Domino's Pizza (DPZ) 10-Q 29 Apr 24 2025 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 24, 2024	Apr. 22, 2024
Cover [Abstract]
Document Type	10-Q
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Entity Central Index Key	0001286681
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Document Period End Date	Mar. 24, 2024
Entity Registrant Name	Domino’s Pizza, Inc.
Securities Act File Number	001-32242
Current Fiscal Year End Date	--12-31
Entity Tax Identification Number	38-2511577
Entity Incorporation, State or Country Code	DE
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Address, Address Line One	30 Frank Lloyd Wright Drive
Entity Address, City or Town	Ann Arbor
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48105
City Area Code	734
Local Phone Number	930-3030
Trading Symbol	DPZ
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock
Entity Common Stock, Shares Outstanding		34,880,217

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 24, 2024	Dec. 31, 2023	[1]
Current assets:
Cash and cash equivalents	$ 203,894	$ 114,098
Restricted cash and cash equivalents	209,752	200,870
Accounts receivable, net	285,609	282,809
Inventories	76,086	82,964
Prepaid expenses and other	42,143	30,215
Advertising fund assets, restricted	76,982	106,335
Total current assets	894,466	817,291
Property, plant and equipment:
Land and buildings	108,689	108,791
Leasehold and other improvements	178,208	176,817
Equipment	370,203	364,620
Construction in progress	20,694	24,505
Property, plant and equipment, Gross	677,794	674,733
Accumulated depreciation and amortization	(380,556)	(370,368)
Property, plant and equipment, net	297,238	304,365
Other assets:
Operating lease right-of-use assets	212,251	207,323
Goodwill	11,614	11,688
Capitalized software, net	141,103	134,105
Investment in DPC Dash	124,854	143,553
Deferred income tax assets, net	17,448	13,680
Other assets	45,768	42,894
Total other assets	553,038	553,243
Total assets	1,744,742	1,674,899
Current liabilities:
Current portion of long-term debt	4,866	56,366
Accounts payable	111,678	106,267
Operating lease liabilities	39,942	39,330
Insurance reserves	27,304	28,135
Dividends payable	54,125	1,514
Advertising fund liabilities	75,134	104,246
Other accrued liabilities	196,544	211,492
Total current liabilities	509,593	547,350
Long-term liabilities:
Long-term debt, less current portion	4,973,812	4,934,062
Operating lease liabilities	184,691	179,548
Insurance reserves	37,890	38,559
Other accrued liabilities	47,086	45,747
Total long-term liabilities	5,243,479	5,197,916
Stockholders' deficit
Common stock	348	347
Additional paid-in capital	1,191	2,801
Retained deficit	(4,004,877)	(4,069,648)
Accumulated other comprehensive loss	(4,992)	(3,867)
Total stockholders' deficit	(4,008,330)	(4,070,367)
Total liabilities and stockholders' deficit	$ 1,744,742	$ 1,674,899
[1] The condensed consolidated balance sheet at December 31, 2023 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 24, 2024	Mar. 26, 2023
Revenues:
Revenue	$ 1,084,647	$ 1,024,398
Cost of sales:
Cost of sales	662,777	638,851
Gross margin	421,870	385,547
General and administrative	101,024	95,189
U.S. franchise advertising	110,300	112,726
Refranchising loss	133	149
Income from operations	210,413	177,483
Other expense	(18,699)	0
Interest income	3,739	2,391
Interest expense	(45,846)	(46,547)
Income before provision for income taxes	149,607	133,327
Provision for income taxes	23,783	28,557
Net income	$ 125,824	$ 104,770
Earnings per share:
Common stock - basic	$ 3.62	$ 2.96
Common stock - diluted	$ 3.58	$ 2.93
U.S. Stores [Member] | U.S. Company-owned stores [Member]
Revenues:
Revenue	$ 92,649	$ 84,911
Cost of sales:
Cost of sales	76,458	70,572
U.S. Stores [Member] | U.S. franchise stores [Member]
Revenues:
Revenue	150,518	132,864
U.S. Stores [Member] | U.S. franchise advertising [Member]
Revenues:
Revenue	110,300	112,726
Supply Chain [Member] | Supply Chain Center [Member]
Revenues:
Revenue	659,214	624,226
Cost of sales:
Cost of sales	586,319	568,279
International Franchise [Member] | International franchise royalties and fees [Member]
Revenues:
Revenue	$ 71,966	$ 69,671

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 24, 2024	Mar. 26, 2023
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ 125,824	$ 104,770
Currency translation adjustment	(1,125)	(451)
Comprehensive income	$ 124,699	$ 104,319

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 24, 2024		Mar. 26, 2023
Cash flows from operating activities:
Net Income (Loss)	$ 125,824		$ 104,770
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	19,869		18,170
Refranchising loss	133		149
Loss on sale/disposal of assets	90		275
Amortization of debt issuance costs	1,266		1,292
Benefit for deferred income taxes	(3,757)		(3,439)
Non-cash equity-based compensation expense	11,338		7,538
Excess tax (benefits) deficiencies from equity-based compensation	(8,104)		298
(Benefit) provision for losses on accounts and notes receivable	(8)		572
Unrealized loss on investments	18,699		0
Changes in operating assets and liabilities	(9,961)		7,388
Changes in advertising fund assets and liabilities, restricted	(31,925)		(22,331)
Net cash provided by operating activities	123,464		114,682
Cash flows from investing activities:
Capital expenditures	(20,181)		(19,031)
Other	(1,305)		(572)
Net cash used in investing activities	(21,486)		(19,603)
Cash flows from financing activities:
Repayments of long-term debt and finance lease obligations	(13,525)		(13,899)
Proceeds from exercise of stock options	10,774		343
Purchases of common stock	(25,000)		(30,083)
Tax payments for restricted stock upon vesting	(6,700)		(1,553)
Payments of common stock dividends and equivalents	(343)		(89)
Net cash used in financing activities	(34,794)		(45,281)
Effect of exchange rate changes on cash	(672)		(186)
Change in cash and cash equivalents, restricted cash and cash equivalents	66,512		49,612
Cash and cash equivalents, beginning of period	114,098	[1]	60,356
Restricted cash and cash equivalents, beginning of period	200,870	[1]	191,289
Cash and cash equivalents included in advertising fund assets, restricted, beginning of period	88,165		143,559
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, beginning of period	403,133		395,204
Cash and cash equivalents, end of period	203,894		154,193
Restricted cash and cash equivalents, end of period	209,752		170,798
Cash and cash equivalents included in advertising fund assets, restricted, end of period	55,999		119,825
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, end of period	$ 469,645		$ 444,816
[1] The condensed consolidated balance sheet at December 31, 2023 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 24, 2024	Mar. 26, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 125,824	$ 104,770

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 24, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 24, 2024
Accounting Policies [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. For further information, refer to the consolidated financial statements and footnotes for the fiscal year ended December 31, 2023 included in the Company’s 2023 Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 26, 2024 (the “2023 Form 10-K”). In the opinion of management, all adjustments, consisting of normal recurring items, considered necessary for a fair statement have been included. Operating results for the first quarter ended March 24, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending December 29, 2024 .

Segment Information

Segment Information	3 Months Ended
	Mar. 24, 2024
Segment Reporting [Abstract]
Segment Information	2. Segment Information The tables below summarize the financial information concerning the Company’s reportable segments for the first quarters of 2024 and 2023. Intersegment revenues are comprised of sales of food, equipment and supplies from the supply chain segment to the Company-owned stores in the U.S. stores segment. Intersegment sales prices are market based. The “Other” column as it relates to Segment Income below primarily includes corporate administrative costs that are not allocable to a reportable segment, including labor, computer expenses, professional fees, travel and entertainment, rent, insurance and other corporate administrative costs. Fiscal Quarters Ended March 24, 2024 and March 26, 2023 U.S. Supply International Intersegment Stores Chain Franchise Revenues Other Total Revenues 2024 $ 353,467 $ 686,642 $ 71,966 $ ( 27,428 ) $ — $ 1,084,647 2023 330,501 650,124 69,671 ( 25,898 ) — 1,024,398 Segment Income 2024 $ 136,108 $ 64,576 $ 59,332 N/A $ ( 18,173 ) $ 241,843 2023 112,683 48,515 58,139 N/A ( 15,722 ) 203,615 The following table reconciles total Segment Income to consolidated income before provision for income taxes. Fiscal Quarter Ended March 24, March 26, 2024 2023 Total Segment Income $ 241,843 $ 203,615 Depreciation and amortization ( 19,869 ) ( 18,170 ) Refranchising loss ( 133 ) ( 149 ) Loss on sale/disposal of assets ( 90 ) ( 275 ) Non-cash equity-based compensation expense ( 11,338 ) ( 7,538 ) Income from operations 210,413 177,483 Other expense ( 18,699 ) — Interest income 3,739 2,391 Interest expense ( 45,846 ) ( 46,547 ) Income before provision for income taxes $ 149,607 $ 133,327

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 24, 2024
Earnings Per Share [Abstract]
Earnings Per Share	3. Earnings Per Share Fiscal Quarter Ended March 24, March 26, 2024 2023 Net income available to common stockholders - basic and diluted $ 125,824 $ 104,770 Basic weighted average number of shares 34,800,310 35,391,624 Earnings per share – basic $ 3.62 $ 2.96 Diluted weighted average number of shares 35,154,232 35,708,938 Earnings per share – diluted $ 3.58 $ 2.93 The denominators used in calculating diluted earnings per share for common stock for the first quarters ended March 24, 2024 and March 26, 2023 do not include the following because the effect of including these shares would be anti-dilutive or because the performance targets for these awards had not yet been met: Fiscal Quarter Ended March 24, March 26, 2024 2023 Anti-dilutive shares underlying stock-based awards Stock options 87,419 231,459 Restricted stock awards and units 51,587 26,975 Performance condition not met Restricted stock awards and units 62,114 60,068

Stockholders' Deficit

Stockholders' Deficit	3 Months Ended
	Mar. 24, 2024
Federal Home Loan Banks [Abstract]
Stockholders' Deficit	4. Stockholders’ Deficit The following table summarizes the changes in stockholders’ deficit for the first quarter of 2024. Accumulated Additional Other Common Stock Paid-in Retained Comprehensive Shares Amount Capital Deficit Loss Balance at December 31, 2023 34,726,182 $ 347 $ 2,801 $ ( 4,069,648 ) $ ( 3,867 ) Net income — — — 125,824 — Dividends declared on common stock and equivalents 1.51 per share) — — — ( 52,954 ) — Issuance and cancellation of stock awards, net 44,053 1 — — — Tax payments for restricted stock upon vesting ( 15,213 ) — ( 6,700 ) — — Purchases of common stock ( 56,372 ) ( 1 ) ( 17,021 ) ( 8,099 ) — Exercise of stock options 103,107 1 10,773 — — Non-cash equity-based compensation expense — — 11,338 — — Currency translation adjustment — — — — ( 1,125 ) Balance at March 24, 2024 34,801,757 $ 348 $ 1,191 $ ( 4,004,877 ) $ ( 4,992 ) Subsequent to the end of the first quarter of 2024, on April 25, 2024 , the Company’s Board of Directors declared a $ 1.51 per share quarterly dividend on its outstanding common stock for shareholders of record as of June 14, 2024 to be paid on June 28, 2024 . The following table summarizes the changes in stockholders’ deficit for the first quarter of 2023. Accumulated Additional Other Common Stock Paid-in Retained Comprehensive Shares Amount Capital Deficit Loss Balance at January 1, 2023 35,419,718 $ 354 $ 9,693 $ ( 4,194,418 ) $ ( 4,694 ) Net income — — — 104,770 — Dividends declared on common stock and equivalents 1.21 per share) — — — ( 43,005 ) — Issuance and cancellation of stock awards, net 14,495 — — — — Tax payments for restricted stock upon vesting ( 5,073 ) — ( 1,553 ) — — Purchases of common stock ( 100,515 ) ( 1 ) ( 14,547 ) ( 15,802 ) — Exercise of stock options 1,508 — 343 — — Non-cash equity-based compensation expense — — 7,538 — — Currency translation adjustment — — — — ( 451 ) Balance at March 26, 2023 35,330,133 $ 353 $ 1,474 $ ( 4,148,455 ) $ ( 5,145 )

Leverage Ratio

Leverage Ratio	3 Months Ended
	Mar. 24, 2024
Leverage Ratio [Abstract]
Leverage Ratio	5. Leverage Ratio In accordance with the Company’s debt agreements, the payment of principal on the outstanding senior notes may be suspended if the Holdco Leverage Ratio is less than or equal to 5.0 x total debt to adjusted EBITDA, as defined in the related agreements, and no catch-up provisions are applicable. As of the end of the first quarter of 2024 , the Company had a Holdco Leverage Ratio of less than 5.0 x, and accordingly, did not make the previously scheduled debt amortization payment for its outstanding notes beginning in the second quarter of 2024. Accordingly, all principal amounts of the Company’s outstanding notes have been classified as long-term debt in the condensed consolidated balance sheet as of March 24, 2024 .

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 24, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	. Fair Value Measurements Fair value measurements enable the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The Company classifies and discloses assets and liabilities carried at fair value in one of the following three categories: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not corroborated by market data. Fair Value of Cash Equivalents and Marketable Securities The fair values of the Company’s cash equivalents and investments in marketable securities are based on quoted prices in active markets for identical assets. Fair Value of Investments The Company holds a non-controlling interest in DPC Dash Ltd (“DPC Dash”), the Company’s master franchisee in China that owns and operates Domino’s Pizza stores in that market. The Company accounts for its investment in DPC Dash as a trading security and records it at fair value at the end of each reporting period, with gains and losses recorded in other income or expense in its condensed consolidated statements of income. As of March 24, 2024 , the fair value of the Company’s investment in 18,101,019 DPC Dash ordinary shares is based on the active exchange quoted price for the equity security of HK$ 53.95 per share (HK: 1405). The Company recorded a negative adjustment to the carrying amount of its investment in DPC Dash of $ 18.7 million in the first quarter of 2024, with the loss recorded in other expense in its condensed consolidated statements of income. The Company did not record any adjustments to the carrying amount of its investment in the first quarter of 2023. The following tables summarize the carrying amounts and fair values of certain assets at March 24, 2024 and December 31, 2023: At March 24, 2024 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Amount Inputs Inputs Inputs Cash equivalents $ 147,754 $ 147,754 $ — $ — Restricted cash equivalents 156,316 156,316 — — Investments in marketable securities 18,518 18,518 — — Advertising fund cash equivalents, restricted 34,738 34,738 — — Investment in DPC Dash 124,854 124,854 — — At December 31, 2023 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Amount Inputs Inputs Inputs Cash equivalents $ 50,732 $ 50,732 $ — $ — Restricted cash equivalents 133,063 133,063 — — Investments in marketable securities 16,720 16,720 — — Advertising fund cash equivalents, restricted 69,199 69,199 — — Investment in DPC Dash 143,553 143,553 — — Fair Value of Debt The estimated fair values of the Company’s fixed rate notes are classified as Level 2 measurements, as the Company estimates the fair value amount by using available market information. The Company obtained quotes from two separate brokerage firms that are knowledgeable about the Company’s fixed rate notes and, at times, trade these notes. The Company also performed its own internal analysis based on the information gathered from public markets, including information on notes that are similar to those of the Company. However, considerable judgment is required to interpret market data to estimate fair value. Accordingly, the fair value estimates presented are not necessarily indicative of the amount that the Company or the noteholders could realize in a current market exchange. The use of different assumptions and/or estimation methodologies may have a material effect on the estimated fair values stated below. Management estimated the approximate fair values of the Company ’s 2015, 2017, 2018, 2019 and 2021 notes as follows: March 24, 2024 December 31, 2023 Principal Amount Fair Value Principal Amount Fair Value 2015 Ten-Year Notes $ 742,000 $ 727,160 $ 744,000 $ 727,632 2017 Ten-Year Notes 940,000 901,460 942,500 895,375 2018 7.5-Year Notes 402,688 392,620 403,750 392,041 2018 9.25-Year Notes 379,000 365,735 380,000 365,180 2019 Ten-Year Notes 648,000 594,216 649,688 591,865 2021 7.5-Year Notes 826,625 735,696 828,750 730,958 2021 Ten-Year Notes 972,500 844,130 975,000 830,700 The Company did not have any outstanding borrowings under its variable funding notes at March 24, 2024 or December 31, 2023 .

Revenue Disclosures

Revenue Disclosures	3 Months Ended
	Mar. 24, 2024
Revenue from Contract with Customer [Abstract]
Revenue Disclosures	7. Revenue Disclosures Contract Liabilities Contract liabilities primarily consist of deferred franchise fees and deferred development fees. Deferred franchise fees and deferred development fees of $ 5.3 million were included in current other accrued liabilities as of both March 24, 2024 and December 31, 2023. Deferred franchise fees and deferred development fees of $ 19.8 million and $ 19.9 million were included in long-term other accrued liabilities as of March 24, 2024 and December 31, 2023, respectively. Changes in deferred franchise fees and deferred development fees for the first quarters of 2024 and 2023 were as follows: Fiscal Quarter Ended March 24, March 26, 2024 2023 Deferred franchise fees and deferred development fees, beginning of period $ 25,195 $ 28,225 Revenue recognized during the period ( 1,364 ) ( 1,448 ) New deferrals due to cash received and other 1,330 1,162 Deferred franchise fees and deferred development fees, end of period $ 25,161 $ 27,939 Advertising Fund Assets As of March 24, 2024, advertising fund assets, restricted of $ 77.0 million consisted of $ 56.0 million of cash and cash equivalents, $ 12.9 million of accounts receivable and $ 8.1 million of prepaid expenses. As of March 24, 2024, advertising fund cash and cash equivalents included $ 1.8 million of cash contributed from U.S. Company-owned stores that had not yet been expended. As of December 31, 2023, advertising fund assets, restricted of $ 106.3 million consisted of $ 88.2 million of cash and cash equivalents, $ 14.0 million of accounts receivable and $ 4.1 million of prepaid expenses. As of December 31, 2023, advertising fund cash and cash equivalents included $ 2.1 million of cash contributed from U.S. Company-owned stores that had not yet been expended. Change in Advertising Fund Contributions and Technology Fees As previously announced, as of March 27, 2023, Domino's National Advertising Fund Inc., the Company’s consolidated not-for-profit advertising subsidiary, effectuated a temporary reduction of 0.25 % to its standard 6.0 % advertising contribution rate, which expired at the beginning of the second quarter of 2024, on March 25, 2024. Additionally, as of March 25, 2025, the Company decreased the U.S. digital per-transaction technology fees that are recognized as the related U.S. franchise retail sales occur by $ 0.04 to $ 0.355 .

Leases

Leases	3 Months Ended
	Mar. 24, 2024
Leases [Abstract]
Leases	8. Leases The Company leases certain retail store and supply chain center locations, vehicles, equipment and its corporate headquarters with expiration dates through 2045. Rent expense totaled $ 21.2 million and $ 19.3 million in the first quarter of 2024 and the first quarter of 2023, respectively. Rent expense includes operating lease cost, as well as expense for non-lease components including common area maintenance, real estate taxes and insurance for the Company’s real estate leases. Rent expense also includes the variable rate per mile driven and fixed maintenance charges for the Company’s supply chain center tractors and trailers and expense for short-term rentals. Rent expense for certain short-term supply chain center tractor and trailer rentals was $ 1.7 million and $ 1.4 million in the first quarter of 2024 and the first quarter of 2023, respectively. Variable rent expense and rent expense for other short-term leases were immaterial in both the first quarter of 2024 and 2023. The components of operating and finance lease cost for the first quarters of 2024 and 2023 were as follows: Fiscal Quarter Ended March 24, March 26, 2024 2023 Operating lease cost $ 11,253 $ 10,808 Finance lease cost: Amortization of right-of-use assets 1,324 1,199 Interest on lease liabilities 984 983 Total finance lease cost $ 2,308 $ 2,182 Supplemental cash flow information related to leases for the first quarters of 2024 and 2023 were as follows: Fiscal Quarter Ended March 24, March 26, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 10,340 $ 10,320 Operating cash flows from finance leases 984 983 Financing cash flows from finance leases 636 1,024 Cash paid for amounts included in the measurement of Operating cash flows from sale leaseback 299 — Financing cash flows from sale leaseback 14 — Right-of-use assets obtained in exchange for lease obligations: Operating leases 16,706 9,305 Finance leases 1,121 872 As of March 24, 2024, the Company had additional leases for certain supply chain real estate and certain supply chain vehicles that had not yet commenced with estimated future minimum rental commitments of $ 155.3 million. These leases are expected to commence in 2024 and 2025 with lease terms of up to 20 years. These undiscounted amounts will be included in the Company’s condensed consolidated balance sheet at the respective commencement dates. The Company has guaranteed lease payments related to certain franchisees’ lease arrangements. The maximum amount of potential future payments under these guarantees was $ 17.0 million and $ 18.5 million as of March 24, 2024 and December 31, 2023 , respectively. The Company does not believe these arrangements have or are likely to have a material effect on its results of operations, financial condition, revenues, expenses or liquidity.

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information	3 Months Ended
	Mar. 24, 2024
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information	. Supplemental Disclosures of Cash Flow Information The Company had non-cash investing activities related to accruals for capital expenditures of $ 6.1 million at March 24, 2024 and $ 6.7 million at December 31, 2023. The Company also had $ 2.7 million and $ 2.6 million in non-cash financing activity related to accruals for excise taxes on share repurchases as of March 24, 2024 and December 31, 2023 , respectively.

Company-owned Store Transaction

Company-owned Store Transactions	3 Months Ended
	Mar. 24, 2024
Business Combinations [Abstract]
Company-owned Store Transactions	. Company-owned Store Transactions During the first quarter of 2024, the Company refranchised one U.S. Company-owned store for proceeds of less than $ 0.1 million. The pre-tax refranchising loss associated with the sale of the related assets and liabilities, including goodwill, was approximately $ 0.1 million and was recorded in refranchising loss in the Company’s condensed consolidated statements of income. During the first quarter of 2023, the Company refranchised one U.S. Company-owned store for proceeds of less than $ 0.1 million. The pre-tax refranchising loss associated with the sale of the related assets and liabilities, including goodwill, was approximately $ 0.1 million and was recorded in refranchising loss in the Company’s condensed consolidated statements of income.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 24, 2024
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	11. New Accounting Pronouncements The Company has considered all new accounting standards issued by the Financial Accounting Standards Board (“FASB”). The Company has not yet adopted the following standards: Accounting Standards Not Yet Adopted Accounting Standards Update (“ASU”) 2020-04, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires disclosure on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating decision maker and included within the reported measure of segment profit or loss. In addition, the ASU requires disclosure of other segment expenses by reportable segment and a description of their composition to permit the reconciliation between segment revenue, significant segment expenses and the reported segment measure of profit or loss. The ASU also requires disclosure of the name and title of the chief operating decision maker. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and early adoption is permitted. The Company is currently evaluating the impact of this accounting standard on its consolidated financial statements. ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which requires disclosure on an annual basis, a tabular reconciliation, including both amount and percentage of specific categories of the effective tax rate reconciliation, including state and local income taxes (net of Federal taxes), foreign taxes, effects of changes in tax laws and regulations, effects of cross-border tax laws, tax credits, changes in valuation allowances, nontaxable and nondeductible items and changes in unrecognized tax benefits. Additional disclosures are required for certain items exceeding five percent of income from continuing operations multiplied by the statutory income tax rate. The standard also requires disclosure of income taxes paid between Federal, state and foreign jurisdictions, including further disaggregation of those payments exceeding five percent of the total income taxes paid. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, and early adoption is permitted. The Company is currently evaluating the impact of this accounting standard on its consolidated financial statements.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 24, 2024
Segment Reporting [Abstract]
Financial Information by Operating Segment	The tables below summarize the financial information concerning the Company’s reportable segments for the first quarters of 2024 and 2023. Intersegment revenues are comprised of sales of food, equipment and supplies from the supply chain segment to the Company-owned stores in the U.S. stores segment. Intersegment sales prices are market based. The “Other” column as it relates to Segment Income below primarily includes corporate administrative costs that are not allocable to a reportable segment, including labor, computer expenses, professional fees, travel and entertainment, rent, insurance and other corporate administrative costs. Fiscal Quarters Ended March 24, 2024 and March 26, 2023 U.S. Supply International Intersegment Stores Chain Franchise Revenues Other Total Revenues 2024 $ 353,467 $ 686,642 $ 71,966 $ ( 27,428 ) $ — $ 1,084,647 2023 330,501 650,124 69,671 ( 25,898 ) — 1,024,398 Segment Income 2024 $ 136,108 $ 64,576 $ 59,332 N/A $ ( 18,173 ) $ 241,843 2023 112,683 48,515 58,139 N/A ( 15,722 ) 203,615
Reconciliation of Total Segment Income to Consolidated Income Before Provision for Income Taxes	The following table reconciles total Segment Income to consolidated income before provision for income taxes. Fiscal Quarter Ended March 24, March 26, 2024 2023 Total Segment Income $ 241,843 $ 203,615 Depreciation and amortization ( 19,869 ) ( 18,170 ) Refranchising loss ( 133 ) ( 149 ) Loss on sale/disposal of assets ( 90 ) ( 275 ) Non-cash equity-based compensation expense ( 11,338 ) ( 7,538 ) Income from operations 210,413 177,483 Other expense ( 18,699 ) — Interest income 3,739 2,391 Interest expense ( 45,846 ) ( 46,547 ) Income before provision for income taxes $ 149,607 $ 133,327

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 24, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Fiscal Quarter Ended March 24, March 26, 2024 2023 Net income available to common stockholders - basic and diluted $ 125,824 $ 104,770 Basic weighted average number of shares 34,800,310 35,391,624 Earnings per share – basic $ 3.62 $ 2.96 Diluted weighted average number of shares 35,154,232 35,708,938 Earnings per share – diluted $ 3.58 $ 2.93
Schedule of Denominators Used in Calculating Earning Per Common Share	The denominators used in calculating diluted earnings per share for common stock for the first quarters ended March 24, 2024 and March 26, 2023 do not include the following because the effect of including these shares would be anti-dilutive or because the performance targets for these awards had not yet been met: Fiscal Quarter Ended March 24, March 26, 2024 2023 Anti-dilutive shares underlying stock-based awards Stock options 87,419 231,459 Restricted stock awards and units 51,587 26,975 Performance condition not met Restricted stock awards and units 62,114 60,068

Stockholders' Deficit (Tables)

Stockholders' Deficit (Tables)	3 Months Ended
	Mar. 24, 2024
Federal Home Loan Banks [Abstract]
Changes in Stockholders' Deficit	The following table summarizes the changes in stockholders’ deficit for the first quarter of 2024. Accumulated Additional Other Common Stock Paid-in Retained Comprehensive Shares Amount Capital Deficit Loss Balance at December 31, 2023 34,726,182 $ 347 $ 2,801 $ ( 4,069,648 ) $ ( 3,867 ) Net income — — — 125,824 — Dividends declared on common stock and equivalents 1.51 per share) — — — ( 52,954 ) — Issuance and cancellation of stock awards, net 44,053 1 — — — Tax payments for restricted stock upon vesting ( 15,213 ) — ( 6,700 ) — — Purchases of common stock ( 56,372 ) ( 1 ) ( 17,021 ) ( 8,099 ) — Exercise of stock options 103,107 1 10,773 — — Non-cash equity-based compensation expense — — 11,338 — — Currency translation adjustment — — — — ( 1,125 ) Balance at March 24, 2024 34,801,757 $ 348 $ 1,191 $ ( 4,004,877 ) $ ( 4,992 ) The following table summarizes the changes in stockholders’ deficit for the first quarter of 2023. Accumulated Additional Other Common Stock Paid-in Retained Comprehensive Shares Amount Capital Deficit Loss Balance at January 1, 2023 35,419,718 $ 354 $ 9,693 $ ( 4,194,418 ) $ ( 4,694 ) Net income — — — 104,770 — Dividends declared on common stock and equivalents 1.21 per share) — — — ( 43,005 ) — Issuance and cancellation of stock awards, net 14,495 — — — — Tax payments for restricted stock upon vesting ( 5,073 ) — ( 1,553 ) — — Purchases of common stock ( 100,515 ) ( 1 ) ( 14,547 ) ( 15,802 ) — Exercise of stock options 1,508 — 343 — — Non-cash equity-based compensation expense — — 7,538 — — Currency translation adjustment — — — — ( 451 ) Balance at March 26, 2023 35,330,133 $ 353 $ 1,474 $ ( 4,148,455 ) $ ( 5,145 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 24, 2024
Fair Value Disclosures [Abstract]
Carrying Amounts and Fair Values of Certain Assets	The following tables summarize the carrying amounts and fair values of certain assets at March 24, 2024 and December 31, 2023: At March 24, 2024 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Amount Inputs Inputs Inputs Cash equivalents $ 147,754 $ 147,754 $ — $ — Restricted cash equivalents 156,316 156,316 — — Investments in marketable securities 18,518 18,518 — — Advertising fund cash equivalents, restricted 34,738 34,738 — — Investment in DPC Dash 124,854 124,854 — — At December 31, 2023 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Amount Inputs Inputs Inputs Cash equivalents $ 50,732 $ 50,732 $ — $ — Restricted cash equivalents 133,063 133,063 — — Investments in marketable securities 16,720 16,720 — — Advertising fund cash equivalents, restricted 69,199 69,199 — — Investment in DPC Dash 143,553 143,553 — —
Schedule of Estimated Fair Value	Management estimated the approximate fair values of the Company ’s 2015, 2017, 2018, 2019 and 2021 notes as follows: March 24, 2024 December 31, 2023 Principal Amount Fair Value Principal Amount Fair Value 2015 Ten-Year Notes $ 742,000 $ 727,160 $ 744,000 $ 727,632 2017 Ten-Year Notes 940,000 901,460 942,500 895,375 2018 7.5-Year Notes 402,688 392,620 403,750 392,041 2018 9.25-Year Notes 379,000 365,735 380,000 365,180 2019 Ten-Year Notes 648,000 594,216 649,688 591,865 2021 7.5-Year Notes 826,625 735,696 828,750 730,958 2021 Ten-Year Notes 972,500 844,130 975,000 830,700

Revenue Disclosures (Tables)

Revenue Disclosures (Tables)	3 Months Ended
	Mar. 24, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Contract Liabilities Consist of Deferred Franchise Fees and Deferred Development Fees	Changes in deferred franchise fees and deferred development fees for the first quarters of 2024 and 2023 were as follows: Fiscal Quarter Ended March 24, March 26, 2024 2023 Deferred franchise fees and deferred development fees, beginning of period $ 25,195 $ 28,225 Revenue recognized during the period ( 1,364 ) ( 1,448 ) New deferrals due to cash received and other 1,330 1,162 Deferred franchise fees and deferred development fees, end of period $ 25,161 $ 27,939

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 24, 2024
Leases [Abstract]
Components Of Operating And Finance Lease Cost	The components of operating and finance lease cost for the first quarters of 2024 and 2023 were as follows: Fiscal Quarter Ended March 24, March 26, 2024 2023 Operating lease cost $ 11,253 $ 10,808 Finance lease cost: Amortization of right-of-use assets 1,324 1,199 Interest on lease liabilities 984 983 Total finance lease cost $ 2,308 $ 2,182
Schedule Of Supplemental Cash Flow Information Related To Leases	Supplemental cash flow information related to leases for the first quarters of 2024 and 2023 were as follows: Fiscal Quarter Ended March 24, March 26, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 10,340 $ 10,320 Operating cash flows from finance leases 984 983 Financing cash flows from finance leases 636 1,024 Cash paid for amounts included in the measurement of Operating cash flows from sale leaseback 299 — Financing cash flows from sale leaseback 14 — Right-of-use assets obtained in exchange for lease obligations: Operating leases 16,706 9,305 Finance leases 1,121 872

Segment Information - Financial

Segment Information - Financial Information by Operating Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 24, 2024	Mar. 26, 2023
Segment Reporting Information [Line Items]
Revenues	$ 1,084,647	$ 1,024,398
Segment Income	241,843	203,615
Operating Segments [Member] | U.S. Stores [Member]
Segment Reporting Information [Line Items]
Revenues	353,467	330,501
Segment Income	136,108	112,683
Operating Segments [Member] | Supply Chain [Member]
Segment Reporting Information [Line Items]
Revenues	686,642	650,124
Segment Income	64,576	48,515
Operating Segments [Member] | International Franchise [Member]
Segment Reporting Information [Line Items]
Revenues	71,966	69,671
Segment Income	59,332	58,139
Intersegment Revenues [Member]
Segment Reporting Information [Line Items]
Revenues	(27,428)	(25,898)
Segment Reconciling [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Segment Income	$ (18,173)	$ (15,722)

Segment Information - Reconcili

Segment Information - Reconciliation of Total Segment Income to Consolidated Income Before Provision for Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 24, 2024	Mar. 26, 2023
Segment Reconciliation [Abstract]
Total Segment Income	$ 241,843	$ 203,615
Depreciation and amortization	(19,869)	(18,170)
Refranchising loss	(133)	(149)
Loss on sale/disposal of assets	(90)	(275)
Non-cash equity-based compensation expense	(11,338)	(7,538)
Income from operations	210,413	177,483
Other expense	(18,699)	0
Interest income	3,739	2,391
Interest expense	(45,846)	(46,547)
Income before provision for income taxes	$ 149,607	$ 133,327

Earnings Per Share - Summary of

Earnings Per Share - Summary of Computation of Basic and Diluted Earning per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 24, 2024	Mar. 26, 2023
Earnings Per Share [Abstract]
Net income available to common stockholders - basic and diluted	$ 125,824	$ 104,770
Basic weighted average number of shares	34,800,310	35,391,624
Earnings per share – basic	$ 3.62	$ 2.96
Diluted weighted average number of shares	35,154,232	35,708,938
Earnings per share - diluted	$ 3.58	$ 2.93

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Denominators Used in Calculating Earning Per Common Share (Detail) - shares	3 Months Ended
	Mar. 24, 2024	Mar. 26, 2023
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive Securities Excluded from Computation of Earnings Per Share	87,419	231,459
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive Securities Excluded from Computation of Earnings Per Share	51,587	26,975
Restricted Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded from computation of earnings per share, amount unvested	62,114	60,068

Stockholders' Deficit - Additio

Stockholders' Deficit - Additional Information (Detail) - $ / shares		3 Months Ended
	Apr. 25, 2024	Mar. 24, 2024	Mar. 26, 2023
Dividends declared per share		$ 1.51	$ 1.21
Subsequent Event [Member]
Dividends declared per share	$ 1.51
Record date of dividend	Jun. 14, 2024
Dividend declared date	Apr. 25, 2024
Dividend payable date	Jun. 28, 2024

Stockholders' Deficit (Detail)

Stockholders' Deficit (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 24, 2024	Mar. 26, 2023
Stockholders' Deficit [Line Items]
Balance	[1]	$ (4,070,367)
Net Income (Loss)		125,824	$ 104,770
Balance		$ (4,008,330)
Common Stock [Member]
Stockholders' Deficit [Line Items]
Balance (in shares)		34,726,182	35,419,718
Balance		$ 347	$ 354
Issuance and cancellation of stock awards, net (in shares)		44,053	14,495
Issuance and cancellation of stock awards, net		$ 1
Tax payments for restricted stock upon vesting, (in shares)		(15,213)	(5,073)
Purchases of common stock, (in shares)		(56,372)	(100,515)
Purchases of common stock		$ (1)	$ (1)
Exercises of stock options, (in shares)		103,107	1,508
Exercises of stock options		$ 1
Balance (in shares)		34,801,757	35,330,133
Balance		$ 348	$ 353
Additional Paid-in Capital [Member]
Stockholders' Deficit [Line Items]
Balance		2,801	9,693
Tax payments for restricted stock upon vesting		(6,700)	(1,553)
Purchases of common stock		(17,021)	(14,547)
Exercises of stock options		10,773	343
Non-cash equity-based compensation expense		11,338	7,538
Balance		1,191	1,474
Retained Deficit [Member]
Stockholders' Deficit [Line Items]
Balance		(4,069,648)	(4,194,418)
Net Income (Loss)		125,824	104,770
Dividends declared on common stock and equivalents		(52,954)	(43,005)
Purchases of common stock		(8,099)	(15,802)
Balance		(4,004,877)	(4,148,455)
Accumulated Other Comprehensive Loss [Member]
Stockholders' Deficit [Line Items]
Balance		(3,867)	(4,694)
Currency translation adjustment		(1,125)	(451)
Balance		$ (4,992)	$ (5,145)
[1] The condensed consolidated balance sheet at December 31, 2023 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

Stockholders' Deficit (Parenthe

Stockholders' Deficit (Parenthetical) (Detail) - $ / shares	3 Months Ended
	Mar. 24, 2024	Mar. 26, 2023
Dividends declared per share	$ 1.51	$ 1.21

Leverage Ratio (Additional Info

Leverage Ratio (Additional Information) (Details)	Mar. 24, 2024
EBITDA
Leverage Ratio [Line Items]
Holdco Leverage Ratio	0.05

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 24, 2024	Mar. 26, 2023
Unrealized loss on investments	$ (18,699)	$ 0
Dash Brands Ltd [Member]
Unrealized loss on investments	$ 18,700
Shares Issued Price Per Share	$ 53.95
Number of trading securities owned by registrant	18,101,019

Fair Value Measurements - Carry

Fair Value Measurements - Carrying Amounts and Fair Values of Certain Assets (Detail) - USD ($) $ in Thousands	Mar. 24, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash And Cash Equivalents Fair Value Disclosure	$ 147,754	$ 50,732
Restricted cash equivalents, fair value	156,316	133,063
Investments in marketable securities, fair value	18,518	16,720
Advertising fund cash equivalents, restricted, carrying amount	34,738	69,199
Investments	124,854	143,553
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	147,754	50,732
Restricted cash equivalents, fair value	156,316	133,063
Investments in marketable securities, fair value	18,518	16,720
Advertising fund cash equivalents, restricted, fair value	34,738	69,199
Investments	$ 124,854	143,553
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments		$ 0

Schedule of Estimated Fair Valu

Schedule of Estimated Fair Value (Detail) - USD ($) $ in Thousands	Mar. 24, 2024	Dec. 31, 2023
2015 Ten-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	$ 742,000	$ 744,000
Fair Value	727,160	727,632
2017 Ten-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	940,000	942,500
Fair Value	901,460	895,375
2018 7.5-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	402,688	403,750
Fair Value	392,620	392,041
2018 9.25-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	379,000	380,000
Fair Value	365,735	365,180
2019 Ten-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	648,000	649,688
Fair Value	594,216	591,865
2021 7.5-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	826,625	828,750
Fair Value	735,696	730,958
2021 Ten-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	972,500	975,000
Fair Value	$ 844,130	$ 830,700

Revenue Disclosures - Additiona

Revenue Disclosures - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Mar. 25, 2024	Mar. 27, 2023	Mar. 24, 2024	Dec. 31, 2023
Contract liability, current			$ 5,300	$ 5,300
Contract liability, noncurrent			19,800	19,900
Advertising fund assets, restricted			76,982	106,335	[1]
Temporary reduction		0.25%
Advertising contribution	6%
Subsequent Event [Member] | Minimum [Member]
Digital per transaction technology fees	$ 0.04
Subsequent Event [Member] | Maximum [Member]
Digital per transaction technology fees	$ 0.355
US Stores [Member] | Domestic Franchise [Member] | Cash and Cash Equivalents [Member]
Advertising fund assets, restricted			56,000	88,200
US Stores [Member] | Domestic Franchise [Member] | Accounts receivable [Member]
Advertising fund assets, restricted			12,900	14,000
US Stores [Member] | Domestic Franchise [Member] | Prepaid expenses [Member]
Advertising fund assets, restricted			8,100	4,100
US Stores [Member] | U.S. Company-owned stores [Member]
Advertising fund assets, restricted			$ 1,800	$ 2,100
[1] The condensed consolidated balance sheet at December 31, 2023 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

Revenue Disclosures - Schedule

Revenue Disclosures - Schedule of Contract Liabilities Consist of Deferred Franchise Fees and Deferred Development Fees (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 24, 2024	Mar. 26, 2023
Revenue from Contract with Customer [Abstract]
Deferred franchise fees and deferred development fees, beginning of period	$ 25,195	$ 28,225
Revenue recognized during the period	(1,364)	(1,448)
New deferrals due to cash received and other	1,330	1,162
Deferred franchise fees and deferred development fees, end of period	$ 25,161	$ 27,939

Components of Operating and Fin

Components of Operating and Finance Lease Cost (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 24, 2024	Mar. 26, 2023
Operating lease cost	$ 11,253	$ 10,808
Finance lease cost:
Amortization of right-of-use assets	1,324	1,199
Interest on lease liabilities	984	983
Total finance lease cost	$ 2,308	$ 2,182

Supplemental Cash Flow Informat

Supplemental Cash Flow Information Related To Leases (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 24, 2024	Mar. 26, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 10,340	$ 10,320
Operating cash flows from finance leases	984	983
Financing cash flows from finance leases	636	1,024
Cash Paid For Amounts Included In The Measurement Of Financing Obligation From Sale Leaseback Abstract
Operating cash flows from sale leaseback	299	0
Financing cash flows from sale leaseback	14	0
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	16,706	9,305
Finance leases	$ 1,121	$ 872

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 24, 2024	Mar. 26, 2023	Dec. 31, 2023
Rent Expense	$ 21.2	$ 19.3
Rent expense minimum rental	1.7	$ 1.4
Lessee, operating lease, lease not yet commenced, future minimum rental commitments	155.3
Potential future payments	$ 17		$ 18.5
Operating Lease [Member]
Lease Term	20 years

Supplemental Disclosures of C_2

Supplemental Disclosures of Cash Flow Information - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 24, 2024	Dec. 31, 2023
Schedule of Cash Flow, Supplemental [Line Items]
Capital expenditure accrual	$ 6.1	$ 6.7
Accruals for excise taxes, non-cash financing activity	$ 2.7	$ 2.6

Company-owned Store Transacti_2

Company-owned Store Transactions - Additional Information (Detail) - US Franchisee [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 24, 2024	Mar. 26, 2023
Business Acquisition [Line Items]
Receipts from sale of franchisees	$ 0.1	$ 0.1
Reduction of goodwill related to sale of stores	$ 0.1	$ 0.1