457,570 14,205 1,471,775 
Additional paid-in capital415,611 38 415,649 405,940 17 405,957 
Retained earnings (accumulated deficit)(20,537)17,050 (3,487)3,554 14,188 17,742 
Total equity
419,748 17,088 436,836 435,600 14,205 449,805 
Total liabilities and stockholders' equity
1,494,862 17,088 1,511,950 1,457,570 14,205 1,471,775 
For the Fiscal Year Ended
December 28, 2022		For the Fiscal Year Ended
December 29, 2021
CORRECTED CONSOLIDATED STATEMENTS OF LOSSAs previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
Income tax expense (benefit) $1,682 $(2,862)$(1,180)$(7,224)$(4,094)$(11,318)
Net loss
(25,967)2,862 (23,105)(10,111)4,094 (6,017)
Net loss attributable to Shake Shack Inc. (24,091)2,862 (21,229)(8,655)4,094 (4,561)
Loss per share of Class A common stock:
Basic$(0.61)$0.07 $(0.54)$(0.22)$0.10 $(0.12)
Diluted$(0.61)$0.07 $(0.54)$(0.22)$0.10 $(0.12)
For the Fiscal Year Ended
December 28, 2022		For the Fiscal Year Ended
December 29, 2021
CORRECTED CONSOLIDATED STATEMENTS OF CASH FLOWS
As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
Net income (loss) (including amounts attributable to non-controlling interests)$(25,967)$2,862 $(23,105)$(10,111)$4,094 $(6,017)
Deferred income taxes(3,357)(1,657)(5,014)(10,379)(4,094)(14,473)
Accrued expenses
4,707 (1,205)3,502 7,175 — 7,175 
Net cash provided by Operating activities
76,742 — 76,742 58,404 — 58,404 
Additional Paid-In Capital
Retained Earnings
(Accumulated Deficit)
CORRECTED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
BALANCE AT DECEMBER 30, 2020$395,067 $— $395,067 $12,209 $10,094 $22,303 
Net loss— — — (8,655)4,094 (4,561)
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis208 17 225 — — — 
BALANCE AT DECEMBER 29, 2021405,940 17 405,957 3,554 14,188 17,742 
Net loss— — — (24,091)2,862 (21,229)
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis(1,182)21 (1,161)— — — 
BALANCE AT DECEMBER 28, 2022$415,611 $38 $415,649 $(20,537)$17,050 $(3,487)
All referenced amounts for prior periods in these financial statements and the notes herein reflect the balances and amounts on a restated basis.
Restatement of Interim Financial Information (Unaudited)
The Company has restated its unaudited Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Stockholder's Equity for the quarterly periods ended March 30, 2022, June 29, 2022, September 28, 2022, March 29, 2023, June 28, 2023 and September 27, 2023. The Condensed Consolidated Statements of Income (Loss) and Condensed Consolidated Statements of Cash Flows for the periods ended March 30, 2022, June 29, 2022, September 28, 2022, March 29, 2023, June 28, 2023 and September 27, 2023 were not impacted by the misstatement.
As of March 29, 2023As of March 30, 2022
CORRECTED CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
ASSETS
Current assets:
Cash and cash equivalents
$293,430 $— $293,430 $279,251 $— $279,251 
Marketable securities
— — — 79,676 — 79,676 
Accounts receivable, net14,175 — 14,175 11,755 — 11,755 
Inventories4,394 — 4,394 3,780 — 3,780 
Prepaid expenses and other current assets18,075 — 18,075 12,155 — 12,155 
Total current assets
330,074 — 330,074 386,617 — 386,617 
Property and equipment, net of accumulated depreciation of $310,939 and $236,933, respectively
479,617 — 479,617 398,971 — 398,971 
Operating lease assets379,475 — 379,475 346,128 — 346,128 
Deferred income taxes, net301,538 17,088 318,626 304,166 14,205 318,371 
Other assets16,211 — 16,211 13,846 — 13,846 
TOTAL ASSETS$1,506,915 $17,088 $1,524,003 $1,449,728 $14,205 $1,463,933 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable$16,002 $— $16,002 $13,395 $— $13,395 
Accrued expenses45,677 — 45,677 38,997 — 38,997 
Accrued wages and related liabilities18,678 — 18,678 16,032 — 16,032 
Operating lease liabilities, current44,578 — 44,578 36,951 — 36,951 
Other current liabilities18,117 — 18,117 20,586 — 20,586 
Total current liabilities143,052 — 143,052 125,961 — 125,961 
Long-term debt244,851 — 244,851 243,804 — 243,804 
Long-term operating lease liabilities441,554 — 441,554 399,487 — 399,487 
Liabilities under tax receivable agreement, net of current portion235,361 — 235,361 234,273 — 234,273 
Other long-term liabilities22,192 — 22,192 20,944 — 20,944 
Total liabilities1,087,010 — 1,087,010 1,024,469 — 1,024,469 
Commitments and contingencies
Stockholders' equity:
Preferred stock, no par value—10,000,000 shares authorized; none issued and outstanding as of March 29, 2023 and March 30, 2022.
— — — — — — 
Class A common stock, $0.001 par value—200,000,000 shares authorized; 39,404,905 and 39,218,290 shares issued and outstanding as of March 29, 2023 and March 30, 2022, respectively.
39 — 39 39 — 39 
Class B common stock, $0.001 par value—35,000,000 shares authorized; 2,844,513 and 2,911,587 shares issued and outstanding as of March 29, 2023 and March 30, 2022, respectively.
3 — 3 3 — 3 
Additional paid-in capital417,451 38 417,489 406,981 17 406,998 
Retained earnings (accumulated deficit)
(22,071)17,050 (5,021)(6,608)14,188 7,580 
Accumulated other comprehensive loss(4)— (4)— — — 
Total stockholders' equity attributable to Shake Shack Inc.395,418 17,088 412,506 400,415 14,205 414,620 
Non-controlling interests24,487 — 24,487 24,844 — 24,844 
Total equity419,905 17,088 436,993 425,259 14,205 439,464 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$1,506,915 $17,088 $1,524,003 $1,449,728 $14,205 $1,463,933 
As of June 28, 2023As of June 29, 2022
CORRECTED CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
ASSETS
Current assets:
Cash and cash equivalents
$203,697 $— $203,697 $278,332 $— $278,332 
Marketable securities
91,537 — 91,537 79,625 — 79,625 
Accounts receivable, net14,332 — 14,332 11,936 — 11,936 
Inventories4,674 — 4,674 3,955 — 3,955 
Prepaid expenses and other current assets15,278 — 15,278 13,727 — 13,727 
Total current assets
329,518 — 329,518 387,575 — 387,575 
Property and equipment, net of accumulated depreciation of $331,571 and $254,291, respectively
500,085 — 500,085 411,018 — 411,018 
Operating lease assets385,386 — 385,386 361,522 — 361,522 
Deferred income taxes, net302,025 17,088 319,113 305,230 14,205 319,435 
Other assets15,802 — 15,802 14,735 — 14,735 
TOTAL ASSETS$1,532,816 $17,088 $1,549,904 $1,480,080 $14,205 $1,494,285 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable$17,005 $— $17,005 $16,420 $— $16,420 
Accrued expenses50,588 — 50,588 40,013 — 40,013 
Accrued wages and related liabilities18,221 — 18,221 18,440 — 18,440 
Operating lease liabilities, current46,490 — 46,490 38,775 — 38,775 
Other current liabilities17,881 — 17,881 20,261 — 20,261 
Total current liabilities150,185 — 150,185 133,909 — 133,909 
Long-term debt245,113 — 245,113 244,066 — 244,066 
Long-term operating lease liabilities448,580 — 448,580 418,010 — 418,010 
Liabilities under tax receivable agreement, net of current portion235,361 — 235,361 234,862 — 234,862 
Other long-term liabilities22,218 — 22,218 21,597 — 21,597 
Total liabilities1,101,457 — 1,101,457 1,052,444 — 1,052,444 
Commitments and contingencies
Stockholders' equity:
Preferred stock, no par value—10,000,000 shares authorized; none issued and outstanding as of June 28, 2023 and June 29, 2022.
— — — — — — 
Class A common stock, $0.001 par value—200,000,000 shares authorized; 39,449,246 and 39,266,670 shares issued and outstanding as of June 28, 2023 and June 29, 2022, respectively.
39 — 39 39 — 39 
Class B common stock, $0.001 par value—35,000,000 shares authorized; 2,844,513 and 2,871,513 shares issued and outstanding as of June 28, 2023 and June 29, 2022, respectively.
3 — 3 3 — 3 
Additional paid-in capital421,356 38 421,394 410,520 17 410,537 
Retained earnings (accumulated deficit)
(15,123)17,050 1,927 (7,796)14,188 6,392 
Accumulated other comprehensive loss(4)— (4)(1)— (1)
Total stockholders' equity attributable to Shake Shack Inc.406,271 17,088 423,359 402,765 14,205 416,970 
Non-controlling interests25,088 — 25,088 24,871 — 24,871 
Total equity431,359 17,088 448,447 427,636 14,205 441,841 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$1,532,816 $17,088 $1,549,904 $1,480,080 $14,205 $1,494,285 
As of September 27, 2023As of September 28, 2022
CORRECTED CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
ASSETS
Current assets:
Cash and cash equivalents
$190,020 $— $190,020 $256,998 $— $256,998 
Marketable securities
94,957 — 94,957 80,015 — 80,015 
Accounts receivable, net13,889 — 13,889 11,800 — 11,800 
Inventories4,608 — 4,608 3,996 — 3,996 
Prepaid expenses and other current assets19,762 — 19,762 14,246 — 14,246 
Total current assets
323,236 — 323,236 367,055 — 367,055 
Property and equipment, net of accumulated depreciation of $353,303 and $271,938, respectively
525,557 — 525,557 441,870 — 441,870 
Operating lease assets397,870 — 397,870 370,536 — 370,536 
Deferred income taxes, net302,156 17,088 319,244 306,976 14,205 321,181 
Other assets16,037 — 16,037 15,330 — 15,330 
TOTAL ASSETS$1,564,856 $17,088 $1,581,944 $1,501,767 $14,205 $1,515,972 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable$21,251 $— $21,251 $17,210 $— $17,210 
Accrued expenses47,630 — 47,630 49,387 — 49,387 
Accrued wages and related liabilities18,164 — 18,164 17,758 — 17,758 
Operating lease liabilities, current47,610 — 47,610 40,690 — 40,690 
Other current liabilities17,522 — 17,522 19,497 — 19,497 
Total current liabilities152,177 — 152,177 144,542 — 144,542 
Long-term debt245,375 — 245,375 244,328 — 244,328 
Long-term operating lease liabilities463,370 — 463,370 429,165 — 429,165 
Liabilities under tax receivable agreement, net of current portion235,614 — 235,614 234,892 — 234,892 
Other long-term liabilities26,322 — 26,322 20,588 — 20,588 
Total liabilities1,122,858 — 1,122,858 1,073,515 — 1,073,515 
Commitments and contingencies
Stockholders' equity:
Preferred stock, no par value—10,000,000 shares authorized; none issued and outstanding as of September 27, 2023 and September 28, 2022.
— — — — — — 
Class A common stock, $0.001 par value—200,000,000 shares authorized; 39,466,268 and 39,279,699 shares issued and outstanding as of September 27, 2023 and September 28, 2022, respectively.
39 — 39 39 — 39 
Class B common stock, $0.001 par value—35,000,000 shares authorized; 2,834,513 and 2,869,513 shares issued and outstanding as of September 27, 2023 and September 28, 2022, respectively.
3 — 3 3 — 3 
Additional paid-in capital423,811 38 423,849 413,274 17 413,291 
Retained earnings (accumulated deficit)
(7,496)17,050 9,554 (9,820)14,188 4,368 
Accumulated other comprehensive loss(3)— (3)(1)— (1)
Total stockholders' equity attributable to Shake Shack Inc.416,354 17,088 433,442 403,495 14,205 417,700 
Non-controlling interests25,644 — 25,644 24,757 — 24,757 
Total equity441,998 17,088 459,086 428,252 14,205 442,457 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$1,564,856 $17,088 $1,581,944 $1,501,767 $14,205 $1,515,972 
Thirteen Weeks Ended
CONDENSED CONSOLIDATED STATEMENTS OF LOSS (UNAUDITED)
March 29
2023		March 30
2022
Shack sales$244,254 $196,791 
Licensing revenue9,024 6,600 
TOTAL REVENUE253,278 203,391 
Shack-level operating expenses:
Food and paper costs71,772 59,884 
Labor and related expenses74,264 60,465 
Other operating expenses34,936 30,171 
Occupancy and related expenses18,583 16,276 
General and administrative expenses31,311 31,386 
Depreciation and amortization expense21,322 16,855 
Pre-opening costs3,557 2,712 
Impairment and loss on disposal of assets722 577 
TOTAL EXPENSES256,467 218,326 
LOSS FROM OPERATIONS
(3,189)(14,935)
Other income (expense), net
2,837 (289)
Interest expense(403)(355)
LOSS BEFORE INCOME TAXES
(755)(15,579)
Income tax expense (benefit)
867 (4,297)
NET LOSS
(1,622)(11,282)
Less: Net loss attributable to non-controlling interests
(88)(1,120)
NET LOSS ATTRIBUTABLE TO SHAKE SHACK INC.
$(1,534)$(10,162)
Loss per share of Class A common stock:
Basic$(0.04)$(0.26)
Diluted$(0.04)$(0.26)
Weighted average shares of Class A common stock outstanding:
Basic39,332 39,163 
Diluted39,332 39,163 
Thirteen Weeks Ended
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED)
June 28
2023		June 29
2022
Shack sales$261,810 $223,054 
Licensing revenue9,995 7,698 
TOTAL REVENUE271,805 230,752 
Shack-level operating expenses:
Food and paper costs75,800 65,987 
Labor and related expenses75,158 65,851 
Other operating expenses36,109 32,151 
Occupancy and related expenses19,801 16,657 
General and administrative expenses31,476 29,487 
Depreciation and amortization expense22,252 18,087 
Pre-opening costs5,577 2,823 
Impairment and loss on disposal of assets884 528 
TOTAL EXPENSES267,057 231,571 
INCOME (LOSS) FROM OPERATIONS
4,748 (819)
Other income, net
3,227 538 
Interest expense(405)(315)
INCOME (LOSS) BEFORE INCOME TAXES
7,570 (596)
Income tax expense
347 707 
NET INCOME (LOSS)
7,223 (1,303)
Less: Net income (loss) attributable to non-controlling interests
275 (115)
NET INCOME (LOSS) ATTRIBUTABLE TO SHAKE SHACK INC.
$6,948 $(1,188)
Earnings (loss) per share of Class A common stock:
Basic$0.18 $(0.03)
Diluted$0.16 $(0.03)
Weighted average shares of Class A common stock outstanding:
Basic39,416 39,227 
Diluted43,886 39,227 
Thirteen Weeks Ended
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED)
September 27
2023		September 28
2022
Shack sales$264,980 $219,501 
Licensing revenue11,227 8,313 
TOTAL REVENUE276,207 227,814 
Shack-level operating expenses:
Food and paper costs77,180 67,774 
Labor and related expenses76,233 64,638 
Other operating expenses37,307 33,680 
Occupancy and related expenses20,300 17,337 
General and administrative expenses30,939 26,931 
Depreciation and amortization expense23,130 18,647 
Pre-opening costs4,969 3,041 
Impairment and loss on disposal of assets492 592 
TOTAL EXPENSES270,550 232,640 
INCOME (LOSS) FROM OPERATIONS
5,657 (4,826)
Other income, net
3,441 1,482 
Interest expense(433)(475)
INCOME (LOSS) BEFORE INCOME TAXES
8,665 (3,819)
Income tax expense (benefit)
529 (1,508)
NET INCOME (LOSS)
8,136 (2,311)
Less: Net income (loss) attributable to non-controlling interests
509 (287)
NET INCOME (LOSS) ATTRIBUTABLE TO SHAKE SHACK INC.
$7,627 $(2,024)
Earnings (loss) per share of Class A common stock:
Basic$0.19 $(0.05)
Diluted$0.19 $(0.05)
Weighted average shares of Class A common stock outstanding:
Basic39,460 39,274 
Diluted43,978 39,274 
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)
For the Thirteen Weeks Ended March 30, 2022
Class A
Common Stock		Class B
Common Stock		Additional
Paid-In
Capital		Retained Earnings (Accumulated deficit)Accumulated Other Comprehensive Income (Loss)Non-
Controlling
Interest		Total
Equity
SharesAmountSharesAmount
BALANCE DECEMBER 29, 2021 (As Reported)39,142,397 $39 2,921,587 $3 $405,940 $3,554 $1 $26,063 $435,600 
Effect of restatement— — — — 17 14,188 — — 14,205 
BALANCE DECEMBER 29, 2021 (As Restated)39,142,397 39 2,921,587 3 405,957 17,742 1 26,063 449,805 
Net loss— — — — — (10,162)— (1,120)(11,282)
Other comprehensive income:
Net change in foreign currency translation adjustment— — — — — — (1)— (1)
Equity-based compensation— — — — 3,224 — — — 3,224 
Activity under stock compensation plan65,893 — — — (2,276)— — 252 (2,024)
Redemption of LLC interests10,000 — (10,000)— 49 — — (49)— 
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — 44 — — — 44 
Distributions paid to non-controlling interest holders— — — — — — — (302)(302)
BALANCE MARCH 30, 2022 (As Restated)39,218,290 $39 2,911,587 $3 $406,998 $7,580 $— $24,844 $439,464 
For the thirteen weeks ended June 29, 2022 and September 28, 2022, the effect of the restatement is included in the beginning balances as of March 30, 2022 and June 29, 2022, respectively. As such, only the restated Condensed Consolidated Statements of Stockholders' Equity are shown below.
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)
For the Thirteen Weeks Ended June 29, 2022
Class A
Common Stock		Class B
Common Stock		Additional
Paid-In
Capital		Retained Earnings (Accumulated deficit)Accumulated Other Comprehensive Income (Loss)Non-
Controlling
Interest		Total
Equity
SharesAmountSharesAmount
BALANCE MARCH 30, 2022 (As Restated)39,218,290 $39 2,911,587 $3 $406,998 $7,580 $— $24,844 $439,464 
Net loss— — — — — (1,188)— (115)(1,303)
Other comprehensive income:.
Net change in foreign currency translation adjustment— — — — — — (1)— (1)
Equity-based compensation— — — — 3,501 — — — 3,501 
Activity under stock compensation plan8,306 — — — (332)— — 421 89 
Redemption of LLC interests40,074 — (40,074)— 257 — — (257)— 
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — 113 — — — 113 
Distributions paid to non-controlling interest holders— — — — — — — (22)(22)
BALANCE JUNE 29, 2022 (As Restated)39,266,670 $39 2,871,513 $3 $410,537 $6,392 $(1)$24,871 $441,841 
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)
For the Thirteen Weeks Ended September 28, 2022
Class A
Common Stock		Class B
Common Stock		Additional
Paid-In
Capital		Retained Earnings (Accumulated deficit)Accumulated Other Comprehensive Income (Loss)Non-
Controlling
Interest		Total
Equity
SharesAmountSharesAmount
BALANCE JUNE 29, 2022 (As Restated)39,266,670 $39 2,871,513 $3 $410,537 $6,392 $(1)$24,871 $441,841 
Net loss— — — — — (2,024)— (287)(2,311)
Other comprehensive income:.
Net change in foreign currency translation adjustment— — — — — — — — — 
Equity-based compensation— — — — 3,570 — — — 3,570 
Activity under stock compensation plan11,029 — — — (182)— — 245 63 
Redemption of LLC interests2,000 — (2,000)— 7 — — (7)— 
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — (641)— — — (641)
Distributions paid to non-controlling interest holders— — — — — — — (65)(65)
BALANCE SEPTEMBER 28, 2022 (As Restated)39,279,699 $39 2,869,513 $3 $413,291 $4,368 $(1)$24,757 $442,457 
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)
For the Thirteen Weeks Ended March 29, 2023
Class A
Common Stock		Class B
Common Stock		Additional
Paid-In
Capital		Retained Earnings (Accumulated deficit)Accumulated Other Comprehensive Income (Loss)Non-
Controlling
Interest		Total
Equity
SharesAmountSharesAmount
BALANCE DECEMBER 28, 2022 (As Reported)39,284,998 $39 2,869,513 $3 $415,611 $(20,537)$— $24,632 $419,748 
Effect of restatement
— — — — 38 17,050 — — 17,088 
BALANCE DECEMBER 28, 2022 (As Restated)39,284,998 39 2,869,513 3 415,649 (3,487)— 24,632 436,836 
Net loss— — — — — (1,534)— (88)(1,622)
Other comprehensive loss:
Net change in foreign currency translation adjustment— — — — — — (4)— (4)
Equity-based compensation— — — — 3,864 — — — 3,864 
Activity under stock compensation plan94,907 — — — (2,699)— — 186 (2,513)
Redemption of LLC interests25,000 — (25,000)— 194 — — (194)— 
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — 481 — — — 481 
Distributions paid to non-controlling interest holders— — — — — — — (49)(49)
BALANCE MARCH 29, 2023 (As Restated)39,404,905 $39 2,844,513 $3 $417,489 $(5,021)$(4)$24,487 $436,993 
For the thirteen weeks ended June 28, 2023 and September 27, 2023, the effect of the restatement is included in the beginning balances as of March 29, 2023 and June 28, 2023, respectively. As such, only the restated Condensed Consolidated Statements of Stockholders' Equity are shown below.
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)
For the Thirteen Weeks Ended June 28, 2023
Class A
Common Stock		Class B
Common Stock		Additional
Paid-In
Capital		Retained Earnings (Accumulated deficit)Accumulated Other Comprehensive Income (Loss)Non-
Controlling
Interest		Total
Equity
SharesAmountSharesAmount
BALANCE MARCH 29, 2023
(As Restated)		39,404,905 $39 2,844,513 $3 $417,489 $(5,021)$(4)$24,487 $436,993 
Net income— — — — — 6,948 — 275 7,223 
Other comprehensive income (loss):
Net change in foreign currency translation adjustment— — — — — — — — — 
Equity-based compensation— — — — 4,011 — — — 4,011 
Activity under stock compensation plan44,341 — — — 145 — — 329 474 
Redemption of LLC interests— — — — — — — — — 
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — (251)— — — (251)
Distributions paid to non-controlling interest holders— — — — — — — (3)(3)
BALANCE JUNE 28, 2023 (As Restated)39,449,246 $39 2,844,513 $3 $421,394 $1,927 $(4)$25,088 $448,447 
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)
For the Thirteen Weeks Ended September 27, 2023
Class A
Common Stock		Class B
Common Stock		Additional
Paid-In
Capital		Retained Earnings (Accumulated deficit)Accumulated Other Comprehensive Income (Loss)Non-
Controlling
Interest		Total
Equity
SharesAmountSharesAmount
BALANCE JUNE 28, 2023 (As Restated)39,449,246 $39 2,844,513 $3 $421,394 $1,927 $(4)$25,088 $448,447 
Net income— — — — — 7,627 — 509 8,136 
Other comprehensive income:.
Net change in foreign currency translation adjustment— — — — — — 1 — 1 
Equity-based compensation— — — — 3,563 — — — 3,563 
Activity under stock compensation plan7,022 — — — (469)— — 197 (272)
Redemption of LLC interests10,000 — (10,000)— 71 — — (71)— 
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — (710)— — — (710)
Distributions paid to non-controlling interest holders— — — — — — — (79)(79)
BALANCE SEPTEMBER 27, 2023 (As Restated)39,466,268 $39 2,834,513 $3 $423,849 $9,554 $(3)$25,644 $459,086 
v3.24.0.1
REVENUE
 12 Months Ended
Dec. 27, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Revenue Recognition
Revenue disaggregated by type was as follows:
202320222021
Shack sales$1,046,819 $869,270 $714,989 
Licensing revenue:
Sales-based royalties39,853 30,204 24,150 
Initial territory and opening fees861 1,012 754 
Total revenue$1,087,533 $900,486 $739,893 
The aggregate amount of the transaction price allocated to performance obligations that were unsatisfied or partially unsatisfied as of December 27, 2023 was $23,690. The Company expects to recognize this amount as revenue over a long-term period, as the license term for each Shack ranges from 5 to 20 years. This amount excludes any variable consideration related to sales-based royalties.
Contract Balances
Contract liabilities and receivables from contracts with customers were as follows:
December 27
2023		December 28
2022
Shack sales receivables$9,884 $8,779 
Licensing receivables, net of allowance for doubtful accounts4,610 3,918 
Gift card liability2,603 2,285 
Deferred revenue, current1,192 969 
Deferred revenue, long-term17,157 14,340 
Revenue recognized that was included in the respective liability balances at the beginning of the period was as follows:
20232022
Gift card liability(1)
$634 $1,781 
Deferred revenue1,103 954 
(1)For fiscal 2022, amount includes the cumulative catch-up adjustment of $1,281 for gift card breakage income. Refer to Note 2, Summary of Significant Accounting Policies, for additional information.
v3.24.0.1
FAIR VALUE MEASUREMENTS
 12 Months Ended
Dec. 27, 2023
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The carrying values of the Company's Cash and cash equivalents, Accounts receivable, net, Accounts payable and Accrued expenses approximate fair value due to the short-term nature of these financial instruments.
The Company's marketable securities were as follows:
December 27
2023		December 28
2022
Equity securities
$— $80,707 
Held-to-maturity securities
68,561 — 
Total marketable securities
$68,561 $80,707 
The Company classified its available-for-sale and held-to-maturity securities as Level 1 measurements within the fair value hierarchy. Refer to Note 9, Debt, for additional information relating to the fair value of the Company's outstanding debt instruments.
The Company's held-to-maturity securities were as follows:
December 27, 2023
Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
U.S. Treasuries$68,561 $481 $— $69,042 
As of December 27, 2023, the contractual maturities of held-to-maturity securities were less than 12 months. Any expected credit losses would not be material to the Consolidated Statements of Income (Loss).
A summary of other income from investments was as follows:
202320222021
Income from investments
$2,885 $1,033 $301 
Realized gain (loss) on sale of equity securities81 — (5)
Unrealized loss on equity securities— (158)(277)
Total$2,966 $875 $19 
Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis
Assets and liabilities measured at fair value on a non-recurring basis include long-lived assets, operating lease right-of-use assets and indefinite-lived intangible assets. The Company performs its impairment analysis at least annually or whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable. No impairment charges were recognized during fiscal 2023. During fiscal 2022, the Company recognized an impairment charge of $99 related to one Shack. These impairment charges were included in Impairment and loss on disposal of assets on the Consolidated Statements of Income (Loss). There were no impairment charges recognized during fiscal 2021. The fair values of assets were determined using an income-based approach and are classified as Level 3 within the fair value hierarchy. Significant inputs include projections of future cash flows, discount rates, Shack sales and profitability.
v3.24.0.1
ACCOUNTS RECEIVABLE, NET
 12 Months Ended
Dec. 27, 2023
Receivables [Abstract]  
ACCOUNTS RECEIVABLE, NET ACCOUNTS RECEIVABLE, NET
The components of Accounts receivable, net were as follows:
December 27
2023		December 28
2022
Licensing receivables$4,610 $3,918 
Credit card receivables6,360 5,549 
Delivery receivables3,039 2,753 
Other receivables2,838 1,657 
Accounts receivable, net$16,847 $13,877 
v3.24.0.1
PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 27, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
The components of Property and equipment, net were as follows:

December 27
2023		December 28
2022
Leasehold improvements$594,024 $494,212 
Equipment98,780 77,737 
Furniture and fixtures31,469 27,519 
Computer equipment and software101,822 70,667 
Financing equipment lease right-of-use assets25,127 16,155 
Construction in progress56,533 71,103 
Property and equipment, gross907,755 757,393 
Less: accumulated depreciation(376,760)(290,362)
Property and equipment, net$530,995 $467,031 
Depreciation expense was $91,216, $72,770 and $58,961 for fiscal 2023, fiscal 2022 and fiscal 2021, respectively.
v3.24.0.1
SUPPLEMENTAL BALANCE SHEET INFORMATION
 12 Months Ended
Dec. 27, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL BALANCE SHEET INFORMATION SUPPLEMENTAL BALANCE SHEET INFORMATION
The components of Prepaid expenses and other current assets were as follows:
December 27
2023		December 28
2022
Prepaid expenses
$5,641 $3,815 
Tenant allowance receivables
12,136 10,121 
Other
1,190 763 
Prepaid expenses and other current assets
$18,967 $14,699 
The components of Other current liabilities were as follows:
December 27
2023		December 28
2022
Sales tax payable$6,076 $5,363 
Current portion of financing equipment lease liabilities3,435 2,546 
Gift card liability2,603 2,285 
Legal reserve679 6,285 
Other4,310 3,073 
Other current liabilities$17,103 $19,552 
The components of Other long-term liabilities were as follows:
December 27
2023		December 28
2022
Deferred licensing revenue$17,157 $14,340 
Long-term portion of financing equipment lease liabilities8,721 3,909 
Other760 2,438 
Other long-term liabilities$26,638 $20,687 
v3.24.0.1
DEBT
 12 Months Ended
Dec. 27, 2023
Debt Disclosure [Abstract]  
DEBT DEBT
Convertible Notes
The Company's $250,000 aggregate principal amount of 0% Convertible Senior Notes due 2028 (“Convertible Notes”) will mature on March 1, 2028, unless earlier converted, redeemed or repurchased in certain circumstances. Upon conversion, the Company pays or delivers, as the case may be, cash, shares of Class A common stock or a combination of cash and shares of Class A common stock, at the Company's election.
The Convertible Notes are convertible at the option of the holders at any time prior to the close of business on the business day immediately preceding December 1, 2027, only under the following circumstances: (1) during any fiscal quarter commencing after the fiscal quarter ending on June 30, 2021 (and only during such fiscal quarter), if the last reported sale price of the Company's Class A common stock, par value $0.001 per share, for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding fiscal quarter is greater than or equal to 130% of the conversion price for the Convertible Notes on each applicable trading day; (2) during the five business day period after any ten consecutive trading day period (the “measurement period”) in which the trading price (as defined in the Indenture) per one thousand dollar principal amount of the Convertible Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of Class A common stock and the conversion rate for the Convertible Notes on each such trading day; (3) if the Company calls such Convertible Notes for redemption, at any time prior to the close of business on the scheduled trading day immediately preceding the redemption date, but only with respect to the Convertible Notes called (or deemed called) for redemption; and (4) upon the occurrence of specified corporate events as set forth in the Indenture. On or after December 1, 2027, until the close of business on the second scheduled trading day immediately preceding the maturity date, holders of the Convertible Notes may convert all or any portion of their Convertible Notes at any time, regardless of the foregoing circumstances.
The Convertible Notes had an initial conversion rate of 5.8679 shares of Class A common stock per one thousand dollar principal amount of Convertible Notes, which is equivalent to an initial conversion price of approximately $170.42 per share of Class A common stock. The fair value of the Convertible Notes was approximately $205,000 and $162,500, respectively, as of December 27, 2023 and December 28, 2022, based on external pricing data, including available quoted market prices of these
instruments, and consideration of comparable debt instruments with similar interest rates and trading frequency, among other factors, and is classified as a Level 2 measurement within the fair value hierarchy.
The Company may not redeem the Convertible Notes prior to March 6, 2025. The Company may redeem for cash all or any portion of the Convertible Notes, at the Company's option, on or after March 6, 2025 if the last reported sale price of Class A common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid special interest, if any, to, but excluding, the redemption date.
In addition, if Shake Shack undergoes a fundamental change (as defined in the indenture governing the Convertible Notes), subject to certain conditions, holders may require it to repurchase for cash all or any portion of their Convertible Notes at a repurchase price equal to 100% of the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid special interest, if any, to, but excluding, the fundamental change repurchase date. In addition, following certain corporate events that occur prior to the maturity date of the Convertible Notes or if the Company delivers a notice of redemption in respect of some or all of the Convertible Notes, the Company will, in certain circumstances, increase the conversion rate of the Convertible Notes for a holder who elects to convert the Convertible Notes in connection with such a corporate event or convert the Convertible Notes called (or deemed called) for redemption during the related redemption period, as the case may be.
Contemporaneously with the issuance of the Convertible Notes, Shake Shack Inc. entered into an intercompany note with SSE Holdings (“Intercompany Note”). SSE Holdings promises to pay Shake Shack Inc., for value received, the principal amount with interest of the Intercompany Note in March 2028. Shake Shack Inc. will exercise its right to convert the Intercompany Note to maintain at all times a one-to-one ratio between the number of common units, directly or indirectly, held by Shake Shack Inc. and the aggregate number of outstanding shares of common stock.
ClassificationDecember 27
2023		December 28
2022
Amortization expense on Convertible NotesInterest expense$1,047 $1,047 
December 27
2023		December 28
2022
Convertible Notes
$250,000 $250,000 
Discount and debt issuance costs, net of amortization(4,364)(5,411)
Long-term debt
$245,636 $244,589 
Revolving Credit Facility
The Company maintains a revolving credit facility agreement ("Revolving Credit Facility") which permits borrowings up to $50,000 with the ability to increase available borrowings up to an additional $100,000, subject to satisfaction of certain conditions. The Revolving Credit Facility has a maturity date of March 5, 2026.
In fiscal 2023, the Company entered into the fourth amendment to the Revolving Credit Facility ("Fourth Amendment"), which, among other things, modified the benchmark interest rate to either: (i) the base rate plus applicable margin ranging from 0.0% to 1.5% or (ii) the Secured Overnight Financing Rate (“SOFR”) plus applicable margin ranging from 1.0% to 2.5%, in each case depending on the net lease adjusted leverage ratio. As of December 27, 2023 and December 28, 2022, no amounts were outstanding under the Revolving Credit Facility.
The obligations under the Revolving Credit Facility are secured by a first-priority security interest in substantially all of the assets of SSE Holdings and the guarantors. The obligations under the Revolving Credit Facility are guaranteed by each of SSE Holdings' direct and indirect subsidiaries, with certain exceptions. The Revolving Credit Facility requires the Company to comply
with maximum net lease adjusted leverage and minimum fixed charge coverage ratios, as well as other customary affirmative and negative covenants. As of December 27, 2023, the Company was in compliance with all covenants.
The Revolving Credit Facility also permits the issuance of letters of credit upon our request of up to $15,000. As of December 27, 2023 and December 28, 2022, the Company had outstanding letters of credit of $3,147 and $1,863, respectively, in connection with the Revolving Credit Facility.
ClassificationDecember 27
2023		December 28
2022
December 29
2021(1)
Interest expense on Revolving Credit FacilityInterest expense$74 $82 $479 
(1) Interest expense for fiscal 2021 primarily included the write-off of previously capitalized costs on the Revolving Credit Facility.
ClassificationDecember 27
2023		December 28
2022
Unamortized deferred financing costs on Revolving Credit FacilityOther assets$42 $62 
v3.24.0.1
LEASES
 12 Months Ended
Dec. 27, 2023
Leases [Abstract]  
LEASES LEASES
A summary of operating and finance right-of-use assets and lease liabilities were as follows:
ClassificationDecember 27
2023		December 28
2022
Operating leasesOperating lease assets$398,296 $367,488 
Finance leasesProperty and equipment, net11,801 6,152 
Total right-of-use assets$410,097 $373,640 
Operating leases:
Operating lease liabilities, current$49,004 $42,238 
Long-term operating lease liabilities464,533 427,227 
Finance leases:
Other current liabilities3,435 2,546 
Other long-term liabilities8,721 3,909 
Total lease liabilities$525,693 $475,920 
The components of lease expense were as follows:
ClassificationDecember 27
2023		December 28
2022		December 29
2021
Operating lease cost
Occupancy and related expenses
Pre-opening costs
General and administrative expenses
$67,781 $58,788 $50,888 
Finance lease cost:
Amortization of right-of-use assetsDepreciation and amortization expense3,324 3,071 2,719 
Interest on lease liabilitiesInterest expense476 226 207 
Variable lease costOccupancy and related expenses
Pre-opening costs
General and administrative expenses		18,305 15,973 13,855 
Short-term lease costOccupancy and related expenses938 580 290 
Total lease cost$90,824 $78,638 $67,959 

As of December 27, 2023, future minimum lease payments for operating and finance leases consisted of the following:
Operating LeasesFinance Leases
2024(1)
$65,677 $4,068 
202582,915 3,440 
202679,377 2,658 
202774,717 2,213 
202870,343 1,192 
Thereafter293,237 142 
Total minimum payments666,266 13,713 
Less: imputed interest164,865 1,557 
Total lease liabilities$501,401 $12,156 
(1)Operating leases are net of certain tenant allowance receivables that were reclassified to Other current assets as of December 27, 2023.

As of December 27, 2023 the Company had additional operating lease commitments of $154,198 for non-cancelable leases without a possession date, which commence in 2024 or later. These lease commitments are materially consistent with the leases that have been executed thus far.
A summary of lease terms and discount rates for operating and finance leases were as follows:
December 27
2023		December 28
2022
Weighted average remaining lease term (years):
Operating leases8.98.9
Finance leases4.75.1
Weighted average discount rate:
Operating leases6.2 %5.7 %
Finance leases5.6 %4.0 %
Supplemental cash flow information related to leases was as follows:
December 27
2023		December 28
2022		December 29
2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$72,128 $61,114 $49,079 
Operating cash flows from finance leases476 226 207 
Financing cash flows from finance leases3,272 2,974 2,694 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases72,403 56,578 66,959 
Finance leases8,972 2,415 4,119 
LEASES LEASES
A summary of operating and finance right-of-use assets and lease liabilities were as follows:
ClassificationDecember 27
2023		December 28
2022
Operating leasesOperating lease assets$398,296 $367,488 
Finance leasesProperty and equipment, net11,801 6,152 
Total right-of-use assets$410,097 $373,640 
Operating leases:
Operating lease liabilities, current$49,004 $42,238 
Long-term operating lease liabilities464,533 427,227 
Finance leases:
Other current liabilities3,435 2,546 
Other long-term liabilities8,721 3,909 
Total lease liabilities$525,693 $475,920 
The components of lease expense were as follows:
ClassificationDecember 27
2023		December 28
2022		December 29
2021
Operating lease cost
Occupancy and related expenses
Pre-opening costs
General and administrative expenses
$67,781 $58,788 $50,888 
Finance lease cost:
Amortization of right-of-use assetsDepreciation and amortization expense3,324 3,071 2,719 
Interest on lease liabilitiesInterest expense476 226 207 
Variable lease costOccupancy and related expenses
Pre-opening costs
General and administrative expenses		18,305 15,973 13,855 
Short-term lease costOccupancy and related expenses938 580 290 
Total lease cost$90,824 $78,638 $67,959 

As of December 27, 2023, future minimum lease payments for operating and finance leases consisted of the following:
Operating LeasesFinance Leases
2024(1)
$65,677 $4,068 
202582,915 3,440 
202679,377 2,658 
202774,717 2,213 
202870,343 1,192 
Thereafter293,237 142 
Total minimum payments666,266 13,713 
Less: imputed interest164,865 1,557 
Total lease liabilities$501,401 $12,156 
(1)Operating leases are net of certain tenant allowance receivables that were reclassified to Other current assets as of December 27, 2023.

As of December 27, 2023 the Company had additional operating lease commitments of $154,198 for non-cancelable leases without a possession date, which commence in 2024 or later. These lease commitments are materially consistent with the leases that have been executed thus far.
A summary of lease terms and discount rates for operating and finance leases were as follows:
December 27
2023		December 28
2022
Weighted average remaining lease term (years):
Operating leases8.98.9
Finance leases4.75.1
Weighted average discount rate:
Operating leases6.2 %5.7 %
Finance leases5.6 %4.0 %
Supplemental cash flow information related to leases was as follows:
December 27
2023		December 28
2022		December 29
2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$72,128 $61,114 $49,079 
Operating cash flows from finance leases476 226 207 
Financing cash flows from finance leases3,272 2,974 2,694 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases72,403 56,578 66,959 
Finance leases8,972 2,415 4,119 
v3.24.0.1
EMPLOYEE BENEFIT PLANS
 12 Months Ended
Dec. 27, 2023
Compensation Related Costs [Abstract]  
EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFIT PLANS
Defined Contribution Plan
Team members are eligible to participate in a defined contribution savings plan maintained by Shake Shack. The plan is funded by participant and employer contributions. Employer contributions are paid directly to the third-party trustee and are at the Company's discretion. Employer contributions are based on matching a portion of certain participants' contributions. The Company matches 100% of certain participants' contributions for the first 3% of eligible compensation contributed and 50% of contributions made in excess of 3% of eligible compensation up to 5% of eligible compensation. Employer contributions totaled $1,888, $1,553 and $1,337, respectively, for fiscal 2023, fiscal 2022 and fiscal 2021.
v3.24.0.1
STOCKHOLDER'S EQUITY
 12 Months Ended
Dec. 27, 2023
Equity [Abstract]  
STOCKHOLDER'S EQUITY STOCKHOLDERS' EQUITY
Redemptions of LLC Interests
The SSE Holdings LLC Agreement provides that holders of LLC Interests may, from time to time, require SSE Holdings to redeem all or a portion of their LLC Interests for newly-issued shares of Class A common stock on a one-for-one basis. In connection with any redemption or exchange, the Company receives a corresponding number of LLC Interests, increasing its total ownership interest in SSE Holdings. Simultaneously, and in connection with a redemption, the corresponding number of shares of Class B common stock are surrendered and cancelled.
A summary of activity related to redemptions of LLC Interests were as follows:
202320222021
Redemption and acquisition of LLC Interests
Number of LLC Interests redeemed by non-controlling interest holders35,000 52,074 29,601 
Number of LLC Interests received by Shake Shack Inc.35,000 52,074 29,601 
Issuance of Class A common stock
Shares of Class A common stock issued in connection with redemptions of LLC Interests35,000 52,074 29,601 
Cancellation of Class B common stock
Shares of Class B common stock surrendered and cancelled35,000 52,074 29,601 
Stock Compensation Plan Activity
The Company received an aggregate of 154,317, 90,527 and 395,006 LLC Interests in connection with the activity under the stock compensation plan during fiscal 2023, fiscal 2022 and fiscal 2021, respectively. 
Dividend Restrictions
Shake Shack Inc. is a holding company with no direct operations. As a result, its ability to pay cash dividends on its common stock, if any, is dependent upon cash dividends, distributions or other transfers from SSE Holdings. The amounts available to pay cash dividends are subject to certain covenants and restrictions set forth in the Revolving Credit Facility. As of December 27, 2023, essentially all of the net assets of SSE Holdings were restricted.
v3.24.0.1
NON-CONTROLLING INTERESTS
 12 Months Ended
Dec. 27, 2023
Noncontrolling Interest [Abstract]  
NON-CONTROLLING INTERESTS NON-CONTROLLING INTERESTS
Shake Shack is the primary beneficiary and sole managing member of SSE Holdings and, as a result, consolidates the financial results of SSE Holdings. The Company reports a non-controlling interest representing the economic interest in SSE Holdings held by the other members of SSE Holdings. The Third Amended and Restated Limited Liability Company Agreement, as further amended, (the "LLC Agreement") of SSE Holdings provides that holders of LLC Interests may, from time to time, require SSE Holdings to redeem all or a portion of their LLC Interests for newly-issued shares of Class A common stock on a one-for-one basis. In connection with any redemption or exchange, the Company will receive a corresponding number of LLC Interests, increasing the total ownership interest in SSE Holdings. Changes in the ownership interest in SSE Holdings while the Company retains its controlling interest in SSE Holdings will be accounted for as equity transactions. As such, future redemptions or direct exchanges of LLC Interests in SSE Holdings by the other members of SSE Holdings will result in a change in ownership and reduce the amount recorded as non-controlling interest and increase additional paid-in capital.
The following table summarizes the ownership interest in SSE Holdings:
20232022
LLC InterestsOwnership %LLC InterestsOwnership %
Number of LLC Interests held by Shake Shack Inc.39,474,315 93.3 %39,284,998 93.2 %
Number of LLC Interests held by non-controlling interest holders2,834,513 6.7 %2,869,513 6.8 %
Total LLC Interests outstanding42,308,828 100.0 %42,154,511 100.0 %
The weighted average ownership percentages for the applicable reporting periods are used to attribute Net income (loss) and Other comprehensive income (loss) to the non-controlling interest holders.
202320222021
Non-controlling interest holders' weighted average ownership percentages6.7 %6.9 %7.0 %
The following table summarizes the effects of changes in ownership of SSE Holdings on the Company's equity:
(As Restated)(As Restated)
202320222021
Net income (loss) attributable to Shake Shack Inc.$20,264 $(21,229)$(4,561)
Other comprehensive income (loss):
Unrealized holding loss on foreign currency translation adjustment(3)(1)(2)
Transfers (to) from non-controlling interests:
Increase in additional paid-in capital as a result of the redemption of LLC Interests265 313 33 
Increase (decrease) in additional paid-in capital as a result of activity under stock compensation plan(3,271)(2,978)1,829 
Total effect of changes in ownership interest on equity (loss) attributable to Shake Shack Inc.$17,255 $(23,895)$(2,701)
The following table summarizes the LLC Interests activity:
202320222021
LLC Interests activity under the Company's stock compensation plan
Number of LLC Interests received by Shake Shack Inc.154,317 90,527 395,006 
Redemption and acquisition of LLC Interests
Number of LLC Interests redeemed by non-controlling interest holders35,000 52,074 29,601 
Number of LLC Interests received by Shake Shack Inc.35,000 52,074 29,601 
Issuance of Class A common stock
Shares of Class A common stock issued in connection with redemptions of LLC Interests35,000 52,074 29,601 
Cancellation of Class B common stock
Shares of Class B common stock surrendered and canceled35,000 52,074 29,601 
v3.24.0.1
EQUITY-BASED COMPENSATION
 12 Months Ended
Dec. 27, 2023
Share-Based Payment Arrangement [Abstract]  
EQUITY-BASED COMPENSATION EQUITY-BASED COMPENSATION
A summary of equity-based compensation expense by award type was as follows:
202320222021
Stock options$— $— $3 
Performance stock units3,149 4,199 3,471 
Restricted stock units11,739 9,127 5,229 
Equity-based compensation expense$14,888 $13,326 $8,703 
Total income tax benefit recognized related to equity-based compensation$391 $302 $223 
Equity-based compensation expense recognized was as follows:
202320222021
General and administrative expenses$13,587 $12,305 $7,907 
Labor and related expenses1,301 1,021 796 
Equity-based compensation expense$14,888 $13,326 $8,703 
The Company capitalized $286, $192 and $100 of equity-based compensation expense associated with the construction cost of our Shacks and certain digital and technology projects, during fiscal 2023, fiscal 2022 and fiscal 2021, respectively.
Restricted Stock Units
In January 2015, the Company adopted the 2015 Incentive Award Plan (the "2015 Plan") under which it may grant up to 5,865,522 restricted stock units and other equity-based awards to team members, directors and officers. The restricted stock units granted generally vest equally over periods ranging from one to five years. The fair value of restricted stock units is determined based on the closing market price of our Class A common stock on the date of grant. Compensation expense related to the restricted stock units is recognized using a straight-line attribution method over the vesting period.
A summary of restricted stock unit activity was as follows:
Restricted
Stock
Units
Weighted
Average
Grant Date Fair Value
Outstanding as of December 28, 2022395,853 $76.82 
Granted326,692 58.26 
Vested(147,163)70.29 
Forfeited(63,838)68.94 
Outstanding as of December 27, 2023511,544 $67.82 
As of December 27, 2023, there were 511,544 restricted stock units outstanding, of which none were vested. The weighted average grant date fair value of share awards granted during fiscal 2023, fiscal 2022 and fiscal 2021 were $58.26, $71.25, and $117.39, respectively. The total fair value of shares vested during fiscal 2023, fiscal 2022 and fiscal 2021 was $10,382, $5,936 and $8,385, respectively. As of December 27, 2023, total unrecognized compensation expense related to unvested restricted stock units was $25,159, which is expected to be recognized over a weighted average period of 2.6 years.
Performance Stock Units
Under the 2015 Plan, the Company may grant performance stock units and other types of performance-based equity awards that vest based on the outcome of certain performance criteria that are established and approved by the Compensation Committee of the Board of Directors. The actual number of equity awards earned is based on the level of performance achieved over a predetermined performance period, relative to established financial goals, none of which are considered market conditions.
For performance stock units granted during fiscal 2022, the amount of awards that can be earned ranges from 0% to 200% of the number of performance stock units granted, based on the achievement of approved financial goals over a 1-year or 3-year performance period. In addition to the performance conditions, performance stock units are also subject to a requisite service period and the awards vest ratably over 4 years years or cliff vest over 3 years. No performance stock units were granted during fiscal 2023. The fair value of performance stock units is determined based on the closing market price of our Class A common stock on the date of grant. Compensation expense related to the performance stock units is recognized using either a graded-vesting attribution method or straight-line over the vesting period based on the most probable outcome of the performance conditions.
A summary of performance stock unit activity was as follows:
Performance
Stock
Units
Weighted
Average
Grant Date Fair Value
Outstanding as of December 28, 2022159,822 $92.22 
Granted— — 
Performance achievement(1)
— — 
Vested(25,494)91.36 
Forfeited(12,903)88.70 
Outstanding as of December 27, 2023121,425 $92.77 
(1)Represents the incremental awards earned and/or awards forfeited based on the achievement of performance conditions.

As of December 27, 2023, there were 121,425 performance stock units outstanding, of which none were vested. The weighted average grant date fair value of share awards granted during fiscal 2023, fiscal 2022 and fiscal 2021 was nil, nil, and $98.87, respectively. The total fair value of awards that vested during fiscal 2023, fiscal 2022 and fiscal 2021 was $1,441, $1,869 and $3,083, respectively. As of December 27, 2023, total unrecognized compensation expense related to unvested performance stock units was $3,147, which is expected to be recognized over a weighted average period of 1.1 years.
Stock Options
Under the 2015 Plan, the Company may grant stock options to team members, directors and officers. The stock options granted generally vest equally over periods ranging from one to five years. The Company does not use cash to settle any of the equity-based awards, and issues new shares of Class A common stock upon the exercise of stock options.
The fair value of stock option awards was determined on the grant date using the Black-Scholes valuation model based on the following weighted average assumptions:
202320222021
Expected term (years)(1)
007.5
Expected volatility(2)
— %— %45.4 %
Risk-free interest rate(3)
— %— %1.4 %
Dividend yield(4)
— %— %— %
(1)Expected term represents the estimated period of time until an award is exercised and was determined using the simplified method.
(2)Expected volatility is based on the historical volatility of a selected peer group over a period equivalent to the expected term.
(3)The risk-free rate is an interpolation of yields on U.S. Treasury securities with maturities equivalent to the expected term.
(4)A dividend yield of zero was used as the Company have no plans to declare dividends in the foreseeable future.
A summary of stock option activity was as follows:
Stock
Options
Weighted
Average
Exercise
Price
Aggregate Intrinsic ValueWeighted Average Remaining Contractual Life (Years)
Outstanding as of December 28, 2022134,031 $21.88 
Granted— — 
Exercised(33,406)22.39 
Forfeited— — 
Outstanding as of December 27, 2023100,625 $21.71 $5,457 1.2
Options vested and exercisable as of December 27, 2023100,625 $21.71 $5,457 1.2
Options expected to vest as of December 27, 2023— $— $— —
As of December 27, 2023, total unrecognized compensation expense related to unvested stock options was nil. Cash received from stock options exercised was $744 and the cash tax benefit realized for the tax deductions from these option exercises was $203 for fiscal 2023. The weighted average grant date fair value of options granted during fiscal 2023, fiscal 2022 and fiscal 2021 was nil, nil, $58.92, respectively. The total intrinsic value of stock options exercised during fiscal 2023, fiscal 2022 and fiscal 2021 was $1,426, $631 and $30,533, respectively. The total fair value of stock options vested during fiscal 2023, fiscal 2022 and fiscal 2021 was nil, nil and $60, respectively.
The following table summarizes information about stock options outstanding and exercisable as December 27, 2023:
Options Outstanding and Exercisable
Number Outstanding at December 27, 2023Weighted Average Remaining Contractual Life (Years)Weighted Average Exercise Price
Exercise Price
$21.00 95,511 1.1$21.00 
$34.62 4,006 2.4$34.62 
$36.41 1,108 2.9$36.41 
v3.24.0.1
INCOME TAXES
 12 Months Ended
Dec. 27, 2023
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
Shake Shack is the sole managing member of SSE Holdings and, as a result, consolidates the financial results of SSE Holdings. SSE Holdings is treated as a partnership for U.S. federal and most applicable state and local income tax purposes. As a partnership, SSE Holdings is not subject to U.S. federal and certain state and local income taxes. Any taxable income or loss generated by SSE Holdings is passed through to and included in the taxable income or loss of its members, including the Company, on a pro rata basis. The Company is subject to U.S. federal income taxes, in addition to state and local income taxes with respect to its allocable share of any taxable income or loss of SSE Holdings, as well as any stand-alone income or loss generated by Shake Shack Inc. The Company is also subject to withholding taxes in foreign jurisdictions.
Income Tax Expense
The components of Income (loss) before income taxes were as follows:
(As Restated)(As Restated)
202320222021
Domestic$(13,427)$(49,454)$(38,833)
Foreign30,407 25,169 21,498 
Income (loss) before income taxes$16,980 $(24,285)$(17,335)
The components of Income tax benefit were as follows:
(As Restated)(As Restated)
202320222021
Current income taxes:
Federal$— $— $— 
State and local1,271 222 275 
Foreign3,793 3,612 2,880 
Total current income taxes5,064 3,834 3,155 
Deferred income taxes:
Federal(12,427)(4,176)(10,732)
State and local3,353 (838)(3,741)
Total deferred income taxes(9,074)(5,014)(14,473)
Income tax benefit$(4,010)$(1,180)$(11,318)
Reconciliations of Income tax benefit computed at the U.S. federal statutory income tax rate to the recognized Income tax benefit and the U.S. statutory income tax rate to our effective tax rates were as follows:
(As Restated)(As Restated)
202320222021
Expected U.S. federal income taxes at statutory rate$3,565 21.0 %$(5,100)21.0 %$(3,641)21.0 %
State and local income taxes, net of federal benefit2,429 14.3 %(759)3.1 %(1,578)9.1 %
Foreign withholding taxes3,792 22.3 %3,612 (14.9)%2,880 (16.6)%
Tax credits(7,060)(41.5)%(5,969)24.6 %(3,655)21.1 %
Non-controlling interest517 3.0 %122 (0.5)%(350)2.0 %
Remeasurement of deferred tax assets in connection with other tax rate changes1,547 9.1 %225 (0.9)%1,034 (6.0)%
Reserve for uncertain tax positions
154 0.9 %— — %— — %
Change in valuation allowance(9,195)(54.2)%4,955 (20.4)%(6,059)35.0 %
Other241 1.4 %1,734 (7.1)%51 (0.3)%
Income tax benefit
$(4,010)(23.6)%$(1,180)4.9 %$(11,318)65.3 %
Shake Shack's effective income tax rates for fiscal 2023, fiscal 2022 and fiscal 2021 were (23.6)%, 4.9% and 65.3%, respectively. The decrease in the effective income tax rate from fiscal 2022 to fiscal 2023 was primarily driven by additional benefit related to a decrease in valuation allowance and higher tax credits, partially offset by an increase in foreign tax expense and the revaluation of deferred tax assets as a result of a reduction in certain state income tax rates. The decrease in the effective income tax rate from fiscal 2021 to fiscal 2022 was primarily driven by additional expense related to an increase in valuation allowance, an increase in foreign tax expense, and net expense related to equity-based compensation, partially offset by higher tax credits.
Deferred Tax Assets and Liabilities
The components of deferred tax assets and liabilities were as follows:
(As Restated)
December 27
2023		December 28
2022
Deferred tax assets:
Investment in partnership$90,419 $109,870 
Tax Receivable Agreement64,076 64,218 
Operating lease liability4,713 4,376 
Financing lease liability114 61 
Deferred revenue196 167 
Equity-based compensation360 380 
Net operating loss carryforwards144,144 131,867 
Tax credits26,048 19,257 
Other assets947 638 
Total gross deferred tax assets331,017 330,834 
Valuation allowance(357)(9,560)
Total deferred tax assets, net of valuation allowance330,660 321,274 
Deferred tax liabilities:
Property and equipment(599)(95)
Operating lease right-of-use asset (3,735)(3,488)
Financing lease right-of-use asset (111)(58)
Other liabilities(7)(7)
Total gross deferred tax liabilities(4,452)(3,648)
Net deferred tax assets$326,208 $317,626 
As of December 27, 2023, the Company's federal and state net operating loss carryforwards for income tax purposes were $596,347 and $327,152, respectively. If not utilized, $544,480 of the Company's federal net operating losses can be carried forward indefinitely, and the remainder will begin to expire in 2035. If not utilized $49,912 of the Company's state net operating loss carryforwards can be carried forward indefinitely, and the remainder will begin to expire in 2024. As of December 27, 2023, the Company had federal tax credit carryforwards of $25,727 which will begin to expire in 2025 and gross state tax credit carryforwards of $406 which will begin to expire in 2024.
As described in Note 12, Stockholders' Equity, the Company acquired an aggregate of 189,317 LLC Interests during fiscal 2023 through redemption of LLC Interests and activity under stock-based compensation plans. The Company recognized a deferred tax liability in the amount of $720 associated with the basis difference in its investment in SSE Holdings upon acquisition of these LLC Interests. As of December 27, 2023, the total deferred tax asset related to the basis difference in the Company's investment in SSE Holdings was $90,419.
The Company evaluates the realizability of its deferred tax assets on a quarterly basis and establishes valuation allowances when it is more likely than not that all or a portion of a deferred tax asset may not be realized. As of December 27, 2023, the Company concluded, based on the weight of all available positive and negative evidence, that all of its deferred tax assets are more likely than not to be realized, except certain state attributes that are not expected to be utilized before expiration. As such, a valuation allowance in the amount of $357 was recognized. The net change in valuation allowance for fiscal 2023 was a decrease of $9,201 primarily related to the change in realizability of foreign tax credits. Refer to Schedule II, Valuation and Qualifying Accounts for additional information.
Uncertain Tax Positions
As of December 27, 2023, the Company assessed its tax positions by applying the two-step recognition and measurement model pursuant to ASC 740 and considering the applicable unit of account. Pursuant to ASC 740-10-25-6, the Company recognizes the financial statement effects of a tax position only when it is more likely than not that the position will be sustained upon examination. At the conclusion of the Company's examination in New York City for tax years 2015 -2017, a reserve of $207 was recognized based on a settlement with the taxing authority. In addition, the Company recognized an uncertain tax reserve of $195 for tax years 2018-2022. Reconciliations of uncertain tax positions were as follows:
(As Restated)(As Restated)
202320222021
Beginning balance
$— $— $— 
Additions based on tax positions related to the current year
— — — 
Additions for tax positions of prior years
263 — — 
Reductions for tax positions of prior years
— — — 
Reductions for lapse of applicable statute of limitations
— — — 
Settlements
(116)— — 
Ending balance
$147 $— $— 
The Company does not expect a significant increase or decrease in unrecognized tax benefits within the next twelve months. The $147 of unrecognized tax benefits, if recognized, would favorably affect the Company’s effective tax rate. Interest and penalties, if any, related to income tax liabilities are included in income tax expense. During the fiscal year ended December 27, 2023, the Company recognized $139 in interest expense. As of December 27, 2023, the Company accrued $48 of interest expense.
Shake Shack Inc. was formed in September 2014 and did not engage in any operations prior to the IPO and other transactions completed in connection with the IPO. The statute of limitations remains open for tax years beginning in 2015 for Shake Shack Inc. Additionally, although SSE Holdings is treated as a partnership for U.S. federal and state income taxes purposes, it is still required to file an annual U.S. Return of Partnership Income, which is subject to examination by the Internal Revenue Service ("IRS"). The statute of limitations has expired for tax years through 2019 for SSE Holdings.
Tax Receivable Agreement
Pursuant to the Company's election under Section 754 of the Internal Revenue Code (the "Code"), the Company expects to obtain an increase in its share of the tax basis in the net assets of SSE Holdings when LLC Interests are redeemed or exchanged by the other members of SSE Holdings. The Company plans to make an election under Section 754 of the Code for each taxable year in which a redemption or exchange of LLC Interest occurs. The Company intends to treat any redemptions and exchanges of LLC Interests as direct purchases of LLC Interests for U.S. federal income tax purposes. These increases in tax basis may reduce the amounts that would otherwise be paid in the future to various tax authorities. They may also decrease gains (or increase losses) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets.
On February 4, 2015, the Company entered into a tax receivable agreement with certain of the then-existing members of SSE Holdings (the "Tax Receivable Agreement") that provides for the payment by the Company of 85% of the amount of any tax benefits that are actually realized, or in some cases are deemed to realize, as a result of (i) increases in the Company's share of the tax basis in the net assets of SSE Holdings resulting from any redemptions or exchanges of LLC Interests, (ii) tax basis increases attributable to payments made under the Tax Receivable Agreement, and (iii) deductions attributable to imputed interest pursuant to the Tax Receivable Agreement (the "TRA Payments"). The Company expects to benefit from the remaining 15% of any tax benefits that may actually realize. The TRA Payments are not conditioned upon any continued ownership interest in SSE Holdings or the Company. The rights of each member of SSE Holdings that is a party to the Tax Receivable Agreement, are assignable to transferees of their respective LLC Interests.
During fiscal 2023, the Company acquired an aggregate of 35,000 LLC Interests in connection with the redemption of LLC Interests, which resulted in an increase in the tax basis of its investment in SSE Holdings subject to the provisions of the Tax Receivable Agreement. The Company recognized an additional liability in the amount of $720 for the TRA Payments due to the redeeming members, representing 85% of the aggregate tax benefits the Company expects to realize from the tax basis increases related to the redemption of LLC Interests, after concluding it was probable that such TRA Payments would be paid based on estimates of future taxable income. No payments were made to the members of SSE Holdings pursuant to the Tax Receivable Agreement in fiscal 2023 and fiscal 2022. As of December 27, 2023, the total amount of TRA Payments due under the Tax Receivable Agreement was $235,613, of which no amount was included in Other current liabilities on the Consolidated Balance Sheets. Refer to Note 18, Commitments and Contingencies, for additional information relating to the liabilities under the Tax Receivable Agreement.
v3.24.0.1
EARNINGS (LOSS) PER SHARE
 12 Months Ended
Dec. 27, 2023
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share of Class A common stock is computed by dividing Net income (loss) attributable to Shake Shack Inc. by the weighted average number of shares of Class A common stock outstanding during the period. Diluted earnings (loss) per share of Class A common stock is computed by dividing Net income (loss) attributable to Shake Shack Inc. by the weighted average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities.
The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings (loss) per share of Class A common stock (in thousands, except per share amounts):
(As Restated)(As Restated)
202320222021
Numerator:
Net income (loss) attributable to Shake Shack Inc.—basic$20,264 $(21,229)$(4,561)
Reallocation of net income attributable to non-controlling interests from the assumed conversion of Class B shares726 — — 
Net income (loss) attributable to Shake Shack Inc.—diluted$20,990 $(21,229)$(4,561)
Denominator:
Weighted average shares of Class A common stock outstanding—basic39,419 39,237 39,085 
Effect of dilutive securities:
Stock options75 — — 
Performance stock units11 — — 
Restricted stock units85 — — 
Convertible Notes1,467 — — 
Shares of Class B common stock2,842 — — 
Weighted average shares of Class A common stock outstanding—diluted43,899 39,237 39,085 
Earnings (loss) per share of Class A common stock—basic$0.51 $(0.54)$(0.12)
Earnings (loss) per share of Class A common stock—diluted$0.48 $(0.54)$(0.12)
The effect of potential share settlement of the Convertible Notes outstanding for the period is included as potentially dilutive shares of Class A common stock under application of the if-converted method in the computation of diluted earnings (loss) per share, except when the effect would be anti-dilutive. Refer to Note 9, Debt, for additional information.
Shares of Class B common stock do not share in the earnings or losses of Shake Shack and are therefore not participating securities. As such, separate presentation of basic and diluted earnings (loss) per share of Class B common stock under the two-class method has not been presented. However, shares of Class B common stock outstanding for the period are considered
potentially dilutive shares of Class A common stock under application of the if-converted method and are included in the computation of diluted earnings (loss) per share, except when the effect would be anti-dilutive.
The following table presents potentially dilutive securities excluded from the computations of diluted earnings (loss) per share of Class A common stock:
202320222021
Stock options— 134,031 (2)154,231 (2)
Performance stock units99,718 (1)159,822 (2)186,159 (2)
Restricted stock units— 395,853 (2)231,429 (2)
Shares of Class B common stock— 2,869,513 (2)2,921,587 (2)
Convertible notes— 1,466,975 (2)1,466,975 (2)
(1)Number of securities outstanding at the end of the period that were excluded from the computation of diluted earnings (loss) per share of Class A common stock because the performance conditions associated with these awards were not met assuming the end of the reporting period was the end of the performance period.
(2)Number of securities outstanding at the end of the period that were excluded from the computation of diluted earnings (loss) per share of Class A common stock because the effect would have been anti-dilutive.
v3.24.0.1
SUPPLEMENTAL CASH FLOW INFORMATION
 12 Months Ended
Dec. 27, 2023
Cash and Cash Equivalents [Abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION SUPPLEMENTAL CASH FLOW INFORMATION
The following table sets forth supplemental cash flow information:
202320222021
Cash paid for:
Income taxes, net of refunds$4,056 $3,731 $2,808 
Interest, net of amounts capitalized537 252 252 
Non-cash investing activities:
Accrued purchases of property and equipment24,999 26,591 22,241 
Capitalized equity-based compensation181 126 66 
Non-cash financing activities:
Establishment of liabilities under tax receivable agreement720 844 1,093 
v3.24.0.1
COMMITMENTS AND CONTINGENCIES
 12 Months Ended
Dec. 27, 2023
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
Lease Commitments
The Company is obligated under various operating leases for Shacks and the home office space, expiring in various years through 2045. Under certain of these leases, the Company is liable for contingent rent based on a percentage of sales in excess of specified thresholds and typically responsible for its proportionate share of real estate taxes, common area maintenance costs and other occupancy costs. Refer to Note 10, Leases, for additional information.
Certain leases require the Company to obtain letters of credit. As of December 27, 2023, the Company held two letters of credit, one for $130, which expires in February 2026 and the second for $402, which expires in August 2024 and renews automatically for one-year periods through January 31, 2034.
Purchase Commitments
Purchase obligations include legally binding contracts, including commitments for the purchase, construction or remodeling of real estate and facilities, firm minimum commitments for inventory purchases, equipment purchases, marketing-related contracts, software acquisition/license commitments and service contracts. These obligations are generally short-term in nature and are recorded as liabilities when the related goods are received or services rendered. The Company also enters into long-term, exclusive contracts with certain vendors to supply food, beverages and paper goods, obligating the Company to purchase specified quantities.
Legal Contingencies
In May 2022, a claim was filed against Shake Shack alleging certain violations of the Fair Labor Standards Act relating to the classification of exempt managers. The matter was settled with a maximum payment of $900. An accrual of $900 was recorded for this matter during the thirteen weeks ended March 29, 2023. Subsequently, the accrual was reduced by $385 during the thirteen weeks ended December 27, 2023.
The Company is subject to various legal proceedings, claims and liabilities, involving employees and guests alike, which arise in the ordinary course of business and are generally covered by insurance. As of December 27, 2023, the amount of the ultimate liability with respect to these matters was not material.
Liabilities under Tax Receivable Agreement
As described in Note 15, Income Taxes, the Company is a party to the Tax Receivable Agreement under which it is contractually committed to pay certain of the members of SSE Holdings 85% of the amount of any tax benefits that are actually realized, or in some cases are deemed to realize, as a result of certain transactions. The Company is not obligated to make any payments under the Tax Receivable Agreement until the tax benefits associated with the transactions that gave rise to the payments are realized. Amounts payable under the Tax Receivable Agreement are contingent upon, among other things, (i) generation of future taxable income over the term of the Tax Receivable Agreement and (ii) future changes in tax laws. If the Company does not generate sufficient taxable income in the aggregate over the term of the Tax Receivable Agreement to utilize the tax benefits, then it would not be required to make the related TRA Payments. As of December 27, 2023 and December 28, 2022, the Company recognized liabilities totaling $235,613 and $234,893, respectively, relating to the obligations under the Tax Receivable Agreement, after concluding that it was probable that it would have sufficient future taxable income over the term of the Tax Receivable Agreement to utilize the related tax benefits. There were no transactions subject to the Tax Receivable Agreement for which the Company did not recognize the related liability, as the Company concluded that it would have sufficient future taxable income to utilize all of the related tax benefits generated by all transactions that occurred in fiscal 2023.
v3.24.0.1
RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 27, 2023
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Union Square Hospitality Group
The Chairman of the Board of Directors serves as the Executive Chairman of Union Square Hospitality Group, LLC. As a result, Union Square Hospitality Group, LLC and its subsidiary, set forth below, are considered related parties.
Hudson Yards Sports and Entertainment
In fiscal 2011, Shake Shack entered into a Master License Agreement (as amended, "MLA") with Hudson Yards Sports and Entertainment LLC ("HYSE") to operate Shake Shack branded limited menu concession stands in sports and entertainment venues within the United States. In February 2019, the agreement was assigned to Hudson Yards Catering ("HYC"), the parent of HYSE. The agreement expires in January 2027 and includes five consecutive five-year renewal options at HYC's option. As consideration for these rights, HYC pays the Company a license fee based on a percentage of net food sales, as defined in the MLA. HYC also pays a percentage of profits on sales of branded beverages, as defined in the MLA.
Classification202320222021
Amounts received from HYCLicensing revenue$988 $802 $320 
ClassificationDecember 27
2023		December 28
2022
Amounts due from HYCAccounts receivable, net$57 $69 
Madison Square Park Conservancy
The Chairman of the Board of Directors serves as a director of the Madison Square Park Conservancy ("MSP Conservancy"), with which Shake Shack has a license agreement and pays license fees to operate the Madison Square Park Shack. No amounts were due to MSP Conservancy as of December 27, 2023 and December 28, 2022.
Classification202320222021
Amounts paid to MSP Conservancy
Occupancy and related expenses
$898 $1,224 $863 
Olo, Inc.
The Chairman of the Board of Directors serves as a director of Olo, Inc. (formerly known as "Mobo Systems, Inc."), a platform the Company uses in connection with its mobile ordering application.
Classification202320222021
Amounts paid to Olo, Inc.Other operating expenses$595 $431 $406 
ClassificationDecember 27
2023		December 28
2022
Amounts due to Olo, Inc.
Accounts payable
Accrued expenses
$116 $39 
Block, Inc.
The Company's Chief Executive Officer is a member of the board of directors of Block, Inc. (formerly known as "Square, Inc."). The Company currently uses certain point-of-sale applications, payment processing services, hardware and other enterprise platform services in connection with its kiosk technology, sales for certain off-site events and the processing of a limited amount of sales at certain locations.
Classification202320222021
Amounts paid to Block, Inc.Other operating expenses$8,688 $4,337 $2,844 
ClassificationDecember 27
2023		December 28
2022
Amounts due to Block, Inc.
Accounts payable
Accrued expenses
$59 $55 
Tax Receivable Agreement
The Company entered into a Tax Receivable Agreement that provides for the payment by the Company of 85% of the amount of any tax benefits that are actually realized, or in some cases are deemed to realize, as a result of certain transactions. Refer to Note 15, Income Taxes, for additional information. No payments were made to the members of SSE Holdings pursuant to the Tax Receivable Agreement during fiscal 2023, fiscal 2022 and fiscal 2021.
ClassificationDecember 27
2023		December 28
2022
Amounts due under the Tax Receivable AgreementOther current liabilities
Liabilities under Tax Receivable Agreement, net of current portion		$235,613 $234,893 
Distributions to Members of SSE Holdings
Under the terms of the SSE Holdings LLC Agreement, SSE Holdings is obligated to make tax distributions to its members. No tax distributions were payable to non-controlling interest holders as of December 27, 2023 and December 28, 2022.
Classification202320222021
Amounts paid to non-controlling interest holdersNon-controlling interests$162 $410 $968 
v3.24.0.1
GEOGRAPHIC INFORMATION
 12 Months Ended
Dec. 27, 2023
Segment Reporting [Abstract]  
GEOGRAPHIC INFORMATION GEOGRAPHIC INFORMATION
Revenue by geographic area was as follows:
202320222021
United States$1,056,753 $875,047 $718,128 
Other countries30,780 25,439 21,765 
Total revenue$1,087,533 $900,486 $739,893 
Revenues are shown based on the geographic location of the Company's customers and licensees. The Company's long-lived assets are primarily located in the United States.
v3.24.0.1
SCHEDULE I: CONDENSED FINANCIAL INFORMATION OF REGISTRANT
 12 Months Ended
Dec. 27, 2023
Condensed Financial Information Disclosure [Abstract]  
SCHEDULE I: CONDENSED FINANCIAL INFORMATION OF REGISTRANT
SHAKE SHACK INC.
CONDENSED BALANCE SHEETS
(PARENT COMPANY ONLY)
(in thousands, except share and per share amounts)
(As Restated)
December 27
2023		December 28
2022
ASSETS
Current assets:
Cash$6,672 $7,152 
Prepaid expenses63 62 
Total current assets6,735 7,214 
Deferred income taxes, net328,870 324,113 
Investment in SSE Holdings362,296 337,939 
Note receivable from SSE Holdings 216,946 209,013 
Note receivable - conversion option12,900 6,300 
Due from SSE Holdings8,213 2,963 
TOTAL ASSETS$935,960 $887,542 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable146 39 
Accrued expenses621 113 
Due to SSE Holdings22,027 16,975 
Total current liabilities22,794 17,127 
Long-term debt245,636 244,589 
Liabilities under tax receivable agreement, net of current portion235,613 234,893 
Total liabilities504,043 496,609 
Commitments and contingencies
Stockholders' equity:
Preferred stock, no par value—10,000,000 shares authorized; none issued and outstanding as of December 27, 2023 and December 28, 2022.— — 
Class A common stock, $0.001 par value—200,000,000 shares authorized; 39,474,315 and 39,284,998 shares issued and outstanding as of December 27, 2023 and December 28, 2022, respectively.39 39 
Class B common stock, $0.001 par value—35,000,000 shares authorized; 2,834,513 and 2,869,513 shares issued and outstanding as of December 27, 2023 and December 28, 2022, respectively.3 3 
Additional paid-in capital426,601 415,649 
Retained earnings (accumulated deficit)5,277 (24,758)
Accumulated other comprehensive loss
(3)— 
Total stockholders' equity431,917 390,933 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$935,960 $887,542 
See accompanying Notes to Condensed Financial Statements.
SHAKE SHACK INC.
CONDENSED STATEMENTS OF INCOME (LOSS)
(PARENT COMPANY ONLY)
(in thousands)
Fiscal Year Ended
(As Restated)(As Restated)
December 27
2023		December 28
2022		December 29
2021
Intercompany revenue$7,971 $2,293 $2,878 
TOTAL REVENUE7,971 2,293 2,878 
General and administrative expenses6,663 3,132 2,491 
Intercompany expenses54 67 — 
TOTAL EXPENSES6,717 3,199 2,491 
INCOME (LOSS) FROM OPERATIONS1,254 (906)387 
Equity in net income (loss) from SSE Holdings10,091 (25,335)(19,393)
Other income (expense), net14,533 (1,767)(25,593)
Interest expense(1,047)(1,047)(867)
INCOME (LOSS) BEFORE INCOME TAXES24,831 (29,055)(45,466)
Income tax benefit(5,203)(5,783)(21,677)
NET INCOME (LOSS)$30,034 $(23,272)$(23,789)
See accompanying Notes to Condensed Financial Statements.
SHAKE SHACK INC.
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(PARENT COMPANY ONLY)
(in thousands)
Fiscal Year Ended
(As Restated)(As Restated)
December 27
2023		December 28
2022		December 29
2021
Net income (loss)$30,034 $(23,272)$(23,789)
Other comprehensive loss, net of tax(1):
Change in foreign currency translation adjustment(3)(1)(2)
OTHER COMPREHENSIVE LOSS(3)(1)(2)
COMPREHENSIVE INCOME (LOSS)$30,031 $(23,273)$(23,791)
(1)Net of tax benefit of $0 for fiscal years ended December 27, 2023, December 28, 2022 and December 29, 2021.
See accompanying Notes to Condensed Financial Statements.
SHAKE SHACK INC.
CONDENSED STATEMENTS OF CASH FLOWS
(PARENT COMPANY ONLY)
(in thousands)
Fiscal Year Ended
(As Restated)(As Restated)
December 27
2023		December 28
2022		December 29
2021
OPERATING ACTIVITIES
Net income (loss)$30,034 $(23,272)$(23,789)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Equity in net (income) loss from SSE Holdings(10,091)25,335 19,393 
Amortization of debt issuance costs1,047 1,047 867 
Equity-based compensation894 614 526 
Deferred income taxes(5,249)(5,783)(21,677)
(Gain) loss on note receivable - conversion option(6,600)9,700 32,200 
Other non-cash income(7,933)(7,934)(6,609)
Changes in operating assets and liabilities:
Prepaid expenses and other current assets(1)2 (19)
Due to SSE Holdings(3,944)(728)(8,229)
Accounts payable107 30 6 
Accrued expenses512 (104)118 
NET CASH USED IN OPERATING ACTIVITIES(1,224)(1,093)(7,213)
INVESTING ACTIVITIES
Purchases of LLC Interests from SSE Holdings(11,731)(7,619)(41,875)
Loan to SSE Holdings— — (243,750)
NET CASH USED IN INVESTING ACTIVITIES(11,731)(7,619)(285,625)
FINANCING ACTIVITIES
Proceeds from issuance of convertible notes, net of discount— — 243,750 
Debt issuance costs— — (1,075)
Proceeds from issuance of Class A common stock to SSE Holdings upon settlement of equity awards11,731 7,619 41,875 
Proceeds from stock option exercises744 424 6,640 
NET CASH PROVIDED BY FINANCING ACTIVITIES12,475 8,043 291,190 
DECREASE IN CASH(480)(669)(1,648)
CASH AT BEGINNING OF PERIOD7,152 7,821 9,469 
CASH AT END OF PERIOD$6,672 $7,152 $7,821 
See accompanying Notes to Condensed Financial Statements.
NOTE 1: ORGANIZATION
Shake Shack Inc. (the "Parent Company") was formed on September 23, 2014 as a Delaware corporation and is a holding company with no direct operations. The Parent Company's assets consist primarily of its equity interest in SSE Holdings, LLC ("SSE Holdings"), certain deferred tax assets and its note receivable from SSE Holdings.
The Parent Company's cash inflows are primarily from cash dividends or distributions and other transfers from SSE Holdings. The amounts available to the Parent Company to fulfill cash commitments and pay cash dividends on its common stock are subject to certain restrictions in SSE Holdings' Revolving Credit Facility. Refer to Note 9, Debt, in the accompanying Consolidated Financial Statements, for additional information.
NOTE 2: BASIS OF PRESENTATION
These Condensed Parent Company financial statements should be read in conjunction with the Consolidated Financial Statements of Shake Shack Inc. and the accompanying notes thereto, included in Part II, Item 8. For purposes of these condensed financial statements, the Parent Company's interest in SSE Holdings is recorded based upon its proportionate share of SSE Holdings' net assets (similar to presenting them on the equity method).
The Parent Company is the sole managing member of SSE Holdings, and pursuant to the Third Amended and Restated LLC Agreement of SSE Holdings (the “SSE Holdings LLC Agreement”), receives compensation in the form of reimbursements for all costs associated with being a public company and maintaining its existence. Intercompany revenue consists of these reimbursement payments and is recognized when the corresponding expense to which it relates is recognized. Certain intercompany balances presented in these Condensed Parent Company financial statements are eliminated in the Company's Consolidated Financial Statements.
The following table presents amounts in the Parent Company's Condensed Balance Sheets that were eliminated in consolidation:
(As Restated)
December 27
2023		December 28
2022
Assets
Due from SSE Holdings$8,213 $2,963 
Deferred income taxes, net4,289 8,004 
Note receivable from SSE Holdings216,946 209,013 
Note receivable - conversion option12,900 6,300 
Liabilities
Due to SSE Holdings22,027 16,975 
Related party amounts that were not eliminated in the Company's Consolidated Financial Statements include the Parent Company's liabilities under the tax receivable agreement, which totaled $235,613 and $234,893, respectively as of December 27, 2023 and December 28, 2022.
The following table presents amounts in the Parent Company's Condensed Statements of Income (Loss) that were eliminated in consolidation:
(As Restated)(As Restated)
202320222021
Intercompany revenue$7,971 $2,293 $2,878 
Equity in net income (loss) from SSE Holdings10,091 (25,335)(19,393)
Other income (expense), net14,533 (1,767)(25,593)
Income tax expense (benefit)
3,715 (769)(7,234)
NOTE 3: RESTATEMENT OF PREVIOUSLY ISSUED CONDENSED FINANCIAL STATEMENTS
In connection with the preparation of the Company's Consolidated Financial Statements as of and for the fiscal year ended December 27, 2023, the Company discovered that in prior years it had not appropriately accounted for the deferred tax asset associated with its investment in SSE Holdings, primarily due to incorrect accounting for state tax depreciation. The error resulted in an overstatement of income tax expense of approximately $2,862 for the fiscal year ended December 28, 2022 and an understatement of income tax benefit of $4,094 for the fiscal year ended December 29, 2021 and deferred tax assets were understated for the impacted periods. The error also resulted in an understatement of retained earnings and deferred tax assets as of December 26, 2020 of approximately $10,094 related to prior periods. The error did not impact total revenue or loss before income taxes for the fiscal years ended December 28, 2022 and December 29, 2021. Refer to Note 3, Restatement of Previously Issued Consolidated Financial Statements, to the Company's Consolidated Financial Statements included in Part II, Item 8, for additional information.
The impact of the correction of the misstatements is summarized below:
December 28, 2022December 29, 2021
CORRECTED CONDENSED BALANCE SHEETS
As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
Deferred income taxes, net$307,025 $17,088 $324,113 $304,442 $14,205 $318,647 
Additional paid-in capital415,611 38 415,649 405,940 17 405,957 
Retained earnings (accumulated deficit)
(41,808)17,050 (24,758)(15,674)14,188 (1,486)
December 28, 2022December 29, 2021
CORRECTED CONDENSED STATEMENTS OF LOSS
As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
Income tax benefit
$(2,921)$(2,862)$(5,783)$(17,583)$(4,094)$(21,677)
Net loss
(26,134)2,862 (23,272)(27,883)4,094 (23,789)
December 28, 2022December 29, 2021
CORRECTED CONDENSED STATEMENTS OF CASH FLOWS
As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
Net income (loss)
$(26,134)$2,862 $(23,272)$(27,883)$4,094 $(23,789)
Deferred income taxes(4,126)(1,657)(5,783)(17,583)(4,094)(21,677)
Accrued expenses(1)
1,101 (1,205)(104)118 — 118 
Net cash used in Operating activities
(1,093)— (1,093)(7,213)— (7,213)
(1)The prior impact of adjustments have been updated to conform with the current year presentation. These updates are not a part of the restatements above.
All referenced amounts for prior periods in this Schedule I and the notes herein reflect the balances and amounts on a restated basis.
NOTE 4: NOTE RECEIVABLE FROM SSE HOLDINGS
In March 2021, contemporaneously with the issuance of the Convertible Notes described in Note 4, Debt, below, the Parent Company entered into a $250,000 intercompany note with SSE Holdings (the "Intercompany Note"). The Intercompany Note will mature in March 2028 unless the Parent Company exercises its right to convert the Intercompany Note to maintain at all times a one-to-one ratio between the number of common units, directly or indirectly, held by the Parent Company and the aggregate number of outstanding shares of Class A common stock. As of December 27, 2023 and December 28, 2022, the balance of the Note receivable from SSE Holdings was $216,946 and $209,013, respectively, net of accretion.
The Parent Company's right to convert the Intercompany Note into common units of SSE Holdings (the "Conversion Option") is required to be bifurcated from the Intercompany Note and shown separately on the Parent Company's Condensed Balance Sheets. The Conversion Option is to be recorded at fair value and remeasured at each subsequent reporting date. As of December 27, 2023 and December 28, 2022, the fair value of the Conversion Option was $12,900 and $6,300, respectively.
The following table presents amounts in the Parent Company's Condensed Statements of Income (Loss) related to the change in value and accretion on the Conversion Option:
Classification202320222021
Unrealized gain (loss)
Other income (expense), net
$6,600 $(9,700)$(32,200)
Interest income
Other income (expense), net
$7,933 $7,933 $6,605 
NOTE 5: DEBT
In March 2021, the Parent Company issued $250,000 aggregate principal amount of 0% Convertible Senior Notes (“Convertible Notes”) which will mature on March 1, 2028, unless earlier converted, redeemed or repurchased in certain circumstances. Upon conversion, the Parent Company pays or delivers, as the case may be, cash, shares of Class A common stock or a combination of cash and shares of Class A common stock, at the Company's election. Refer to Note 9, Debt, in the Company's Consolidated Financial Statements, included in Part II, Item 8, for additional information relating to the Convertible Notes.
NOTE 6: COMMITMENTS AND CONTINGENCIES
On February 4, 2015, the Parent Company entered into a tax receivable agreement with the non-controlling interest holders that provides for payments to the non-controlling interest holders of 85% of the amount of any tax benefits that the Parent Company actually realizes, or in some cases is deemed to realize, as a result of certain transactions. Refer to Note 15, Income Taxes, to the Company's Consolidated Financial Statements included in Part II, Item 8, for additional information relating to the Parent Company's Tax Receivable Agreement. As described in Note 18, Commitments and Contingencies, to the Company's Consolidated Financial Statements, amounts payable under the Tax Receivable Agreement are contingent upon, among other things, (i) generation of future taxable income of Shake Shack Inc. over the term of the Tax Receivable Agreement and (ii) future
changes in tax laws. As of December 27, 2023 and December 28, 2022, liabilities under the tax receivable agreement totaled $235,613 and $234,893, respectively.
NOTE 7: SUPPLEMENTAL CASH FLOW INFORMATION
The following table sets forth supplemental cash flow information:
(As Restated)
(As Restated)
202320222021
Cash paid for:
Income taxes$9 $— $19 
Non-cash investing activities:
Accrued contribution related to stock option exercises744 424 6,731 
Class A common stock issued in connection with the acquisition of LLC Interests upon redemption by the non-controlling interest holders265 313 33 
Non-cash contribution made in connection with equity awards granted to employees of SSE Holdings10,305 6,988 11,468 
Non-cash financing activities:
Establishment of liabilities under tax receivable agreement720 844 1,093 
v3.24.0.1
SCHEDULE II: VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Dec. 27, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
SCHEDULE II: VALUATION AND QUALIFYING ACCOUNTS
Schedule II: Valuation and Qualifying Accounts
Balance at beginning of periodAdditionsReductionsBalance at end of period
(in thousands)Charged to costs and expensesCharged to other accounts
Deferred tax asset valuation allowance:
Fiscal year ended December 29, 2021 (As Restated)$2,656 $(6,063)$8,580 $— $5,173 
Fiscal year ended December 28, 2022 (As Restated)$5,173 $4,955 $(568)(1)$— $9,560 
Fiscal year ended December 27, 2023$9,560 $(9,203)$— $— $357 
(1)Amount relates to a valuation allowance established on deferred tax assets related to our investment in SSE Holdings.
v3.24.0.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Pay vs Performance Disclosure      
Net income (loss) attributable to Shake Shack Inc. $ 20,264 $ (21,229) $ (4,561)
v3.24.0.1
Insider Trading Arrangements
 3 Months Ended 12 Months Ended
Dec. 27, 2023
shares
Dec. 27, 2023
shares
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
Pursuant to Item 408(a) of Regulation S-K, our directors and officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, terminated, or modified a “Rule 10b5-1 trading arrangement” in the fiscal year ended December 27, 2023 as follows:
Name
Position
Action
Adoption Date
Expiration Date
Aggregate Numbers of Class A Common Stock to be Purchased/Sold
Jeff FlugDirectorAdoption5/18/20238/16/2024
5,960 shares to be sold
Daniel MeyerChairman of the Board of DirectorsAdoption8/8/20234/30/2024
100,000 shares to be sold
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Jeff Flug [Member]    
Trading Arrangements, by Individual    
Name Jeff Flug  
Title Director  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date 5/18/2023  
Arrangement Duration 456 days  
Aggregate Available 5,960 5,960
Daniel Meyer [Member]    
Trading Arrangements, by Individual    
Name Daniel Meyer  
Title Chairman of the Board of Directors  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date 8/8/2023  
Arrangement Duration 266 days  
Aggregate Available 100,000 100,000
v3.24.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 12 Months Ended
Dec. 27, 2023
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and include the accounts of Shake Shack Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Certain reclassifications have been made to prior period amounts to conform to the current year presentation.
The Company has elected to reclassify certain marketing expenses for prior periods to conform with the presentation for the fiscal year ended December 27, 2023. These reclassifications had no effect on previously reported Net Income (Loss). For the fiscal year ended December 28, 2022 and December 29, 2021, the Company reclassified $1,219 and $1,200, respectively from Other operating expenses to General and administrative expenses in the accompanying Consolidated Statements of Income (Loss).
SSE Holdings is considered a variable interest entity. Shake Shack Inc. is the primary beneficiary as the Company has the majority economic interest in SSE Holdings and, as the sole managing member, has decision making authority that significantly affects the economic performance of the entity, while the limited partners have no substantive kick-out or participating rights. As a result, the Company consolidates SSE Holdings. The assets and liabilities of SSE Holdings represent substantially all of the Company's consolidated assets and liabilities with the exception of certain deferred taxes and liabilities under the Tax Receivable Agreement. As of December 27, 2023 and December 28, 2022, the net assets of SSE Holdings were $388,250 and $362,571, respectively. The assets of SSE Holdings are subject to certain restrictions in SSE Holdings' revolving credit agreement. Refer to Note 9, Debt, and Note 15, Income Taxes, for additional information.
Fiscal Year
Fiscal Year
The Company operates on a 52/53 week fiscal year ending on the last Wednesday of December. Fiscal 2023 contained 52 weeks and ended on December 27, 2023 ("fiscal 2023"). Fiscal 2022 contained 52 weeks and ended on December 28, 2022 ("fiscal 2022"). Fiscal 2021 contained 52 weeks and ended on December 29, 2021 ("fiscal 2021"). Unless otherwise stated, references to years in this report relate to fiscal years.
Use of Estimates
Use of Estimates
The preparation of these Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the
date of the financial statements, and the reported amounts of sales and expenses during the reporting period. Actual results could differ from those estimates.
Segment Reporting
Segment Reporting
The chief operating decision maker (the "CODM") is the Chief Executive Officer. The Company determined it has one operating segment and one reportable segment, as the CODM regularly reviews Shack operations and financial performance at a consolidated level to allocate resources.
Fair Value Measurements
Fair Value Measurements
The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. Assets and liabilities are categorized based on the priority of the inputs to the valuation technique into a three-level fair value hierarchy as set forth below.
▪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 or liabilities, quoted prices for identical assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability.
▪Level 3 — Inputs that are both unobservable and significant to the overall fair value measurements reflecting an entity's estimates of assumptions that market participants would use in pricing the asset or liability.
Cash and Cash Equivalents
Cash and Cash Equivalents
Cash and cash equivalents consist primarily of cash on hand, deposits with banks, money market funds and short-term, highly liquid investments that have original maturities of three months or less. Cash equivalents are stated at cost, which approximates fair value.
Marketable Securities
Marketable Securities
Marketable securities classified as available-for-sale securities consist of mutual funds that primarily invest in corporate bonds, certificates of deposits, asset-backed securities, commercial paper, U.S. Treasury obligations, and foreign government securities. Available-for-sale securities are recorded at fair value, with unrealized gains and losses recorded in Other income, net. Dividend and interest income are recognized when earned and are recorded in Other income, net on the Consolidated Statements of Income (Loss). Held-to-maturity securities consist of U.S. Treasuries for which the Company has the ability and intent to hold to maturity and are reported at amortized cost, net of a valuation allowance for credit losses. Interest income and the amortization of discounts and premiums are recorded in Other income, net on the Consolidated Statements of Income (Loss). No expected credit losses were recognized as of December 27, 2023.
Accounts Receivable, Net
Accounts Receivable, Net
Accounts receivable, net consist primarily of receivables from our licensees for licensing revenue and related reimbursements, credit card receivables and vendor rebates. The collectability of accounts receivable is evaluated based on a variety of factors, including historical experience, current economic conditions and other factors.
Inventories
Inventories
Inventories, which consist of food, paper goods, beverages, beer, wine and retail merchandise, are valued at the lower of weighted average cost or net realizable value. No adjustment is deemed necessary to reduce inventory to net realizable value due to the rapid turnover and high utilization of inventory.
Property and Equipment, Net And Valuation of Long-lived Assets
Property and Equipment, Net
Property and equipment, net is stated at historical cost less accumulated depreciation. Property and equipment are depreciated using the straight-line method over the estimated useful lives of the assets, which generally range from five to seven years for equipment, furniture and fixtures, and two to five years for computer equipment and software. Leasehold improvements are depreciated over the shorter of their estimated useful lives or the related lease terms.
Costs incurred when constructing Shacks are capitalized. The cost of repairs and maintenance are expensed when incurred. Costs for refurbishments and improvements that significantly increase the productive capacity or extend the useful life of the assets are capitalized. When assets are disposed, the resulting gain or loss is recognized in Impairment and loss on disposal of assets on the Consolidated Statements of Income (Loss).
Valuation of Long-lived Assets
The Company assesses potential impairments to its long-lived assets, which include property and equipment and operating and finance lease right-of-use assets, whenever events or circumstances indicate that the carrying value of an asset may not be recoverable. The recoverability evaluation is first performed at the market service area level ("MSA"). If the carrying value of the MSA exceeds its estimated undiscounted future cash flows, a secondary recoverability test is performed for all individual Shacks within the identified MSA. An impairment charge is recognized when the carrying amount of the asset exceeds the fair value of the asset, considering external market participant assumptions, and is allocated across all assets of the impaired Shack. Since the determination of future cash flows is an estimate of future performance, there may be future impairments in the event that future cash flows do not meet expectations.
Deferred Financing Costs
Deferred Financing Costs
Deferred financing costs incurred in connection with the issuance of long-term debt and establishing credit facilities are capitalized and amortized in Interest expense based on the related debt agreements. Deferred financing costs are included in Other assets on the Consolidated Balance Sheets.
Other Assets
Other Assets
Other assets consist primarily of capitalized implementation costs from cloud computing arrangements, certain custom pre-ordered furniture, fixtures and equipment for future and existing Shacks, transferable liquor licenses, and security deposits.
Implementation costs associated with cloud computing arrangements hosted by third-party vendors are capitalized when incurred during the application development phase. Amortization is calculated on a straight-line basis over the contractual term of the cloud computing arrangement and is recorded within General and administrative expenses on the Consolidated Statements of Income (Loss). As of December 27, 2023 and December 28, 2022, capitalized implementation costs from cloud computing arrangements totaled $5,572 and $6,212, respectively, net of accumulated amortization.
The costs of obtaining non-transferable liquor licenses that are directly issued by local government agencies for nominal fees are expensed as incurred. The costs of purchasing transferable liquor licenses through open markets in jurisdictions with a limited number of authorized liquor licenses are capitalized as indefinite-lived intangible assets. Annual liquor license renewal fees, for both types of licenses, are expensed over the renewal term. As of December 27, 2023 and December 28, 2022, indefinite-lived intangible assets relating to transferable liquor licenses totaled $1,903 and $1,837, respectively. Indefinite-lived intangible assets are evaluated for impairment at least annually during the fourth quarter, and whenever events or circumstances indicate that an impairment may exist. When evaluating intangible assets for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that an intangible asset group is impaired. If determined that it is more likely than not that the carrying value of the intangible asset group exceeds its fair value, the Company performs a quantitative assessment to derive the fair value of the intangible asset group. If the carrying value of the intangible asset group exceeds the estimated fair value, an impairment charge is recorded to reduce the carrying value to the estimated fair value. In addition, the Company continuously monitors and may revise the useful lives of intangible assets when facts and circumstances change.
Revenue Recognition
Revenue Recognition
Revenue primarily consists of Shack sales and Licensing revenue. Generally, revenue is recognized as promised goods or services transfer to the guest or customer in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.
Shack Sales
Revenue from Shack sales is recognized when payment is tendered at the point of sale, net of discounts, as the performance obligation has been satisfied at that time. Sales tax collected from guests is excluded from Shack sales and the obligation is included as sales tax payable until the taxes are remitted to the appropriate taxing authorities.
Delivery services are fulfilled by third-party delivery partners whether ordered through the Shack app, website ("Company-owned platforms") or through third-party delivery platforms. Revenue from orders through Company-owned platforms includes delivery fees and is recognized when the delivery partner transfers the order to the guest as the Company controls the delivery. For these sales, the Company receives payment directly from the guest at the time of sale. Revenue from orders through third-party delivery partners is recognized when the order is transferred to the third-party delivery partner and excludes delivery fees collected by the delivery platforms as the Company does not control the delivery. The Company receives payment from the delivery partner subsequent to the transfer of the order and the payment terms are short-term in nature. For all delivery sales, the Company is considered the principal and recognizes revenue on a gross basis.
The Company sells gift cards which do not have expiration dates. Revenue from gift cards is recognized when gift cards are redeemed by the customer or, in the event a gift card is not expected to be redeemed, in proportion to actual redemptions of gift cards ("gift card breakage"). The gift card breakage rate is determined from historical gift card redemption patterns. Gift card breakage income for fiscal 2023 and 2022 was $327 and $1,472, respectively. During fiscal 2022, the Company concluded it had accumulated a sufficient level of historical data from a large pool of homogeneous transactions to allow it to reasonably and objectively determine an estimated gift card breakage rate and the pattern of actual gift card redemptions. In accordance with ASC 250, Accounting Changes and Error Corrections, the Company concluded that this accounting change represented a change in accounting estimate. As a result, a cumulative catch-up adjustment was recorded during fiscal 2022 that resulted in $1,281 of gift card breakage income. Gift card breakage income is included in Shack sales in the Consolidated Statements of Income (Loss).
Licensing Revenue
Licensing revenue includes initial territory fees, Shack opening fees and ongoing sales-based royalty fees from licensed Shacks. Generally, the licenses granted to develop, open and operate each Shack in a specified territory are the predominant good or service transferred to the licensee and represent distinct performance obligations. Ancillary promised services, such as training and assistance during the initial opening of a Shack, are typically combined with the license and considered one performance obligation per Shack.
The Company determines the transaction price for each contract, which is comprised of the initial territory fee and an estimate of the total Shack opening fees the Company expects to be entitled to. The calculation of total Shack opening fees requires judgment, as it is based on an estimated number of Shacks the Company expects the licensee to open. The transaction price is then allocated equally to each Shack expected to open. The performance obligation is satisfied over time, starting when a Shack opens through the end of the license term for the related Shack therefore revenue is recognized on a straight-line basis over the license term.
Generally, payment for the initial territory fee is received upon execution of the license agreement and payment for the Shack opening fees is received either in advance of or upon opening the related Shack. These payments are initially deferred and recognized in revenue as the performance obligations are satisfied. Revenue from sales-based royalties is recognized as the related sales occur.
Equity-based Compensation
Equity-based Compensation
Equity-based compensation expense is measured based on the grant-date fair value of the awards. For awards with graded-vesting features and service conditions only, compensation expense is recognized on a straight-line basis over the total requisite
service period for the entire award. For awards with graded-vesting features and a combination of service and performance conditions, compensation expense is recognized using a graded-vesting attribution method over the vesting period based on the most probable outcome of the performance conditions. For awards with cliff vesting features and a combination of service and performance conditions, compensation expense is recognized on a straight-line basis over the total requisite service period for the entire award. Actual distributed shares are calculated upon conclusion of the service and performance periods. Forfeitures are recognized as they occur for all equity awards. Equity-based compensation expense is included in General and administrative expenses and Labor and related expenses on the Consolidated Statements of Income (Loss).
Leases
Leases
Shake Shack currently leases all of its domestic Company-operated Shacks, the home office and certain equipment under various non-cancelable lease agreements that expire on various dates through 2045. The Company evaluates contracts entered into to determine whether the contract involves the use of property or equipment, which is either explicitly or implicitly identified in the contract. The Company evaluates whether it controls the use of the asset, which is determined by assessing whether substantially all economic benefit from the use of the asset is obtained, and whether the Company has the right to direct the use of the asset. If these criteria are met, the Company has identified a lease, within the contract, and therefore a right of use asset and lease liability are recorded on the Consolidated Balance Sheets. Upon possession of a leased asset, the Company determines whether the lease is an operating or finance lease. All of the Company's real estate leases are classified as operating leases and most equipment leases are classified as finance leases.
Generally, real estate leases have initial terms ranging from 10 to 15 years and typically include two five-year renewal options. Renewal options are generally not recognized as part of the right-of-use assets and lease liabilities as it is not reasonably certain at commencement date that the Company would exercise the renewal options. Real estate leases typically contain fixed minimum rent payments and/or contingent rent payments which are based upon sales in excess of specified thresholds. When the achievement of such sales thresholds are deemed to be probable, contingent rent is accrued in proportion to the sales recognized during the period.
For operating leases, fixed lease payments are recognized as operating lease costs on a straight-line basis over the lease term within the Consolidated Statements of Income (Loss) in the following line items. Lease expense incurred before a Shack opens is recorded in Pre-opening costs. Once a domestic Company-operated Shack opens, the straight-line lease expense and contingent rent, if applicable, are recorded in Occupancy and related expenses. Many of these leases also require the Company to pay real estate taxes, common area maintenance costs and other occupancy costs which are included in Occupancy and related expenses. Finance leases are recognized in depreciation expense on a straight-line basis over the remaining lease term, along with recognition of interest expense associated with accretion of the lease liability.
For both operating and finance leases that contain lease and non-lease components, the components are combined and accounted for as a single lease component. Variable lease costs for both operating and finance leases, if any, are recognized as incurred. Leases with a term of 12 months or less are deemed short-term and are not recognized on the Consolidated Balance Sheets. Fixed lease payments for short-term leases are recognized on a straight-line basis over the lease term.
The Company calculates operating lease assets and lease liabilities as the present value of fixed lease payments over the reasonably certain lease term beginning at the commencement date. The Company uses its incremental borrowing rate (“IBR”) in determining the present value of future lease payments as there are no explicit rates provided in the leases. The IBR used to measure the lease liability is derived from the average of the yield curves obtained from using the notching method and the recovery rate method. The most significant assumption in calculating the IBR is the Company's credit rating and is subject to judgment. The credit rating used to develop the IBR is determined by utilizing the credit ratings of other public companies with similar financial information as SSE Holdings.
The Company expends cash for leasehold improvements to build out and equip leased properties. Generally, a portion of the leasehold improvements and building costs are reimbursed by the landlords through landlord incentives pursuant to agreed-upon terms in the lease agreements. Landlord incentives usually take the form of cash, full or partial credits against future minimum or contingent rents otherwise payable by the Company, or a combination thereof. In most cases, landlord incentives are received after the Company takes possession of the property and as milestones are met during the construction of the property. The Company includes these amounts in the measurement of the initial operating lease liability, and lease asset.
Pre-opening Costs
Pre-opening Costs
Pre-opening costs are expensed as incurred and consist primarily of occupancy, manager and team member wages, cookware, travel and lodging costs for the opening training team and other supporting team members, marketing expenses, legal fees, and inventory costs incurred prior to the opening of a Shack.
Income Taxes
Income Taxes
Income taxes are accounted for pursuant to the asset and liability method which requires the recognition of deferred income tax assets and liabilities related to the expected future tax consequences arising from temporary differences between the carrying values and tax bases of assets and liabilities based on enacted statutory tax rates applicable to the periods in which the temporary differences are expected to reverse. Any effects of changes in income tax rates or laws are included in Income tax expense on the Consolidated Statements of Income (Loss) in the period of enactment. A valuation allowance is recognized if we determine it is more likely than not that all or a portion of a deferred tax asset will not be recognized. In making such determination, the Company considers all available evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax planning strategies and recent and expected future results of operations.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements     
Accounting standards updates ("ASU") applicable to the Company that were issued in 2023 are summarized below.
ASUDescription
Effective Date
Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures

(ASU 2023-07)
This ASU requires that an entity report segment information in accordance with Topic 280, Segment Reporting. The amendment in the ASU is intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses.

Early adoption is permitted. The adoption of this standard is not expected to have a material impact to our consolidated financial statements.
Fiscal years beginning after December 15, 2023
Income Taxes (Topic 740): Improvements to Income Tax Disclosures

(ASU 2023-09)
This ASU requires that an entity, on an annual basis, disclose additional income tax information, primarily related to the rate reconciliation and income taxes paid. The amendment in the ASU is intended to enhance the transparency and decision usefulness of income tax disclosures.

Early adoption is permitted. The Company is currently evaluating the impact this standard will have on our consolidated financial statements and related disclosures.
Fiscal years beginning after December 15, 2024
All other ASUs issued but not yet effective are not applicable or not expected to have a material impact on the Company’s future Consolidated Financial Statements.
v3.24.0.1
RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS (Tables)
 12 Months Ended
Dec. 27, 2023
Accounting Changes and Error Corrections [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments
The impact of the correction of the misstatements is summarized below:
As of December 28, 2022As of December 29, 2021
CORRECTED CONSOLIDATED BALANCE SHEETS As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
Deferred income taxes, net$300,538 $17,088 $317,626 $298,668 $14,205 $312,873 
Total assets1,494,862 17,088 1,511,950 1,457,570 14,205 1,471,775 
Additional paid-in capital415,611 38 415,649 405,940 17 405,957 
Retained earnings (accumulated deficit)(20,537)17,050 (3,487)3,554 14,188 17,742 
Total equity
419,748 17,088 436,836 435,600 14,205 449,805 
Total liabilities and stockholders' equity
1,494,862 17,088 1,511,950 1,457,570 14,205 1,471,775 
For the Fiscal Year Ended
December 28, 2022		For the Fiscal Year Ended
December 29, 2021
CORRECTED CONSOLIDATED STATEMENTS OF LOSSAs previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
Income tax expense (benefit) $1,682 $(2,862)$(1,180)$(7,224)$(4,094)$(11,318)
Net loss
(25,967)2,862 (23,105)(10,111)4,094 (6,017)
Net loss attributable to Shake Shack Inc. (24,091)2,862 (21,229)(8,655)4,094 (4,561)
Loss per share of Class A common stock:
Basic$(0.61)$0.07 $(0.54)$(0.22)$0.10 $(0.12)
Diluted$(0.61)$0.07 $(0.54)$(0.22)$0.10 $(0.12)
For the Fiscal Year Ended
December 28, 2022		For the Fiscal Year Ended
December 29, 2021
CORRECTED CONSOLIDATED STATEMENTS OF CASH FLOWS
As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
Net income (loss) (including amounts attributable to non-controlling interests)$(25,967)$2,862 $(23,105)$(10,111)$4,094 $(6,017)
Deferred income taxes(3,357)(1,657)(5,014)(10,379)(4,094)(14,473)
Accrued expenses
4,707 (1,205)3,502 7,175 — 7,175 
Net cash provided by Operating activities
76,742 — 76,742 58,404 — 58,404 
Additional Paid-In Capital
Retained Earnings
(Accumulated Deficit)
CORRECTED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
BALANCE AT DECEMBER 30, 2020$395,067 $— $395,067 $12,209 $10,094 $22,303 
Net loss— — — (8,655)4,094 (4,561)
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis208 17 225 — — — 
BALANCE AT DECEMBER 29, 2021405,940 17 405,957 3,554 14,188 17,742 
Net loss— — — (24,091)2,862 (21,229)
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis(1,182)21 (1,161)— — — 
BALANCE AT DECEMBER 28, 2022$415,611 $38 $415,649 $(20,537)$17,050 $(3,487)
As of March 29, 2023As of March 30, 2022
CORRECTED CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
ASSETS
Current assets:
Cash and cash equivalents
$293,430 $— $293,430 $279,251 $— $279,251 
Marketable securities
— — — 79,676 — 79,676 
Accounts receivable, net14,175 — 14,175 11,755 — 11,755 
Inventories4,394 — 4,394 3,780 — 3,780 
Prepaid expenses and other current assets18,075 — 18,075 12,155 — 12,155 
Total current assets
330,074 — 330,074 386,617 — 386,617 
Property and equipment, net of accumulated depreciation of $310,939 and $236,933, respectively
479,617 — 479,617 398,971 — 398,971 
Operating lease assets379,475 — 379,475 346,128 — 346,128 
Deferred income taxes, net301,538 17,088 318,626 304,166 14,205 318,371 
Other assets16,211 — 16,211 13,846 — 13,846 
TOTAL ASSETS$1,506,915 $17,088 $1,524,003 $1,449,728 $14,205 $1,463,933 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable$16,002 $— $16,002 $13,395 $— $13,395 
Accrued expenses45,677 — 45,677 38,997 — 38,997 
Accrued wages and related liabilities18,678 — 18,678 16,032 — 16,032 
Operating lease liabilities, current44,578 — 44,578 36,951 — 36,951 
Other current liabilities18,117 — 18,117 20,586 — 20,586 
Total current liabilities143,052 — 143,052 125,961 — 125,961 
Long-term debt244,851 — 244,851 243,804 — 243,804 
Long-term operating lease liabilities441,554 — 441,554 399,487 — 399,487 
Liabilities under tax receivable agreement, net of current portion235,361 — 235,361 234,273 — 234,273 
Other long-term liabilities22,192 — 22,192 20,944 — 20,944 
Total liabilities1,087,010 — 1,087,010 1,024,469 — 1,024,469 
Commitments and contingencies
Stockholders' equity:
Preferred stock, no par value—10,000,000 shares authorized; none issued and outstanding as of March 29, 2023 and March 30, 2022.
— — — — — — 
Class A common stock, $0.001 par value—200,000,000 shares authorized; 39,404,905 and 39,218,290 shares issued and outstanding as of March 29, 2023 and March 30, 2022, respectively.
39 — 39 39 — 39 
Class B common stock, $0.001 par value—35,000,000 shares authorized; 2,844,513 and 2,911,587 shares issued and outstanding as of March 29, 2023 and March 30, 2022, respectively.
3 — 3 3 — 3 
Additional paid-in capital417,451 38 417,489 406,981 17 406,998 
Retained earnings (accumulated deficit)
(22,071)17,050 (5,021)(6,608)14,188 7,580 
Accumulated other comprehensive loss(4)— (4)— — — 
Total stockholders' equity attributable to Shake Shack Inc.395,418 17,088 412,506 400,415 14,205 414,620 
Non-controlling interests24,487 — 24,487 24,844 — 24,844 
Total equity419,905 17,088 436,993 425,259 14,205 439,464 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$1,506,915 $17,088 $1,524,003 $1,449,728 $14,205 $1,463,933 
As of June 28, 2023As of June 29, 2022
CORRECTED CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
ASSETS
Current assets:
Cash and cash equivalents
$203,697 $— $203,697 $278,332 $— $278,332 
Marketable securities
91,537 — 91,537 79,625 — 79,625 
Accounts receivable, net14,332 — 14,332 11,936 — 11,936 
Inventories4,674 — 4,674 3,955 — 3,955 
Prepaid expenses and other current assets15,278 — 15,278 13,727 — 13,727 
Total current assets
329,518 — 329,518 387,575 — 387,575 
Property and equipment, net of accumulated depreciation of $331,571 and $254,291, respectively
500,085 — 500,085 411,018 — 411,018 
Operating lease assets385,386 — 385,386 361,522 — 361,522 
Deferred income taxes, net302,025 17,088 319,113 305,230 14,205 319,435 
Other assets15,802 — 15,802 14,735 — 14,735 
TOTAL ASSETS$1,532,816 $17,088 $1,549,904 $1,480,080 $14,205 $1,494,285 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable$17,005 $— $17,005 $16,420 $— $16,420 
Accrued expenses50,588 — 50,588 40,013 — 40,013 
Accrued wages and related liabilities18,221 — 18,221 18,440 — 18,440 
Operating lease liabilities, current46,490 — 46,490 38,775 — 38,775 
Other current liabilities17,881 — 17,881 20,261 — 20,261 
Total current liabilities150,185 — 150,185 133,909 — 133,909 
Long-term debt245,113 — 245,113 244,066 — 244,066 
Long-term operating lease liabilities448,580 — 448,580 418,010 — 418,010 
Liabilities under tax receivable agreement, net of current portion235,361 — 235,361 234,862 — 234,862 
Other long-term liabilities22,218 — 22,218 21,597 — 21,597 
Total liabilities1,101,457 — 1,101,457 1,052,444 — 1,052,444 
Commitments and contingencies
Stockholders' equity:
Preferred stock, no par value—10,000,000 shares authorized; none issued and outstanding as of June 28, 2023 and June 29, 2022.
— — — — — — 
Class A common stock, $0.001 par value—200,000,000 shares authorized; 39,449,246 and 39,266,670 shares issued and outstanding as of June 28, 2023 and June 29, 2022, respectively.
39 — 39 39 — 39 
Class B common stock, $0.001 par value—35,000,000 shares authorized; 2,844,513 and 2,871,513 shares issued and outstanding as of June 28, 2023 and June 29, 2022, respectively.
3 — 3 3 — 3 
Additional paid-in capital421,356 38 421,394 410,520 17 410,537 
Retained earnings (accumulated deficit)
(15,123)17,050 1,927 (7,796)14,188 6,392 
Accumulated other comprehensive loss(4)— (4)(1)— (1)
Total stockholders' equity attributable to Shake Shack Inc.406,271 17,088 423,359 402,765 14,205 416,970 
Non-controlling interests25,088 — 25,088 24,871 — 24,871 
Total equity431,359 17,088 448,447 427,636 14,205 441,841 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$1,532,816 $17,088 $1,549,904 $1,480,080 $14,205 $1,494,285 
As of September 27, 2023As of September 28, 2022
CORRECTED CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)As previously reportedImpact of AdjustmentAs RestatedAs previously reportedImpact of AdjustmentAs Restated
ASSETS
Current assets:
Cash and cash equivalents
$190,020 $— $190,020 $256,998 $— $256,998 
Marketable securities
94,957 — 94,957 80,015 — 80,015 
Accounts receivable, net13,889 — 13,889 11,800 — 11,800 
Inventories4,608 — 4,608 3,996 — 3,996 
Prepaid expenses and other current assets19,762 — 19,762 14,246 — 14,246 
Total current assets
323,236 — 323,236 367,055 — 367,055 
Property and equipment, net of accumulated depreciation of $353,303 and $271,938, respectively
525,557 — 525,557 441,870 — 441,870 
Operating lease assets397,870 — 397,870 370,536 — 370,536 
Deferred income taxes, net302,156 17,088 319,244 306,976 14,205 321,181 
Other assets16,037 — 16,037 15,330 — 15,330 
TOTAL ASSETS$1,564,856 $17,088 $1,581,944 $1,501,767 $14,205 $1,515,972 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable$21,251 $— $21,251 $17,210 $— $17,210 
Accrued expenses47,630 — 47,630 49,387 — 49,387 
Accrued wages and related liabilities18,164 — 18,164 17,758 — 17,758 
Operating lease liabilities, current47,610 — 47,610 40,690 — 40,690 
Other current liabilities17,522 — 17,522 19,497 — 19,497 
Total current liabilities152,177 — 152,177 144,542 — 144,542 
Long-term debt245,375 — 245,375 244,328 — 244,328 
Long-term operating lease liabilities463,370 — 463,370 429,165 — 429,165 
Liabilities under tax receivable agreement, net of current portion235,614 — 235,614 234,892 — 234,892 
Other long-term liabilities26,322 — 26,322 20,588 — 20,588 
Total liabilities1,122,858 — 1,122,858 1,073,515 — 1,073,515 
Commitments and contingencies
Stockholders' equity:
Preferred stock, no par value—10,000,000 shares authorized; none issued and outstanding as of September 27, 2023 and September 28, 2022.
— — — — — — 
Class A common stock, $0.001 par value—200,000,000 shares authorized; 39,466,268 and 39,279,699 shares issued and outstanding as of September 27, 2023 and September 28, 2022, respectively.
39 — 39 39 — 39 
Class B common stock, $0.001 par value—35,000,000 shares authorized; 2,834,513 and 2,869,513 shares issued and outstanding as of September 27, 2023 and September 28, 2022, respectively.
3 — 3 3 — 3 
Additional paid-in capital423,811 38 423,849 413,274 17 413,291 
Retained earnings (accumulated deficit)
(7,496)17,050 9,554 (9,820)14,188 4,368 
Accumulated other comprehensive loss(3)— (3)(1)— (1)
Total stockholders' equity attributable to Shake Shack Inc.416,354 17,088 433,442 403,495 14,205 417,700 
Non-controlling interests25,644 — 25,644 24,757 — 24,757 
Total equity441,998 17,088 459,086 428,252 14,205 442,457 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$1,564,856 $17,088 $1,581,944 $1,501,767 $14,205 $1,515,972 
Thirteen Weeks Ended
CONDENSED CONSOLIDATED STATEMENTS OF LOSS (UNAUDITED)
March 29
2023		March 30
2022
Shack sales$244,254 $196,791 
Licensing revenue9,024 6,600 
TOTAL REVENUE253,278 203,391 
Shack-level operating expenses:
Food and paper costs71,772 59,884 
Labor and related expenses74,264 60,465 
Other operating expenses34,936 30,171 
Occupancy and related expenses18,583 16,276 
General and administrative expenses31,311 31,386 
Depreciation and amortization expense21,322 16,855 
Pre-opening costs3,557 2,712 
Impairment and loss on disposal of assets722 577 
TOTAL EXPENSES256,467 218,326 
LOSS FROM OPERATIONS
(3,189)(14,935)
Other income (expense), net
2,837 (289)
Interest expense(403)(355)
LOSS BEFORE INCOME TAXES
(755)(15,579)
Income tax expense (benefit)
867 (4,297)
NET LOSS
(1,622)(11,282)
Less: Net loss attributable to non-controlling interests
(88)(1,120)
NET LOSS ATTRIBUTABLE TO SHAKE SHACK INC.
$(1,534)$(10,162)
Loss per share of Class A common stock:
Basic$(0.04)$(0.26)
Diluted$(0.04)$(0.26)
Weighted average shares of Class A common stock outstanding:
Basic39,332 39,163 
Diluted39,332 39,163 
Thirteen Weeks Ended
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED)
June 28
2023		June 29
2022
Shack sales$261,810 $223,054 
Licensing revenue9,995 7,698 
TOTAL REVENUE271,805 230,752 
Shack-level operating expenses:
Food and paper costs75,800 65,987 
Labor and related expenses75,158 65,851 
Other operating expenses36,109 32,151 
Occupancy and related expenses19,801 16,657 
General and administrative expenses31,476 29,487 
Depreciation and amortization expense22,252 18,087 
Pre-opening costs5,577 2,823 
Impairment and loss on disposal of assets884 528 
TOTAL EXPENSES267,057 231,571 
INCOME (LOSS) FROM OPERATIONS
4,748 (819)
Other income, net
3,227 538 
Interest expense(405)(315)
INCOME (LOSS) BEFORE INCOME TAXES
7,570 (596)
Income tax expense
347 707 
NET INCOME (LOSS)
7,223 (1,303)
Less: Net income (loss) attributable to non-controlling interests
275 (115)
NET INCOME (LOSS) ATTRIBUTABLE TO SHAKE SHACK INC.
$6,948 $(1,188)
Earnings (loss) per share of Class A common stock:
Basic$0.18 $(0.03)
Diluted$0.16 $(0.03)
Weighted average shares of Class A common stock outstanding:
Basic39,416 39,227 
Diluted43,886 39,227 
Thirteen Weeks Ended
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED)
September 27
2023		September 28
2022
Shack sales$264,980 $219,501 
Licensing revenue11,227 8,313 
TOTAL REVENUE276,207 227,814 
Shack-level operating expenses:
Food and paper costs77,180 67,774 
Labor and related expenses76,233 64,638 
Other operating expenses37,307 33,680 
Occupancy and related expenses20,300 17,337 
General and administrative expenses30,939 26,931 
Depreciation and amortization expense23,130 18,647 
Pre-opening costs4,969 3,041 
Impairment and loss on disposal of assets492 592 
TOTAL EXPENSES270,550 232,640 
INCOME (LOSS) FROM OPERATIONS
5,657 (4,826)
Other income, net
3,441 1,482 
Interest expense(433)(475)
INCOME (LOSS) BEFORE INCOME TAXES
8,665 (3,819)
Income tax expense (benefit)
529 (1,508)
NET INCOME (LOSS)
8,136 (2,311)
Less: Net income (loss) attributable to non-controlling interests
509 (287)
NET INCOME (LOSS) ATTRIBUTABLE TO SHAKE SHACK INC.
$7,627 $(2,024)
Earnings (loss) per share of Class A common stock:
Basic$0.19 $(0.05)
Diluted$0.19 $(0.05)
Weighted average shares of Class A common stock outstanding:
Basic39,460 39,274 
Diluted43,978 39,274 
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)
For the Thirteen Weeks Ended March 30, 2022
Class A
Common Stock		Class B
Common Stock		Additional
Paid-In
Capital		Retained Earnings (Accumulated deficit)Accumulated Other Comprehensive Income (Loss)Non-
Controlling
Interest		Total
Equity
SharesAmountSharesAmount
BALANCE DECEMBER 29, 2021 (As Reported)39,142,397 $39 2,921,587 $3 $405,940 $3,554 $1 $26,063 $435,600 
Effect of restatement— — — — 17 14,188 — — 14,205 
BALANCE DECEMBER 29, 2021 (As Restated)39,142,397 39 2,921,587 3 405,957 17,742 1 26,063 449,805 
Net loss— — — — — (10,162)— (1,120)(11,282)
Other comprehensive income:
Net change in foreign currency translation adjustment— — — — — — (1)— (1)
Equity-based compensation— — — — 3,224 — — — 3,224 
Activity under stock compensation plan65,893 — — — (2,276)— — 252 (2,024)
Redemption of LLC interests10,000 — (10,000)— 49 — — (49)— 
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — 44 — — — 44 
Distributions paid to non-controlling interest holders— — — — — — — (302)(302)
BALANCE MARCH 30, 2022 (As Restated)39,218,290 $39 2,911,587 $3 $406,998 $7,580 $— $24,844 $439,464 
For the thirteen weeks ended June 29, 2022 and September 28, 2022, the effect of the restatement is included in the beginning balances as of March 30, 2022 and June 29, 2022, respectively. As such, only the restated Condensed Consolidated Statements of Stockholders' Equity are shown below.
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)
For the Thirteen Weeks Ended June 29, 2022
Class A
Common Stock		Class B
Common Stock		Additional
Paid-In
Capital		Retained Earnings (Accumulated deficit)Accumulated Other Comprehensive Income (Loss)Non-
Controlling
Interest		Total
Equity
SharesAmountSharesAmount
BALANCE MARCH 30, 2022 (As Restated)39,218,290 $39 2,911,587 $3 $406,998 $7,580 $— $24,844 $439,464 
Net loss— — — — — (1,188)— (115)(1,303)
Other comprehensive income:.
Net change in foreign currency translation adjustment— — — — — — (1)— (1)
Equity-based compensation— — — — 3,501 — — — 3,501 
Activity under stock compensation plan8,306 — — — (332)— — 421 89 
Redemption of LLC interests40,074 — (40,074)— 257 — — (257)— 
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — 113 — — — 113 
Distributions paid to non-controlling interest holders— — — — — — — (22)(22)
BALANCE JUNE 29, 2022 (As Restated)39,266,670 $39 2,871,513 $3 $410,537 $6,392 $(1)$24,871 $441,841 
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)
For the Thirteen Weeks Ended September 28, 2022
Class A
Common Stock		Class B
Common Stock		Additional
Paid-In
Capital		Retained Earnings (Accumulated deficit)Accumulated Other Comprehensive Income (Loss)Non-
Controlling
Interest		Total
Equity
SharesAmountSharesAmount
BALANCE JUNE 29, 2022 (As Restated)39,266,670 $39 2,871,513 $3 $410,537 $6,392 $(1)$24,871 $441,841 
Net loss— — — — — (2,024)— (287)(2,311)
Other comprehensive income:.
Net change in foreign currency translation adjustment— — — — — — — — — 
Equity-based compensation— — — — 3,570 — — — 3,570 
Activity under stock compensation plan11,029 — — — (182)— — 245 63 
Redemption of LLC interests2,000 — (2,000)— 7 — — (7)— 
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — (641)— — — (641)
Distributions paid to non-controlling interest holders— — — — — — — (65)(65)
BALANCE SEPTEMBER 28, 2022 (As Restated)39,279,699 $39 2,869,513 $3 $413,291 $4,368 $(1)$24,757 $442,457 
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)
For the Thirteen Weeks Ended March 29, 2023
Class A
Common Stock		Class B
Common Stock		Additional
Paid-In
Capital		Retained Earnings (Accumulated deficit)Accumulated Other Comprehensive Income (Loss)Non-
Controlling
Interest		Total
Equity
SharesAmountSharesAmount
BALANCE DECEMBER 28, 2022 (As Reported)39,284,998 $39 2,869,513 $3 $415,611 $(20,537)$— $24,632 $419,748 
Effect of restatement
— — — — 38 17,050 — — 17,088 
BALANCE DECEMBER 28, 2022 (As Restated)39,284,998 39 2,869,513 3 415,649 (3,487)— 24,632 436,836 
Net loss— — — — — (1,534)— (88)(1,622)
Other comprehensive loss:
Net change in foreign currency translation adjustment— — — — — — (4)— (4)
Equity-based compensation— — — — 3,864 — — — 3,864 
Activity under stock compensation plan94,907 — — — (2,699)— — 186 (2,513)
Redemption of LLC interests25,000 — (25,000)— 194 — — (194)— 
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — 481 — — — 481 
Distributions paid to non-controlling interest holders— — — — — — — (49)(49)
BALANCE MARCH 29, 2023 (As Restated)39,404,905 $39 2,844,513 $3 $417,489 $(5,021)$(4)$24,487 $436,993 
For the thirteen weeks ended June 28, 2023 and September 27, 2023, the effect of the restatement is included in the beginning balances as of March 29, 2023 and June 28, 2023, respectively. As such, only the restated Condensed Consolidated Statements of Stockholders' Equity are shown below.
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)
For the Thirteen Weeks Ended June 28, 2023
Class A
Common Stock		Class B
Common Stock		Additional
Paid-In
Capital		Retained Earnings (Accumulated deficit)Accumulated Other Comprehensive Income (Loss)Non-
Controlling
Interest		Total
Equity
SharesAmountSharesAmount
BALANCE MARCH 29, 2023
(As Restated)		39,404,905 $39 2,844,513 $3 $417,489 $(5,021)$(4)$24,487 $436,993 
Net income— — — — — 6,948 — 275 7,223 
Other comprehensive income (loss):
Net change in foreign currency translation adjustment— — — — — — — — — 
Equity-based compensation— — — — 4,011 — — — 4,011 
Activity under stock compensation plan44,341 — — — 145 — — 329 474 
Redemption of LLC interests— — — — — — — — — 
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — (251)— — — (251)
Distributions paid to non-controlling interest holders— — — — — — — (3)(3)
BALANCE JUNE 28, 2023 (As Restated)39,449,246 $39 2,844,513 $3 $421,394 $1,927 $(4)$25,088 $448,447 
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)
For the Thirteen Weeks Ended September 27, 2023
Class A
Common Stock		Class B
Common Stock		Additional
Paid-In
Capital		Retained Earnings (Accumulated deficit)Accumulated Other Comprehensive Income (Loss)Non-
Controlling
Interest		Total
Equity
SharesAmountSharesAmount
BALANCE JUNE 28, 2023 (As Restated)39,449,246 $39 2,844,513 $3 $421,394 $1,927 $(4)$25,088 $448,447 
Net income— — — — — 7,627 — 509 8,136 
Other comprehensive income:.
Net change in foreign currency translation adjustment— — — — — — 1 — 1 
Equity-based compensation— — — — 3,563 — — — 3,563 
Activity under stock compensation plan7,022 — — — (469)— — 197 (272)
Redemption of LLC interests10,000 — (10,000)— 71 — — (71)— 
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — (710)— — — (710)
Distributions paid to non-controlling interest holders— — — — — — — (79)(79)
BALANCE SEPTEMBER 27, 2023 (As Restated)39,466,268 $39 2,834,513 $3 $423,849 $9,554 $(3)$25,644 $459,086 
v3.24.0.1
REVENUE (Tables)
 12 Months Ended
Dec. 27, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Revenue disaggregated by type was as follows:
202320222021
Shack sales$1,046,819 $869,270 $714,989 
Licensing revenue:
Sales-based royalties39,853 30,204 24,150 
Initial territory and opening fees861 1,012 754 
Total revenue$1,087,533 $900,486 $739,893 
Schedule of Contract with Customer, Asset and Liability
Contract liabilities and receivables from contracts with customers were as follows:
December 27
2023		December 28
2022
Shack sales receivables$9,884 $8,779 
Licensing receivables, net of allowance for doubtful accounts4,610 3,918 
Gift card liability2,603 2,285 
Deferred revenue, current1,192 969 
Deferred revenue, long-term17,157 14,340 
Revenue recognized that was included in the respective liability balances at the beginning of the period was as follows:
20232022
Gift card liability(1)
$634 $1,781 
Deferred revenue1,103 954 
(1)For fiscal 2022, amount includes the cumulative catch-up adjustment of $1,281 for gift card breakage income. Refer to Note 2, Summary of Significant Accounting Policies, for additional information.
v3.24.0.1
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 27, 2023
Fair Value Disclosures [Abstract]  
Summary of Investment Holdings, Schedule of Investments
The Company's marketable securities were as follows:
December 27
2023		December 28
2022
Equity securities
$— $80,707 
Held-to-maturity securities
68,561 — 
Total marketable securities
$68,561 $80,707 
Debt Securities, Held-to-Maturity
The Company's held-to-maturity securities were as follows:
December 27, 2023
Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
U.S. Treasuries$68,561 $481 $— $69,042 
Schedule of Other Income From Available for Sale Securities
A summary of other income from investments was as follows:
202320222021
Income from investments
$2,885 $1,033 $301 
Realized gain (loss) on sale of equity securities81 — (5)
Unrealized loss on equity securities— (158)(277)
Total$2,966 $875 $19 
v3.24.0.1
ACCOUNTS RECEIVABLE (Tables)
 12 Months Ended
Dec. 27, 2023
Receivables [Abstract]  
Schedule of Accounts Receivable
The components of Accounts receivable, net were as follows:
December 27
2023		December 28
2022
Licensing receivables$4,610 $3,918 
Credit card receivables6,360 5,549 
Delivery receivables3,039 2,753 
Other receivables2,838 1,657 
Accounts receivable, net$16,847 $13,877 
v3.24.0.1
PROPERTY AND EQUIPMENT, NET (Tables)
 12 Months Ended
Dec. 27, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment
The components of Property and equipment, net were as follows:

December 27
2023		December 28
2022
Leasehold improvements$594,024 $494,212 
Equipment98,780 77,737 
Furniture and fixtures31,469 27,519 
Computer equipment and software101,822 70,667 
Financing equipment lease right-of-use assets25,127 16,155 
Construction in progress56,533 71,103 
Property and equipment, gross907,755 757,393 
Less: accumulated depreciation(376,760)(290,362)
Property and equipment, net$530,995 $467,031 
v3.24.0.1
SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)
 12 Months Ended
Dec. 27, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets
The components of Prepaid expenses and other current assets were as follows:
December 27
2023		December 28
2022
Prepaid expenses
$5,641 $3,815 
Tenant allowance receivables
12,136 10,121 
Other
1,190 763 
Prepaid expenses and other current assets
$18,967 $14,699 
Other Current Liabilities
The components of Other current liabilities were as follows:
December 27
2023		December 28
2022
Sales tax payable$6,076 $5,363 
Current portion of financing equipment lease liabilities3,435 2,546 
Gift card liability2,603 2,285 
Legal reserve679 6,285 
Other4,310 3,073 
Other current liabilities$17,103 $19,552 
Other Long-Term Liabilities
The components of Other long-term liabilities were as follows:
December 27
2023		December 28
2022
Deferred licensing revenue$17,157 $14,340 
Long-term portion of financing equipment lease liabilities8,721 3,909 
Other760 2,438 
Other long-term liabilities$26,638 $20,687 
v3.24.0.1
DEBT (Tables)
 12 Months Ended
Dec. 27, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
ClassificationDecember 27
2023		December 28
2022
Amortization expense on Convertible NotesInterest expense$1,047 $1,047 
December 27
2023		December 28
2022
Convertible Notes
$250,000 $250,000 
Discount and debt issuance costs, net of amortization(4,364)(5,411)
Long-term debt
$245,636 $244,589 
ClassificationDecember 27
2023		December 28
2022
December 29
2021(1)
Interest expense on Revolving Credit FacilityInterest expense$74 $82 $479 
(1) Interest expense for fiscal 2021 primarily included the write-off of previously capitalized costs on the Revolving Credit Facility.
ClassificationDecember 27
2023		December 28
2022
Unamortized deferred financing costs on Revolving Credit FacilityOther assets$42 $62 
v3.24.0.1
LEASES (Tables)
 12 Months Ended
Dec. 27, 2023
Leases [Abstract]  
Lease, Cost
A summary of operating and finance right-of-use assets and lease liabilities were as follows:
ClassificationDecember 27
2023		December 28
2022
Operating leasesOperating lease assets$398,296 $367,488 
Finance leasesProperty and equipment, net11,801 6,152 
Total right-of-use assets$410,097 $373,640 
Operating leases:
Operating lease liabilities, current$49,004 $42,238 
Long-term operating lease liabilities464,533 427,227 
Finance leases:
Other current liabilities3,435 2,546 
Other long-term liabilities8,721 3,909 
Total lease liabilities$525,693 $475,920 
The components of lease expense were as follows:
ClassificationDecember 27
2023		December 28
2022		December 29
2021
Operating lease cost
Occupancy and related expenses
Pre-opening costs
General and administrative expenses
$67,781 $58,788 $50,888 
Finance lease cost:
Amortization of right-of-use assetsDepreciation and amortization expense3,324 3,071 2,719 
Interest on lease liabilitiesInterest expense476 226 207 
Variable lease costOccupancy and related expenses
Pre-opening costs
General and administrative expenses		18,305 15,973 13,855 
Short-term lease costOccupancy and related expenses938 580 290 
Total lease cost$90,824 $78,638 $67,959 
A summary of lease terms and discount rates for operating and finance leases were as follows:
December 27
2023		December 28
2022
Weighted average remaining lease term (years):
Operating leases8.98.9
Finance leases4.75.1
Weighted average discount rate:
Operating leases6.2 %5.7 %
Finance leases5.6 %4.0 %
Supplemental cash flow information related to leases was as follows:
December 27
2023		December 28
2022		December 29
2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$72,128 $61,114 $49,079 
Operating cash flows from finance leases476 226 207 
Financing cash flows from finance leases3,272 2,974 2,694 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases72,403 56,578 66,959 
Finance leases8,972 2,415 4,119 
Lessee, Operating Lease, Liability, Maturity
As of December 27, 2023, future minimum lease payments for operating and finance leases consisted of the following:
Operating LeasesFinance Leases
2024(1)
$65,677 $4,068 
202582,915 3,440 
202679,377 2,658 
202774,717 2,213 
202870,343 1,192 
Thereafter293,237 142 
Total minimum payments666,266 13,713 
Less: imputed interest164,865 1,557 
Total lease liabilities$501,401 $12,156 
(1)Operating leases are net of certain tenant allowance receivables that were reclassified to Other current assets as of December 27, 2023.
Finance Lease, Liability, Maturity
As of December 27, 2023, future minimum lease payments for operating and finance leases consisted of the following:
Operating LeasesFinance Leases
2024(1)
$65,677 $4,068 
202582,915 3,440 
202679,377 2,658 
202774,717 2,213 
202870,343 1,192 
Thereafter293,237 142 
Total minimum payments666,266 13,713 
Less: imputed interest164,865 1,557 
Total lease liabilities$501,401 $12,156 
(1)Operating leases are net of certain tenant allowance receivables that were reclassified to Other current assets as of December 27, 2023.
v3.24.0.1
STOCKHOLDER'S EQUITY (Tables)
 12 Months Ended
Dec. 27, 2023
Equity [Abstract]  
Redemption of LLC Interests
A summary of activity related to redemptions of LLC Interests were as follows:
202320222021
Redemption and acquisition of LLC Interests
Number of LLC Interests redeemed by non-controlling interest holders35,000 52,074 29,601 
Number of LLC Interests received by Shake Shack Inc.35,000 52,074 29,601 
Issuance of Class A common stock
Shares of Class A common stock issued in connection with redemptions of LLC Interests35,000 52,074 29,601 
Cancellation of Class B common stock
Shares of Class B common stock surrendered and cancelled35,000 52,074 29,601 
The following table summarizes the LLC Interests activity:
202320222021
LLC Interests activity under the Company's stock compensation plan
Number of LLC Interests received by Shake Shack Inc.154,317 90,527 395,006 
Redemption and acquisition of LLC Interests
Number of LLC Interests redeemed by non-controlling interest holders35,000 52,074 29,601 
Number of LLC Interests received by Shake Shack Inc.35,000 52,074 29,601 
Issuance of Class A common stock
Shares of Class A common stock issued in connection with redemptions of LLC Interests35,000 52,074 29,601 
Cancellation of Class B common stock
Shares of Class B common stock surrendered and canceled35,000 52,074 29,601 
v3.24.0.1
NON-CONTROLLING INTERESTS (Tables)
 12 Months Ended
Dec. 27, 2023
Noncontrolling Interest [Abstract]  
Schedule of Ownership Interests in SSE Holdings
The following table summarizes the ownership interest in SSE Holdings:
20232022
LLC InterestsOwnership %LLC InterestsOwnership %
Number of LLC Interests held by Shake Shack Inc.39,474,315 93.3 %39,284,998 93.2 %
Number of LLC Interests held by non-controlling interest holders2,834,513 6.7 %2,869,513 6.8 %
Total LLC Interests outstanding42,308,828 100.0 %42,154,511 100.0 %
Noncontrolling Interest, Ownership Percentages
202320222021
Non-controlling interest holders' weighted average ownership percentages6.7 %6.9 %7.0 %
Schedule of Non-Controlling Interest
The following table summarizes the effects of changes in ownership of SSE Holdings on the Company's equity:
(As Restated)(As Restated)
202320222021
Net income (loss) attributable to Shake Shack Inc.$20,264 $(21,229)$(4,561)
Other comprehensive income (loss):
Unrealized holding loss on foreign currency translation adjustment(3)(1)(2)
Transfers (to) from non-controlling interests:
Increase in additional paid-in capital as a result of the redemption of LLC Interests265 313 33 
Increase (decrease) in additional paid-in capital as a result of activity under stock compensation plan(3,271)(2,978)1,829 
Total effect of changes in ownership interest on equity (loss) attributable to Shake Shack Inc.$17,255 $(23,895)$(2,701)
Redemption of LLC Interests
A summary of activity related to redemptions of LLC Interests were as follows:
202320222021
Redemption and acquisition of LLC Interests
Number of LLC Interests redeemed by non-controlling interest holders35,000 52,074 29,601 
Number of LLC Interests received by Shake Shack Inc.35,000 52,074 29,601 
Issuance of Class A common stock
Shares of Class A common stock issued in connection with redemptions of LLC Interests35,000 52,074 29,601 
Cancellation of Class B common stock
Shares of Class B common stock surrendered and cancelled35,000 52,074 29,601 
The following table summarizes the LLC Interests activity:
202320222021
LLC Interests activity under the Company's stock compensation plan
Number of LLC Interests received by Shake Shack Inc.154,317 90,527 395,006 
Redemption and acquisition of LLC Interests
Number of LLC Interests redeemed by non-controlling interest holders35,000 52,074 29,601 
Number of LLC Interests received by Shake Shack Inc.35,000 52,074 29,601 
Issuance of Class A common stock
Shares of Class A common stock issued in connection with redemptions of LLC Interests35,000 52,074 29,601 
Cancellation of Class B common stock
Shares of Class B common stock surrendered and canceled35,000 52,074 29,601 
v3.24.0.1
EQUITY-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 27, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Equity-Based Compensation Expense Recognized
A summary of equity-based compensation expense by award type was as follows:
202320222021
Stock options$— $— $3 
Performance stock units3,149 4,199 3,471 
Restricted stock units11,739 9,127 5,229 
Equity-based compensation expense$14,888 $13,326 $8,703 
Total income tax benefit recognized related to equity-based compensation$391 $302 $223 
Equity-based compensation expense recognized was as follows:
202320222021
General and administrative expenses$13,587 $12,305 $7,907 
Labor and related expenses1,301 1,021 796 
Equity-based compensation expense$14,888 $13,326 $8,703 
Summary of Restricted Stock Unit Activity
A summary of restricted stock unit activity was as follows:
Restricted
Stock
Units
Weighted
Average
Grant Date Fair Value
Outstanding as of December 28, 2022395,853 $76.82 
Granted326,692 58.26 
Vested(147,163)70.29 
Forfeited(63,838)68.94 
Outstanding as of December 27, 2023511,544 $67.82 
Share-Based Payment Arrangement, Activity
A summary of performance stock unit activity was as follows:
Performance
Stock
Units
Weighted
Average
Grant Date Fair Value
Outstanding as of December 28, 2022159,822 $92.22 
Granted— — 
Performance achievement(1)
— — 
Vested(25,494)91.36 
Forfeited(12,903)88.70 
Outstanding as of December 27, 2023121,425 $92.77 
(1)Represents the incremental awards earned and/or awards forfeited based on the achievement of performance conditions.
Schedule of Fair Value of Stock Options
The fair value of stock option awards was determined on the grant date using the Black-Scholes valuation model based on the following weighted average assumptions:
202320222021
Expected term (years)(1)
007.5
Expected volatility(2)
— %— %45.4 %
Risk-free interest rate(3)
— %— %1.4 %
Dividend yield(4)
— %— %— %
(1)Expected term represents the estimated period of time until an award is exercised and was determined using the simplified method.
(2)Expected volatility is based on the historical volatility of a selected peer group over a period equivalent to the expected term.
(3)The risk-free rate is an interpolation of yields on U.S. Treasury securities with maturities equivalent to the expected term.
(4)A dividend yield of zero was used as the Company have no plans to declare dividends in the foreseeable future.
Schedule of Stock Options, Activity
A summary of stock option activity was as follows:
Stock
Options
Weighted
Average
Exercise
Price
Aggregate Intrinsic ValueWeighted Average Remaining Contractual Life (Years)
Outstanding as of December 28, 2022134,031 $21.88 
Granted— — 
Exercised(33,406)22.39 
Forfeited— — 
Outstanding as of December 27, 2023100,625 $21.71 $5,457 1.2
Options vested and exercisable as of December 27, 2023100,625 $21.71 $5,457 1.2
Options expected to vest as of December 27, 2023— $— $— —
Schedule of Information About Stock Options
The following table summarizes information about stock options outstanding and exercisable as December 27, 2023:
Options Outstanding and Exercisable
Number Outstanding at December 27, 2023Weighted Average Remaining Contractual Life (Years)Weighted Average Exercise Price
Exercise Price
$21.00 95,511 1.1$21.00 
$34.62 4,006 2.4$34.62 
$36.41 1,108 2.9$36.41 
v3.24.0.1
INCOME TAXES (Tables)
 12 Months Ended
Dec. 27, 2023
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
The components of Income (loss) before income taxes were as follows:
(As Restated)(As Restated)
202320222021
Domestic$(13,427)$(49,454)$(38,833)
Foreign30,407 25,169 21,498 
Income (loss) before income taxes$16,980 $(24,285)$(17,335)
Schedule of Components of Income Tax Expense
The components of Income tax benefit were as follows:
(As Restated)(As Restated)
202320222021
Current income taxes:
Federal$— $— $— 
State and local1,271 222 275 
Foreign3,793 3,612 2,880 
Total current income taxes5,064 3,834 3,155 
Deferred income taxes:
Federal(12,427)(4,176)(10,732)
State and local3,353 (838)(3,741)
Total deferred income taxes(9,074)(5,014)(14,473)
Income tax benefit$(4,010)$(1,180)$(11,318)
Reconciliation of Income Tax Expense, US Income Tax Rate
Reconciliations of Income tax benefit computed at the U.S. federal statutory income tax rate to the recognized Income tax benefit and the U.S. statutory income tax rate to our effective tax rates were as follows:
(As Restated)(As Restated)
202320222021
Expected U.S. federal income taxes at statutory rate$3,565 21.0 %$(5,100)21.0 %$(3,641)21.0 %
State and local income taxes, net of federal benefit2,429 14.3 %(759)3.1 %(1,578)9.1 %
Foreign withholding taxes3,792 22.3 %3,612 (14.9)%2,880 (16.6)%
Tax credits(7,060)(41.5)%(5,969)24.6 %(3,655)21.1 %
Non-controlling interest517 3.0 %122 (0.5)%(350)2.0 %
Remeasurement of deferred tax assets in connection with other tax rate changes1,547 9.1 %225 (0.9)%1,034 (6.0)%
Reserve for uncertain tax positions
154 0.9 %— — %— — %
Change in valuation allowance(9,195)(54.2)%4,955 (20.4)%(6,059)35.0 %
Other241 1.4 %1,734 (7.1)%51 (0.3)%
Income tax benefit
$(4,010)(23.6)%$(1,180)4.9 %$(11,318)65.3 %
Schedule of Deferred Tax Assets and Liabilities
The components of deferred tax assets and liabilities were as follows:
(As Restated)
December 27
2023		December 28
2022
Deferred tax assets:
Investment in partnership$90,419 $109,870 
Tax Receivable Agreement64,076 64,218 
Operating lease liability4,713 4,376 
Financing lease liability114 61 
Deferred revenue196 167 
Equity-based compensation360 380 
Net operating loss carryforwards144,144 131,867 
Tax credits26,048 19,257 
Other assets947 638 
Total gross deferred tax assets331,017 330,834 
Valuation allowance(357)(9,560)
Total deferred tax assets, net of valuation allowance330,660 321,274 
Deferred tax liabilities:
Property and equipment(599)(95)
Operating lease right-of-use asset (3,735)(3,488)
Financing lease right-of-use asset (111)(58)
Other liabilities(7)(7)
Total gross deferred tax liabilities(4,452)(3,648)
Net deferred tax assets$326,208 $317,626 
Schedule of Unrecognized Tax Benefits Roll Forward Reconciliations of uncertain tax positions were as follows:
(As Restated)(As Restated)
202320222021
Beginning balance
$— $— $— 
Additions based on tax positions related to the current year
— — — 
Additions for tax positions of prior years
263 — — 
Reductions for tax positions of prior years
— — — 
Reductions for lapse of applicable statute of limitations
— — — 
Settlements
(116)— — 
Ending balance
$147 $— $— 
v3.24.0.1
EARNINGS (LOSS) PER SHARE (Tables)
 12 Months Ended
Dec. 27, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings (loss) per share of Class A common stock (in thousands, except per share amounts):
(As Restated)(As Restated)
202320222021
Numerator:
Net income (loss) attributable to Shake Shack Inc.—basic$20,264 $(21,229)$(4,561)
Reallocation of net income attributable to non-controlling interests from the assumed conversion of Class B shares726 — — 
Net income (loss) attributable to Shake Shack Inc.—diluted$20,990 $(21,229)$(4,561)
Denominator:
Weighted average shares of Class A common stock outstanding—basic39,419 39,237 39,085 
Effect of dilutive securities:
Stock options75 — — 
Performance stock units11 — — 
Restricted stock units85 — — 
Convertible Notes1,467 — — 
Shares of Class B common stock2,842 — — 
Weighted average shares of Class A common stock outstanding—diluted43,899 39,237 39,085 
Earnings (loss) per share of Class A common stock—basic$0.51 $(0.54)$(0.12)
Earnings (loss) per share of Class A common stock—diluted$0.48 $(0.54)$(0.12)
Schedule of Antidilutive Securities
The following table presents potentially dilutive securities excluded from the computations of diluted earnings (loss) per share of Class A common stock:
202320222021
Stock options— 134,031 (2)154,231 (2)
Performance stock units99,718 (1)159,822 (2)186,159 (2)
Restricted stock units— 395,853 (2)231,429 (2)
Shares of Class B common stock— 2,869,513 (2)2,921,587 (2)
Convertible notes— 1,466,975 (2)1,466,975 (2)
(1)Number of securities outstanding at the end of the period that were excluded from the computation of diluted earnings (loss) per share of Class A common stock because the performance conditions associated with these awards were not met assuming the end of the reporting period was the end of the performance period.
(2)Number of securities outstanding at the end of the period that were excluded from the computation of diluted earnings (loss) per share of Class A common stock because the effect would have been anti-dilutive.
v3.24.0.1
SUPPLEMENTAL CASH FLOW INFORMATION (Tables)
 12 Months Ended
Dec. 27, 2023
Cash and Cash Equivalents [Abstract]  
Schedule of Cash Flow Information
The following table sets forth supplemental cash flow information:
202320222021
Cash paid for:
Income taxes, net of refunds$4,056 $3,731 $2,808 
Interest, net of amounts capitalized537 252 252 
Non-cash investing activities:
Accrued purchases of property and equipment24,999 26,591 22,241 
Capitalized equity-based compensation181 126 66 
Non-cash financing activities:
Establishment of liabilities under tax receivable agreement720 844 1,093 
v3.24.0.1
RELATED PARTY TRANSACTIONS (Tables)
 12 Months Ended
Dec. 27, 2023
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Classification202320222021
Amounts received from HYCLicensing revenue$988 $802 $320 
ClassificationDecember 27
2023		December 28
2022
Amounts due from HYCAccounts receivable, net$57 $69 
Classification202320222021
Amounts paid to MSP Conservancy
Occupancy and related expenses
$898 $1,224 $863 
Classification202320222021
Amounts paid to Olo, Inc.Other operating expenses$595 $431 $406 
ClassificationDecember 27
2023		December 28
2022
Amounts due to Olo, Inc.
Accounts payable
Accrued expenses
$116 $39 
Classification202320222021
Amounts paid to Block, Inc.Other operating expenses$8,688 $4,337 $2,844 
ClassificationDecember 27
2023		December 28
2022
Amounts due to Block, Inc.
Accounts payable
Accrued expenses
$59 $55 
ClassificationDecember 27
2023		December 28
2022
Amounts due under the Tax Receivable AgreementOther current liabilities
Liabilities under Tax Receivable Agreement, net of current portion		$235,613 $234,893 
Classification202320222021
Amounts paid to non-controlling interest holdersNon-controlling interests$162 $410 $968 
v3.24.0.1
GEOGRAPHIC INFORMATION (Tables)
 12 Months Ended
Dec. 27, 2023
Segment Reporting [Abstract]  
Revenue from Customers by Geographic Areas
Revenue by geographic area was as follows:
202320222021
United States$1,056,753 $875,047 $718,128 
Other countries30,780 25,439 21,765 
Total revenue$1,087,533 $900,486 $739,893 
v3.24.0.1
NATURE OF OPERATIONS (Details) - Restaurant
Dec. 27, 2023
Dec. 28, 2022
Class of Stock [Line Items]    
Number of restaurants 518  
Shake Shack Inc.    
Class of Stock [Line Items]    
Ownership percent of noncontrolling interest 93.30% 93.20%
United States | Company-operated    
Class of Stock [Line Items]    
Number of restaurants 295  
United States | Licensed    
Class of Stock [Line Items]    
Number of restaurants 39  
Other countries | Licensed    
Class of Stock [Line Items]    
Number of restaurants 184  
v3.24.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
USD ($)
Jun. 28, 2023
USD ($)
Mar. 29, 2023
USD ($)
Sep. 28, 2022
USD ($)
Jun. 29, 2022
USD ($)
Mar. 30, 2022
USD ($)
Dec. 27, 2023
USD ($)
operating_segment
reportable_segment
renewal_option
Dec. 28, 2022
USD ($)
Dec. 29, 2021
USD ($)
Variable Interest Entity [Line Items]                  
General and administrative expenses $ 30,939 $ 31,476 $ 31,311 $ 26,931 $ 29,487 $ 31,386 $ 129,542 $ 120,009 $ 87,196
Number of operating segments | operating_segment             1    
Number of reportable segments | reportable_segment             1    
Capitalized implementation costs             $ 5,572 6,212  
Indefinite-lived intangible assets             1,903 1,837  
Gift card breakage income             327 1,472  
Cumulative catch-up adjustment               1,281  
Advertising and promotions             $ 12,437 12,376 5,677
Number of renewal options | renewal_option             2    
Period of renewal term             5 years    
Maximum                  
Variable Interest Entity [Line Items]                  
Terms of lease contract (in years)             15 years    
Maximum | Furniture and fixtures                  
Variable Interest Entity [Line Items]                  
Useful life of property and equipment (in years)             7 years    
Maximum | Equipment                  
Variable Interest Entity [Line Items]                  
Useful life of property and equipment (in years)             7 years    
Maximum | Computer equipment and software                  
Variable Interest Entity [Line Items]                  
Useful life of property and equipment (in years)             5 years    
Minimum                  
Variable Interest Entity [Line Items]                  
Terms of lease contract (in years)             10 years    
Minimum | Furniture and fixtures                  
Variable Interest Entity [Line Items]                  
Useful life of property and equipment (in years)             5 years    
Minimum | Equipment                  
Variable Interest Entity [Line Items]                  
Useful life of property and equipment (in years)             5 years    
Minimum | Computer equipment and software                  
Variable Interest Entity [Line Items]                  
Useful life of property and equipment (in years)             2 years    
Variable Interest Entity, Primary Beneficiary                  
Variable Interest Entity [Line Items]                  
Net assets of SSE Holdings             $ 388,250 362,571  
Revision of Prior Period, Reclassification, Adjustment                  
Variable Interest Entity [Line Items]                  
General and administrative expenses               $ 1,219 $ 1,200
v3.24.0.1
RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Dec. 26, 2020
Error Corrections and Prior Period Adjustments Restatement [Line Items]                    
Income tax expense (benefit) $ 529 $ 347 $ 867 $ (1,508) $ 707 $ (4,297) $ (4,010) $ (1,180) $ (11,318)  
Impact of Adjustment                    
Error Corrections and Prior Period Adjustments Restatement [Line Items]                    
Income tax expense               2,862    
Income tax expense (benefit)               $ (2,862) $ (4,094)  
Retained earnings and deferred tax assets                   $ 10,094
v3.24.0.1
RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS - Balance Sheet (Details) - USD ($)
$ / shares in Units, $ in Thousands
Dec. 27, 2023
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Dec. 28, 2022
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 29, 2021
Dec. 30, 2020
Current assets:                    
Cash and cash equivalents $ 224,653 $ 190,020 $ 203,697 $ 293,430 $ 230,521 $ 256,998 $ 278,332 $ 279,251    
Marketable securities 68,561 94,957 91,537 0 80,707 80,015 79,625 79,676    
Accounts receivable, net 16,847 13,889 14,332 14,175 13,877 11,800 11,936 11,755    
Inventories 5,404 4,608 4,674 4,394 4,184 3,996 3,955 3,780    
Prepaid expenses and other current assets 18,967 19,762 15,278 18,075 14,699 14,246 13,727 12,155    
Total current assets 334,432 323,236 329,518 330,074 343,988 367,055 387,575 386,617    
Property and equipment, net of accumulated depreciation 530,995 525,557 500,085 479,617 467,031 441,870 411,018 398,971    
Operating lease assets 398,296 397,870 385,386 379,475 367,488 370,536 361,522 346,128    
Deferred income taxes, net 326,208 319,244 319,113 318,626 317,626 321,181 319,435 318,371 $ 312,873  
Other assets 15,926 16,037 15,802 16,211 15,817 15,330 14,735 13,846    
TOTAL ASSETS 1,605,857 1,581,944 1,549,904 1,524,003 1,511,950 1,515,972 1,494,285 1,463,933 1,471,775  
Current liabilities:                    
Accounts payable 22,273 21,251 17,005 16,002 20,407 17,210 16,420 13,395    
Accrued expenses 54,742 47,630 50,588 45,677 47,945 49,387 40,013 38,997    
Accrued wages and related liabilities 20,945 18,164 18,221 18,678 17,576 17,758 18,440 16,032    
Operating lease liabilities, current 49,004 47,610 46,490 44,578 42,238 40,690 38,775 36,951    
Other current liabilities 17,103 17,522 17,881 18,117 19,552 19,497 20,261 20,586    
Total current liabilities 164,067 152,177 150,185 143,052 147,718 144,542 133,909 125,961    
Long-term debt 245,636 245,375 245,113 244,851 244,589 244,328 244,066 243,804    
Long-term operating lease liabilities 464,533 463,370 448,580 441,554 427,227 429,165 418,010 399,487    
Liabilities under tax receivable agreement, net of current portion 235,613 235,614 235,361 235,361 234,893 234,892 234,862 234,273    
Other long-term liabilities 26,638 26,322 22,218 22,192 20,687 20,588 21,597 20,944    
Total liabilities 1,136,487 1,122,858 1,101,457 1,087,010 1,075,114 1,073,515 1,052,444 1,024,469    
Commitments and contingencies (Note 13)    
Stockholders' equity:                    
Preferred stock 0 0 0 0 0 0 0 0    
Additional paid-in capital 426,601 423,849 421,394 417,489 415,649 413,291 410,537 406,998 405,957  
Retained earnings (accumulated deficit) 16,777 9,554 1,927 (5,021) (3,487) 4,368 6,392 7,580 17,742  
Accumulated other comprehensive loss (3) (3) (4) (4) 0 (1) (1) 0    
Total stockholders' equity attributable to Shake Shack Inc. 443,417 433,442 423,359 412,506 412,204 417,700 416,970 414,620    
Non-controlling interests 25,953 25,644 25,088 24,487 24,632 24,757 24,871 24,844    
Total stockholders' equity 469,370 459,086 448,447 436,993 436,836 442,457 441,841 439,464 449,805 $ 444,587
Total liabilities and stockholders' equity 1,605,857 1,581,944 1,549,904 1,524,003 1,511,950 1,515,972 1,494,285 1,463,933 1,471,775  
Property and equipment, net of accumulated depreciation $ 376,760 $ 353,303 $ 331,571 $ 310,939 $ 290,362 $ 271,938 $ 254,291 $ 236,933    
Preferred stock, par value (in dollars per share) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0    
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000    
Preferred stock, shares issued (in shares) 0 0 0 0 0 0 0 0    
Preferred stock, shares outstanding (in shares) 0 0 0 0 0 0 0 0    
Class A Common Stock                    
Stockholders' equity:                    
Common stock $ 39 $ 39 $ 39 $ 39 $ 39 $ 39 $ 39 $ 39    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001    
Common stock, shares authorized (in shares) 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000    
Common stock, shares, issued (in shares) 39,474,315 39,466,268 39,449,246 39,404,905 39,284,998 39,279,699 39,266,670 39,218,290    
Common stock, shares, outstanding (in shares) 39,474,315 39,466,268 39,449,246 39,404,905 39,284,998 39,279,699 39,266,670 39,218,290    
Class B Common Stock                    
Stockholders' equity:                    
Common stock $ 3 $ 3 $ 3 $ 3 $ 3 $ 3 $ 3 $ 3    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001    
Common stock, shares authorized (in shares) 35,000,000 35,000,000 35,000,000 35,000,000 35,000,000 35,000,000 35,000,000 35,000,000    
Common stock, shares, issued (in shares) 2,834,513 2,834,513 2,844,513 2,844,513 2,869,513 2,869,513 2,871,513 2,911,587    
Common stock, shares, outstanding (in shares) 2,834,513 2,834,513 2,844,513 2,844,513 2,869,513 2,869,513 2,871,513 2,911,587    
As previously reported                    
Current assets:                    
Cash and cash equivalents   $ 190,020 $ 203,697 $ 293,430   $ 256,998 $ 278,332 $ 279,251    
Marketable securities   94,957 91,537 0   80,015 79,625 79,676    
Accounts receivable, net   13,889 14,332 14,175   11,800 11,936 11,755    
Inventories   4,608 4,674 4,394   3,996 3,955 3,780    
Prepaid expenses and other current assets   19,762 15,278 18,075   14,246 13,727 12,155    
Total current assets   323,236 329,518 330,074   367,055 387,575 386,617    
Property and equipment, net of accumulated depreciation   525,557 500,085 479,617   441,870 411,018 398,971    
Operating lease assets   397,870 385,386 379,475   370,536 361,522 346,128    
Deferred income taxes, net   302,156 302,025 301,538 $ 300,538 306,976 305,230 304,166 298,668  
Other assets   16,037 15,802 16,211   15,330 14,735 13,846    
TOTAL ASSETS   1,564,856 1,532,816 1,506,915 1,494,862 1,501,767 1,480,080 1,449,728 1,457,570  
Current liabilities:                    
Accounts payable   21,251 17,005 16,002   17,210 16,420 13,395    
Accrued expenses   47,630 50,588 45,677   49,387 40,013 38,997    
Accrued wages and related liabilities   18,164 18,221 18,678   17,758 18,440 16,032    
Operating lease liabilities, current   47,610 46,490 44,578   40,690 38,775 36,951    
Other current liabilities   17,522 17,881 18,117   19,497 20,261 20,586    
Total current liabilities   152,177 150,185 143,052   144,542 133,909 125,961    
Long-term debt   245,375 245,113 244,851   244,328 244,066 243,804    
Long-term operating lease liabilities   463,370 448,580 441,554   429,165 418,010 399,487    
Liabilities under tax receivable agreement, net of current portion   235,614 235,361 235,361   234,892 234,862 234,273    
Other long-term liabilities   26,322 22,218 22,192   20,588 21,597 20,944    
Total liabilities   1,122,858 1,101,457 1,087,010   1,073,515 1,052,444 1,024,469    
Commitments and contingencies (Note 13)        
Stockholders' equity:                    
Preferred stock   0 0 0   0 0 0    
Additional paid-in capital   423,811 421,356 417,451 415,611 413,274 410,520 406,981 405,940  
Retained earnings (accumulated deficit)   (7,496) (15,123) (22,071) (20,537) (9,820) (7,796) (6,608) 3,554  
Accumulated other comprehensive loss   (3) (4) (4)   (1) (1) 0    
Total stockholders' equity attributable to Shake Shack Inc.   416,354 406,271 395,418   403,495 402,765 400,415    
Non-controlling interests   25,644 25,088 24,487   24,757 24,871 24,844    
Total stockholders' equity   441,998 431,359 419,905 419,748 428,252 427,636 425,259 435,600 434,493
Total liabilities and stockholders' equity   1,564,856 1,532,816 1,506,915 1,494,862 1,501,767 1,480,080 1,449,728 1,457,570  
As previously reported | Class A Common Stock                    
Stockholders' equity:                    
Common stock   39 39 39   39 39 39    
As previously reported | Class B Common Stock                    
Stockholders' equity:                    
Common stock   3 3 3   3 3 3    
Impact of Adjustment                    
Current assets:                    
Cash and cash equivalents   0 0 0   0 0 0    
Marketable securities   0 0 0   0 0 0    
Accounts receivable, net   0 0 0   0 0 0    
Inventories   0 0 0   0 0 0    
Prepaid expenses and other current assets   0 0 0   0 0 0    
Total current assets   0 0 0   0 0 0    
Property and equipment, net of accumulated depreciation   0 0 0   0 0 0    
Operating lease assets   0 0 0   0 0 0    
Deferred income taxes, net   17,088 17,088 17,088 17,088 14,205 14,205 14,205 14,205  
Other assets   0 0 0   0 0 0    
TOTAL ASSETS   17,088 17,088 17,088 17,088 14,205 14,205 14,205 14,205  
Current liabilities:                    
Accounts payable   0 0 0   0 0 0    
Accrued expenses   0 0 0   0 0 0    
Accrued wages and related liabilities   0 0 0   0 0 0    
Operating lease liabilities, current   0 0 0   0 0 0    
Other current liabilities   0 0 0   0 0 0    
Total current liabilities   0 0 0   0 0 0    
Long-term debt   0 0 0   0 0 0    
Long-term operating lease liabilities   0 0 0   0 0 0    
Liabilities under tax receivable agreement, net of current portion   0 0 0   0 0 0    
Other long-term liabilities   0 0 0   0 0 0    
Total liabilities   0 0 0   0 0 0    
Commitments and contingencies (Note 13)        
Stockholders' equity:                    
Preferred stock   0 0 0   0 0 0    
Additional paid-in capital   38 38 38 38 17 17 17 17  
Retained earnings (accumulated deficit)   17,050 17,050 17,050 17,050 14,188 14,188 14,188 14,188  
Accumulated other comprehensive loss   0 0 0   0 0 0    
Total stockholders' equity attributable to Shake Shack Inc.   17,088 17,088 17,088   14,205 14,205 14,205    
Non-controlling interests   0 0 0   0 0 0    
Total stockholders' equity   17,088 17,088 17,088 17,088 14,205 14,205 14,205 14,205 $ 10,094
Total liabilities and stockholders' equity   17,088 17,088 17,088 $ 17,088 14,205 14,205 14,205 $ 14,205  
Impact of Adjustment | Class A Common Stock                    
Stockholders' equity:                    
Common stock   0 0 0   0 0 0    
Impact of Adjustment | Class B Common Stock                    
Stockholders' equity:                    
Common stock   $ 0 $ 0 $ 0   $ 0 $ 0 $ 0    
v3.24.0.1
RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS - Statements Of Loss (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]                  
TOTAL REVENUE $ 276,207 $ 271,805 $ 253,278 $ 227,814 $ 230,752 $ 203,391 $ 1,087,533 $ 900,486 $ 739,893
Shack-level operating expenses:                  
Food and paper costs 77,180 75,800 71,772 67,774 65,987 59,884 305,041 261,584 218,262
Labor and related expenses 76,233 75,158 74,264 64,638 65,851 60,465 304,254 257,358 215,114
Other operating expenses 37,307 36,109 34,936 33,680 32,151 30,171 149,449 129,650 102,032
Occupancy and related expenses 20,300 19,801 18,583 17,337 16,657 16,276 79,846 68,508 59,228
General and administrative expenses 30,939 31,476 31,311 26,931 29,487 31,386 129,542 120,009 87,196
Depreciation and amortization expense 23,130 22,252 21,322 18,647 18,087 16,855 91,242 72,796 58,991
Pre-opening costs 4,969 5,577 3,557 3,041 2,823 2,712 19,231 15,050 13,291
Impairment and loss on disposal of assets 492 884 722 592 528 577 3,007 2,425 1,632
TOTAL EXPENSES 270,550 267,057 256,467 232,640 231,571 218,326 1,081,612 927,380 755,746
Operating Income (Loss) 5,657 4,748 (3,189) (4,826) (819) (14,935) 5,921 (26,894) (15,853)
Other income, net 3,441 3,227 2,837 1,482 538 (289) 12,776 4,127 95
Interest expense (433) (405) (403) (475) (315) (355) (1,717) (1,518) (1,577)
INCOME (LOSS) BEFORE INCOME TAXES 8,665 7,570 (755) (3,819) (596) (15,579) 16,980 (24,285) (17,335)
Income tax expense (benefit) 529 347 867 (1,508) 707 (4,297) (4,010) (1,180) (11,318)
Net income (loss) (including amounts attributable to non-controlling interests) 8,136 7,223 (1,622) (2,311) (1,303) (11,282) 20,990 (23,105) (6,017)
Less: Net income (loss) attributable to non-controlling interests 509 275 (88) (287) (115) (1,120) 726 (1,876) (1,456)
Net income (loss) attributable to Shake Shack Inc.—basic $ 7,627 $ 6,948 $ (1,534) $ (2,024) $ (1,188) $ (10,162) $ 20,264 $ (21,229) $ (4,561)
Loss per share of Class A common stock:                  
Basic (in dollars per share) $ 0.19 $ 0.18 $ (0.04) $ (0.05) $ (0.03) $ (0.26) $ 0.51 $ (0.54) $ (0.12)
Diluted (in dollars per share) $ 0.19 $ 0.16 $ (0.04) $ (0.05) $ (0.03) $ (0.26) $ 0.48 $ (0.54) $ (0.12)
Weighted average shares of Class A common stock outstanding:                  
Basic (in shares) 39,460 39,416 39,332 39,274 39,227 39,163 39,419 39,237 39,085
Diluted (in shares) 43,978 43,886 39,332 39,274 39,227 39,163 43,899 39,237 39,085
Shack sales                  
Error Corrections and Prior Period Adjustments Restatement [Line Items]                  
TOTAL REVENUE $ 264,980 $ 261,810 $ 244,254 $ 219,501 $ 223,054 $ 196,791 $ 1,046,819 $ 869,270 $ 714,989
Licensing revenue                  
Error Corrections and Prior Period Adjustments Restatement [Line Items]                  
TOTAL REVENUE $ 11,227 $ 9,995 $ 9,024 $ 8,313 $ 7,698 $ 6,600 $ 40,714 31,216 24,904
As previously reported                  
Shack-level operating expenses:                  
Income tax expense (benefit)               1,682 (7,224)
Net income (loss) (including amounts attributable to non-controlling interests)               (25,967) (10,111)
Net income (loss) attributable to Shake Shack Inc.—basic               $ (24,091) $ (8,655)
Loss per share of Class A common stock:                  
Basic (in dollars per share)               $ (0.61) $ (0.22)
Diluted (in dollars per share)               $ (0.61) $ (0.22)
Impact of Adjustment                  
Shack-level operating expenses:                  
Income tax expense (benefit)               $ (2,862) $ (4,094)
Net income (loss) (including amounts attributable to non-controlling interests)               2,862 4,094
Net income (loss) attributable to Shake Shack Inc.—basic               $ 2,862 $ 4,094
Loss per share of Class A common stock:                  
Basic (in dollars per share)               $ 0.07 $ 0.10
Diluted (in dollars per share)               $ 0.07 $ 0.10
v3.24.0.1
RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS - Statements Of Cash Flows (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]                  
Net income (loss) (including amounts attributable to non-controlling interests) $ 8,136 $ 7,223 $ (1,622) $ (2,311) $ (1,303) $ (11,282) $ 20,990 $ (23,105) $ (6,017)
Deferred income taxes             (9,074) (5,014) (14,473)
Accrued expenses             9,513 3,502 7,175
Net cash provided by Operating activities             $ 132,139 76,742 58,404
As previously reported                  
Error Corrections and Prior Period Adjustments Restatement [Line Items]                  
Net income (loss) (including amounts attributable to non-controlling interests)               (25,967) (10,111)
Deferred income taxes               (3,357) (10,379)
Accrued expenses               4,707 7,175
Net cash provided by Operating activities               76,742 58,404
Impact of Adjustment                  
Error Corrections and Prior Period Adjustments Restatement [Line Items]                  
Net income (loss) (including amounts attributable to non-controlling interests)               2,862 4,094
Deferred income taxes               (1,657) (4,094)
Accrued expenses               (1,205) 0
Net cash provided by Operating activities               $ 0 $ 0
v3.24.0.1
RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS - Statements Of Stockholders' Equity (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Beginning balance $ 448,447 $ 436,993 $ 436,836 $ 441,841 $ 439,464 $ 449,805 $ 436,836 $ 449,805 $ 444,587
Net income (loss) 8,136 7,223 (1,622) (2,311) (1,303) (11,282) 20,990 (23,105) (6,017)
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis (710) (251) 481 (641) 113 44 (1,216) (1,161) 225
Ending balance 459,086 448,447 436,993 442,457 441,841 439,464 469,370 436,836 449,805
Additional Paid-In Capital                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Beginning balance 421,394 417,489 415,649 410,537 406,998 405,957 415,649 405,957 395,067
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis (710) (251) 481 (641) 113 44 (1,216) (1,161) 225
Ending balance 423,849 421,394 417,489 413,291 410,537 406,998 426,601 415,649 405,957
Retained Earnings (Accumulated Deficit)                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Beginning balance 1,927 (5,021) (3,487) 6,392 7,580 17,742 (3,487) 17,742 22,303
Net income (loss) 7,627 6,948 (1,534) (2,024) (1,188) (10,162) 20,264 (21,229) (4,561)
Ending balance 9,554 1,927 (5,021) 4,368 6,392 7,580 16,777 (3,487) 17,742
As previously reported                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Beginning balance 431,359 419,905 419,748 427,636 425,259 435,600 419,748 435,600 434,493
Net income (loss)               (25,967) (10,111)
Ending balance 441,998 431,359 419,905 428,252 427,636 425,259   419,748 435,600
As previously reported | Additional Paid-In Capital                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Beginning balance     415,611     405,940 415,611 405,940 395,067
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis               (1,182) 208
Ending balance               415,611 405,940
As previously reported | Retained Earnings (Accumulated Deficit)                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Beginning balance     (20,537)     3,554 (20,537) 3,554 12,209
Net income (loss)               (24,091) (8,655)
Ending balance               (20,537) 3,554
Impact of Adjustment                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Beginning balance 17,088 17,088 17,088 14,205 14,205 14,205 17,088 14,205 10,094
Net income (loss)               2,862 4,094
Ending balance $ 17,088 $ 17,088 17,088 $ 14,205 $ 14,205 14,205   17,088 14,205
Impact of Adjustment | Additional Paid-In Capital                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Beginning balance     38     17 38 17  
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis               21 17
Ending balance               38 17
Impact of Adjustment | Retained Earnings (Accumulated Deficit)                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Beginning balance     $ 17,050     $ 14,188 $ 17,050 14,188 10,094
Net income (loss)               2,862 4,094
Ending balance               $ 17,050 $ 14,188
v3.24.0.1
RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS - Interim Statements Of Stockholders' Equity (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Dec. 30, 2020
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total stockholders' equity $ 459,086 $ 448,447 $ 436,993 $ 442,457 $ 441,841 $ 439,464 $ 469,370 $ 436,836 $ 449,805 $ 444,587
Net income (loss) 8,136 7,223 (1,622) (2,311) (1,303) (11,282) 20,990 (23,105) (6,017)  
Other comprehensive income:                    
Change in foreign currency translation adjustment   0 (4)   (1) (1) (3) (1) (2)  
Equity-based compensation 3,563 4,011 3,864 3,570 3,501 3,224 15,174 13,518 8,803  
Activity under stock compensation plan (272) 474 (2,513) 63 89 (2,024) (2,249) (1,810) 3,177  
Redemption of LLC interests 0 0 0 0 0 0 0 0 0  
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis (710) (251) 481 (641) 113 44 (1,216) (1,161) 225  
Distributions paid to non-controlling interest holders (79) (3) (49) (65) (22) (302) (162) (410) (968)  
Additional Paid-In Capital                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total stockholders' equity 423,849 421,394 417,489 413,291 410,537 406,998 426,601 415,649 405,957 395,067
Other comprehensive income:                    
Equity-based compensation 3,563 4,011 3,864 3,570 3,501 3,224 15,174 13,518 8,803  
Activity under stock compensation plan (469) 145 (2,699) (182) (332) (2,276) (3,271) (2,978) 1,829  
Redemption of LLC interests 71 0 194 7 257 49 265 313 33  
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis (710) (251) 481 (641) 113 44 (1,216) (1,161) 225  
Retained Earnings (Accumulated Deficit)                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total stockholders' equity 9,554 1,927 (5,021) 4,368 6,392 7,580 16,777 (3,487) 17,742 22,303
Net income (loss) 7,627 6,948 (1,534) (2,024) (1,188) (10,162) 20,264 (21,229) (4,561)  
Accumulated Other Comprehensive Income (Loss)                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total stockholders' equity (3) (4) (4) (1) (1) 0 (3) 0 1 3
Other comprehensive income:                    
Change in foreign currency translation adjustment   0 (4)   (1) (1) (3) (1) (2)  
Non- Controlling Interest                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total stockholders' equity 25,644 25,088 24,487 24,757 24,871 24,844 25,953 24,632 26,063 27,172
Net income (loss) 509 275 (88) (287) (115) (1,120) 726 (1,876) (1,456)  
Other comprehensive income:                    
Activity under stock compensation plan 197 329 186 245 421 252 1,022 1,168 1,348  
Redemption of LLC interests (71) 0 (194) (7) (257) (49) (265) (313) (33)  
Distributions paid to non-controlling interest holders $ (79) $ (3) $ (49) $ (65) $ (22) $ (302) $ (162) $ (410) $ (968)  
Class A Common Stock                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance (shares) 39,449,246 39,404,905 39,284,998 39,266,670 39,218,290   39,284,998      
Other comprehensive income:                    
Ending balance (shares) 39,466,268 39,449,246 39,404,905 39,279,699 39,266,670 39,218,290 39,474,315 39,284,998    
Class A Common Stock | Common stock                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance (shares) 39,449,246 39,404,905 39,284,998 39,266,670 39,218,290 39,142,397 39,284,998 39,142,397 38,717,790  
Total stockholders' equity $ 39 $ 39 $ 39 $ 39 $ 39 $ 39 $ 39 $ 39 $ 39 39
Other comprehensive income:                    
Activity under stock compensation plans (in shares) 7,022 44,341 94,907 11,029 8,306 65,893 154,317 90,527 395,006  
Redemption of LLC interests (in shares) 10,000 0 25,000 2,000 40,074 10,000 35,000 52,074 29,601  
Ending balance (shares) 39,466,268 39,449,246 39,404,905 39,279,699 39,266,670 39,218,290 39,474,315 39,284,998 39,142,397  
Class B Common Stock                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance (shares) 2,844,513 2,844,513 2,869,513 2,871,513 2,911,587   2,869,513      
Other comprehensive income:                    
Ending balance (shares) 2,834,513 2,844,513 2,844,513 2,869,513 2,871,513 2,911,587 2,834,513 2,869,513    
Class B Common Stock | Common stock                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance (shares) 2,844,513 2,844,513 2,869,513 2,871,513 2,911,587 2,921,587 2,869,513 2,921,587 2,951,188  
Total stockholders' equity $ 3 $ 3 $ 3 $ 3 $ 3 $ 3 $ 3 $ 3 $ 3 3
Other comprehensive income:                    
Redemption of LLC interests (in shares) (10,000) 0 (25,000) (2,000) (40,074) (10,000) (35,000) (52,074) (29,601)  
Ending balance (shares) 2,834,513 2,844,513 2,844,513 2,869,513 2,871,513 2,911,587 2,834,513 2,869,513 2,921,587  
As previously reported                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total stockholders' equity $ 441,998 $ 431,359 $ 419,905 $ 428,252 $ 427,636 $ 425,259   $ 419,748 $ 435,600 434,493
Net income (loss)               (25,967) (10,111)  
As previously reported | Additional Paid-In Capital                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total stockholders' equity               415,611 405,940 395,067
Other comprehensive income:                    
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis               (1,182) 208  
As previously reported | Retained Earnings (Accumulated Deficit)                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total stockholders' equity               (20,537) 3,554 12,209
Net income (loss)               (24,091) (8,655)  
As previously reported | Accumulated Other Comprehensive Income (Loss)                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total stockholders' equity               0 1 3
As previously reported | Non- Controlling Interest                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total stockholders' equity               $ 24,632 $ 26,063 27,172
As previously reported | Class A Common Stock | Common stock                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance (shares)     39,284,998     39,142,397 39,284,998 39,142,397 38,717,790  
Total stockholders' equity               $ 39 $ 39 39
Other comprehensive income:                    
Ending balance (shares)               39,284,998 39,142,397  
As previously reported | Class B Common Stock | Common stock                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance (shares)     2,869,513     2,921,587 2,869,513 2,921,587 2,951,188  
Total stockholders' equity               $ 3 $ 3 3
Other comprehensive income:                    
Ending balance (shares)               2,869,513 2,921,587  
Impact of Adjustment                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total stockholders' equity $ 17,088 $ 17,088 $ 17,088 $ 14,205 $ 14,205 $ 14,205   $ 17,088 $ 14,205 10,094
Net income (loss)               2,862 4,094  
Impact of Adjustment | Additional Paid-In Capital                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total stockholders' equity               38 17  
Other comprehensive income:                    
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis               21 17  
Impact of Adjustment | Retained Earnings (Accumulated Deficit)                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total stockholders' equity               17,050 14,188 $ 10,094
Net income (loss)               $ 2,862 $ 4,094  
v3.24.0.1
REVENUE - Narrative (Details)
$ in Thousands
Dec. 27, 2023
USD ($)
Disaggregation of Revenue [Line Items]  
Revenue, remaining performance obligation $ 23,690
Maximum  
Disaggregation of Revenue [Line Items]  
License term 20 years
Minimum  
Disaggregation of Revenue [Line Items]  
License term 5 years
v3.24.0.1
REVENUE - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Disaggregation of Revenue [Line Items]                  
Revenue from Contract with Customer, Excluding Assessed Tax $ 276,207 $ 271,805 $ 253,278 $ 227,814 $ 230,752 $ 203,391 $ 1,087,533 $ 900,486 $ 739,893
Shack sales                  
Disaggregation of Revenue [Line Items]                  
Revenue from Contract with Customer, Excluding Assessed Tax $ 264,980 $ 261,810 $ 244,254 $ 219,501 $ 223,054 $ 196,791 1,046,819 869,270 714,989
Sales-based royalties                  
Disaggregation of Revenue [Line Items]                  
Revenue from Contract with Customer, Excluding Assessed Tax             39,853 30,204 24,150
Initial territory and opening fees                  
Disaggregation of Revenue [Line Items]                  
Revenue from Contract with Customer, Excluding Assessed Tax             $ 861 $ 1,012 $ 754
v3.24.0.1
REVENUE - Schedule of Respective Liability Balances (Details) - USD ($)
$ in Thousands
Dec. 27, 2023
Dec. 28, 2022
Disaggregation of Revenue [Line Items]    
Gift card liability $ 2,603 $ 2,285
Deferred revenue, current 1,192 969
Contract with Customer, Liability, Noncurrent 17,157 14,340
Shack sales    
Disaggregation of Revenue [Line Items]    
Contract with customer, asset, net 9,884 8,779
Licensing receivables, net of allowance for doubtful accounts    
Disaggregation of Revenue [Line Items]    
Contract with customer, asset, net $ 4,610 $ 3,918
v3.24.0.1
REVENUE - Liability Balance (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Revenue from Contract with Customer [Abstract]    
Gift card liability $ 634 $ 1,781
Deferred revenue $ 1,103 954
Cumulative catch-up adjustment   $ 1,281
v3.24.0.1
FAIR VALUE MEASUREMENTS - Investments (Details) - USD ($)
$ in Thousands
Dec. 27, 2023
Dec. 28, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities $ 0 $ 80,707
Total marketable securities 68,561 80,707
U.S. Treasuries    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Held-to-maturity securities $ 68,561 $ 0
v3.24.0.1
FAIR VALUE MEASUREMENTS - Held-To-Maturity Securities (Details) - U.S. Treasuries - USD ($)
$ in Thousands
Dec. 27, 2023
Dec. 28, 2022
Schedule of Held-to-Maturity Securities [Line Items]    
Amortized Cost $ 68,561 $ 0
Gross Unrealized Gains 481  
Gross Unrealized Losses 0  
Estimated Fair Value $ 69,042  
v3.24.0.1
FAIR VALUE MEASUREMENTS - Other Income (Expense) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Fair Value Disclosures [Abstract]      
Income from investments $ 2,885 $ 1,033 $ 301
Realized gain (loss) on sale of equity securities 81 0 (5)
Unrealized gain (loss) on equity securities 0 (158) (277)
Total $ 2,966 $ 875 $ 19
v3.24.0.1
FAIR VALUE MEASUREMENTS - Additional Information (Details) - USD ($)
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Fair Value Disclosures [Abstract]      
Asset impairment charges $ 0 $ 99,000 $ 0
v3.24.0.1
ACCOUNTS RECEIVABLE - Schedule of Accounts Receivable (Details) - USD ($)
$ in Thousands
Dec. 27, 2023
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Dec. 28, 2022
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Receivables [Abstract]                
Licensing receivables $ 4,610       $ 3,918      
Credit card receivables 6,360       5,549      
Delivery receivables 3,039       2,753      
Other receivables 2,838       1,657      
Accounts receivable, net $ 16,847 $ 13,889 $ 14,332 $ 14,175 $ 13,877 $ 11,800 $ 11,936 $ 11,755
v3.24.0.1
PROPERTY AND EQUIPMENT, NET (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Property, Plant and Equipment [Line Items]                  
Property and equipment, gross $ 907,755 $ 757,393              
Less: accumulated depreciation (376,760) (290,362)   $ (353,303) $ (331,571) $ (310,939) $ (271,938) $ (254,291) $ (236,933)
Property and equipment, net 530,995 467,031   $ 525,557 $ 500,085 $ 479,617 $ 441,870 $ 411,018 $ 398,971
Depreciation 91,216 72,770 $ 58,961            
Leasehold improvements                  
Property, Plant and Equipment [Line Items]                  
Property and equipment, gross 594,024 494,212              
Equipment                  
Property, Plant and Equipment [Line Items]                  
Property and equipment, gross 98,780 77,737              
Furniture and fixtures                  
Property, Plant and Equipment [Line Items]                  
Property and equipment, gross 31,469 27,519              
Computer equipment and software                  
Property, Plant and Equipment [Line Items]                  
Property and equipment, gross 101,822 70,667              
Financing equipment lease right-of-use assets                  
Property, Plant and Equipment [Line Items]                  
Property and equipment, gross 25,127 16,155              
Construction in progress                  
Property, Plant and Equipment [Line Items]                  
Property and equipment, gross $ 56,533 $ 71,103              
v3.24.0.1
SUPPLEMENTAL BALANCE SHEET INFORMATION - Prepaid Expenses and Other Current Assets (Details) - USD ($)
$ in Thousands
Dec. 27, 2023
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Dec. 28, 2022
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]                
Prepaid expenses $ 5,641       $ 3,815      
Tenant allowance receivables 12,136       10,121      
Other 1,190       763      
Prepaid expenses and other current assets $ 18,967 $ 19,762 $ 15,278 $ 18,075 $ 14,699 $ 14,246 $ 13,727 $ 12,155
v3.24.0.1
SUPPLEMENTAL BALANCE SHEET INFORMATION - Other Current Liabilities (Details) - USD ($)
$ in Thousands
Dec. 27, 2023
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Dec. 28, 2022
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Other Liabilities, Current                
Sales tax payable $ 6,076       $ 5,363      
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Other current liabilities       Other current liabilities      
Current portion of financing equipment lease liabilities $ 3,435       $ 2,546      
Gift card liability 2,603       2,285      
Legal reserve 679       6,285      
Other 4,310       3,073      
Other current liabilities $ 17,103 $ 17,522 $ 17,881 $ 18,117 $ 19,552 $ 19,497 $ 20,261 $ 20,586
v3.24.0.1
SUPPLEMENTAL BALANCE SHEET INFORMATION - Other Long-Term Liabilities (Details) - USD ($)
$ in Thousands
Dec. 27, 2023
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Dec. 28, 2022
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]                
Deferred licensing revenue $ 17,157       $ 14,340      
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other long-term liabilities       Other long-term liabilities      
Long-term portion of financing equipment lease liabilities $ 8,721       $ 3,909      
Other 760       2,438      
Other long-term liabilities $ 26,638 $ 26,322 $ 22,218 $ 22,192 $ 20,687 $ 20,588 $ 21,597 $ 20,944
v3.24.0.1
DEBT - Convertible Notes (Details)
$ / shares in Units, $ in Thousands
 1 Months Ended
Mar. 31, 2021
USD ($)
d
$ / shares
shares
Dec. 27, 2023
USD ($)
$ / shares
Sep. 27, 2023
$ / shares
Jun. 28, 2023
$ / shares
Mar. 29, 2023
$ / shares
Dec. 28, 2022
USD ($)
$ / shares
Sep. 28, 2022
$ / shares
Jun. 29, 2022
$ / shares
Mar. 30, 2022
$ / shares
Class A Common Stock                  
Debt Instrument [Line Items]                  
Common stock, par value (in dollars per share) | $ / shares   $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001
0% Convertible Senior Notes Due 2028 | Senior Notes | Private Placement                  
Debt Instrument [Line Items]                  
Aggregate principal amount | $ $ 250,000                
Interest rate (in percent) 0.00%                
Conversion rate | shares 5,867.9000                
Conversion price (in dollars per share) | $ / shares $ 170,420                
Fair value of convertible notes | $   $ 205,000       $ 162,500      
0% Convertible Senior Notes Due 2028 | Senior Notes | Private Placement | Debt Instrument, Redemption, Period One                  
Debt Instrument [Line Items]                  
Threshold trading days 20                
Threshold consecutive trading days 30                
Threshold percentage of stock price trigger (in percent) 130.00%                
Redemption price (in percent) 100.00%                
0% Convertible Senior Notes Due 2028 | Senior Notes | Private Placement | Debt Instrument, Redemption, Period Two                  
Debt Instrument [Line Items]                  
Redemption price (in percent) 100.00%                
0% Convertible Senior Notes Due 2028 | Senior Notes | Private Placement | Debt Conversion, Condition One                  
Debt Instrument [Line Items]                  
Threshold trading days 20                
Threshold consecutive trading days 30                
Threshold percentage of stock price trigger (in percent) 130.00%                
0% Convertible Senior Notes Due 2028 | Senior Notes | Private Placement | Debt Conversion, Condition One | Class A Common Stock                  
Debt Instrument [Line Items]                  
Common stock, par value (in dollars per share) | $ / shares $ 0.001                
0% Convertible Senior Notes Due 2028 | Senior Notes | Private Placement | Debt Conversion, Condition Two                  
Debt Instrument [Line Items]                  
Threshold consecutive trading days 10                
Threshold percentage of stock price trigger (in percent) 98.00%                
Threshold business days 5                
v3.24.0.1
DEBT - Convertible Notes Classification (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Debt Instrument [Line Items]                  
Amortization expense on Convertible Notes $ 1,047 $ 1,047 $ 867            
Long-term debt 245,636 244,589   $ 245,375 $ 245,113 $ 244,851 $ 244,328 $ 244,066 $ 243,804
0% Convertible Senior Notes Due 2028 | Senior Notes | Private Placement                  
Debt Instrument [Line Items]                  
Amortization expense on Convertible Notes 1,047 1,047              
Convertible Notes 250,000 250,000              
Discount and debt issuance costs, net of amortization (4,364) (5,411)              
Long-term debt $ 245,636 $ 244,589              
v3.24.0.1
DEBT - Revolving Credit Facility (Details) - Revolving Credit Facility - Line of Credit - USD ($)
 3 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Line of Credit Facility [Line Items]    
Maximum borrowing capacity $ 50,000,000  
Incremental borrowing capacity 100,000,000  
Outstanding amount under credit facility 0  
Third Amendment and Restated Credit Arrangement    
Line of Credit Facility [Line Items]    
Maximum borrowing capacity 15,000,000  
Letters of credit outstanding $ 3,147,000 $ 1,863,000
Minimum | Base Rate    
Line of Credit Facility [Line Items]    
Basis spread on variable rate (in percent) 0.00%  
Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate    
Line of Credit Facility [Line Items]    
Basis spread on variable rate (in percent) 1.00%  
Maximum | Base Rate    
Line of Credit Facility [Line Items]    
Basis spread on variable rate (in percent) 1.50%  
Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate    
Line of Credit Facility [Line Items]    
Basis spread on variable rate (in percent) 2.50%  
v3.24.0.1
DEBT - Revolving Credit Facility Classification (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Debt Instrument [Line Items]                  
Interest expense $ 433 $ 405 $ 403 $ 475 $ 315 $ 355 $ 1,717 $ 1,518 $ 1,577
Revolving Credit Facility | Line of Credit                  
Debt Instrument [Line Items]                  
Interest expense             74 82 $ 479
Unamortized debt issuance cost             $ 42 $ 62  
v3.24.0.1
LEASES - Narrative (Details)
$ in Thousands
Dec. 27, 2023
USD ($)
Leases [Abstract]  
Operating lease for non-cancellable leases $ 154,198
v3.24.0.1
LEASES - Balance Sheet Clasification (Details) - USD ($)
$ in Thousands
Dec. 27, 2023
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Dec. 28, 2022
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Leases [Abstract]                
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Operating lease assets       Operating lease assets      
Operating lease assets $ 398,296 $ 397,870 $ 385,386 $ 379,475 $ 367,488 $ 370,536 $ 361,522 $ 346,128
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Property and equipment, net of accumulated depreciation of $376,760 and $290,362, respectively       Property and equipment, net of accumulated depreciation of $376,760 and $290,362, respectively      
Finance lease right-of-use asset $ 11,801       $ 6,152      
Total right-of-use assets 410,097       373,640      
Operating leases:                
Operating lease liabilities, current 49,004 47,610 46,490 44,578 42,238 40,690 38,775 36,951
Long-term operating lease liabilities 464,533 $ 463,370 $ 448,580 $ 441,554 427,227 $ 429,165 $ 418,010 $ 399,487
Finance leases:                
Other current liabilities 3,435       2,546      
Other long-term liabilities 8,721       3,909      
Total lease liabilities $ 525,693       $ 475,920      
v3.24.0.1
LEASES - Lease Cost (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Total lease cost      
Operating lease cost $ 67,781 $ 58,788 $ 50,888
Amortization of right-of-use assets 3,324 3,071 2,719
Interest on lease liabilities 476 226 207
Variable lease cost 18,305 15,973 13,855
Short-term lease cost 938 580 290
Total lease cost $ 90,824 $ 78,638 $ 67,959
v3.24.0.1
LEASES - Future Minimum Lease Payments (Details)
$ in Thousands
Dec. 27, 2023
USD ($)
Operating Leases  
2024 $ 65,677
2025 82,915
2026 79,377
2027 74,717
2028 70,343
Thereafter 293,237
Total minimum payments 666,266
Less: imputed interest 164,865
Total lease liabilities 501,401
Finance Leases  
2024 4,068
2025 3,440
2026 2,658
2027 2,213
2028 1,192
Thereafter 142
Total minimum payments 13,713
Less: imputed interest 1,557
Total lease liabilities $ 12,156
v3.24.0.1
LEASES - Lease Terms and Discount Rates (Details)
Dec. 27, 2023
Dec. 28, 2022
Weighted average remaining lease term (years):    
Operating leases 8 years 10 months 24 days 8 years 10 months 24 days
Finance leases 4 years 8 months 12 days 5 years 1 month 6 days
Weighted average discount rate:    
Operating leases 6.20% 5.70%
Finance leases 5.60% 4.00%
v3.24.0.1
LEASES - Supplemental Cash Flow Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Cash paid for amounts included in the measurement of lease liabilities:      
Operating cash flows from operating leases $ 72,128 $ 61,114 $ 49,079
Operating cash flows from finance leases 476 226 207
Financing cash flows from finance leases 3,272 2,974 2,694
Right-of-use assets obtained in exchange for lease obligations:      
Operating leases 72,403 56,578 66,959
Finance leases $ 8,972 $ 2,415 $ 4,119
v3.24.0.1
EMPLOYEE BENEFIT PLANS (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Defined Benefit Plan Disclosure [Line Items]      
Employer contributions $ 1,888 $ 1,553 $ 1,337
Defined Contribution Plan, Initial Contribution      
Defined Benefit Plan Disclosure [Line Items]      
Employer matching contribution percentage 100.00%    
Employer matching contribution as a percent of employees' gross pay 3.00%    
Defined Contribution Plan, Additional Contribution      
Defined Benefit Plan Disclosure [Line Items]      
Employer matching contribution percentage 50.00%    
Employer matching contribution as a percent of employees' gross pay 3.00%    
Defined Contribution Plan, Additional Contribution | Maximum      
Defined Benefit Plan Disclosure [Line Items]      
Employer matching contribution as a percent of employees' gross pay 5.00%    
v3.24.0.1
STOCKHOLDER'S EQUITY - Redemption of LLC Interests (Details) - shares
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Limited Liability Company                  
Class of Stock [Line Items]                  
Number of units redeemed (in shares)             35,000 52,074 29,601
Limited Liability Company | Redemptions by NCI Holders                  
Class of Stock [Line Items]                  
Number of units redeemed (in shares)             35,000 52,074 29,601
Common Stock | Class A Common Stock                  
Class of Stock [Line Items]                  
Redemption of LLC interests (in shares) 10,000 0 25,000 2,000 40,074 10,000 35,000 52,074 29,601
Common Stock | Class B Common Stock                  
Class of Stock [Line Items]                  
Redemption of LLC interests (in shares) (10,000) 0 (25,000) (2,000) (40,074) (10,000) (35,000) (52,074) (29,601)
Effect of redemption (in shares)             35,000 52,074 29,601
v3.24.0.1
STOCKHOLDER'S EQUITY -Stock Compensation Plan Activity (Details) - shares
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Stock options      
Class of Stock [Line Items]      
LLC interests acquired (in shares) 154,317 90,527 395,006
v3.24.0.1
NON-CONTROLLING INTERESTS - Narrative (Details)
Feb. 04, 2015
Class A Common Stock  
Noncontrolling Interest [Line Items]  
Ratio of common stock to limited liability company interest 1
v3.24.0.1
NON-CONTROLLING INTERESTS - Ownership Interest in SSE Holdings (Details) - shares
Dec. 27, 2023
Dec. 28, 2022
Noncontrolling Interest [Line Items]    
Number of LLC Interests held by Shake Shack Inc. (in shares) 39,474,315 39,284,998
Number of LLC Interests held by non-controlling interest holders (in shares) 2,834,513 2,869,513
Total LLC Interests outstanding (in shares) 42,308,828 42,154,511
Total LLC Interests outstanding (as a percentage) 100.00% 100.00%
Shake Shack Inc.    
Noncontrolling Interest [Line Items]    
Number of LLC Interests held by Shake Shack Inc. (as a percentage) 93.30% 93.20%
Non-Controlling Interest Holders    
Noncontrolling Interest [Line Items]    
Number of LLC Interests held by non-controlling interest holders (as a percentage) 6.70% 6.80%
v3.24.0.1
NON-CONTROLLING INTERESTS - Weighted Average Ownership Percentages (Details)
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Noncontrolling Interest [Abstract]      
Non-controlling interest holders' weighted average ownership percentages 6.70% 6.90% 7.00%
v3.24.0.1
NON-CONTROLLING INTERESTS - Changes in Ownership Interests in SSE Holdings (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Jun. 28, 2023
Mar. 29, 2023
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Noncontrolling Interest [Line Items]              
Net income (loss) attributable to Shake Shack Inc.         $ 20,264 $ (21,229) $ (4,561)
Other comprehensive income (loss):              
Unrealized holding loss on foreign currency translation adjustment $ 0 $ (4) $ (1) $ (1) (3) (1) (2)
Transfers (to) from non-controlling interests:              
Total effect of changes in ownership interest on equity (loss) attributable to Shake Shack Inc.         17,255 (23,895) (2,701)
Unrealized holding gains on equity securities              
Other comprehensive income (loss):              
Unrealized holding loss on foreign currency translation adjustment $ 0 $ (4) $ (1) $ (1) (3) (1) (2)
Additional Paid-In Capital | Redemption or Exchange of Units              
Transfers (to) from non-controlling interests:              
Increase (decrease) in additional paid-in capital         265 313 33
Additional Paid-In Capital | Employee Stock Option              
Transfers (to) from non-controlling interests:              
Increase (decrease) in additional paid-in capital         $ (3,271) $ (2,978) $ 1,829
v3.24.0.1
NON-CONTROLLING INTERESTS - Redemption of LLC Interests (Details) - shares
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Limited Liability Company                  
Class of Stock [Line Items]                  
Number of LLC Interests received by Shake Shack Inc. (in shares)             189,317    
Number of units redeemed (in shares)             35,000 52,074 29,601
Stock options                  
Class of Stock [Line Items]                  
Number of LLC Interests received by Shake Shack Inc. (in shares)             154,317 90,527 395,006
Redemptions by NCI Holders | Limited Liability Company                  
Class of Stock [Line Items]                  
Number of units redeemed (in shares)             35,000 52,074 29,601
Common stock | Class A Common Stock                  
Class of Stock [Line Items]                  
Shares of Class A common stock issued in connection with redemptions of LLC Interests (in shares) 10,000 0 25,000 2,000 40,074 10,000 35,000 52,074 29,601
Common stock | Class B Common Stock                  
Class of Stock [Line Items]                  
Shares of Class A common stock issued in connection with redemptions of LLC Interests (in shares) (10,000) 0 (25,000) (2,000) (40,074) (10,000) (35,000) (52,074) (29,601)
Shares of Class B common stock surrendered and canceled (in shares)             35,000 52,074 29,601
v3.24.0.1
EQUITY-BASED COMPENSATION - Schedule Of Compensation Expense Recognized (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Equity-based compensation expense $ 14,888 $ 13,326 $ 8,703
Total income tax benefit recognized related to equity-based compensation 391 302 223
Stock options      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Equity-based compensation expense 0 0 3
Performance stock units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Equity-based compensation expense 3,149 4,199 3,471
Restricted stock units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Equity-based compensation expense 11,739 9,127 5,229
General and administrative expenses      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Equity-based compensation expense 13,587 12,305 7,907
Labor and related expenses      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Equity-based compensation expense $ 1,301 $ 1,021 $ 796
v3.24.0.1
EQUITY-BASED COMPENSATION - Narrative (Details) - USD ($)
 1 Months Ended 12 Months Ended
Jan. 31, 2015
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Capitalized equity-based compensation expense associated with construction cost   $ 286,000 $ 192,000 $ 100,000
Net proceeds from stock option exercises   744,000 $ 424,000 $ 6,731,000
2015 Incentive Award Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Net proceeds from stock option exercises   744,000    
Cash tax benefit realized   $ 203,000    
Granted (in USD per share)   $ 0    
Options exercised during period   $ 5,457,000    
Restricted stock units | 2015 Incentive Award Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Outstanding at beginning of period (in shares)   511,544,000 395,853,000  
Granted (in USD per share)   $ 58.26 $ 71.25 $ 117.39
Fair value of restricted stock units vested   $ 10,382,000 $ 5,936,000 $ 8,385,000
Unrecognized compensation expense   $ 25,159,000    
Weighted-average period for recognition compensation expense   2 years 7 months 6 days    
Granted (in shares)   326,692,000    
Performance stock units | 2015 Incentive Award Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Outstanding at beginning of period (in shares)   121,425 159,822  
Granted (in USD per share)   $ 0 $ 0 $ 98.87
Unrecognized compensation expense   $ 0    
Weighted-average period for recognition compensation expense   1 year 1 month 6 days    
Requisite service period   4 years    
Requisite service period, cliff vest option   3 years    
Granted (in shares)   0    
Fair value of stock options vested   $ 1,441,000 $ 1,869,000 $ 3,083,000
Shares expected to be recognized   3,147,000    
Stock options        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Fair value of stock options vested   $ 0 $ 0 $ 60,000
Stock options | 2015 Incentive Award Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Number of shares available for grant (in shares) 5,865,522      
Granted (in USD per share)   $ 0 $ 0 $ 58.92
Options exercised during period   $ 1,426,000 $ 631,000 $ 30,533,000
Minimum | Restricted stock units | 2015 Incentive Award Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Award vesting period 1 year      
Minimum | Performance stock units | 2015 Incentive Award Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Range of awards   0.00%    
Performance period   1 year    
Minimum | Stock options | 2015 Incentive Award Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Award vesting period   1 year    
Maximum | Restricted stock units | 2015 Incentive Award Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Award vesting period 5 years      
Maximum | Performance stock units | 2015 Incentive Award Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Range of awards   200.00%    
Performance period   3 years    
Maximum | Stock options | 2015 Incentive Award Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Award vesting period   5 years    
v3.24.0.1
EQUITY-BASED COMPENSATION - Performance and Restricted Stock Activity (Details) - 2015 Incentive Award Plan - $ / shares
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Restricted stock units      
Performance and Restricted Stock Units      
Outstanding at beginning of period (in shares) 511,544,000 395,853,000  
Granted (in shares) 326,692,000    
Vested (in shares) (147,163,000)    
Forfeited (in shares) (63,838,000)    
Outstanding at end of period (in shares) 511,544,000 395,853,000  
Weighted Average Grant Date Fair Value      
Outstanding at beginning of period (in USD per share) $ 76.82    
Granted (in USD per share) 58.26 $ 71.25 $ 117.39
Vested (in USD per share) 70.29    
Forfeited (in USD per share) 68.94    
Outstanding at end of period (in USD per share) $ 67.82 $ 76.82  
Performance stock units      
Performance and Restricted Stock Units      
Outstanding at beginning of period (in shares) 121,425 159,822  
Granted (in shares) 0    
Performance achievement (in shares) 0    
Vested (in shares) (25,494)    
Forfeited (in shares) (12,903)    
Outstanding at end of period (in shares) 121,425 159,822  
Weighted Average Grant Date Fair Value      
Outstanding at beginning of period (in USD per share) $ 92.22    
Granted (in USD per share) 0 $ 0 $ 98.87
Performance achievement (in USD per share) 0    
Vested (in USD per share) 91.36    
Forfeited (in USD per share) 88.70    
Outstanding at end of period (in USD per share) $ 92.77 $ 92.22  
v3.24.0.1
EQUITY-BASED COMPENSATION - Schedule of Fair Value of Stock Options (Details) - 2015 Incentive Award Plan - Stock options
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected term (years) 0 years 0 years 7 years 6 months
Expected volatility 0.00% 0.00% 45.40%
Risk-free interest rate 0.00% 0.00% 1.40%
Dividend yield 0.00% 0.00% 0.00%
v3.24.0.1
EQUITY-BASED COMPENSATION - Stock Option Activity (Details) - 2015 Incentive Award Plan - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Stock Options      
Outstanding at beginning of period (in shares) 134,031    
Granted (in shares) 0    
Exercised (in shares) (33,406)    
Forfeited (in shares) 0    
Outstanding at end of period (in shares) 100,625 134,031  
Options vested and exercisable at end of period (in shares) 100,625    
Options expected to vest (in shares) 0    
Weighted Average Exercise Price      
Outstanding at beginning of period (in USD per share) $ 21.88    
Granted (in USD per share) 0    
Exercised (in USD per share) 22.39    
Forfeited (in USD per share) 0    
Outstanding at end of period (in USD per share) 21.71 $ 21.88  
Weighted average options vested and exercisable (in USD per share) 21.71    
Options expected to vest (in USD per share) $ 0    
Aggregate Intrinsic Value      
Outstanding at end of period $ 5,457    
Options exercised during period 5,457    
Options expected to vest $ 0    
Weighted Average Remaining Contractual Life (Years)      
Outstanding at end of period 1 year 2 months 12 days    
Options exercisable at end of year 1 year 2 months 12 days    
Stock options      
Weighted Average Exercise Price      
Granted (in USD per share) $ 0 $ 0 $ 58.92
Aggregate Intrinsic Value      
Options exercised during period $ 1,426 $ 631 $ 30,533
v3.24.0.1
EQUITY-BASED COMPENSATION - Stock Options Outstanding and Exercisable (Details) - 2015 Incentive Award Plan
 12 Months Ended
Dec. 27, 2023
$ / shares
shares
Twenty-One Dollars  
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]  
Number Outstanding (in shares) | shares 95,511
Weighted Average Remaining Contractual Life (Years) 1 year 1 month 6 days
Weighted Average Exercise Price (in USD per share) | $ / shares $ 21.00
Thirty-Four Point Sixty Two Dollars  
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]  
Number Outstanding (in shares) | shares 4,006
Weighted Average Remaining Contractual Life (Years) 2 years 4 months 24 days
Weighted Average Exercise Price (in USD per share) | $ / shares $ 34.62
Thirty-Six Point Forty One Dollars  
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]  
Number Outstanding (in shares) | shares 1,108
Weighted Average Remaining Contractual Life (Years) 2 years 10 months 24 days
Weighted Average Exercise Price (in USD per share) | $ / shares $ 36.41
v3.24.0.1
INCOME TAXES - Schedule of Components of Income before Income Taxes (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Income Tax Disclosure [Abstract]                  
Domestic             $ (13,427) $ (49,454) $ (38,833)
Foreign             30,407 25,169 21,498
INCOME (LOSS) BEFORE INCOME TAXES $ 8,665 $ 7,570 $ (755) $ (3,819) $ (596) $ (15,579) $ 16,980 $ (24,285) $ (17,335)
v3.24.0.1
INCOME TAXES - Schedule of Components of Income Tax Expense (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Current income taxes:                  
Federal             $ 0 $ 0 $ 0
State and local             1,271 222 275
Foreign             3,793 3,612 2,880
Total current income taxes             5,064 3,834 3,155
Deferred income taxes:                  
Federal             (12,427) (4,176) (10,732)
State and local             3,353 (838) (3,741)
Total deferred income taxes             (9,074) (5,014) (14,473)
Income tax benefit $ 529 $ 347 $ 867 $ (1,508) $ 707 $ (4,297) $ (4,010) $ (1,180) $ (11,318)
v3.24.0.1
INCOME TAXES - Reconciliation of Income Tax Expense (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]                  
Expected U.S. federal income taxes at statutory rate             $ 3,565 $ (5,100) $ (3,641)
State and local income taxes, net of federal benefit             2,429 (759) (1,578)
Foreign withholding taxes             3,792 3,612 2,880
Tax credits             (7,060) (5,969) (3,655)
Non-controlling interest             517 122 (350)
Remeasurement of deferred tax assets in connection with other tax rate changes             1,547 225 1,034
Reserve for uncertain tax positions             154 0 0
Change in valuation allowance             (9,195) 4,955 (6,059)
Other             241 1,734 51
Income tax benefit $ 529 $ 347 $ 867 $ (1,508) $ 707 $ (4,297) $ (4,010) $ (1,180) $ (11,318)
Effective Income Tax Rate Reconciliation, Percent [Abstract]                  
Expected U.S. federal income taxes at statutory rate             21.00% 21.00% 21.00%
State and local income taxes, net of federal benefit             14.30% 3.10% 9.10%
Foreign withholding taxes             22.30% (14.90%) (16.60%)
Tax credits             (41.50%) 24.60% 21.10%
Non-controlling interest             3.00% (0.50%) 2.00%
Remeasurement of deferred tax assets in connection with other tax rate changes             9.10% (0.90%) (6.00%)
Reserve for uncertain tax positions             0.90% 0.00% 0.00%
Change in valuation allowance             (54.20%) (20.40%) 35.00%
Other             1.40% (7.10%) (0.30%)
Income tax benefit             (23.60%) 4.90% 65.30%
v3.24.0.1
INCOME TAXES - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Dec. 30, 2020
Dec. 25, 2019
Dec. 26, 2018
Dec. 27, 2017
Dec. 28, 2016
Dec. 30, 2015
Income Tax Contingency [Line Items]                  
Effective income tax rate (percent) (23.60%) 4.90% 65.30%            
Deferred tax assets, carryforwards, federal $ 596,347                
Deferred tax assets, carryforwards, state and local 327,152                
Net operating loss carryforwards 144,144 $ 131,867              
Additional deferred tax asset recognized, investment in partnership 720                
Valuation allowance (357) (9,560)              
Increase (decrease) in valuation allowance 9,201                
Uncertain tax reserves   195 $ 195 $ 195 $ 195 $ 195 $ 207 $ 207 $ 207
Uncertain tax positions 147 0 0 $ 0          
Unrecognized tax benefits, interest expense 139                
Unrecognized tax benefits, accrued interest expense $ 48                
Percentage of tax benefits due to equity owners 85.00%                
Remaining percentage of tax benefits due to equity owners 15.00%                
Establishment of liabilities under tax receivable agreement $ 720 844 $ 1,093            
Establishment of liabilities under tax receivable agreement 235,613 $ 234,893              
Current portion of liabilities under tax receivable agreement $ 0                
Limited Liability Company                  
Income Tax Contingency [Line Items]                  
LLC interests acquired (in shares) 189,317                
Additional deferred tax asset recognized, investment in partnership $ 90,419                
Number of units redeemed (in shares) 35,000 52,074 29,601            
Redemptions by NCI Holders | Limited Liability Company                  
Income Tax Contingency [Line Items]                  
Number of units redeemed (in shares) 35,000 52,074 29,601            
Domestic Tax Authority                  
Income Tax Contingency [Line Items]                  
Net operating loss carryforwards $ 544,480                
Tax credit carryforwards 25,727                
State and Local Jurisdiction                  
Income Tax Contingency [Line Items]                  
Net operating loss carryforwards 49,912                
Tax credit carryforwards $ 406                
v3.24.0.1
INCOME TAXES- Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 27, 2023
Dec. 28, 2022
Deferred tax assets:    
Investment in partnership $ 90,419 $ 109,870
Tax Receivable Agreement 64,076 64,218
Operating lease liability 4,713 4,376
Financing lease liability 114 61
Deferred revenue 196 167
Equity-based compensation 360 380
Net operating loss carryforwards 144,144 131,867
Tax credits 26,048 19,257
Other assets 947 638
Total gross deferred tax assets 331,017 330,834
Valuation allowance (357) (9,560)
Total deferred tax assets, net of valuation allowance 330,660 321,274
Deferred tax liabilities:    
Property and equipment (599) (95)
Operating lease right-of-use asset (3,735) (3,488)
Financing lease right-of-use asset (111) (58)
Other liabilities (7) (7)
Total gross deferred tax liabilities (4,452) (3,648)
Net deferred tax assets $ 326,208 $ 317,626
v3.24.0.1
INCOME TAXES- Reconciliations Of Uncertain Tax Positions (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Beginning balance $ 0 $ 0 $ 0
Additions based on tax positions related to the current year 0 0 0
Additions for tax positions of prior years 263 0 0
Reductions for tax positions of prior years 0 0 0
Reductions for lapse of applicable statute of limitations 0 0 0
Settlements (116) 0 0
Ending balance $ 147 $ 0 $ 0
v3.24.0.1
EARNINGS (LOSS) PER SHARE - Schedule of Earnings (Loss) Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Numerator:                  
Net income (loss) attributable to Shake Shack Inc.—basic $ 7,627 $ 6,948 $ (1,534) $ (2,024) $ (1,188) $ (10,162) $ 20,264 $ (21,229) $ (4,561)
Reallocation of net income attributable to non-controlling interests from the assumed conversion of Class B shares $ 509 $ 275 $ (88) $ (287) $ (115) $ (1,120) 726 (1,876) (1,456)
Net income (loss) attributable to Shake Shack Inc.—diluted             $ 20,990 $ (21,229) $ (4,561)
Denominator:                  
Weighted average shares of Class A common stock outstanding—basic 39,460 39,416 39,332 39,274 39,227 39,163 39,419 39,237 39,085
Effect of dilutive securities:                  
Weighted average shares of Class A common stock outstanding—diluted 43,978 43,886 39,332 39,274 39,227 39,163 43,899 39,237 39,085
Earnings per share of Class A common stock—basic (in dollars per share) $ 0.19 $ 0.18 $ (0.04) $ (0.05) $ (0.03) $ (0.26) $ 0.51 $ (0.54) $ (0.12)
Earnings per share of Class A common stock—diluted (in dollars per share) $ 0.19 $ 0.16 $ (0.04) $ (0.05) $ (0.03) $ (0.26) $ 0.48 $ (0.54) $ (0.12)
Performance stock units                  
Effect of dilutive securities:                  
Incremental common shares (in shares)             11 0 0
Restricted stock units                  
Effect of dilutive securities:                  
Incremental common shares (in shares)             85 0 0
Convertible Notes                  
Effect of dilutive securities:                  
Incremental common shares (in shares)             1,467 0 0
Class B Common Stock                  
Numerator:                  
Reallocation of net income attributable to non-controlling interests from the assumed conversion of Class B shares             $ 726 $ 0 $ 0
Effect of dilutive securities:                  
Incremental common shares (in shares)             2,842 0 0
Stock options                  
Effect of dilutive securities:                  
Incremental common shares (in shares)             75 0 0
v3.24.0.1
EARNINGS (LOSS) PER SHARE - Antidilutive Securities (Details) - shares
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Stock options      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Antidilutive shares (in shares) 0 134,031 154,231
Performance stock units      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Antidilutive shares (in shares) 99,718 159,822 186,159
Restricted stock units      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Antidilutive shares (in shares) 0 395,853 231,429
Class B Common Stock      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Antidilutive shares (in shares) 0 2,869,513 2,921,587
Convertible notes      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Antidilutive shares (in shares) 0 1,466,975 1,466,975
v3.24.0.1
SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Cash paid for:      
Income taxes, net of refunds $ 4,056 $ 3,731 $ 2,808
Interest, net of amounts capitalized 537 252 252
Non-cash investing activities:      
Accrued purchases of property and equipment 24,999 26,591 22,241
Capitalized equity-based compensation 181 126 66
Non-cash financing activities:      
Establishment of liabilities under tax receivable agreement $ 720 $ 844 $ 1,093
v3.24.0.1
COMMITMENTS AND CONTINGENCIES (Details) - USD ($)
 3 Months Ended 12 Months Ended
Dec. 27, 2023
Dec. 27, 2023
Mar. 29, 2023
Dec. 28, 2022
Sep. 25, 2019
Loss Contingencies [Line Items]          
Litigation settlement expense   $ 900,000      
Loss contingency accrual     $ 900,000    
Loss contingency accrual, period increase (decrease) $ (385,000)        
Percentage of tax benefits due to equity owners 85.00% 85.00%      
Establishment of liabilities under tax receivable agreement $ 235,613,000 $ 235,613,000   $ 234,893,000  
Retail site          
Loss Contingencies [Line Items]          
Letters of credit outstanding $ 130,000 $ 130,000      
Office Building          
Loss Contingencies [Line Items]          
Letters of credit outstanding         $ 402,000
v3.24.0.1
RELATED PARTY TRANSACTIONS - Additional Information (Details)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
USD ($)
renewal_option
Dec. 28, 2022
USD ($)
Dec. 29, 2021
USD ($)
Related Party Transaction [Line Items]      
Percentage of tax benefits due to equity owners 85.00%    
Payments to related parties | $ $ 0 $ 0 $ 0
Related Party | Hudson Yards Catering ("HYC")      
Related Party Transaction [Line Items]      
Master license agreement, number of renewal terms | renewal_option 5    
Renewal option period 5 years    
v3.24.0.1
RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Details) - USD ($)
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Related Party Transaction [Line Items]                  
Revenue from Contract with Customer, Excluding Assessed Tax $ 276,207,000 $ 271,805,000 $ 253,278,000 $ 227,814,000 $ 230,752,000 $ 203,391,000 $ 1,087,533,000 $ 900,486,000 $ 739,893,000
Accounts receivable, net 13,889,000 14,332,000 14,175,000 11,800,000 11,936,000 11,755,000 16,847,000 13,877,000  
Occupancy and related expenses 20,300,000 19,801,000 18,583,000 17,337,000 16,657,000 16,276,000 79,846,000 68,508,000 59,228,000
Other operating expenses 37,307,000 36,109,000 34,936,000 33,680,000 32,151,000 30,171,000 149,449,000 129,650,000 102,032,000
Accounts payable $ 21,251,000 $ 17,005,000 $ 16,002,000 $ 17,210,000 $ 16,420,000 $ 13,395,000 22,273,000 20,407,000  
Hudson Yards Catering ("HYC") | Related Party                  
Related Party Transaction [Line Items]                  
Revenue from Contract with Customer, Excluding Assessed Tax             988,000 802,000 320,000
Accounts receivable, net             57,000 69,000  
Madison Square Park Conservancy ("MSP Conservancy") | Related Party                  
Related Party Transaction [Line Items]                  
Occupancy and related expenses             898,000 1,224,000 863,000
Accounts payable             0 0  
Olo, Inc. | Related Party                  
Related Party Transaction [Line Items]                  
Other operating expenses             595,000 431,000 406,000
Accounts payable             116,000 39,000  
Block, Inc. | Related Party                  
Related Party Transaction [Line Items]                  
Other operating expenses             8,688,000 4,337,000 $ 2,844,000
Accounts payable             $ 59,000 $ 55,000  
v3.24.0.1
RELATED PARTY TRANSACTIONS - Tax Receivable Agreement (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Related Party Transactions [Abstract]      
Percentage of tax benefits due to equity owners 85.00%    
Payments to related parties $ 0 $ 0 $ 0
Establishment of liabilities under tax receivable agreement $ 235,613 $ 234,893  
v3.24.0.1
RELATED PARTY TRANSACTIONS - Distributions to Members of SSE Holdings (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Related Party Transactions [Abstract]      
Distributions paid to non-controlling interest holders $ 162 $ 410 $ 968
v3.24.0.1
GEOGRAPHIC INFORMATION (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]                  
Revenue from Contract with Customer, Excluding Assessed Tax $ 276,207 $ 271,805 $ 253,278 $ 227,814 $ 230,752 $ 203,391 $ 1,087,533 $ 900,486 $ 739,893
United States                  
Revenues from External Customers and Long-Lived Assets [Line Items]                  
Revenue from Contract with Customer, Excluding Assessed Tax             1,056,753 875,047 718,128
Other countries                  
Revenues from External Customers and Long-Lived Assets [Line Items]                  
Revenue from Contract with Customer, Excluding Assessed Tax             $ 30,780 $ 25,439 $ 21,765
v3.24.0.1
SCHEDULE I: CONDENSED FINANCIAL INFORMATION OF REGISTRANT - CONDENSED BALANCE SHEET (Details) - USD ($)
$ / shares in Units, $ in Thousands
Dec. 27, 2023
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Dec. 28, 2022
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 29, 2021
Dec. 30, 2020
Current assets:                    
Prepaid expenses $ 5,641       $ 3,815          
Total current assets 334,432 $ 323,236 $ 329,518 $ 330,074 343,988 $ 367,055 $ 387,575 $ 386,617    
Deferred income taxes, net 326,208 319,244 319,113 318,626 317,626 321,181 319,435 318,371 $ 312,873  
TOTAL ASSETS 1,605,857 1,581,944 1,549,904 1,524,003 1,511,950 1,515,972 1,494,285 1,463,933 1,471,775  
Current liabilities:                    
Accounts payable 22,273 21,251 17,005 16,002 20,407 17,210 16,420 13,395    
Accrued expenses 54,742 47,630 50,588 45,677 47,945 49,387 40,013 38,997    
Due to SSE Holdings 17,103 17,522 17,881 18,117 19,552 19,497 20,261 20,586    
Total current liabilities 164,067 152,177 150,185 143,052 147,718 144,542 133,909 125,961    
Long-term debt 245,636 245,375 245,113 244,851 244,589 244,328 244,066 243,804    
Liabilities under tax receivable agreement, net of current portion 235,613 235,614 235,361 235,361 234,893 234,892 234,862 234,273    
Total liabilities 1,136,487 1,122,858 1,101,457 1,087,010 1,075,114 1,073,515 1,052,444 1,024,469    
Commitments and contingencies    
Stockholders' equity:                    
Preferred stock 0 0 0 0 0 0 0 0    
Additional paid-in capital 426,601 423,849 421,394 417,489 415,649 413,291 410,537 406,998 405,957  
Retained earnings (accumulated deficit) 16,777 9,554 1,927 (5,021) (3,487) 4,368 6,392 7,580 17,742  
Accumulated other comprehensive loss (3) (3) (4) (4) 0 (1) (1) 0    
Total stockholders' equity 469,370 459,086 448,447 436,993 436,836 442,457 441,841 439,464 449,805 $ 444,587
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,605,857 $ 1,581,944 $ 1,549,904 $ 1,524,003 $ 1,511,950 $ 1,515,972 $ 1,494,285 $ 1,463,933 $ 1,471,775  
Preferred stock, par value (in dollars per share) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0    
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000    
Preferred stock, shares issued (in shares) 0 0 0 0 0 0 0 0    
Preferred stock, shares outstanding (in shares) 0 0 0 0 0 0 0 0    
Class A Common Stock                    
Stockholders' equity:                    
Common stock $ 39 $ 39 $ 39 $ 39 $ 39 $ 39 $ 39 $ 39    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001    
Common stock, shares authorized (in shares) 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000    
Common stock, shares, issued (in shares) 39,474,315 39,466,268 39,449,246 39,404,905 39,284,998 39,279,699 39,266,670 39,218,290    
Common stock, shares, outstanding (in shares) 39,474,315 39,466,268 39,449,246 39,404,905 39,284,998 39,279,699 39,266,670 39,218,290    
Class B Common Stock                    
Stockholders' equity:                    
Common stock $ 3 $ 3 $ 3 $ 3 $ 3 $ 3 $ 3 $ 3    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001    
Common stock, shares authorized (in shares) 35,000,000 35,000,000 35,000,000 35,000,000 35,000,000 35,000,000 35,000,000 35,000,000    
Common stock, shares, issued (in shares) 2,834,513 2,834,513 2,844,513 2,844,513 2,869,513 2,869,513 2,871,513 2,911,587    
Common stock, shares, outstanding (in shares) 2,834,513 2,834,513 2,844,513 2,844,513 2,869,513 2,869,513 2,871,513 2,911,587    
Parent Company                    
Current assets:                    
Cash $ 6,672       $ 7,152          
Prepaid expenses 63       62          
Total current assets 6,735       7,214          
Deferred income taxes, net 328,870       324,113          
Investment in SSE Holdings 362,296       337,939          
TOTAL ASSETS 935,960       887,542          
Current liabilities:                    
Accounts payable 146       39          
Accrued expenses 621       113          
Total current liabilities 22,794       17,127          
Long-term debt 245,636       244,589          
Liabilities under tax receivable agreement, net of current portion 235,613       234,893          
Total liabilities 504,043       496,609          
Commitments and contingencies                
Stockholders' equity:                    
Preferred stock 0       0          
Additional paid-in capital 426,601       415,649          
Retained earnings (accumulated deficit) 5,277       (24,758)          
Accumulated other comprehensive loss (3)       0          
Total stockholders' equity 431,917       390,933          
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 935,960       $ 887,542          
Preferred stock, par value (in dollars per share) $ 0       $ 0          
Preferred stock, shares authorized (in shares) 10,000,000       10,000,000          
Preferred stock, shares issued (in shares) 0       0          
Preferred stock, shares outstanding (in shares) 0       0          
Parent Company | Affiliated Entity                    
Current assets:                    
Notes receivable $ 216,946       $ 209,013          
Parent Company | Affiliated Entity | Conversion Option                    
Current assets:                    
Notes receivable 12,900       6,300          
Parent Company | Related Party                    
Current assets:                    
Notes receivable 8,213       2,963          
Current liabilities:                    
Due to SSE Holdings 22,027       16,975          
Parent Company | Class A Common Stock                    
Stockholders' equity:                    
Common stock $ 39       $ 39          
Common stock, par value (in dollars per share) $ 0.001       $ 0.001          
Common stock, shares authorized (in shares) 200,000,000       200,000,000          
Common stock, shares, issued (in shares) 39,284,998       39,142,397          
Common stock, shares, outstanding (in shares) 39,284,998       39,142,397          
Parent Company | Class B Common Stock                    
Stockholders' equity:                    
Common stock $ 3       $ 3          
Common stock, par value (in dollars per share) $ 0.001       $ 0.001          
Common stock, shares authorized (in shares) 35,000,000       35,000,000          
Common stock, shares, issued (in shares) 2,869,513       2,921,587          
Common stock, shares, outstanding (in shares) 2,869,513       2,921,587          
v3.24.0.1
SCHEDULE I: CONDENSED FINANCIAL INFORMATION OF REGISTRANT - CONDENSED STATEMENTS OF INCOME (LOSS) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Condensed Income Statements, Captions [Line Items]                  
TOTAL REVENUE $ 276,207 $ 271,805 $ 253,278 $ 227,814 $ 230,752 $ 203,391 $ 1,087,533 $ 900,486 $ 739,893
General and administrative expenses 30,939 31,476 31,311 26,931 29,487 31,386 129,542 120,009 87,196
TOTAL EXPENSES 270,550 267,057 256,467 232,640 231,571 218,326 1,081,612 927,380 755,746
INCOME (LOSS) FROM OPERATIONS 5,657 4,748 (3,189) (4,826) (819) (14,935) 5,921 (26,894) (15,853)
Other income (expense), net 3,441 3,227 2,837 1,482 538 (289) 12,776 4,127 95
Interest expense (433) (405) (403) (475) (315) (355) (1,717) (1,518) (1,577)
INCOME (LOSS) BEFORE INCOME TAXES 8,665 7,570 (755) (3,819) (596) (15,579) 16,980 (24,285) (17,335)
Income tax benefit 529 347 867 (1,508) 707 (4,297) (4,010) (1,180) (11,318)
Net income (loss) (including amounts attributable to non-controlling interests) $ 8,136 $ 7,223 $ (1,622) $ (2,311) $ (1,303) $ (11,282) 20,990 (23,105) (6,017)
Parent Company                  
Condensed Income Statements, Captions [Line Items]                  
Intercompany revenue             7,971 2,293 2,878
TOTAL REVENUE             7,971 2,293 2,878
General and administrative expenses             6,663 3,132 2,491
Intercompany expenses             54 67 0
TOTAL EXPENSES             6,717 3,199 2,491
INCOME (LOSS) FROM OPERATIONS             1,254 (906) 387
Equity in net income (loss) from SSE Holdings             10,091 (25,335) (19,393)
Other income (expense), net             14,533 (1,767) (25,593)
Interest expense             (1,047) (1,047) (867)
INCOME (LOSS) BEFORE INCOME TAXES             24,831 (29,055) (45,466)
Income tax benefit             (5,203) (5,783) (21,677)
Net income (loss) (including amounts attributable to non-controlling interests)             $ 30,034 $ (23,272) $ (23,789)
v3.24.0.1
SCHEDULE I: CONDENSED FINANCIAL INFORMATION OF REGISTRANT - CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Details) - USD ($)
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Condensed Statement of Income Captions [Line Items]                  
Net income (loss) $ 8,136,000 $ 7,223,000 $ (1,622,000) $ (2,311,000) $ (1,303,000) $ (11,282,000) $ 20,990,000 $ (23,105,000) $ (6,017,000)
Other comprehensive income (loss), net of tax:                  
Change in foreign currency translation adjustment   $ 0 $ (4,000)   $ (1,000) $ (1,000) (3,000) (1,000) (2,000)
OTHER COMPREHENSIVE LOSS             (3,000) (1,000) (2,000)
COMPREHENSIVE INCOME (LOSS)             20,987,000 (23,106,000) (6,019,000)
Income tax benefit [1]             0 0 0
Parent Company                  
Condensed Statement of Income Captions [Line Items]                  
Net income (loss)             30,034,000 (23,272,000) (23,789,000)
Other comprehensive income (loss), net of tax:                  
Change in foreign currency translation adjustment             (3,000) (1,000) (2,000)
OTHER COMPREHENSIVE LOSS             (3,000) (1,000) (2,000)
COMPREHENSIVE INCOME (LOSS)             $ 30,031,000 $ (23,273,000) $ (23,791,000)
[1] Net of tax benefit of $0 for fiscal years ended December 27, 2023, December 28, 2022 and December 29, 2021.
v3.24.0.1
SCHEDULE I: CONDENSED FINANCIAL INFORMATION OF REGISTRANT - STATEMENTS OF CASH FLOWS (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
OPERATING ACTIVITIES                  
Net income (loss) $ 8,136 $ 7,223 $ (1,622) $ (2,311) $ (1,303) $ (11,282) $ 20,990 $ (23,105) $ (6,017)
Adjustments to reconcile net income (loss) to net cash used in operating activities:                  
Amortization of debt issuance costs             (1,047) (1,047) (867)
Equity-based compensation             14,888 13,326 8,703
Deferred income taxes             (9,074) (5,014) (14,473)
Unrealized loss on equity securities             0 (158) (277)
Other non-cash income             0 0 (2)
Changes in operating assets and liabilities:                  
Prepaid expenses and other current assets             (2,253) (2,473) 4,913
Accounts payable             687 3,541 (6,450)
Accrued expenses             9,513 3,502 7,175
NET CASH PROVIDED BY OPERATING ACTIVITIES             132,139 76,742 58,404
INVESTING ACTIVITIES                  
NET CASH USED IN INVESTING ACTIVITIES             (132,320) (143,424) (144,890)
FINANCING ACTIVITIES                  
Proceeds from issuance of convertible notes, net of discount             0 0 243,750
Proceeds from stock option exercises             744 424 6,731
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES             (5,684) (5,202) 242,021
DECREASE IN CASH             (5,868) (71,885) 155,533
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 203,697 293,430 230,521 278,332 279,251   230,521    
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 190,020 $ 203,697 293,430 $ 256,998 $ 278,332 279,251 224,653 230,521  
Parent Company                  
OPERATING ACTIVITIES                  
Net income (loss)             30,034 (23,272) (23,789)
Adjustments to reconcile net income (loss) to net cash used in operating activities:                  
Equity in net (income) loss from SSE Holdings             (10,091) 25,335 19,393
Amortization of debt issuance costs             1,047 1,047 867
Equity-based compensation             894 614 526
Deferred income taxes             (5,249) (5,783) (21,677)
Unrealized loss on equity securities             (6,600) 9,700 32,200
Other non-cash income             (7,933) (7,934) (6,609)
Changes in operating assets and liabilities:                  
Prepaid expenses and other current assets             (1) 2 (19)
Due to SSE Holdings             (3,944) (728) (8,229)
Accounts payable             107 30 6
Accrued expenses             512 (104) 118
NET CASH PROVIDED BY OPERATING ACTIVITIES             (1,224) (1,093) (7,213)
INVESTING ACTIVITIES                  
Purchases of LLC Interests from SSE Holdings             (11,731) (7,619) (41,875)
Loan to SSE Holdings             0 0 (243,750)
NET CASH USED IN INVESTING ACTIVITIES             (11,731) (7,619) (285,625)
FINANCING ACTIVITIES                  
Proceeds from issuance of convertible notes, net of discount             0 0 243,750
Debt issuance costs             0 0 (1,075)
Proceeds from issuance of Class A common stock to SSE Holdings upon settlement of equity awards             11,731 7,619 41,875
Proceeds from stock option exercises             744 424 6,640
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES             12,475 8,043 291,190
DECREASE IN CASH             (480) (669) (1,648)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD     $ 7,152     $ 7,821 7,152 7,821 9,469
CASH AND CASH EQUIVALENTS AT END OF PERIOD             $ 6,672 $ 7,152 $ 7,821
v3.24.0.1
SCHEDULE I: CONDENSED FINANCIAL INFORMATION OF REGISTRANT - NOTES TO CONDENSED FINANCIAL STATEMENTS (Details) - USD ($)
 3 Months Ended 12 Months Ended
Sep. 27, 2023
Jun. 28, 2023
Mar. 29, 2023
Sep. 28, 2022
Jun. 29, 2022
Mar. 30, 2022
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Mar. 31, 2021
Dec. 26, 2020
Condensed Financial Statements, Captions [Line Items]                      
Deferred income taxes, net $ 319,244,000 $ 319,113,000 $ 318,626,000 $ 321,181,000 $ 319,435,000 $ 318,371,000 $ 326,208,000 $ 317,626,000 $ 312,873,000    
Other current liabilities 17,522,000 17,881,000 18,117,000 19,497,000 20,261,000 20,586,000 17,103,000 19,552,000      
Liabilities under tax receivable agreement, net of current portion 235,614,000 235,361,000 235,361,000 234,892,000 234,862,000 234,273,000 235,613,000 234,893,000      
Other income, net 3,441,000 3,227,000 2,837,000 1,482,000 538,000 (289,000) 12,776,000 4,127,000 95,000    
Income tax benefit 529,000 347,000 867,000 (1,508,000) 707,000 (4,297,000) (4,010,000) (1,180,000) (11,318,000)    
Net income (loss)             20,264,000 (21,229,000) (4,561,000)    
Additional paid-in capital 423,849,000 421,394,000 417,489,000 413,291,000 410,537,000 406,998,000 426,601,000 415,649,000 405,957,000    
Retained earnings (accumulated deficit) 9,554,000 1,927,000 (5,021,000) 4,368,000 6,392,000 7,580,000 16,777,000 (3,487,000) 17,742,000    
Net income (loss) 8,136,000 7,223,000 (1,622,000) (2,311,000) (1,303,000) (11,282,000) 20,990,000 (23,105,000) (6,017,000)    
Deferred income taxes             (9,074,000) (5,014,000) (14,473,000)    
Accrued expenses             9,513,000 3,502,000 7,175,000    
Net cash provided by Operating activities             $ 132,139,000 76,742,000 58,404,000    
Percentage of tax benefits due to equity owners             85.00%        
Income taxes, net of refunds             $ 4,056,000 3,731,000 2,808,000    
Establishment of liabilities under tax receivable agreement             720,000 844,000 1,093,000    
Private Placement | 0% Convertible Senior Notes Due 2028 | Senior Notes                      
Condensed Financial Statements, Captions [Line Items]                      
Aggregate principal amount                   $ 250,000,000  
Interest rate (in percent)                   0.00%  
Impact of Adjustment                      
Condensed Financial Statements, Captions [Line Items]                      
Deferred income taxes, net 17,088,000 17,088,000 17,088,000 14,205,000 14,205,000 14,205,000   17,088,000 14,205,000    
Other current liabilities 0 0 0 0 0 0          
Liabilities under tax receivable agreement, net of current portion 0 0 0 0 0 0          
Income tax benefit               (2,862,000) (4,094,000)    
Income tax expense               2,862,000      
Retained earnings and deferred tax assets                     $ 10,094,000
Additional paid-in capital 38,000 38,000 38,000 17,000 17,000 17,000   38,000 17,000    
Retained earnings (accumulated deficit) 17,050,000 17,050,000 17,050,000 14,188,000 14,188,000 14,188,000   17,050,000 14,188,000    
Net income (loss)               2,862,000 4,094,000    
Deferred income taxes               (1,657,000) (4,094,000)    
Accrued expenses               (1,205,000) 0    
Net cash provided by Operating activities               0 0    
As previously reported                      
Condensed Financial Statements, Captions [Line Items]                      
Deferred income taxes, net 302,156,000 302,025,000 301,538,000 306,976,000 305,230,000 304,166,000   300,538,000 298,668,000    
Other current liabilities 17,522,000 17,881,000 18,117,000 19,497,000 20,261,000 20,586,000          
Liabilities under tax receivable agreement, net of current portion 235,614,000 235,361,000 235,361,000 234,892,000 234,862,000 234,273,000          
Income tax benefit               1,682,000 (7,224,000)    
Additional paid-in capital 423,811,000 421,356,000 417,451,000 413,274,000 410,520,000 406,981,000   415,611,000 405,940,000    
Retained earnings (accumulated deficit) $ (7,496,000) $ (15,123,000) $ (22,071,000) $ (9,820,000) $ (7,796,000) (6,608,000)   (20,537,000) 3,554,000    
Net income (loss)               (25,967,000) (10,111,000)    
Deferred income taxes               (3,357,000) (10,379,000)    
Accrued expenses               4,707,000 7,175,000    
Net cash provided by Operating activities               76,742,000 58,404,000    
Parent Company                      
Condensed Financial Statements, Captions [Line Items]                      
Deferred income taxes, net             328,870,000 324,113,000      
Liabilities under tax receivable agreement, net of current portion             235,613,000 234,893,000      
Intercompany revenue             7,971,000 2,293,000 2,878,000    
Equity in net income (loss) from SSE Holdings             10,091,000 (25,335,000) (19,393,000)    
Other income, net             14,533,000 (1,767,000) (25,593,000)    
Income tax benefit             (5,203,000) (5,783,000) (21,677,000)    
Additional paid-in capital             426,601,000 415,649,000      
Retained earnings (accumulated deficit)             5,277,000 (24,758,000)      
Net income (loss)             30,034,000 (23,272,000) (23,789,000)    
Deferred income taxes             (5,249,000) (5,783,000) (21,677,000)    
Accrued expenses             512,000 (104,000) 118,000    
Net cash provided by Operating activities             $ (1,224,000) (1,093,000) (7,213,000)    
Percentage of tax benefits due to equity owners             85.00%        
Accrued contribution related to stock option exercises             $ 744,000 424,000 6,731,000    
Non-cash contribution made in connection with equity awards granted to employees of SSE Holdings             10,305,000 6,988,000 11,468,000    
Parent Company | Class A Common Stock | Secondary Offering and Redemption of Units                      
Condensed Financial Statements, Captions [Line Items]                      
Class A common stock issued in connection with the acquisition of LLC Interests upon redemption by the non-controlling interest holders             265,000 313,000 33,000    
Parent Company | Related Party                      
Condensed Financial Statements, Captions [Line Items]                      
Notes receivable             8,213,000 2,963,000      
Other current liabilities             22,027,000 16,975,000      
Parent Company | Affiliated Entity                      
Condensed Financial Statements, Captions [Line Items]                      
Notes receivable             216,946,000 209,013,000      
Parent Company | Affiliated Entity | Conversion Option                      
Condensed Financial Statements, Captions [Line Items]                      
Notes receivable             12,900,000 6,300,000      
Parent Company | Consolidation, Eliminations                      
Condensed Financial Statements, Captions [Line Items]                      
Deferred income taxes, net             4,289,000 8,004,000      
Intercompany revenue             7,971,000 2,293,000 2,878,000    
Equity in net income (loss) from SSE Holdings             10,091,000 (25,335,000) (19,393,000)    
Other income, net             14,533,000 (1,767,000) (25,593,000)    
Income tax benefit             3,715,000 (769,000) (7,234,000)    
Income taxes, net of refunds             9,000 0 19,000    
Establishment of liabilities under tax receivable agreement             720,000 844,000 1,093,000    
Parent Company | Consolidation, Eliminations | Related Party                      
Condensed Financial Statements, Captions [Line Items]                      
Notes receivable             8,213,000 2,963,000      
Other current liabilities             22,027,000 16,975,000      
Parent Company | Consolidation, Eliminations | Affiliated Entity                      
Condensed Financial Statements, Captions [Line Items]                      
Notes receivable             216,946,000 209,013,000      
Parent Company | Consolidation, Eliminations | Affiliated Entity | Conversion Option                      
Condensed Financial Statements, Captions [Line Items]                      
Notes receivable             12,900,000 6,300,000      
Parent Company | Intersegment Eliminations                      
Condensed Financial Statements, Captions [Line Items]                      
Fair value of receivable             12,900,000 6,300,000      
Unrealized loss on receivable             6,600,000 (9,700,000) (32,200,000)    
Interest income             $ 7,933,000 7,933,000 6,605,000    
Parent Company | Intersegment Eliminations | Related Party                      
Condensed Financial Statements, Captions [Line Items]                      
Notes receivable           $ 250,000          
Parent                      
Condensed Financial Statements, Captions [Line Items]                      
Deferred income taxes, net               324,113,000 318,647,000    
Income tax benefit               (5,783,000) (21,677,000)    
Net income (loss)               (23,272,000) (23,789,000)    
Additional paid-in capital               415,649,000 405,957,000    
Retained earnings (accumulated deficit)               (24,758,000) (1,486,000)    
Net income (loss)               (23,272,000) (23,789,000)    
Deferred income taxes               (5,783,000) (21,677,000)    
Accrued expenses               (104,000) 118,000    
Net cash provided by Operating activities               (1,093,000) (7,213,000)    
Parent | Impact of Adjustment                      
Condensed Financial Statements, Captions [Line Items]                      
Deferred income taxes, net               17,088,000 14,205,000    
Income tax benefit               (2,862,000) (4,094,000)    
Net income (loss)               2,862,000 4,094,000    
Income tax expense               2,862,000      
Retained earnings and deferred tax assets                     $ 10,094,000
Additional paid-in capital               38,000 17,000    
Retained earnings (accumulated deficit)               17,050,000 14,188,000    
Net income (loss)               2,862,000 4,094,000    
Deferred income taxes               (1,657,000) (4,094,000)    
Accrued expenses               (1,205,000) 0    
Net cash provided by Operating activities               0 0    
Parent | As previously reported                      
Condensed Financial Statements, Captions [Line Items]                      
Deferred income taxes, net               307,025,000 304,442,000    
Income tax benefit               (2,921,000) (17,583,000)    
Net income (loss)               (26,134,000) (27,883,000)    
Additional paid-in capital               415,611,000 405,940,000    
Retained earnings (accumulated deficit)               (41,808,000) (15,674,000)    
Net income (loss)               (26,134,000) (27,883,000)    
Deferred income taxes               (4,126,000) (17,583,000)    
Accrued expenses               1,101,000 118,000    
Net cash provided by Operating activities               $ (1,093,000) $ (7,213,000)    
v3.24.0.1
SCHEDULE II: VALUATION AND QUALIFYING ACCOUNTS (Details) - Deferred tax asset valuation allowance - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance at beginning of period $ 9,560 $ 5,173 $ 2,656
Charged to costs and expenses (9,203) 4,955 (6,063)
Charged to other accounts 0 (568) 8,580
Reductions 0 0 0
Balance at end of period $ 357 $ 9,560 $ 5,173