The Chefs' Warehouse, Inc. (CHEF) 10-Q 27 Oct 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 24, 2021	Oct. 25, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 24, 2021
Document Transition Report	false
Entity File Number	001-35249
Entity Registrant Name	CHEFS’ WAREHOUSE, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-3031526
Entity Address, Address Line One	100 East Ridge Road
Entity Address, City or Town	Ridgefield
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06877
City Area Code	203
Local Phone Number	894-1345
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		37,884,249
Entity Central Index Key	0001517175
Current Fiscal Year End Date	--12-24
Amendment Flag	false
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Common Stock, par value $0.01
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	CHEF
Security Exchange Name	NASDAQ
Preferred Stock Purchase Rights
Document Information [Line Items]
Title of 12(b) Security	Preferred Stock Purchase Rights
Trading Symbol	CHEF
Security Exchange Name	NASDAQ

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 24, 2021	Dec. 25, 2020
Current assets:
Cash and cash equivalents	$ 134,217	$ 193,281
Accounts receivable, net of allowance of $20,322 in 2021 and $24,027 in 2020	151,720	96,383
Inventories, net	132,802	82,519
Prepaid expenses and other current assets	37,759	33,479
Total current assets	456,498	405,662
Equipment, leasehold improvements and software, net	118,143	115,448
Operating lease right-of-use assets	115,182	115,224
Goodwill	220,376	214,864
Intangible assets, net	105,696	111,717
Deferred taxes, net	12,390	7,535
Other assets	3,727	3,875
Total assets	1,032,012	974,325
Current liabilities:
Accounts payable	108,972	57,515
Accrued liabilities	33,746	27,924
Short-term operating lease liabilities	16,936	17,167
Accrued compensation	18,624	9,401
Current portion of long-term debt	5,624	6,095
Total current liabilities	183,902	118,102
Long-term debt, net of current portion	394,979	398,084
Operating lease liabilities	109,827	109,133
Other liabilities and deferred credits	4,238	4,416
Total liabilities	692,946	629,735
Commitments and contingencies
Stockholders’ equity:
Preferred Stock - $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at September 24, 2021 and December 25, 2020	0	0
Common Stock, - $0.01 par value, 100,000,000 shares authorized, 37,884,249 and 37,274,768 shares issued and outstanding at September 24, 2021 and December 25, 2020, respectively	380	373
Additional paid in capital	311,503	303,734
Accumulated other comprehensive loss	(1,984)	(2,051)
Retained earnings	29,167	42,534
Total stockholders’ equity	339,066	344,590
Total liabilities and stockholders’ equity	$ 1,032,012	$ 974,325

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 24, 2021	Dec. 25, 2020
Current assets:
Allowance for accounts receivable	$ 20,322	$ 24,027
Stockholders’ equity:
Preferred Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, authorized (in shares)	5,000,000	5,000,000
Preferred Stock, issued (in shares)	0	0
Preferred Stock, outstanding (in shares)	0	0
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, authorized (in shares)	100,000,000	100,000,000
Common Stock, issued (in shares)	37,884,249	37,274,768
Common Stock, outstanding (in shares)	37,884,249	37,274,768

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2021	Sep. 25, 2020
Income Statement [Abstract]
Net sales	$ 484,321	$ 254,030	$ 1,187,506	$ 829,957
Cost of sales	374,346	193,668	922,710	640,681
Gross profit	109,975	60,362	264,796	189,276
Selling, general and administrative expenses	99,431	76,433	270,034	253,480
Other operating (income) expenses, net	105	(4,146)	(208)	(9,812)
Operating income (loss)	10,439	(11,925)	(5,030)	(54,392)
Interest expense	4,191	4,706	13,362	15,602
Income (loss) before income taxes	6,248	(16,631)	(18,392)	(69,994)
Provision for income tax expense (benefit)	2,792	(5,204)	(5,025)	(24,148)
Net income (loss)	3,456	(11,427)	(13,367)	(45,846)
Other comprehensive income (loss):
Foreign currency translation adjustments	(90)	93	67	(168)
Comprehensive income (loss)	$ 3,366	$ (11,334)	$ (13,300)	$ (46,014)
Net income (loss) per share:
Basic (in dollars per share)	$ 0.09	$ (0.31)	$ (0.36)	$ (1.39)
Diluted (in dollars per share)	$ 0.09	$ (0.31)	$ (0.36)	$ (1.39)
Weighted average common shares outstanding:
Basic (in shares)	36,875,784	36,283,883	36,701,927	32,868,162
Diluted (in shares)	37,105,746	36,283,883	36,701,927	32,868,162

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid in Capital	Accumulated Other Comprehensive Loss	Retained Earnings
Balance (in shares) at Dec. 27, 2019		30,341,941
Balance at Dec. 27, 2019	$ 335,933	$ 304	$ 212,240	$ (2,048)	$ 125,437
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(14,085)				(14,085)
Stock compensation (in shares)		807,433
Stock compensation	851	$ 8	843
Cumulative translation adjustment	(378)			(378)
Shares surrendered to pay withholding taxes (in shares)		(159,632)
Shares surrendered to pay tax withholding	(2,704)	$ (2)	(2,702)
Balance (in shares) at Mar. 27, 2020		30,989,742
Balance at Mar. 27, 2020	319,617	$ 310	210,381	(2,426)	111,352
Balance (in shares) at Dec. 27, 2019		30,341,941
Balance at Dec. 27, 2019	335,933	$ 304	212,240	(2,048)	125,437
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(45,846)
Cumulative translation adjustment	(168)
Balance (in shares) at Sep. 25, 2020		37,772,640
Balance at Sep. 25, 2020	378,008	$ 378	300,255	(2,216)	79,591
Balance (in shares) at Mar. 27, 2020		30,989,742
Balance at Mar. 27, 2020	319,617	$ 310	210,381	(2,426)	111,352
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(20,334)				(20,334)
Stock compensation (in shares)		176,037
Stock compensation	1,999	$ 2	1,997
Public offering of common stock (in shares)		6,634,615
Public offering of common stock	85,941	$ 66	85,875
Cumulative translation adjustment	117			117
Shares surrendered to pay withholding taxes (in shares)		(1,846)
Shares surrendered to pay tax withholding	(23)		(23)
Balance (in shares) at Jun. 26, 2020		37,798,548
Balance at Jun. 26, 2020	387,317	$ 378	298,230	(2,309)	91,018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(11,427)				(11,427)
Stock compensation (in shares)		(22,477)
Stock compensation	2,075		2,075
Cumulative translation adjustment	93			93
Shares surrendered to pay withholding taxes (in shares)		(3,431)
Shares surrendered to pay tax withholding	(50)		(50)
Balance (in shares) at Sep. 25, 2020		37,772,640
Balance at Sep. 25, 2020	$ 378,008	$ 378	300,255	(2,216)	79,591
Balance (in shares) at Dec. 25, 2020	37,274,768	37,274,768
Balance at Dec. 25, 2020	$ 344,590	$ 373	303,734	(2,051)	42,534
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(17,921)				(17,921)
Stock compensation (in shares)		673,430
Stock compensation	2,458	$ 6	2,452
Cumulative translation adjustment	81			81
Shares surrendered to pay withholding taxes (in shares)		(38,503)
Shares surrendered to pay tax withholding	(1,192)		(1,192)
Balance (in shares) at Mar. 26, 2021		37,909,695
Balance at Mar. 26, 2021	$ 328,016	$ 379	304,994	(1,970)	24,613
Balance (in shares) at Dec. 25, 2020	37,274,768	37,274,768
Balance at Dec. 25, 2020	$ 344,590	$ 373	303,734	(2,051)	42,534
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(13,367)
Cumulative translation adjustment	$ 67
Balance (in shares) at Sep. 24, 2021	37,884,249	37,884,249
Balance at Sep. 24, 2021	$ 339,066	$ 380	311,503	(1,984)	29,167
Balance (in shares) at Mar. 26, 2021		37,909,695
Balance at Mar. 26, 2021	328,016	$ 379	304,994	(1,970)	24,613
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,098				1,098
Stock compensation (in shares)		69,245
Stock compensation	3,280	$ 1	3,279
Warrants issued for acquisitions	1,120		1,120
Cumulative translation adjustment	76			76
Shares surrendered to pay withholding taxes (in shares)		(17,077)
Shares surrendered to pay tax withholding	(541)		(541)
Balance (in shares) at Jun. 25, 2021		37,961,863
Balance at Jun. 25, 2021	333,049	$ 380	308,852	(1,894)	25,711
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	3,456				3,456
Stock compensation (in shares)		(75,597)
Stock compensation	2,710		2,710
Cumulative translation adjustment	(90)			(90)
Shares surrendered to pay withholding taxes (in shares)		(2,017)
Shares surrendered to pay tax withholding	$ (59)		(59)
Balance (in shares) at Sep. 24, 2021	37,884,249	37,884,249
Balance at Sep. 24, 2021	$ 339,066	$ 380	$ 311,503	$ (1,984)	$ 29,167

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
Cash flows from operating activities:
Net loss	$ (13,367)	$ (45,846)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	16,270	14,714
Amortization of intangible assets	9,778	10,111
(Benefit) provision for allowance for doubtful accounts	(744)	20,447
Non-cash operating lease expense	505	604
Benefit for deferred income taxes	(4,855)	(6,527)
Amortization of deferred financing fees	1,832	2,152
Stock compensation	8,448	4,925
Change in fair value of contingent earn-out liabilities	(1,359)	(11,219)
Intangible asset impairment	597	0
Loss on asset disposal	257	52
Changes in assets and liabilities, net of acquisitions:
Accounts receivable	(51,582)	74,236
Inventories	(49,148)	33,285
Prepaid expenses and other current assets	(3,304)	(16,227)
Accounts payable, accrued liabilities and accrued compensation	60,443	(29,455)
Other assets and liabilities	(101)	2,617
Net cash (used in) provided by operating activities	(26,330)	53,869
Cash flows from investing activities:
Capital expenditures	(17,872)	(5,409)
Cash paid for acquisitions, net of cash received	(7,280)	(60,437)
Net cash used in investing activities	(25,152)	(65,846)
Cash flows from financing activities:
Payment of debt, finance lease and other financing obligations	(35,918)	(38,924)
Proceeds from the issuance of common stock, net of issuance costs	0	85,941
Proceeds from debt issuance	51,750	0
Payment of deferred financing fees	(1,450)	(856)
Surrender of shares to pay withholding taxes	(1,792)	(2,777)
Cash paid for contingent earn-out liability	(83)	(2,927)
Borrowings under asset-based loan facility	0	100,000
Payments under asset-based loan facility	(20,000)	(60,000)
Net cash (used in) provided by financing activities	(7,493)	80,457
Effect of foreign currency on cash and cash equivalents	(89)	(168)
Net change in cash and cash equivalents	(59,064)	68,312
Cash and cash equivalents-beginning of period	193,281	140,233
Cash and cash equivalents-end of period	$ 134,217	$ 208,545

Operations and Basis of Present

Operations and Basis of Presentation	9 Months Ended
	Sep. 24, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operations and Basis of Presentation	Operations and Basis of Presentation Description of Business and Basis of Presentation The financial statements include the consolidated accounts of The Chefs’ Warehouse, Inc. (the “Company”), and its wholly-owned subsidiaries. The Company’s quarterly periods end on the thirteenth Friday of each quarter. Every six to seven years, the Company will add a fourteenth week to its fourth quarter to more closely align its year-end to the calendar year. The Company’s business consists of three operating segments: East Coast, Midwest and West Coast that aggregate into one reportable segment, foodservice distribution, which is concentrated primarily in the United States. The Company’s customer base consists primarily of menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines, casinos, specialty food stores, grocers and warehouse clubs. The COVID-19 Pandemic Many of the Company’s customers have been adversely impacted by the COVID-19 pandemic (the “Pandemic”), however there has been sequential improvement in the Company’s business starting in the second quarter of fiscal 2021 and continuing throughout the third quarter of fiscal 2021 which has contributed to organic sales growth of $213,719 compared to the prior year quarter. The future impact of the Pandemic on the Company’s business, operations and liquidity is difficult to predict at this time and is highly dependent on future developments including new information that may emerge on the severity of the disease, the extent of outbreaks, federal, state and local government responses, trends in infection rates, development of effective medical treatments for the disease, the pace of vaccination programs and future consumer spending behavior, among others. Consolidation The consolidated financial statements include all the accounts of the Company and its direct and indirect wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Unaudited Interim Financial Statements The accompanying unaudited consolidated financial statements and the related interim information contained within the notes to such unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the applicable rules of the Securities and Exchange Commission (“SEC”) for interim information and quarterly reports on Form 10-Q. Accordingly, they do not include all the information and disclosures required by GAAP for complete financial statements. These unaudited consolidated financial statements and related notes should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto for the fiscal year ended December 25, 2020 filed as part of the Company’s Annual Report on Form 10-K, as filed with the SEC on February 23, 2021. The unaudited consolidated financial statements appearing in this Form 10-Q have been prepared on the same basis as the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K, as filed with the SEC on February 23, 2021, and in the opinion of management, include all normal recurring adjustments that are necessary for the fair statement of the Company’s interim period results. The year-end consolidated balance sheet data was derived from the audited financial statements but does not include all disclosures required by GAAP. Due to seasonal fluctuations, the Pandemic and other factors, the results of operations for the thirteen and thirty-nine weeks ended September 24, 2021 are not necessarily indicative of the results to be expected for the full year. The preparation of financial statements in conformity with GAAP requires management to make significant 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 revenues and expenses during the reporting periods. Actual results could differ from management’s estimates. Guidance Adopted in Fiscal 2021 Simplifying the Accounting for Income Taxes: In December 2019, the Financial Accounting Standards Board (the “FASB”) issued guidance that eliminates certain exceptions related to the approach for intraperiod tax allocations, the methodology for calculating income taxes in an interim period and other simplifications and clarifications. As a result of the new guidance, the Company may recognize additional income tax benefits during interim periods in which interim losses exceed full year projections due to provisions in the guidance that remove loss limitation rules. This guidance was adopted on December 26, 2020 and adoption had an immaterial impact on the Company’s consolidated financial statements. Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity: In August 2020, the FASB issued guidance that simplifies the accounting models for financial instruments with characteristics of debt and equity. The amendments in the guidance result in fewer instances in which an embedded conversion feature must be accounted for separately from its host contract. This guidance will be effective for fiscal years beginning after December 15, 2021. This guidance was adopted on December 26, 2020 and adoption did not impact the Company’s consolidated financial statements.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 24, 2021
Revenue from Contract with Customer [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Revenue Recognition Revenues from product sales are recognized at the point at which control of each product is transferred to the customer. The Company’s contracts contain performance obligations which are satisfied when customers have physical possession of each product. The majority of customer orders are fulfilled within a day and customer payment terms are typically 20 to 60 days from delivery. Shipping and handling activities are costs to fulfill the Company’s performance obligations. These costs are expensed as incurred and presented within selling, general and administrative expenses on the consolidated statements of operations. The Company offers certain sales incentives to customers in the form of rebates or discounts. These sales incentives are accounted as variable consideration. The Company estimates these amounts based on the expected amount to be provided to customers and records a corresponding reduction in revenue. The Company does not expect a significant reversal in the amount of cumulative revenue recognized. Sales tax billed to customers is not included in revenue but rather recorded as a liability owed to the respective taxing authorities at the time the sale is recognized. The following table presents the Company’s net sales disaggregated by principal product category: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 24, 2021 September 25, 2020 September 24, 2021 September 25, 2020 Center-of-the-Plate $ 238,783 49.3 % $ 115,570 45.5 % $ 593,717 50.0 % $ 395,224 47.6 % Dry Goods 66,455 13.7 % 31,495 12.4 % 163,352 13.8 % 113,480 13.7 % Pastry 48,842 10.1 % 27,618 10.9 % 118,952 10.0 % 92,427 11.1 % Cheese and Charcuterie 40,403 8.3 % 33,329 13.1 % 97,805 8.2 % 83,996 10.1 % Produce 35,900 7.4 % 24,172 9.5 % 87,049 7.3 % 60,240 7.3 % Dairy and Eggs 21,922 4.5 % 6,301 2.5 % 53,405 4.5 % 35,942 4.3 % Oils and Vinegars 21,855 4.5 % 9,487 3.7 % 48,210 4.1 % 31,082 3.7 % Kitchen Supplies 10,161 2.2 % 6,058 2.4 % 25,016 2.1 % 17,566 2.2 % Total $ 484,321 100 % $ 254,030 100 % $ 1,187,506 100 % $ 829,957 100 % The Company determines its product category classification based on how the Company currently markets its products to its customers. The Company’s definition of its principal product categories may differ from the way in which other companies present similar information. Food Processing Costs Food processing costs include but are not limited to direct labor and benefits, applicable overhead and depreciation of equipment and facilities used in food processing activities. Food processing costs included in cost of sales were $7,524 and $4,276 for the thirteen weeks ended September 24, 2021 and September 25, 2020, respectively, and $19,599 and $13,702 for the thirty-nine weeks ended September 24, 2021 and September 25, 2020, respectively.

Net Income (Loss) per Share

Net Income (Loss) per Share	9 Months Ended
	Sep. 24, 2021
Earnings Per Share [Abstract]
Net Income (Loss) per Share	Net Income (Loss) per Share The following table sets forth the computation of basic and diluted net income (loss) per common share: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 24, 2021 September 25, 2020 September 24, 2021 September 25, 2020 Net income (loss) per share: Basic $ 0.09 $ (0.31) $ (0.36) $ (1.39) Diluted $ 0.09 $ (0.31) $ (0.36) $ (1.39) Weighted average common shares: Basic 36,875,784 36,283,883 36,701,927 32,868,162 Diluted 37,105,746 36,283,883 36,701,927 32,868,162 Reconciliation of net income (loss) per common share: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 24, 2021 September 25, 2020 September 24, 2021 September 25, 2020 Numerator: Net income (loss) $ 3,456 $ (11,427) $ (13,367) $ (45,846) Denominator: Weighted average basic common shares outstanding 36,875,784 36,283,883 36,701,927 32,868,162 Dilutive effect of stock options and unvested common shares 229,962 — — — Weighted average diluted common shares outstanding 37,105,746 36,283,883 36,701,927 32,868,162 Potentially dilutive securities that have been excluded from the calculation of diluted net income (loss) per common share because the effect is anti-dilutive are as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 24, 2021 September 25, 2020 September 24, 2021 September 25, 2020 Restricted share awards (“RSAs”) 50,412 742,692 297,978 689,907 Stock options — 115,639 38,102 115,639 Warrants 126,359 — 84,854 — Convertible notes 4,616,033 3,484,788 4,341,664 3,484,788

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 24, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Assets and Liabilities Measured at Fair Value The Company’s contingent earn-out liabilities are measured at fair value. These liabilities were estimated using Level 3 inputs. Long-term earn-out liabilities were $2,339 and $2,556 as of September 24, 2021 and December 25, 2020, respectively, and are reflected as other liabilities and deferred credits on the consolidated balance sheets. The remaining short-term earn-out liabilities are reflected as accrued liabilities on the consolidated balance sheets. The fair value of contingent consideration was determined based on a probability-based approach which includes projected results, percentage probability of occurrence and the application of a discount rate to present value the payments. A significant change in projected results, discount rate, or probabilities of occurrence could result in a significantly higher or lower fair value measurement. Changes in the fair value of contingent earn-out liabilities are reflected in other operating (income)expenses, net on the consolidated statements of operations. The following table presents the changes in Level 3 contingent earn-out liabilities: Fells Point Bassian Sid Wainer Other Acquisitions Total Balance December 27, 2019 $ 4,544 $ 7,957 $ — $ 2,197 $ 14,698 Acquisition value — — 2,081 1,383 3,464 Cash payments — (2,250) — (1,677) (3,927) Changes in fair value (4,544) (4,631) (1,570) (734) (11,479) Balance December 25, 2020 $ — $ 1,076 $ 511 $ 1,169 $ 2,756 Acquisition value — — — 3,400 3,400 Cash payments — — — (83) (83) Changes in fair value — 39 (511) (887) (1,359) Balance September 24, 2021 $ — $ 1,115 $ — $ 3,599 $ 4,714 Fair Value of Financial Instruments The following table presents the carrying value and fair value of the Company’s convertible notes. In estimating the fair value of the convertible notes, the Company utilized Level 3 inputs including prevailing market interest rates to estimate the debt portion of the instrument and a Black Scholes valuation model to estimate the fair value of the conversion option. The Black Scholes model utilizes the market price of the Company’s common stock, estimates of the stock’s volatility and the prevailing risk-free interest rate in calculating the fair value estimate. September 24, 2021 December 25, 2020 Carrying Value Fair Value Carrying Value Fair Value Convertible Senior Notes $ 200,000 $ 199,592 $ 150,000 $ 163,204 Convertible Unsecured Note $ 4,000 $ 3,901 $ 4,000 $ 4,290

Acquisitions

Acquisitions	9 Months Ended
	Sep. 24, 2021
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions During the second quarter of fiscal 2021, the Company completed two acquisitions for an aggregate purchase price of approximately $8,400, consisting of $7,280 paid in cash, subject to customary working capital adjustments, and common stock warrants of $1,120. The Company will also pay additional contingent consideration, if earned, in the form of earn-out amounts which could total $4,230 in aggregate. The Company is in the process of finalizing a valuation of the earn-out liabilities, and tangible and intangible assets as of the acquisition date. When applicable, these valuations require the use of Level 3 inputs. Goodwill for these acquisitions will be amortized over 15 years for tax purposes. The Company reflected net sales and loss before taxes in its consolidated statement of operations related to the fiscal 2021 acquisitions as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 24, 2021 September 24, 2021 Net sales $ 16,052 $ 25,090 Loss before income taxes $ (285) $ (379) Pro forma financial information for these acquisitions are not presented because the effect of these acquisition are not material to the Company’s results of operations. The table below sets forth the purchase price allocation of these acquisitions: Current assets $ 4,240 Customer relationships 2,431 Trademarks 1,890 Goodwill 5,496 Fixed assets 707 Right-of-use assets 761 Lease liabilities (761) Current liabilities (2,964) Earn-out liability (3,400) Issuance of warrants (1,120) Total cash consideration $ 7,280 The Company recognized professional fees of $86 in operating expenses related to acquisitions in the second quarter of fiscal 2021.

Inventories

Inventories	9 Months Ended
	Sep. 24, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist primarily of finished product and are reflected net of adjustments for shrinkage, excess and obsolescence totaling $8,070 and $9,013 at September 24, 2021 and December 25, 2020, respectively.

Equipment, Leasehold Improvemen

Equipment, Leasehold Improvements and Software	9 Months Ended
	Sep. 24, 2021
Property, Plant and Equipment [Abstract]
Equipment, Leasehold Improvements and Software	Equipment, Leasehold Improvements and Software Equipment, leasehold improvements and software as of September 24, 2021 and December 25, 2020 consisted of the following: Useful Lives September 24, 2021 December 25, 2020 Land Indefinite $ 5,020 $ 5,020 Buildings 20 years 15,778 15,685 Machinery and equipment 5 - 10 years 25,969 24,900 Computers, data processing and other equipment 3 - 7 years 14,856 14,207 Software 3 - 7 years 39,834 33,063 Leasehold improvements 1 - 40 years 68,754 68,747 Furniture and fixtures 7 years 3,497 3,412 Vehicles 5 - 7 years 22,619 21,873 Other 7 years 88 88 Construction-in-process 16,837 8,115 213,252 195,110 Less: accumulated depreciation and amortization (95,109) (79,662) Equipment, leasehold improvements and software, net $ 118,143 $ 115,448 Construction-in-process at September 24, 2021 related primarily to the build-outs of the Company’s Los Angeles and Miami distribution facilities. Construction-in-process at December 25, 2020 related primarily to the implementation of the Company’s Enterprise Resource Planning system. The net book value of equipment financed under finance leases at September 24, 2021 and December 25, 2020 was $12,489 and $14,705, respectively. The components of depreciation and amortization expense were as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 24, 2021 September 25, 2020 September 24, 2021 September 25, 2020 Depreciation expense $ 3,903 $ 3,792 $ 11,679 $ 11,023 Software amortization $ 1,707 $ 1,247 $ 4,591 $ 3,691 $ 5,610 $ 5,039 $ 16,270 $ 14,714

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 24, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill are presented as follows: Carrying amount as of December 25, 2020 $ 214,864 Acquisitions 5,496 Foreign currency translation 16 Carrying amount as of September 24, 2021 $ 220,376 Other intangible assets as of September 24, 2021 and December 25, 2020 consisted of the following: September 24, 2021 Weighted-Average Gross Carrying Amount Accumulated Amortization Net Amount Customer relationships 122 months $ 144,130 $ (62,570) $ 81,560 Non-compete agreements 29 months 8,579 (7,952) 627 Trademarks 181 months 45,826 (22,317) 23,509 Total $ 198,535 $ (92,839) $ 105,696 December 25, 2020 Weighted-Average Gross Carrying Amount Accumulated Amortization Net Amount Customer relationships 128 months $ 141,679 $ (55,135) $ 86,544 Non-compete agreements 37 months 8,579 (7,752) 827 Trademarks 209 months 44,520 (20,174) 24,346 Total $ 194,778 $ (83,061) $ 111,717 The Company occasionally makes small, tuck-in acquisitions that are immaterial, both individually and in the aggregate. Therefore, increases in goodwill and gross intangible assets per the above tables may not agree to the increases of these assets as shown for specific acquisitions in Note 5 “Acquisitions.” Amortization expense for other intangibles was $3,135 and $3,391 for the thirteen weeks ended September 24, 2021 and September 25, 2020, respectively, and $9,778 and $10,111 for the thirty-nine weeks ended September 24, 2021 and September 25, 2020, respectively. During the second quarter of fiscal 2021, the Company committed to a plan to shift its brand strategy to leverage its Allen Brothers brand in its New England region and determined its Cambridge trademark did not fit the Company’s long-term strategic objectives. As a result, the Company recognized a $597 impairment charge to fully write-down the net book value of its Cambridge trademark. Estimated amortization expense for other intangible assets for the remainder of the fiscal year ending December 24, 2021 and each of the next four fiscal years and thereafter is as follows: 2021 $ 3,136 2022 11,765 2023 10,736 2024 9,876 2025 9,459 Thereafter 60,724 Total $ 105,696

Debt Obligations

Debt Obligations	9 Months Ended
	Sep. 24, 2021
Debt Disclosure [Abstract]
Debt Obligations	Debt Obligations Debt obligations as of September 24, 2021 and December 25, 2020 consisted of the following: September 24, 2021 December 25, 2020 Senior secured term loans $ 169,103 $ 201,553 Convertible senior notes 200,000 150,000 Asset-based loan facility 20,000 40,000 Finance lease and other financing obligations 14,350 15,798 Convertible unsecured note 4,000 4,000 Deferred finance fees and original issue premium (discount) (6,850) (7,172) Total debt obligations 400,603 404,179 Less: current installments (5,624) (6,095) Total debt obligations excluding current installments $ 394,979 $ 398,084 On March 1, 2021, the Company issued $50,000 aggregate principal amount of 1.875% Convertible Senior Notes at a premium which were offered as an additional issuance and under the same terms of the Company’s $150,000 Convertible Senior Notes due 2024 initially issued on November 22, 2019. Net proceeds were used to repay all outstanding borrowings under the Company's 2022 tranche of senior secured term loans of $31,166 and repay a portion of borrowings outstanding under the Company’s asset-based loan facility (“ABL Facility”). The Company incurred transaction costs of approximately $1,350 which were capitalized as deferred financing fees to be amortized over the term of the Convertible Senior Notes due 2024. At September 24, 2021, the effective interest rate charged on the Company’s Convertible Senior Notes was approximately 2.3%. The net carry value of the Company’s Convertible Senior Notes as of September 24, 2021 and December 25, 2020 was: September 24, 2021 December 25, 2020 Principal amount outstanding $ 200,000 $ 150,000 Unamortized deferred financing fees and premium 3,366 4,999 Net carry value $ 203,366 $ 154,999 The components of interest expense on the Company’s Convertible Senior Notes were as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 24, 2021 September 25, 2020 September 24, 2021 September 25, 2020 Coupon interest $ 937 $ 703 $ 2,656 $ 2,109 Amortization of deferred financing fees and premium $ 224 $ 250 $ 689 $ 750 Total interest $ 1,161 $ 953 $ 3,345 $ 2,859 The Company’s senior secured term loan credit agreement requires the Company to maintain at least $35,000 of liquidity as of the last day of any fiscal quarter where EBITDA, as defined in the Credit Agreement, is less than $10,000. The Company had minimum liquidity, as defined in the Credit Agreement, of $250,638 as of September 24, 2021.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 24, 2021
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Warrants In connection with an acquisition during the second quarter of fiscal 2021, the Company issued warrants with a fair value of $1,120 to purchase up to 150,000 shares of the Company’s common stock at an exercise price of $31.96 per share. These warrants expire on April 22, 2024. Equity Awards The following table reflects the activity of RSAs during the thirty-nine weeks ended September 24, 2021: Time-based Performance-based Market-based Shares Weighted Average Shares Weighted Average Shares Weighted Average Unvested at December 25, 2020 901,318 $ 16.14 — $ — 26,952 $ 30.16 Granted 356,956 31.72 199,231 32.00 199,241 31.44 Vested (588,535) 12.09 — — — — Forfeited (61,306) 27.41 (12,536) 32.00 (14,508) 31.24 Unvested at September 24, 2021 608,433 $ 28.04 186,695 $ 32.00 211,685 $ 31.29 The Company granted 755,428 RSAs to its employees and directors at a weighted average grant date fair value of $31.72 during the thirty-nine weeks ended September 24, 2021. These awards are a mix of time-, market- and performance-based grants that generally vest over a range of periods up to five years. The Company recognized expense totaling $2,710 and $2,075 on its RSAs during the thirteen weeks ended September 24, 2021 and September 25, 2020, respectively, and $8,448 and $4,925 during the thirty-nine weeks ended September 24, 2021 and September 25, 2020, respectively. At September 24, 2021, the total unrecognized compensation cost for unvested RSAs was $20,830 and the weighted-average remaining period was approximately 2.2 years. Of this total, $12,531 related to RSAs with time-based vesting provisions and $8,299 related to RSAs with performance-based vesting provisions. At September 24, 2021, the weighted-average remaining period for time-based vesting and performance-based vesting RSAs were approximately 2.1 years and 2.4 years, respectively. No share-based compensation expense related to the Company’s RSAs or stock options has been capitalized. As of September 24, 2021, there were 895,646 shares available for grant under the 2019 Omnibus Equity Incentive Plan.

Related Parties

Related Parties	9 Months Ended
	Sep. 24, 2021
Related Party Transactions [Abstract]
Related Parties	Related Parties The Chefs’ Warehouse Mid-Atlantic, LLC, a subsidiary of the Company, leases a distribution facility that is 100% owned by entities controlled by Christopher Pappas, the Company’s chairman, president and chief executive officer, and John Pappas, the Company’s vice chairman and one of its directors, and are deemed to be affiliates of these individuals. Expense related to this facility totaled $124 and $124 during the thirteen weeks ended September 24, 2021 and September 25, 2020, respectively, and $370 and $365 during the thirty-nine weeks ended September 24, 2021 and September 25, 2020, respectively.

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information	9 Months Ended
	Sep. 24, 2021
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information	Supplemental Disclosures of Cash Flow Information Thirty-Nine Weeks Ended September 24, 2021 September 25, 2020 Supplemental cash flow disclosures: Cash paid for income taxes, net of cash received $ (194) $ 308 Cash paid for interest, net of cash received $ 10,690 $ 12,741 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 18,965 $ 20,206 Operating cash flows from finance leases $ 411 $ 411 ROU assets obtained in exchange for lease liabilities: Operating leases $ 13,308 $ 5,800 Finance leases $ 536 $ 14,017 Other non-cash investing and financing activities: Warrants issued for acquisitions $ 1,120 $ — Contingent earn-out liabilities for acquisitions $ 3,400 $ 3,464

Coronavirus Aid, Relief, and Ec

Coronavirus Aid, Relief, and Economic Security Act	9 Months Ended
	Sep. 24, 2021
Unusual or Infrequent Items, or Both [Abstract]
Coronavirus Aid, Relief, and Economic Security Act	Coronavirus Aid, Relief, and Economic Security Act In response to the Pandemic, the Coronavirus Aid, Relief, and Economic Security Act was signed into law on March 27, 2020. Among other provisions it allows for a refundable Employee Retention Tax Credit (“ETRC”) to eligible employers equal to 50% of qualified wages paid to employees from March 12, 2020 to December 31, 2020, capped at $10 per employee. In December 2020, the Consolidated Appropriations Act of 2021 was passed, which expands the ETRC by increasing the credit to 70% of qualified wages paid from January 1, 2021 through June 30, 2021, capped at $10 per employee per quarter. During the second quarter of fiscal 2021, the Company recognized a receivable of $1,418 related to the ETRC which is presented within prepaid expenses and other current assets on the consolidated balance sheet and the related expense reduction is presented within selling, general and administrative expenses on the consolidated statements of operations

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 24, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn October 5, 2021, the Company acquired substantially all of the assets of a specialty center-of-plate producer and distributor in Las Vegas, Nevada. The purchase price was approximately $3,025 paid in cash at closing and is subject to a customary working capital true-up. The Company is required to pay additional contingent consideration, if earned, of up to $5,000 over a four-year period upon successful attainment of certain performance targets.

Operations and Basis of Prese_2

Operations and Basis of Presentation (Policies)	9 Months Ended
	Sep. 24, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period	The Company’s quarterly periods end on the thirteenth Friday of each quarter. Every six to seven years, the Company will add a fourteenth week to its fourth quarter to more closely align its year-end to the calendar year.
Segment Reporting	The Company’s business consists of three operating segments: East Coast, Midwest and West Coast that aggregate into one reportable segment, foodservice distribution, which is concentrated primarily in the United States.
Consolidation	The consolidated financial statements include all the accounts of the Company and its direct and indirect wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.
Unaudited Interim Financial Statements	The accompanying unaudited consolidated financial statements and the related interim information contained within the notes to such unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the applicable rules of the Securities and Exchange Commission (“SEC”) for interim information and quarterly reports on Form 10-Q. Accordingly, they do not include all the information and disclosures required by GAAP for complete financial statements. These unaudited consolidated financial statements and related notes should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto for the fiscal year ended December 25, 2020 filed as part of the Company’s Annual Report on Form 10-K, as filed with the SEC on February 23, 2021. The unaudited consolidated financial statements appearing in this Form 10-Q have been prepared on the same basis as the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K, as filed with the SEC on February 23, 2021, and in the opinion of management, include all normal recurring adjustments that are necessary for the fair statement of the Company’s interim period results. The year-end consolidated balance sheet data was derived from the audited financial statements but does not include all disclosures required by GAAP. Due to seasonal fluctuations, the Pandemic and other factors, the results of operations for the thirteen and thirty-nine weeks ended September 24, 2021 are not necessarily indicative of the results to be expected for the full year.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make significant 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 revenues and expenses during the reporting periods. Actual results could differ from management’s estimates.
Guidance Adopted in Fiscal 2021	Guidance Adopted in Fiscal 2021 Simplifying the Accounting for Income Taxes: In December 2019, the Financial Accounting Standards Board (the “FASB”) issued guidance that eliminates certain exceptions related to the approach for intraperiod tax allocations, the methodology for calculating income taxes in an interim period and other simplifications and clarifications. As a result of the new guidance, the Company may recognize additional income tax benefits during interim periods in which interim losses exceed full year projections due to provisions in the guidance that remove loss limitation rules. This guidance was adopted on December 26, 2020 and adoption had an immaterial impact on the Company’s consolidated financial statements. Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity: In August 2020, the FASB issued guidance that simplifies the accounting models for financial instruments with characteristics of debt and equity. The amendments in the guidance result in fewer instances in which an embedded conversion feature must be accounted for separately from its host contract. This guidance will be effective for fiscal years beginning after December 15, 2021. This guidance was adopted on December 26, 2020 and adoption did not impact the Company’s consolidated financial statements.
Revenue Recognition and Food Processing Costs	Revenues from product sales are recognized at the point at which control of each product is transferred to the customer. The Company’s contracts contain performance obligations which are satisfied when customers have physical possession of each product. The majority of customer orders are fulfilled within a day and customer payment terms are typically 20 to 60 days from delivery. Shipping and handling activities are costs to fulfill the Company’s performance obligations. These costs are expensed as incurred and presented within selling, general and administrative expenses on the consolidated statements of operations. The Company offers certain sales incentives to customers in the form of rebates or discounts. These sales incentives are accounted as variable consideration. The Company estimates these amounts based on the expected amount to be provided to customers and records a corresponding reduction in revenue. The Company does not expect a significant reversal in the amount of cumulative revenue recognized. Sales tax billed to customers is not included in revenue but rather recorded as a liability owed to the respective taxing authorities at the time the sale is recognized.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 24, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents the Company’s net sales disaggregated by principal product category: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 24, 2021 September 25, 2020 September 24, 2021 September 25, 2020 Center-of-the-Plate $ 238,783 49.3 % $ 115,570 45.5 % $ 593,717 50.0 % $ 395,224 47.6 % Dry Goods 66,455 13.7 % 31,495 12.4 % 163,352 13.8 % 113,480 13.7 % Pastry 48,842 10.1 % 27,618 10.9 % 118,952 10.0 % 92,427 11.1 % Cheese and Charcuterie 40,403 8.3 % 33,329 13.1 % 97,805 8.2 % 83,996 10.1 % Produce 35,900 7.4 % 24,172 9.5 % 87,049 7.3 % 60,240 7.3 % Dairy and Eggs 21,922 4.5 % 6,301 2.5 % 53,405 4.5 % 35,942 4.3 % Oils and Vinegars 21,855 4.5 % 9,487 3.7 % 48,210 4.1 % 31,082 3.7 % Kitchen Supplies 10,161 2.2 % 6,058 2.4 % 25,016 2.1 % 17,566 2.2 % Total $ 484,321 100 % $ 254,030 100 % $ 1,187,506 100 % $ 829,957 100 %

Net Income (Loss) per Share (Ta

Net Income (Loss) per Share (Tables)	9 Months Ended
	Sep. 24, 2021
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted net income (loss) per share	The following table sets forth the computation of basic and diluted net income (loss) per common share: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 24, 2021 September 25, 2020 September 24, 2021 September 25, 2020 Net income (loss) per share: Basic $ 0.09 $ (0.31) $ (0.36) $ (1.39) Diluted $ 0.09 $ (0.31) $ (0.36) $ (1.39) Weighted average common shares: Basic 36,875,784 36,283,883 36,701,927 32,868,162 Diluted 37,105,746 36,283,883 36,701,927 32,868,162
Schedule of reconciliation of net income (loss) per common share	Reconciliation of net income (loss) per common share: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 24, 2021 September 25, 2020 September 24, 2021 September 25, 2020 Numerator: Net income (loss) $ 3,456 $ (11,427) $ (13,367) $ (45,846) Denominator: Weighted average basic common shares outstanding 36,875,784 36,283,883 36,701,927 32,868,162 Dilutive effect of stock options and unvested common shares 229,962 — — — Weighted average diluted common shares outstanding 37,105,746 36,283,883 36,701,927 32,868,162
Schedule of dilutive securities that have been excluded from the calculation of diluted net income (loss) per common share	Potentially dilutive securities that have been excluded from the calculation of diluted net income (loss) per common share because the effect is anti-dilutive are as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 24, 2021 September 25, 2020 September 24, 2021 September 25, 2020 Restricted share awards (“RSAs”) 50,412 742,692 297,978 689,907 Stock options — 115,639 38,102 115,639 Warrants 126,359 — 84,854 — Convertible notes 4,616,033 3,484,788 4,341,664 3,484,788

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 24, 2021
Fair Value Disclosures [Abstract]
Schedule of changes in Level 3 contingent consideration liability	The following table presents the changes in Level 3 contingent earn-out liabilities: Fells Point Bassian Sid Wainer Other Acquisitions Total Balance December 27, 2019 $ 4,544 $ 7,957 $ — $ 2,197 $ 14,698 Acquisition value — — 2,081 1,383 3,464 Cash payments — (2,250) — (1,677) (3,927) Changes in fair value (4,544) (4,631) (1,570) (734) (11,479) Balance December 25, 2020 $ — $ 1,076 $ 511 $ 1,169 $ 2,756 Acquisition value — — — 3,400 3,400 Cash payments — — — (83) (83) Changes in fair value — 39 (511) (887) (1,359) Balance September 24, 2021 $ — $ 1,115 $ — $ 3,599 $ 4,714
Schedule of carrying value and fair value of the Company's convertible subordinated notes	The following table presents the carrying value and fair value of the Company’s convertible notes. In estimating the fair value of the convertible notes, the Company utilized Level 3 inputs including prevailing market interest rates to estimate the debt portion of the instrument and a Black Scholes valuation model to estimate the fair value of the conversion option. The Black Scholes model utilizes the market price of the Company’s common stock, estimates of the stock’s volatility and the prevailing risk-free interest rate in calculating the fair value estimate. September 24, 2021 December 25, 2020 Carrying Value Fair Value Carrying Value Fair Value Convertible Senior Notes $ 200,000 $ 199,592 $ 150,000 $ 163,204 Convertible Unsecured Note $ 4,000 $ 3,901 $ 4,000 $ 4,290

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 24, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of pro forma consolidated statement of operations information	The Company reflected net sales and loss before taxes in its consolidated statement of operations related to the fiscal 2021 acquisitions as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 24, 2021 September 24, 2021 Net sales $ 16,052 $ 25,090 Loss before income taxes $ (285) $ (379)
Schedule of purchase price allocation	The table below sets forth the purchase price allocation of these acquisitions: Current assets $ 4,240 Customer relationships 2,431 Trademarks 1,890 Goodwill 5,496 Fixed assets 707 Right-of-use assets 761 Lease liabilities (761) Current liabilities (2,964) Earn-out liability (3,400) Issuance of warrants (1,120) Total cash consideration $ 7,280

Equipment, Leasehold Improvem_2

Equipment, Leasehold Improvements and Software (Tables)	9 Months Ended
	Sep. 24, 2021
Property, Plant and Equipment [Abstract]
Schedule of equipment, leasehold improvements and software	Equipment, leasehold improvements and software as of September 24, 2021 and December 25, 2020 consisted of the following: Useful Lives September 24, 2021 December 25, 2020 Land Indefinite $ 5,020 $ 5,020 Buildings 20 years 15,778 15,685 Machinery and equipment 5 - 10 years 25,969 24,900 Computers, data processing and other equipment 3 - 7 years 14,856 14,207 Software 3 - 7 years 39,834 33,063 Leasehold improvements 1 - 40 years 68,754 68,747 Furniture and fixtures 7 years 3,497 3,412 Vehicles 5 - 7 years 22,619 21,873 Other 7 years 88 88 Construction-in-process 16,837 8,115 213,252 195,110 Less: accumulated depreciation and amortization (95,109) (79,662) Equipment, leasehold improvements and software, net $ 118,143 $ 115,448 The components of depreciation and amortization expense were as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 24, 2021 September 25, 2020 September 24, 2021 September 25, 2020 Depreciation expense $ 3,903 $ 3,792 $ 11,679 $ 11,023 Software amortization $ 1,707 $ 1,247 $ 4,591 $ 3,691 $ 5,610 $ 5,039 $ 16,270 $ 14,714

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 24, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The changes in the carrying amount of goodwill are presented as follows: Carrying amount as of December 25, 2020 $ 214,864 Acquisitions 5,496 Foreign currency translation 16 Carrying amount as of September 24, 2021 $ 220,376
Schedule of other intangible assets	Other intangible assets as of September 24, 2021 and December 25, 2020 consisted of the following: September 24, 2021 Weighted-Average Gross Carrying Amount Accumulated Amortization Net Amount Customer relationships 122 months $ 144,130 $ (62,570) $ 81,560 Non-compete agreements 29 months 8,579 (7,952) 627 Trademarks 181 months 45,826 (22,317) 23,509 Total $ 198,535 $ (92,839) $ 105,696 December 25, 2020 Weighted-Average Gross Carrying Amount Accumulated Amortization Net Amount Customer relationships 128 months $ 141,679 $ (55,135) $ 86,544 Non-compete agreements 37 months 8,579 (7,752) 827 Trademarks 209 months 44,520 (20,174) 24,346 Total $ 194,778 $ (83,061) $ 111,717
Schedule of estimated future amortization expense	Estimated amortization expense for other intangible assets for the remainder of the fiscal year ending December 24, 2021 and each of the next four fiscal years and thereafter is as follows: 2021 $ 3,136 2022 11,765 2023 10,736 2024 9,876 2025 9,459 Thereafter 60,724 Total $ 105,696

Debt Obligations (Tables)

Debt Obligations (Tables)	9 Months Ended
	Sep. 24, 2021
Debt Disclosure [Abstract]
Schedule of debt obligations	Debt obligations as of September 24, 2021 and December 25, 2020 consisted of the following: September 24, 2021 December 25, 2020 Senior secured term loans $ 169,103 $ 201,553 Convertible senior notes 200,000 150,000 Asset-based loan facility 20,000 40,000 Finance lease and other financing obligations 14,350 15,798 Convertible unsecured note 4,000 4,000 Deferred finance fees and original issue premium (discount) (6,850) (7,172) Total debt obligations 400,603 404,179 Less: current installments (5,624) (6,095) Total debt obligations excluding current installments $ 394,979 $ 398,084
Schedule of convertible senior notes	The net carry value of the Company’s Convertible Senior Notes as of September 24, 2021 and December 25, 2020 was: September 24, 2021 December 25, 2020 Principal amount outstanding $ 200,000 $ 150,000 Unamortized deferred financing fees and premium 3,366 4,999 Net carry value $ 203,366 $ 154,999
Schedule of components of interest expense	The components of interest expense on the Company’s Convertible Senior Notes were as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 24, 2021 September 25, 2020 September 24, 2021 September 25, 2020 Coupon interest $ 937 $ 703 $ 2,656 $ 2,109 Amortization of deferred financing fees and premium $ 224 $ 250 $ 689 $ 750 Total interest $ 1,161 $ 953 $ 3,345 $ 2,859

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 24, 2021
Stockholders' Equity Note [Abstract]
Schedule of restricted stock awards activity	The following table reflects the activity of RSAs during the thirty-nine weeks ended September 24, 2021: Time-based Performance-based Market-based Shares Weighted Average Shares Weighted Average Shares Weighted Average Unvested at December 25, 2020 901,318 $ 16.14 — $ — 26,952 $ 30.16 Granted 356,956 31.72 199,231 32.00 199,241 31.44 Vested (588,535) 12.09 — — — — Forfeited (61,306) 27.41 (12,536) 32.00 (14,508) 31.24 Unvested at September 24, 2021 608,433 $ 28.04 186,695 $ 32.00 211,685 $ 31.29

Supplemental Disclosures of C_2

Supplemental Disclosures of Cash Flow Information (Tables)	9 Months Ended
	Sep. 24, 2021
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental disclosures of cash flow information	Thirty-Nine Weeks Ended September 24, 2021 September 25, 2020 Supplemental cash flow disclosures: Cash paid for income taxes, net of cash received $ (194) $ 308 Cash paid for interest, net of cash received $ 10,690 $ 12,741 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 18,965 $ 20,206 Operating cash flows from finance leases $ 411 $ 411 ROU assets obtained in exchange for lease liabilities: Operating leases $ 13,308 $ 5,800 Finance leases $ 536 $ 14,017 Other non-cash investing and financing activities: Warrants issued for acquisitions $ 1,120 $ — Contingent earn-out liabilities for acquisitions $ 3,400 $ 3,464

Operations and Basis of Prese_3

Operations and Basis of Presentation - Narrative (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 24, 2021USD ($)	Sep. 24, 2021segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments		3
Number of reportable segments		1
COVID-19 pandemic
Unusual or Infrequent Item, or Both [Line Items]
Growth in organic sales compared to prior year quarter | $	$ 213,719

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2021	Sep. 25, 2020
Disaggregation of Revenue [Line Items]
Cost of sales	$ 374,346	$ 193,668	$ 922,710	$ 640,681
Food Processing
Disaggregation of Revenue [Line Items]
Cost of sales	$ 7,524	$ 4,276	$ 19,599	$ 13,702
Minimum
Disaggregation of Revenue [Line Items]
Payment term for contracts with customers (in days)			20 days
Maximum
Disaggregation of Revenue [Line Items]
Payment term for contracts with customers (in days)			60 days

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2021	Sep. 25, 2020
Disaggregation of Revenue [Line Items]
Net sales	$ 484,321	$ 254,030	$ 1,187,506	$ 829,957
Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	100.00%	100.00%	100.00%	100.00%
Center-of-the-Plate
Disaggregation of Revenue [Line Items]
Net sales	$ 238,783	$ 115,570	$ 593,717	$ 395,224
Center-of-the-Plate | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	49.30%	45.50%	50.00%	47.60%
Dry Goods
Disaggregation of Revenue [Line Items]
Net sales	$ 66,455	$ 31,495	$ 163,352	$ 113,480
Dry Goods | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	13.70%	12.40%	13.80%	13.70%
Pastry
Disaggregation of Revenue [Line Items]
Net sales	$ 48,842	$ 27,618	$ 118,952	$ 92,427
Pastry | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	10.10%	10.90%	10.00%	11.10%
Cheese and Charcuterie
Disaggregation of Revenue [Line Items]
Net sales	$ 40,403	$ 33,329	$ 97,805	$ 83,996
Cheese and Charcuterie | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	8.30%	13.10%	8.20%	10.10%
Produce
Disaggregation of Revenue [Line Items]
Net sales	$ 35,900	$ 24,172	$ 87,049	$ 60,240
Produce | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	7.40%	9.50%	7.30%	7.30%
Dairy and Eggs
Disaggregation of Revenue [Line Items]
Net sales	$ 21,922	$ 6,301	$ 53,405	$ 35,942
Dairy and Eggs | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	4.50%	2.50%	4.50%	4.30%
Oils and Vinegars
Disaggregation of Revenue [Line Items]
Net sales	$ 21,855	$ 9,487	$ 48,210	$ 31,082
Oils and Vinegars | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	4.50%	3.70%	4.10%	3.70%
Kitchen Supplies
Disaggregation of Revenue [Line Items]
Net sales	$ 10,161	$ 6,058	$ 25,016	$ 17,566
Kitchen Supplies | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	2.20%	2.40%	2.10%	2.20%

Net Income (Loss) per Share - C

Net Income (Loss) per Share - Computation of Basic and Diluted Earnings per Share (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2021	Sep. 25, 2020
Net income (loss) per share:
Basic (in dollars per share)	$ 0.09	$ (0.31)	$ (0.36)	$ (1.39)
Diluted (in dollars per share)	$ 0.09	$ (0.31)	$ (0.36)	$ (1.39)
Weighted average common shares:
Basic (in shares)	36,875,784	36,283,883	36,701,927	32,868,162
Diluted (in shares)	37,105,746	36,283,883	36,701,927	32,868,162

Net Income (Loss) per Share - S

Net Income (Loss) per Share - Schedule of Reconciliation of Earnings per Share (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 24, 2021	Jun. 25, 2021	Mar. 26, 2021	Sep. 25, 2020	Jun. 26, 2020	Mar. 27, 2020	Sep. 24, 2021	Sep. 25, 2020
Numerator:
Net income (loss)	$ 3,456	$ 1,098	$ (17,921)	$ (11,427)	$ (20,334)	$ (14,085)	$ (13,367)	$ (45,846)
Denominator:
Weighted average basic common shares outstanding (in shares)	36,875,784			36,283,883			36,701,927	32,868,162
Dilutive effect of stock options and unvested common shares (in shares)	229,962			0			0	0
Weighted average diluted common shares outstanding (in shares)	37,105,746			36,283,883			36,701,927	32,868,162

Net Income (Loss) per Share -_2

Net Income (Loss) per Share - Schedule of Potentially Dilutive Securities Excluded from Calculation of Diluted Net Loss per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2021	Sep. 25, 2020
Restricted share awards (“RSAs”)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	50,412	742,692	297,978	689,907
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	0	115,639	38,102	115,639
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	126,359	0	84,854	0
Convertible notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	4,616,033	3,484,788	4,341,664	3,484,788

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	Sep. 24, 2021	Dec. 25, 2020
Fair Value Disclosures [Abstract]
Long-term earn-out liabilities	$ 2,339	$ 2,556

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Changes in Level 3 Contingent Consideration Liability (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 24, 2021	Dec. 25, 2020
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	$ 2,756	$ 14,698
Acquisition value	3,400	3,464
Cash payments	(83)	(3,927)
Changes in fair value	(1,359)	(11,479)
Balance at end of period	4,714	2,756
Fells Point
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	0	4,544
Acquisition value	0	0
Cash payments	0	0
Changes in fair value	0	(4,544)
Balance at end of period	0	0
Bassian
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	1,076	7,957
Acquisition value	0	0
Cash payments	0	(2,250)
Changes in fair value	39	(4,631)
Balance at end of period	1,115	1,076
Sid Wainer
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	511	0
Acquisition value	0	2,081
Cash payments	0	0
Changes in fair value	(511)	(1,570)
Balance at end of period	0	511
Other Acquisitions
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	1,169	2,197
Acquisition value	3,400	1,383
Cash payments	(83)	(1,677)
Changes in fair value	(887)	(734)
Balance at end of period	$ 3,599	$ 1,169

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of the Carrying Value and Fair Value of Convertible Subordinated Notes (Details) - Fair Value Inputs Level 3 - USD ($) $ in Thousands	Sep. 24, 2021	Dec. 25, 2020
Senior Notes | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Notes	$ 200,000	$ 150,000
Senior Notes | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Notes	199,592	163,204
Unsecured Note | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Notes	4,000	4,000
Unsecured Note | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Notes	$ 3,901	$ 4,290

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - Acquisitions $ in Thousands	3 Months Ended
	Jun. 25, 2021USD ($)acquisition
Business Acquisition [Line Items]
Number of acquisitions | acquisition	2
Purchase price	$ 8,400
Cash amount paid	7,280
Common stock warrants issued for acquisition	1,120
Estimated fair value of contingent earn-out liability	4,230
Professional fees	$ 86

Acquisitions - Pro Forma Consol

Acquisitions - Pro Forma Consolidated Statement of Operations Information (Details) - Acquisitions - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 24, 2021	Sep. 24, 2021
Business Acquisition [Line Items]
Net sales	$ 16,052	$ 25,090
Loss before income taxes	$ (285)	$ (379)

Acquisitions - Schedule of Purc

Acquisitions - Schedule of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Sep. 24, 2021	Jun. 25, 2021	Dec. 25, 2020
Business Acquisition [Line Items]
Goodwill	$ 220,376		$ 214,864
Acquisitions
Business Acquisition [Line Items]
Current assets		$ 4,240
Goodwill		5,496
Fixed assets		707
Right-of-use assets		761
Lease liabilities		(761)
Current liabilities		(2,964)
Earn-out liability		(3,400)
Issuance of warrants		(1,120)
Total cash consideration		7,280
Acquisitions | Customer relationships
Business Acquisition [Line Items]
Finite-lived intangible assets		2,431
Acquisitions | Trademarks
Business Acquisition [Line Items]
Finite-lived intangible assets		$ 1,890

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($) $ in Thousands	Sep. 24, 2021	Dec. 25, 2020
Inventory Disclosure [Abstract]
Reserves for shrinkage, excess and obsolescence	$ 8,070	$ 9,013

Equipment, Leasehold Improvem_3

Equipment, Leasehold Improvements and Software (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 24, 2021	Dec. 25, 2020
Property, Plant and Equipment [Line Items]
Equipment, leasehold improvements and software, gross	$ 213,252	$ 195,110
Less: accumulated depreciation and amortization	(95,109)	(79,662)
Equipment, leasehold improvements and software, net	118,143	115,448
Land
Property, Plant and Equipment [Line Items]
Equipment, leasehold improvements and software, gross	$ 5,020	5,020
Buildings
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	20 years
Equipment, leasehold improvements and software, gross	$ 15,778	15,685
Machinery and equipment
Property, Plant and Equipment [Line Items]
Equipment, leasehold improvements and software, gross	$ 25,969	24,900
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	5 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	10 years
Computers, data processing and other equipment
Property, Plant and Equipment [Line Items]
Equipment, leasehold improvements and software, gross	$ 14,856	14,207
Computers, data processing and other equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	3 years
Computers, data processing and other equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	7 years
Software
Property, Plant and Equipment [Line Items]
Equipment, leasehold improvements and software, gross	$ 39,834	33,063
Software | Minimum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	3 years
Software | Maximum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	7 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Equipment, leasehold improvements and software, gross	$ 68,754	68,747
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	1 year
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	40 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	7 years
Equipment, leasehold improvements and software, gross	$ 3,497	3,412
Vehicles
Property, Plant and Equipment [Line Items]
Equipment, leasehold improvements and software, gross	$ 22,619	21,873
Vehicles | Minimum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	5 years
Vehicles | Maximum
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	7 years
Other
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	7 years
Equipment, leasehold improvements and software, gross	$ 88	88
Construction-in-process
Property, Plant and Equipment [Line Items]
Equipment, leasehold improvements and software, gross	$ 16,837	$ 8,115

Equipment, Leasehold Improvem_4

Equipment, Leasehold Improvements and Software - Components of Depreciation and Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2021	Sep. 25, 2020	Dec. 25, 2020
Property, Plant and Equipment [Line Items]
Net book value of equipment under finance leases	$ 118,143		$ 118,143		$ 115,448
Depreciation expense and amortization	5,610	$ 5,039	16,270	$ 14,714
Assets held under finance leases
Property, Plant and Equipment [Line Items]
Net book value of equipment under finance leases	12,489		12,489		$ 14,705
Excluding assets held under finance leases
Property, Plant and Equipment [Line Items]
Depreciation expense and amortization	3,903	3,792	11,679	11,023
Software
Property, Plant and Equipment [Line Items]
Depreciation expense and amortization	$ 1,707	$ 1,247	$ 4,591	$ 3,691

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 24, 2021	Jun. 25, 2021	Sep. 25, 2020	Sep. 24, 2021	Sep. 25, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 3,135		$ 3,391	$ 9,778	$ 10,111
Intangible asset impairment		$ 597		$ 597	$ 0

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 24, 2021USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 214,864
Acquisitions	5,496
Foreign currency translation	16
Ending balance	$ 220,376

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Intangible assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 24, 2021	Dec. 25, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 198,535	$ 194,778
Accumulated Amortization	(92,839)	(83,061)
Net Amount	$ 105,696	$ 111,717
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Amortization Period (in months)	122 months	128 months
Gross Carrying Amount	$ 144,130	$ 141,679
Accumulated Amortization	(62,570)	(55,135)
Net Amount	$ 81,560	$ 86,544
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Amortization Period (in months)	29 months	37 months
Gross Carrying Amount	$ 8,579	$ 8,579
Accumulated Amortization	(7,952)	(7,752)
Net Amount	$ 627	$ 827
Trademarks
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Amortization Period (in months)	181 months	209 months
Gross Carrying Amount	$ 45,826	$ 44,520
Accumulated Amortization	(22,317)	(20,174)
Net Amount	$ 23,509	$ 24,346

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Future amortization (Details) $ in Thousands	Sep. 24, 2021USD ($)
Estimated amortization in fiscal year:
2021	$ 3,136
2022	11,765
2023	10,736
2024	9,876
2025	9,459
Thereafter	60,724
Total	$ 105,696

Debt Obligations - Schedule of

Debt Obligations - Schedule of Debt Obligations (Details) - USD ($) $ in Thousands	Sep. 24, 2021	Dec. 25, 2020
Debt Instrument [Line Items]
Finance lease and other financing obligations	$ 14,350	$ 15,798
Deferred finance fees and original issue premium (discount)	(6,850)	(7,172)
Total debt obligations	400,603	404,179
Less: current installments	(5,624)	(6,095)
Total debt obligations excluding current installments	394,979	398,084
Senior secured term loans
Debt Instrument [Line Items]
Long-term debt	169,103	201,553
Convertible senior notes
Debt Instrument [Line Items]
Long-term debt	200,000	150,000
Deferred finance fees and original issue premium (discount)	3,366	4,999
Asset-based loan facility
Debt Instrument [Line Items]
Long-term debt	20,000	40,000
Convertible unsecured note
Debt Instrument [Line Items]
Long-term debt	$ 4,000	$ 4,000

Debt Obligations - Narrative (D

Debt Obligations - Narrative (Details) - USD ($)	Mar. 01, 2021	Sep. 24, 2021	Nov. 22, 2019
1.875% Convertible Senior Notes | Convertible senior notes
Debt Instrument [Line Items]
Principle amount	$ 50,000,000		$ 150,000,000
Interest rate	1.875%
Debt issuance costs	$ 1,350,000
Effective interest rate		2.30%
Senior Secured Term Loans, 2022 Tranche | Senior secured term loans
Debt Instrument [Line Items]
Repayment of all outstanding borrowings	$ 31,166,000
Senior Secured Term Loan | Credit facility
Debt Instrument [Line Items]
Effective interest rate		5.60%
Minimum liquidity covenant		$ 35,000,000
EBITDA covenant		10,000,000
Minimum liquidity amount		$ 250,638,000
ABL Facility | Credit facility
Debt Instrument [Line Items]
Effective interest rate		1.30%
Amounts reserved for issuance of letters of credit		$ 20,541,000
Line of credit facility, current borrowing capacity		$ 109,459,000

Debt Obligations - Schedule o_2

Debt Obligations - Schedule of Convertible Senior Notes (Details) - USD ($) $ in Thousands	Sep. 24, 2021	Dec. 25, 2020
Debt Instrument [Line Items]
Unamortized deferred financing fees and premium	$ (6,850)	$ (7,172)
Convertible senior notes
Debt Instrument [Line Items]
Principal amount outstanding	200,000	150,000
Unamortized deferred financing fees and premium	3,366	4,999
Net carry value	$ 203,366	$ 154,999

Debt Obligations - Schedule o_3

Debt Obligations - Schedule of Components of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2021	Sep. 25, 2020
Debt Disclosure [Abstract]
Coupon interest	$ 937	$ 703	$ 2,656	$ 2,109
Amortization of deferred financing fees and premium	224	250	689	750
Total interest	$ 1,161	$ 953	$ 3,345	$ 2,859

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 24, 2021	Jun. 25, 2021	Sep. 25, 2020	Sep. 24, 2021	Sep. 25, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants issued for acquisitions		$ 1,120,000
Number of shares callable by warrants (in shares)		150,000
Exercise price of warrants (in dollars per share)		$ 31.96
Share-based compensation expense, capitalized				$ 0
Number of shares available for grant (in shares)	895,646			895,646
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)				755,428
Weighted average grant date fair value (in usd per share)				$ 31.72
Recognized expense	$ 2,710,000		$ 2,075,000	$ 8,448,000	$ 4,925,000
Total unrecognized compensation cost, RSAs	20,830,000			$ 20,830,000
Weighted average remaining term (in years)				2 years 2 months 12 days
Time , Market, And Performance Based Grants | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)				5 years
Time-based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)				356,956
Weighted average grant date fair value (in usd per share)				$ 31.72
Total unrecognized compensation cost, RSAs	12,531,000			$ 12,531,000
Weighted average remaining term (in years)				2 years 1 month 6 days
Performance-based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)				199,231
Weighted average grant date fair value (in usd per share)				$ 32
Total unrecognized compensation cost, RSAs	$ 8,299,000			$ 8,299,000
Weighted average remaining term (in years)				2 years 4 months 24 days

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Restricted Stock Awards (Details)	9 Months Ended
	Sep. 24, 2021$ / sharesshares
Time-based
Shares
Unvested at beginning balance (in shares) | shares	901,318
Granted (in shares) | shares	356,956
Vested (in shares) | shares	(588,535)
Forfeited (in shares) | shares	(61,306)
Unvested at ending balance (in shares) | shares	608,433
Weighted Average Grant Date Fair Value
Unvested at beginning balance (in usd per shares) | $ / shares	$ 16.14
Granted (in usd per share) | $ / shares	31.72
Vested (in usd per share) | $ / shares	12.09
Forfeited (in usd per share) | $ / shares	27.41
Unvested at ending balance (in usd per shares) | $ / shares	$ 28.04
Performance-based
Shares
Unvested at beginning balance (in shares) | shares	0
Granted (in shares) | shares	199,231
Vested (in shares) | shares	0
Forfeited (in shares) | shares	(12,536)
Unvested at ending balance (in shares) | shares	186,695
Weighted Average Grant Date Fair Value
Unvested at beginning balance (in usd per shares) | $ / shares	$ 0
Granted (in usd per share) | $ / shares	32
Vested (in usd per share) | $ / shares	0
Forfeited (in usd per share) | $ / shares	32
Unvested at ending balance (in usd per shares) | $ / shares	$ 32
Market-based
Shares
Unvested at beginning balance (in shares) | shares	26,952
Granted (in shares) | shares	199,241
Vested (in shares) | shares	0
Forfeited (in shares) | shares	(14,508)
Unvested at ending balance (in shares) | shares	211,685
Weighted Average Grant Date Fair Value
Unvested at beginning balance (in usd per shares) | $ / shares	$ 30.16
Granted (in usd per share) | $ / shares	31.44
Vested (in usd per share) | $ / shares	0
Forfeited (in usd per share) | $ / shares	31.24
Unvested at ending balance (in usd per shares) | $ / shares	$ 31.29

Related Parties - Narrative (De

Related Parties - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2021	Sep. 25, 2020
Related Party Transactions [Abstract]
Ownership interest in facilities owned by entities controlled by company's stockholders (as a percent)			100.00%
Expenses related to transactions with related parties	$ 124	$ 124	$ 370	$ 365

Supplemental Disclosures of C_3

Supplemental Disclosures of Cash Flow Information - Summary of Supplemental Cash Flow Disclosures (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
Supplemental cash flow disclosures:
Cash paid for income taxes, net of cash received	$ (194)	$ 308
Cash paid for interest, net of cash received	10,690	12,741
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	18,965	20,206
Operating cash flows from finance leases	411	411
ROU assets obtained in exchange for lease liabilities:
Operating leases	13,308	5,800
Finance leases	536	14,017
Other non-cash investing and financing activities:
Warrants issued for acquisitions	1,120	0
Contingent earn-out liabilities for acquisitions	$ 3,400	$ 3,464

Coronavirus Aid, Relief, and _2

Coronavirus Aid, Relief, and Economic Security Act (Details) $ in Thousands	Jun. 25, 2021USD ($)
CARES Act
Unusual or Infrequent Item, or Both [Line Items]
Receivable related to the ETRC	$ 1,418

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - Specialty center-of-plate producer and distributor $ in Thousands	Oct. 05, 2021USD ($)
Subsequent Event [Line Items]
Purchase price	$ 3,025
Additional contingent consideration, amount	$ 5,000
Additional contingent consideration, term (in years)	4 years