The Chefs' Warehouse, Inc. (CHEF) 10-Q 27 Jul 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 24, 2022	Jul. 25, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 24, 2022
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
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	CHEF
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		38,260,862
Entity Central Index Key	0001517175
Current Fiscal Year End Date	--12-30
Amendment Flag	false
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 24, 2022	Dec. 24, 2021
Current assets:
Cash and cash equivalents	$ 51,806	$ 115,155
Accounts receivable, net of allowance of $19,798 in 2022 and $20,260 in 2021	208,229	172,540
Inventories, net	181,594	144,491
Prepaid expenses and other current assets	36,323	37,774
Total current assets	477,952	469,960
Equipment, leasehold improvements and software, net	155,564	133,622
Operating lease right-of-use assets	138,591	130,701
Goodwill	237,788	221,775
Intangible assets, net	118,526	104,743
Deferred taxes, net	4,376	9,380
Other assets	4,081	3,614
Total assets	1,136,878	1,073,795
Current liabilities:
Accounts payable	144,547	118,284
Accrued liabilities	44,817	35,390
Short-term operating lease liabilities	17,430	15,882
Accrued compensation	19,292	22,321
Current portion of long-term debt	4,843	5,141
Total current liabilities	230,929	197,018
Long-term debt, net of current portion	392,980	394,160
Operating lease liabilities	134,714	127,296
Other liabilities and deferred credits	4,568	5,110
Total liabilities	763,191	723,584
Commitments and contingencies
Stockholders’ equity:
Preferred Stock - $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at June 24, 2022 and December 24, 2021	0	0
Common Stock - $0.01 par value, 100,000,000 shares authorized, 38,257,455 and 37,887,675 shares issued and outstanding at June 24, 2022 and December 24, 2021, respectively	383	380
Additional paid-in capital	319,364	314,242
Accumulated other comprehensive loss	(1,971)	(2,022)
Retained earnings	55,911	37,611
Total stockholders’ equity	373,687	350,211
Total liabilities and stockholders’ equity	$ 1,136,878	$ 1,073,795

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 24, 2022	Dec. 24, 2021
Current assets:
Accounts receivable, allowance for credit loss, current	$ (19,798)	$ (20,260)
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)	38,257,455	37,887,675
Common Stock, outstanding (in shares)	38,257,455	37,887,675

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Income Statement [Abstract]
Net sales	$ 648,104	$ 422,968	$ 1,160,207	$ 703,185
Cost of sales	492,100	327,094	886,690	548,364
Gross profit	156,004	95,874	273,517	154,821
Selling, general and administrative expenses	124,487	90,358	234,573	170,603
Other operating expenses (income), net	3,883	857	5,046	(313)
Operating income (loss)	27,634	4,659	33,898	(15,469)
Interest expense	4,465	4,408	8,830	9,171
Income (loss) before income taxes	23,169	251	25,068	(24,640)
Provision for income tax expense (benefit)	6,254	(847)	6,768	(7,817)
Net income (loss)	16,915	1,098	18,300	(16,823)
Other comprehensive income:
Foreign currency translation adjustments	(74)	76	51	157
Comprehensive income (loss)	$ 16,841	$ 1,174	$ 18,351	$ (16,666)
Net income (loss) per share:
Basic (in dollars per share)	$ 0.46	$ 0.03	$ 0.49	$ (0.46)
Diluted (in dollars per share)	$ 0.42	$ 0.03	$ 0.47	$ (0.46)
Weighted average common shares outstanding:
Basic (in shares)	37,100,968	36,831,054	37,018,044	36,615,463
Diluted (in shares)	42,053,453	37,081,186	41,896,379	36,615,463

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. 25, 2020		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 tax withholding (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
Balance at Dec. 25, 2020	344,590	$ 373	303,734	(2,051)	42,534
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(16,823)
Cumulative translation adjustment	157
Balance (in shares) at Jun. 25, 2021		37,961,863
Balance at Jun. 25, 2021	333,049	$ 380	308,852	(1,894)	25,711
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 acquisition	1,120		1,120
Cumulative translation adjustment	76			76
Shares surrendered to pay tax withholding (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
Balance (in shares) at Dec. 24, 2021	37,887,675	37,887,675
Balance at Dec. 24, 2021	$ 350,211	$ 380	314,242	(2,022)	37,611
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,385				1,385
Stock compensation (in shares)		433,115
Stock compensation	3,043	$ 4	3,039
Warrants issued for acquisition	1,701		1,701
Cumulative translation adjustment	125			125
Shares surrendered to pay tax withholding (in shares)		(64,329)
Shares surrendered to pay tax withholding	(2,040)	$ (1)	(2,039)
Balance (in shares) at Mar. 25, 2022		38,256,461
Balance at Mar. 25, 2022	$ 354,425	$ 383	316,943	(1,897)	38,996
Balance (in shares) at Dec. 24, 2021	37,887,675	37,887,675
Balance at Dec. 24, 2021	$ 350,211	$ 380	314,242	(2,022)	37,611
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	18,300
Cumulative translation adjustment	$ 51
Balance (in shares) at Jun. 24, 2022	38,257,455	38,257,455
Balance at Jun. 24, 2022	$ 373,687	$ 383	319,364	(1,971)	55,911
Balance (in shares) at Mar. 25, 2022		38,256,461
Balance at Mar. 25, 2022	354,425	$ 383	316,943	(1,897)	38,996
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	16,915				16,915
Stock compensation (in shares)		16,131
Stock compensation	2,939		2,939
Cumulative translation adjustment	(74)			(74)
Shares surrendered to pay tax withholding (in shares)		(15,137)
Shares surrendered to pay tax withholding	$ (518)		(518)
Balance (in shares) at Jun. 24, 2022	38,257,455	38,257,455
Balance at Jun. 24, 2022	$ 373,687	$ 383	$ 319,364	$ (1,971)	$ 55,911

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 24, 2022	Jun. 25, 2021
Cash flows from operating activities:
Net income (loss)	$ 18,300	$ (16,823)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	11,755	10,660
Amortization of intangible assets	6,819	6,643
Benefit for allowance for doubtful accounts	1,817	488
Non-cash operating lease expense	1,076	209
Provision (benefit) for deferred income taxes	5,004	(7,755)
Amortization of deferred financing fees	1,009	1,364
Stock compensation	5,982	5,738
Change in fair value of contingent earn-out liabilities	3,628	(1,420)
Intangible asset impairment	0	597
Loss on asset disposal	17	224
Changes in assets and liabilities, net of acquisitions:
Accounts receivable	(24,659)	(37,107)
Inventories	(30,569)	(39,347)
Prepaid expenses and other current assets	106	(101)
Accounts payable, accrued liabilities and accrued compensation	19,733	52,541
Other assets and liabilities	(237)	167
Net cash provided by (used in) operating activities	19,781	(23,922)
Cash flows from investing activities:
Capital expenditures	(23,490)	(9,574)
Cash paid for acquisitions, net of cash received	(52,007)	(7,165)
Net cash used in investing activities	(75,497)	(16,739)
Cash flows from financing activities:
Payment of debt, finance lease and other financing obligations	(2,769)	(34,372)
Proceeds from debt issuance	0	51,750
Payment of deferred financing fees	(406)	(1,450)
Surrender of shares to pay withholding taxes	(2,558)	(1,487)
Cash paid for contingent earn-out liability	(2,000)	(83)
Payments under asset-based loan facility	0	(20,000)
Net cash used in financing activities	(7,733)	(5,642)
Effect of foreign currency on cash and cash equivalents	100	(58)
Net change in cash and cash equivalents	(63,349)	(46,361)
Cash and cash equivalents-beginning of period	115,155	193,281
Cash and cash equivalents-end of period	$ 51,806	$ 146,920

Operations and Basis of Present

Operations and Basis of Presentation	6 Months Ended
	Jun. 24, 2022
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. Fiscal 2022 will include a fourteenth week in the fourth 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. 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 24, 2021 filed as part of the Company’s Annual Report on Form 10-K, as filed with the SEC on February 22, 2022. 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 22, 2022, 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 COVID-19 pandemic and other factors, the results of operations for the thirteen and twenty-six weeks ended June 24, 2022 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 24, 2022
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 14 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 Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 June 24, 2022 June 25, 2021 Center-of-the-Plate $ 284,286 43.9 % $ 215,089 50.9 % $ 523,062 45.1 % $ 354,934 50.5 % Dry Goods 103,597 16.0 % 57,117 13.5 % 182,112 15.7 % 96,897 13.8 % Pastry 76,320 11.8 % 41,312 9.8 % 134,071 11.6 % 70,110 10.0 % Cheese and Charcuterie 59,109 9.1 % 34,303 8.1 % 102,597 8.8 % 57,402 8.2 % Produce 37,214 5.7 % 30,558 7.2 % 65,111 5.6 % 51,149 7.3 % Dairy and Eggs 39,846 6.1 % 18,902 4.5 % 69,266 6.0 % 31,483 4.5 % Oils and Vinegars 31,517 4.9 % 16,881 4.0 % 55,604 4.8 % 26,355 3.7 % Kitchen Supplies 16,215 2.5 % 8,806 2.0 % 28,384 2.4 % 14,855 2.0 % Total $ 648,104 100 % $ 422,968 100 % $ 1,160,207 100 % $ 703,185 100 % 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 $9,398 and $6,679 for the thirteen weeks ended June 24, 2022 and June 25, 2021, respectively, and $18,434 and $12,075 for the twenty-six weeks ended June 24, 2022 and June 25, 2021, respectively.

Net Income (Loss) per Share

Net Income (Loss) per Share	6 Months Ended
	Jun. 24, 2022
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 Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 June 24, 2022 June 25, 2021 Net income (loss) per share: Basic $ 0.46 $ 0.03 $ 0.49 $ (0.46) Diluted $ 0.42 $ 0.03 $ 0.47 $ (0.46) Weighted average common shares: Basic 37,100,968 36,831,054 37,018,044 36,615,463 Diluted 42,053,453 37,081,186 41,896,379 36,615,463 Reconciliation of net income (loss) per common share: Thirteen Weeks Ended Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 June 24, 2022 June 25, 2021 Numerator: Net income (loss) $ 16,915 $ 1,098 $ 18,300 $ (16,823) Add effect of dilutive securities Interest on convertible notes, net of tax 719 — 1,365 — Net income (loss) available to common shareholders $ 17,634 $ 1,098 $ 19,665 $ (16,823) Denominator: Weighted average basic common shares outstanding 37,100,968 36,831,054 37,018,044 36,615,463 Dilutive effect of unvested common shares 263,071 250,132 296,538 — Dilutive effect of stock options and warrants 73,381 — 56,817 — Dilutive effect of convertible notes 4,616,033 — 4,524,980 — Weighted average diluted common shares outstanding 42,053,453 37,081,186 41,896,379 36,615,463 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 Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 June 24, 2022 June 25, 2021 Restricted share awards (“RSAs”) 106,571 — 83,001 349,389 Stock options and warrants — 103,226 — 91,779 Convertible notes — 4,616,033 91,053 4,205,246

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 24, 2022
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 $2,793 and $3,252 as of June 24, 2022 and December 24, 2021, 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 expenses (income), net on the consolidated statements of operations. The following table presents the changes in Level 3 contingent earn-out liabilities: Total Balance December 24, 2021 $ 6,877 Acquisition value 1,200 Cash payments (2,000) Changes in fair value 3,628 Balance June 24, 2022 $ 9,705 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. June 24, 2022 December 24, 2021 Carrying Value Fair Value Carrying Value Fair Value Convertible Senior Notes $ 200,000 $ 223,854 $ 200,000 $ 206,182 Convertible Unsecured Note $ 4,000 $ 4,474 $ 4,000 $ 4,102

Acquisitions

Acquisitions	6 Months Ended
	Jun. 24, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions During the second quarter of fiscal 2022, the Company completed two acquisitions for an aggregate purchase price of approximately $22,500, paid in cash, subject to customary working capital adjustments. The Company will also pay additional contingent consideration, if earned, in the form of earn-out amounts which could total $2,000 in the aggregate. The Company is in the process of finalizing a valuation of the tangible and intangible assets as of the acquisition date. When applicable, these valuations require the use of Level 3 inputs. Goodwill of $3,947 will be amortized over 15 years for tax purposes. Capital Seaboard On December 28, 2021, pursuant to an asset purchase agreement, the Company acquired substantially all of the assets of CGC Holdings, Inc. (“Capital Seaboard”), a specialty seafood and produce distributor in Maryland. The purchase price was approximately $31,036, consisting of $28,000 paid in cash at closing, common stock warrants valued at $1,701, and $1,335 paid upon settlement of a net working capital true-up. The Company is in the process of finalizing a valuation of tangible and intangible assets of Capital Seaboard as of the acquisition date. When applicable, these valuations require the use of Level 3 inputs. Goodwill for the Capital Seaboard acquisition will be amortized over 15 years for tax purposes. The goodwill recorded primarily reflects the value of acquiring an established specialty seafood and produce distributor to leverage the Company’s existing products in the markets served by Capital Seaboard, to supply Capital Seaboard’s product offerings to our East Coast markets and any intangible assets that do not qualify for separate recognition. The Company reflected net sales and income before taxes in its consolidated statement of operations related to the Capital Seaboard acquisition as follows: Thirteen Weeks Ended Twenty-Six Weeks Ended June 24, 2022 June 24, 2022 Net sales $ 38,671 $ 70,353 Income before income taxes $ 1,759 $ 2,892 The table below presents unaudited pro forma consolidated income statement information of the Company as if the acquisitions had occurred on December 26, 2020. The pro forma results were prepared from financial information obtained from the sellers of the business, as well as information obtained during the due diligence process associated with the acquisitions. The pro forma information is not necessarily indicative of the Company’s results of operations had the acquisitions been completed on the above date, nor is it necessarily indicative of the Company’s future results. The pro forma information does not reflect any cost savings from operating efficiencies or synergies that could result from the acquisitions, any incremental costs for transitioning to become a public company, and also does not reflect additional revenue opportunities following the acquisitions. The pro forma information reflects amortization and depreciation of the acquisitions at their respective fair values. Thirteen Weeks Ended Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 June 24, 2022 June 25, 2021 Net sales $ 667,413 $ 477,733 $ 1,179,516 $ 801,188 Income (loss) before income taxes $ 23,169 $ 1,077 $ 25,068 $ (24,450) The table below sets forth the preliminary purchase price allocation for these acquisitions: Capital Seaboard Other Acquisitions Current assets $ 10,130 $ 8,834 Customer relationships 7,250 10,410 Trademarks 2,280 620 Goodwill 8,334 8,537 Fixed assets 9,552 197 Other assets 122 17 Current liabilities (6,632) (4,915) Earn-out liability — (1,200) Issuance of warrants (1,701) — Total cash consideration $ 29,335 $ 22,500 The Company recognized professional fees of $1,019 in operating expenses related to acquisition related activities in the second quarter of fiscal 2022.

Inventories

Inventories	6 Months Ended
	Jun. 24, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist primarily of finished product and are reflected net of adjustments for shrinkage, excess and obsolescence totaling $9,315 and $8,312 at June 24, 2022 and December 24, 2021, respectively.

Equipment, Leasehold Improvemen

Equipment, Leasehold Improvements and Software	6 Months Ended
	Jun. 24, 2022
Property, Plant and Equipment [Abstract]
Equipment, Leasehold Improvements and Software	Equipment, Leasehold Improvements and Software Equipment, leasehold improvements and software as of June 24, 2022 and December 24, 2021 consisted of the following: Useful Lives June 24, 2022 December 24, 2021 Land Indefinite $ 5,542 $ 5,020 Buildings 20 years 23,443 18,406 Machinery and equipment 5 - 10 years 30,067 28,099 Computers, data processing and other equipment 3 - 7 years 16,386 15,480 Software 3 - 7 years 40,098 39,799 Leasehold improvements 1 - 40 years 92,552 69,105 Furniture and fixtures 7 years 3,671 3,582 Vehicles 5 - 10 years 28,007 29,632 Construction-in-process 23,870 24,355 263,636 233,478 Less: accumulated depreciation and amortization (108,072) (99,856) Equipment, leasehold improvements and software, net $ 155,564 $ 133,622 Construction-in-process at June 24, 2022 related primarily to the implementation of the Company’s Enterprise Resource Planning (“ERP”) system and the build-out of the Company’s Miami distribution facility and at December 24, 2021 related primarily to the build-outs of the Company’s Miami and Los Angeles distribution facilities. The net book value of equipment financed under finance leases at June 24, 2022 and December 24, 2021 was $9,774 and $10,874, respectively. The components of depreciation and amortization expense were as follows: Thirteen Weeks Ended Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 June 24, 2022 June 25, 2021 Depreciation expense $ 4,385 $ 3,841 $ 8,800 $ 7,776 Software amortization $ 1,481 $ 1,712 $ 2,955 $ 2,884 $ 5,866 $ 5,553 $ 11,755 $ 10,660

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 24, 2022
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 24, 2021 $ 221,775 Goodwill adjustments (1) (792) Acquisitions 16,871 Foreign currency translation (66) Carrying amount as of June 24, 2022 $ 237,788 (1) The goodwill adjustments represent measurement period adjustments related to certain acquisitions completed in the prior year. Other intangible assets as of June 24, 2022 and December 24, 2021 consisted of the following: June 24, 2022 Weighted-Average Gross Carrying Amount Accumulated Amortization Net Amount Customer relationships 120 months $ 173,387 $ (79,952) $ 93,435 Non-compete agreements 20 months 8,579 (8,151) 428 Trademarks 163 months 39,407 (14,744) 24,663 Total $ 221,373 $ (102,847) $ 118,526 December 24, 2021 Weighted-Average Gross Carrying Amount Accumulated Amortization Net Amount Customer relationships 120 months $ 155,678 $ (74,644) $ 81,034 Non-compete agreements 26 months 8,579 (8,018) 561 Trademarks 179 months 36,514 (13,366) 23,148 Total $ 200,771 $ (96,028) $ 104,743 Amortization expense for other intangibles was $3,463 and $3,104 for the thirteen weeks ended June 24, 2022 and June 25, 2021, respectively, and $6,819 and $6,643 for the twenty-six weeks ended June 24, 2022 and June 25, 2021, respectively. Estimated amortization expense for other intangible assets for the remainder of the fiscal year ending December 30, 2022 and each of the next four fiscal years and thereafter is as follows: 2022 $ 6,784 2023 13,058 2024 12,200 2025 11,784 2026 11,784 Thereafter 62,916 Total $ 118,526

Debt Obligations

Debt Obligations	6 Months Ended
	Jun. 24, 2022
Debt Disclosure [Abstract]
Debt Obligations	Debt Obligations Debt obligations as of June 24, 2022 and December 24, 2021 consisted of the following: June 24, 2022 December 24, 2021 Senior secured term loans $ 167,819 $ 168,675 Convertible senior notes 200,000 200,000 Asset-based loan facility 20,000 20,000 Finance lease and other financing obligations 10,201 11,602 Convertible unsecured note 4,000 4,000 Deferred finance fees and original issue premium (discount) (4,197) (4,976) Total debt obligations 397,823 399,301 Less: current installments (4,843) (5,141) Total debt obligations excluding current installments $ 392,980 $ 394,160 On March 11, 2022, the Company entered into a third amendment to its asset-based loan facility (“ABL Facility”) which increased the aggregate commitments from $150,000 to $200,000. The interest rate charged on borrowings under the ABL Facility is equal to a spread plus, at the Company’s option, either the Base Rate (as defined in the ABL Credit Agreement) or a forward-looking term rate based on the secured overnight financing rate term (except for swingline loans) for one-, three-, or six-month interest periods chosen by the Company. The ABL Facility matures on March 11, 2027 subject to a springing maturity date of March 24, 2025 should the Company’s term loan not have been extended to at least March 11, 2027 or March 24, 2024 if the Company’s 1.875% Convertible Senior Notes due 2024 in an aggregate principal amount in excess of $40,000 remain outstanding having a maturity date not earlier than six months after March 11, 2027. The ABL Credit Agreement contains customary affirmative covenants, negative covenants and events of default as more particularly described in the ABL Credit Agreement. The Company is required to comply with a minimum consolidated fixed charge coverage ratio of 1:1 if the amount of availability under the ABL Facility falls below $14,000, or 10%, of the lesser of the aggregate commitments and the borrowing base then in effect. The third amendment was accounted for as a debt modification. The Company incurred transaction costs of $406 which were capitalized as deferred financing fees, presented in o ther assets on the Company’s consolidated balance sheets , to be amortized over the term of the ABL Facility. The net carry value of the Company’s Convertible Senior Notes as of June 24, 2022 and December 24, 2021 was: June 24, 2022 December 24, 2021 Principal amount outstanding $ 200,000 $ 200,000 Unamortized deferred financing fees and premium (2,238) (2,686) Net carry value $ 197,762 $ 197,314 The components of interest expense on the Company’s Convertible Senior Notes were as follows: Thirteen Weeks Ended Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 June 24, 2022 June 25, 2021 Coupon interest $ 938 $ 938 $ 1,875 $ 1,719 Amortization of deferred financing fees and premium $ 224 $ 224 $ 448 $ 465 Total interest $ 1,162 $ 1,162 $ 2,323 $ 2,184 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 $222,514 as of June 24, 2022. As of June 24, 2022, the Company had reserved $20,541 of the ABL Facility for the issuance of letters of credit. As of June 24, 2022, funds totaling $159,460 were available for borrowing under the ABL Facility. At June 24, 2022, the interest rate charged on the Company’s senior secured term loan was approximately 6.6% and the interest rate charged on the Company’s ABL Facility was approximately 4.5%.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 24, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Equity Awards The following table reflects the activity of RSAs during the twenty-six weeks ended June 24, 2022: Time-based Performance-based Market-based Shares Weighted Average Shares Weighted Average Shares Weighted Average Unvested at December 24, 2021 617,996 $ 28.33 187,437 $ 32.04 185,129 $ 31.44 Granted 154,822 27.32 167,261 32.44 167,261 29.12 Vested (313,174) 26.38 — — — — Forfeited (12,094) 29.13 (14,001) 32.14 (14,003) 30.82 Unvested at June 24, 2022 447,550 $ 29.32 340,697 $ 32.23 338,387 $ 30.32 The Company granted 489,344 RSAs to its employees and directors at a weighted average grant date fair value of $30.50 during the twenty-six weeks ended June 24, 2022. These awards are a mix of time-, market- and performance-based grants that generally vest over a range of periods up to four years. The Company recognized expense totaling $2,939 and $3,280 on its RSAs during the thirteen weeks ended June 24, 2022 and June 25, 2021, respectively, and $5,982 and $5,738 during the twenty-six weeks ended June 24, 2022 and June 25, 2021, respectively. At June 24, 2022, the total unrecognized compensation cost for unvested RSAs was $23,850 and the weighted-average remaining period was approximately 2.2 years. Of this total, $11,916 related to RSAs with time-based vesting provisions and $11,934 related to RSAs with performance-based vesting provisions. At June 24, 2022, the weighted-average remaining period for time-based vesting and performance-based vesting RSAs were approximately 2.1 years and 2.2 years, respectively. No share-based compensation expense related to the Company’s RSAs or stock options has been capitalized. As of June 24, 2022, there were 2,088,866 shares available for grant under the 2019 Omnibus Equity Incentive Plan.

Related Parties

Related Parties	6 Months Ended
	Jun. 24, 2022
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 $123 during the thirteen weeks ended June 24, 2022 and June 25, 2021, and $246 during the twenty-six weeks ended June 24, 2022 and June 25, 2021.

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information	6 Months Ended
	Jun. 24, 2022
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information	Supplemental Disclosures of Cash Flow Information Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 Supplemental cash flow disclosures: Cash received for income taxes $ (239) $ (208) Cash paid for interest, net of cash received $ 7,718 $ 7,766 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 13,837 $ 12,752 Operating cash flows from finance leases $ 223 $ 282 ROU assets obtained in exchange for lease liabilities: Operating leases $ 20,116 $ 1,625 Finance leases $ 411 $ 162 Other non-cash investing and financing activities: Warrants issued for acquisitions $ 1,701 $ 1,120 Contingent earn-out liabilities for acquisitions $ 1,200 $ 3,400

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 24, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 25, 2022, the Company entered into a stock purchase agreement to acquire substantially all of the shares of a center-of-the-plate distributor in Florida. The purchase price was $10,000 paid in cash at closing and is subject to a customary working capital true-up. The Company has not provided the preliminary purchase price allocation for this acquisition as the initial accounting is incomplete .

Operations and Basis of Prese_2

Operations and Basis of Presentation (Policies)	6 Months Ended
	Jun. 24, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period	The Company’s quarterly periods end on the thirteenth Friday of each quarter. Fiscal 2022 will include a fourteenth week in the fourth 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 24, 2021 filed as part of the Company’s Annual Report on Form 10-K, as filed with the SEC on February 22, 2022. 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 22, 2022, 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 COVID-19 pandemic and other factors, the results of operations for the thirteen and twenty-six weeks ended June 24, 2022 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.
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 14 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)	6 Months Ended
	Jun. 24, 2022
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 Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 June 24, 2022 June 25, 2021 Center-of-the-Plate $ 284,286 43.9 % $ 215,089 50.9 % $ 523,062 45.1 % $ 354,934 50.5 % Dry Goods 103,597 16.0 % 57,117 13.5 % 182,112 15.7 % 96,897 13.8 % Pastry 76,320 11.8 % 41,312 9.8 % 134,071 11.6 % 70,110 10.0 % Cheese and Charcuterie 59,109 9.1 % 34,303 8.1 % 102,597 8.8 % 57,402 8.2 % Produce 37,214 5.7 % 30,558 7.2 % 65,111 5.6 % 51,149 7.3 % Dairy and Eggs 39,846 6.1 % 18,902 4.5 % 69,266 6.0 % 31,483 4.5 % Oils and Vinegars 31,517 4.9 % 16,881 4.0 % 55,604 4.8 % 26,355 3.7 % Kitchen Supplies 16,215 2.5 % 8,806 2.0 % 28,384 2.4 % 14,855 2.0 % Total $ 648,104 100 % $ 422,968 100 % $ 1,160,207 100 % $ 703,185 100 %

Net Income (Loss) per Share (Ta

Net Income (Loss) per Share (Tables)	6 Months Ended
	Jun. 24, 2022
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 Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 June 24, 2022 June 25, 2021 Net income (loss) per share: Basic $ 0.46 $ 0.03 $ 0.49 $ (0.46) Diluted $ 0.42 $ 0.03 $ 0.47 $ (0.46) Weighted average common shares: Basic 37,100,968 36,831,054 37,018,044 36,615,463 Diluted 42,053,453 37,081,186 41,896,379 36,615,463
Schedule of reconciliation of net income (loss) per common share	Reconciliation of net income (loss) per common share: Thirteen Weeks Ended Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 June 24, 2022 June 25, 2021 Numerator: Net income (loss) $ 16,915 $ 1,098 $ 18,300 $ (16,823) Add effect of dilutive securities Interest on convertible notes, net of tax 719 — 1,365 — Net income (loss) available to common shareholders $ 17,634 $ 1,098 $ 19,665 $ (16,823) Denominator: Weighted average basic common shares outstanding 37,100,968 36,831,054 37,018,044 36,615,463 Dilutive effect of unvested common shares 263,071 250,132 296,538 — Dilutive effect of stock options and warrants 73,381 — 56,817 — Dilutive effect of convertible notes 4,616,033 — 4,524,980 — Weighted average diluted common shares outstanding 42,053,453 37,081,186 41,896,379 36,615,463
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 Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 June 24, 2022 June 25, 2021 Restricted share awards (“RSAs”) 106,571 — 83,001 349,389 Stock options and warrants — 103,226 — 91,779 Convertible notes — 4,616,033 91,053 4,205,246

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 24, 2022
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: Total Balance December 24, 2021 $ 6,877 Acquisition value 1,200 Cash payments (2,000) Changes in fair value 3,628 Balance June 24, 2022 $ 9,705
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. June 24, 2022 December 24, 2021 Carrying Value Fair Value Carrying Value Fair Value Convertible Senior Notes $ 200,000 $ 223,854 $ 200,000 $ 206,182 Convertible Unsecured Note $ 4,000 $ 4,474 $ 4,000 $ 4,102

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 24, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of pro forma consolidated statement of operations information	The Company reflected net sales and income before taxes in its consolidated statement of operations related to the Capital Seaboard acquisition as follows: Thirteen Weeks Ended Twenty-Six Weeks Ended June 24, 2022 June 24, 2022 Net sales $ 38,671 $ 70,353 Income before income taxes $ 1,759 $ 2,892 Thirteen Weeks Ended Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 June 24, 2022 June 25, 2021 Net sales $ 667,413 $ 477,733 $ 1,179,516 $ 801,188 Income (loss) before income taxes $ 23,169 $ 1,077 $ 25,068 $ (24,450)
Schedule of purchase price allocation	The table below sets forth the preliminary purchase price allocation for these acquisitions: Capital Seaboard Other Acquisitions Current assets $ 10,130 $ 8,834 Customer relationships 7,250 10,410 Trademarks 2,280 620 Goodwill 8,334 8,537 Fixed assets 9,552 197 Other assets 122 17 Current liabilities (6,632) (4,915) Earn-out liability — (1,200) Issuance of warrants (1,701) — Total cash consideration $ 29,335 $ 22,500

Equipment, Leasehold Improvem_2

Equipment, Leasehold Improvements and Software (Tables)	6 Months Ended
	Jun. 24, 2022
Property, Plant and Equipment [Abstract]
Schedule of equipment, leasehold improvements and software	Equipment, leasehold improvements and software as of June 24, 2022 and December 24, 2021 consisted of the following: Useful Lives June 24, 2022 December 24, 2021 Land Indefinite $ 5,542 $ 5,020 Buildings 20 years 23,443 18,406 Machinery and equipment 5 - 10 years 30,067 28,099 Computers, data processing and other equipment 3 - 7 years 16,386 15,480 Software 3 - 7 years 40,098 39,799 Leasehold improvements 1 - 40 years 92,552 69,105 Furniture and fixtures 7 years 3,671 3,582 Vehicles 5 - 10 years 28,007 29,632 Construction-in-process 23,870 24,355 263,636 233,478 Less: accumulated depreciation and amortization (108,072) (99,856) Equipment, leasehold improvements and software, net $ 155,564 $ 133,622 The components of depreciation and amortization expense were as follows: Thirteen Weeks Ended Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 June 24, 2022 June 25, 2021 Depreciation expense $ 4,385 $ 3,841 $ 8,800 $ 7,776 Software amortization $ 1,481 $ 1,712 $ 2,955 $ 2,884 $ 5,866 $ 5,553 $ 11,755 $ 10,660

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 24, 2022
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 24, 2021 $ 221,775 Goodwill adjustments (1) (792) Acquisitions 16,871 Foreign currency translation (66) Carrying amount as of June 24, 2022 $ 237,788
Schedule of other intangible assets	Other intangible assets as of June 24, 2022 and December 24, 2021 consisted of the following: June 24, 2022 Weighted-Average Gross Carrying Amount Accumulated Amortization Net Amount Customer relationships 120 months $ 173,387 $ (79,952) $ 93,435 Non-compete agreements 20 months 8,579 (8,151) 428 Trademarks 163 months 39,407 (14,744) 24,663 Total $ 221,373 $ (102,847) $ 118,526 December 24, 2021 Weighted-Average Gross Carrying Amount Accumulated Amortization Net Amount Customer relationships 120 months $ 155,678 $ (74,644) $ 81,034 Non-compete agreements 26 months 8,579 (8,018) 561 Trademarks 179 months 36,514 (13,366) 23,148 Total $ 200,771 $ (96,028) $ 104,743
Schedule of estimated future amortization expense	Estimated amortization expense for other intangible assets for the remainder of the fiscal year ending December 30, 2022 and each of the next four fiscal years and thereafter is as follows: 2022 $ 6,784 2023 13,058 2024 12,200 2025 11,784 2026 11,784 Thereafter 62,916 Total $ 118,526

Debt Obligations (Tables)

Debt Obligations (Tables)	6 Months Ended
	Jun. 24, 2022
Debt Disclosure [Abstract]
Schedule of debt obligations	Debt obligations as of June 24, 2022 and December 24, 2021 consisted of the following: June 24, 2022 December 24, 2021 Senior secured term loans $ 167,819 $ 168,675 Convertible senior notes 200,000 200,000 Asset-based loan facility 20,000 20,000 Finance lease and other financing obligations 10,201 11,602 Convertible unsecured note 4,000 4,000 Deferred finance fees and original issue premium (discount) (4,197) (4,976) Total debt obligations 397,823 399,301 Less: current installments (4,843) (5,141) Total debt obligations excluding current installments $ 392,980 $ 394,160
Schedule of convertible senior notes	The net carry value of the Company’s Convertible Senior Notes as of June 24, 2022 and December 24, 2021 was: June 24, 2022 December 24, 2021 Principal amount outstanding $ 200,000 $ 200,000 Unamortized deferred financing fees and premium (2,238) (2,686) Net carry value $ 197,762 $ 197,314
Schedule of components of interest expense	The components of interest expense on the Company’s Convertible Senior Notes were as follows: Thirteen Weeks Ended Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 June 24, 2022 June 25, 2021 Coupon interest $ 938 $ 938 $ 1,875 $ 1,719 Amortization of deferred financing fees and premium $ 224 $ 224 $ 448 $ 465 Total interest $ 1,162 $ 1,162 $ 2,323 $ 2,184

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 24, 2022
Stockholders' Equity Note [Abstract]
Schedule of restricted stock awards activity	The following table reflects the activity of RSAs during the twenty-six weeks ended June 24, 2022: Time-based Performance-based Market-based Shares Weighted Average Shares Weighted Average Shares Weighted Average Unvested at December 24, 2021 617,996 $ 28.33 187,437 $ 32.04 185,129 $ 31.44 Granted 154,822 27.32 167,261 32.44 167,261 29.12 Vested (313,174) 26.38 — — — — Forfeited (12,094) 29.13 (14,001) 32.14 (14,003) 30.82 Unvested at June 24, 2022 447,550 $ 29.32 340,697 $ 32.23 338,387 $ 30.32

Supplemental Disclosures of C_2

Supplemental Disclosures of Cash Flow Information (Tables)	6 Months Ended
	Jun. 24, 2022
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental disclosures of cash flow information	Twenty-Six Weeks Ended June 24, 2022 June 25, 2021 Supplemental cash flow disclosures: Cash received for income taxes $ (239) $ (208) Cash paid for interest, net of cash received $ 7,718 $ 7,766 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 13,837 $ 12,752 Operating cash flows from finance leases $ 223 $ 282 ROU assets obtained in exchange for lease liabilities: Operating leases $ 20,116 $ 1,625 Finance leases $ 411 $ 162 Other non-cash investing and financing activities: Warrants issued for acquisitions $ 1,701 $ 1,120 Contingent earn-out liabilities for acquisitions $ 1,200 $ 3,400

Operations and Basis of Prese_3

Operations and Basis of Presentation - Narrative (Details)	6 Months Ended
	Jun. 24, 2022 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	3
Number of reportable segments	1

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Disaggregation of Revenue [Line Items]
Cost of sales	$ 492,100	$ 327,094	$ 886,690	$ 548,364
Food Processing
Disaggregation of Revenue [Line Items]
Cost of sales	$ 9,398	$ 6,679	$ 18,434	$ 12,075
Minimum
Disaggregation of Revenue [Line Items]
Payment term for contracts with customers (in days)			14 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		6 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 648,104	$ 422,968	$ 1,160,207	$ 703,185
Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	100%	100%	100%	100%
Center-of-the-Plate
Disaggregation of Revenue [Line Items]
Net sales	$ 284,286	$ 215,089	$ 523,062	$ 354,934
Center-of-the-Plate | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	43.90%	50.90%	45.10%	50.50%
Dry Goods
Disaggregation of Revenue [Line Items]
Net sales	$ 103,597	$ 57,117	$ 182,112	$ 96,897
Dry Goods | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	16%	13.50%	15.70%	13.80%
Pastry
Disaggregation of Revenue [Line Items]
Net sales	$ 76,320	$ 41,312	$ 134,071	$ 70,110
Pastry | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	11.80%	9.80%	11.60%	10%
Cheese and Charcuterie
Disaggregation of Revenue [Line Items]
Net sales	$ 59,109	$ 34,303	$ 102,597	$ 57,402
Cheese and Charcuterie | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	9.10%	8.10%	8.80%	8.20%
Produce
Disaggregation of Revenue [Line Items]
Net sales	$ 37,214	$ 30,558	$ 65,111	$ 51,149
Produce | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	5.70%	7.20%	5.60%	7.30%
Dairy and Eggs
Disaggregation of Revenue [Line Items]
Net sales	$ 39,846	$ 18,902	$ 69,266	$ 31,483
Dairy and Eggs | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	6.10%	4.50%	6%	4.50%
Oils and Vinegars
Disaggregation of Revenue [Line Items]
Net sales	$ 31,517	$ 16,881	$ 55,604	$ 26,355
Oils and Vinegars | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	4.90%	4%	4.80%	3.70%
Kitchen Supplies
Disaggregation of Revenue [Line Items]
Net sales	$ 16,215	$ 8,806	$ 28,384	$ 14,855
Kitchen Supplies | Net Sales | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of total net sales	2.50%	2%	2.40%	2%

Net Income (Loss) per Share - C

Net Income (Loss) per Share - Computation of Basic and Diluted Earnings per Share (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Net income (loss) per share:
Basic (in dollars per share)	$ 0.46	$ 0.03	$ 0.49	$ (0.46)
Diluted (in dollars per share)	$ 0.42	$ 0.03	$ 0.47	$ (0.46)
Weighted average common shares:
Basic (in shares)	37,100,968	36,831,054	37,018,044	36,615,463
Diluted (in shares)	42,053,453	37,081,186	41,896,379	36,615,463

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				6 Months Ended
	Jun. 24, 2022	Mar. 25, 2022	Jun. 25, 2021	Mar. 26, 2021	Jun. 24, 2022	Jun. 25, 2021
Numerator:
Net income (loss)	$ 16,915	$ 1,385	$ 1,098	$ (17,921)	$ 18,300	$ (16,823)
Denominator:
Weighted average basic common shares outstanding (in shares)	37,100,968		36,831,054		37,018,044	36,615,463
Dilutive effect of unvested common shares (in shares)	263,071		250,132		296,538	0
Dilutive effect of stock options and warrants (in shares)	73,381		0		56,817	0
Dilutive effect of convertible notes (in shares)	4,616,033		0		4,524,980	0
Weighted average diluted common shares outstanding (in shares)	42,053,453		37,081,186		41,896,379	36,615,463
Interest on convertible notes, net of tax	$ 719		$ 0		$ 1,365	$ 0
Net income (loss) available to common shareholders	$ 17,634		$ 1,098		$ 19,665	$ (16,823)

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		6 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Restricted share awards (“RSAs”)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	106,571	0	83,001	349,389
Stock options and warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	0	103,226	0	91,779
Convertible notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	0	4,616,033	91,053	4,205,246

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	Jun. 24, 2022	Dec. 24, 2021
Fair Value Disclosures [Abstract]
Long-term earn-out liabilities	$ 2,793	$ 3,252

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Changes in Level 3 Contingent Consideration Liability (Details) $ in Thousands	6 Months Ended
	Jun. 24, 2022 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	$ 6,877
Acquisition value	1,200
Cash payments	(2,000)
Changes in fair value	3,628
Balance at end of period	$ 9,705

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	Jun. 24, 2022	Dec. 24, 2021
Convertible Senior Notes | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Notes	$ 200,000	$ 200,000
Convertible Senior Notes | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Notes	223,854	206,182
Convertible Unsecured Note | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Notes	4,000	4,000
Convertible Unsecured Note | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Notes	$ 4,474	$ 4,102

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Thousands		3 Months Ended
	Dec. 28, 2021 USD ($)	Jun. 24, 2022 USD ($) acquisition	Mar. 25, 2022 USD ($)	Dec. 24, 2021 USD ($)
Business Acquisition [Line Items]
Number of acquisitions | acquisition		2
Goodwill		$ 237,788		$ 221,775
Common stock warrants issued for acquisition	$ 1,701
Professional fees			$ 1,019
Capital Seaboard
Business Acquisition [Line Items]
Total cash consideration	29,335
Goodwill	8,334
Purchase price	31,036
Cash amount paid	28,000
Net working capital adjustment	$ 1,335
Other Acquisitions
Business Acquisition [Line Items]
Total cash consideration		22,500
Estimated fair value of contingent earn-out liability		2,000
Goodwill		8,537
Two Acquisitions
Business Acquisition [Line Items]
Goodwill		$ 3,947

Acquisitions - Pro Forma Consol

Acquisitions - Pro Forma Consolidated Statement of Operations Information - Capital Seaboard (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Net sales	$ 38,671		$ 70,353
Income before income taxes	1,759		2,892
Capital Seaboard
Business Acquisition [Line Items]
Net sales	667,413	$ 477,733	1,179,516	$ 801,188
Income (loss) before income taxes	$ 23,169	$ 1,077	$ 25,068	$ (24,450)

Acquisitions - Schedule of Purc

Acquisitions - Schedule of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Jun. 24, 2022	Dec. 28, 2021	Dec. 24, 2021
Business Acquisition [Line Items]
Goodwill	$ 237,788		$ 221,775
Capital Seaboard
Business Acquisition [Line Items]
Current assets		$ 10,130
Goodwill		8,334
Fixed assets		9,552
Other assets		122
Current liabilities		(6,632)
Earn-out liability		0
Issuance of warrants		(1,701)
Total cash consideration		29,335
Capital Seaboard | Customer relationships
Business Acquisition [Line Items]
Finite-lived intangible assets		7,250
Capital Seaboard | Trademarks
Business Acquisition [Line Items]
Finite-lived intangible assets		$ 2,280
Other Acquisitions
Business Acquisition [Line Items]
Current assets	8,834
Goodwill	8,537
Fixed assets	197
Other assets	17
Current liabilities	(4,915)
Earn-out liability	(1,200)
Issuance of warrants	0
Total cash consideration	22,500
Other Acquisitions | Customer relationships
Business Acquisition [Line Items]
Finite-lived intangible assets	10,410
Other Acquisitions | Trademarks
Business Acquisition [Line Items]
Finite-lived intangible assets	$ 620

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($) $ in Thousands	Jun. 24, 2022	Dec. 24, 2021
Inventory Disclosure [Abstract]
Reserves for shrinkage, excess and obsolescence	$ 9,315	$ 8,312

Equipment, Leasehold Improvem_3

Equipment, Leasehold Improvements and Software (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 24, 2022	Dec. 24, 2021
Property, Plant and Equipment [Line Items]
Equipment, leasehold improvements and software, gross	$ 263,636	$ 233,478
Less: accumulated depreciation and amortization	(108,072)	(99,856)
Equipment, leasehold improvements and software, net	155,564	133,622
Land
Property, Plant and Equipment [Line Items]
Equipment, leasehold improvements and software, gross	$ 5,542	5,020
Buildings
Property, Plant and Equipment [Line Items]
Useful Lives (in years)	20 years
Equipment, leasehold improvements and software, gross	$ 23,443	18,406
Machinery and equipment
Property, Plant and Equipment [Line Items]
Equipment, leasehold improvements and software, gross	$ 30,067	28,099
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	$ 16,386	15,480
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	$ 40,098	39,799
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	$ 92,552	69,105
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	$ 3,671	3,582
Vehicles
Property, Plant and Equipment [Line Items]
Equipment, leasehold improvements and software, gross	$ 28,007	29,632
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)	10 years
Construction-in-process
Property, Plant and Equipment [Line Items]
Equipment, leasehold improvements and software, gross	$ 23,870	$ 24,355

Equipment, Leasehold Improvem_4

Equipment, Leasehold Improvements and Software - Components of Depreciation and Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021	Dec. 24, 2021
Property, Plant and Equipment [Line Items]
Net book value of equipment under finance leases	$ 155,564		$ 155,564		$ 133,622
Depreciation expense and amortization	5,866	$ 5,553	11,755	$ 10,660
Assets held under finance leases
Property, Plant and Equipment [Line Items]
Net book value of equipment under finance leases	9,774		9,774		$ 10,874
Excluding assets held under finance leases
Property, Plant and Equipment [Line Items]
Depreciation expense and amortization	4,385	3,841	8,800	7,776
Software
Property, Plant and Equipment [Line Items]
Depreciation expense and amortization	$ 1,481	$ 1,712	$ 2,955	$ 2,884

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 24, 2022 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 221,775
Goodwill adjustments	(792)
Acquisitions	16,871
Foreign currency translation	(66)
Ending balance	$ 237,788

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Intangible assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 24, 2022	Dec. 24, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 221,373	$ 200,771
Accumulated Amortization	(102,847)	(96,028)
Net Amount	$ 118,526	$ 104,743
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Amortization Period (in months)	120 months	120 months
Gross Carrying Amount	$ 173,387	$ 155,678
Accumulated Amortization	(79,952)	(74,644)
Net Amount	$ 93,435	$ 81,034
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Amortization Period (in months)	20 months	26 months
Gross Carrying Amount	$ 8,579	$ 8,579
Accumulated Amortization	(8,151)	(8,018)
Net Amount	$ 428	$ 561
Trademarks
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Amortization Period (in months)	163 months	179 months
Gross Carrying Amount	$ 39,407	$ 36,514
Accumulated Amortization	(14,744)	(13,366)
Net Amount	$ 24,663	$ 23,148

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 3,463	$ 3,104	$ 6,819	$ 6,643

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Future amortization (Details) $ in Thousands	Jun. 24, 2022 USD ($)
Estimated amortization in fiscal year:
2022	$ 6,784
2023	13,058
2024	12,200
2025	11,784
2026	11,784
Thereafter	62,916
Total	$ 118,526

Debt Obligations - Schedule of

Debt Obligations - Schedule of Debt Obligations (Details) - USD ($) $ in Thousands	Jun. 24, 2022	Dec. 24, 2021
Debt Instrument [Line Items]
Finance lease and other financing obligations	$ 10,201	$ 11,602
Deferred finance fees and original issue premium (discount)	(4,197)	(4,976)
Total debt obligations	397,823	399,301
Less: current installments	(4,843)	(5,141)
Total debt obligations excluding current installments	392,980	394,160
Senior secured term loans
Debt Instrument [Line Items]
Long-term debt	167,819	168,675
Convertible senior notes
Debt Instrument [Line Items]
Long-term debt	200,000	200,000
Deferred finance fees and original issue premium (discount)	(2,238)	(2,686)
Asset-based loan facility
Debt Instrument [Line Items]
Long-term debt	20,000	20,000
Convertible unsecured note
Debt Instrument [Line Items]
Long-term debt	$ 4,000	$ 4,000

Debt Obligations - Narrative (D

Debt Obligations - Narrative (Details)		6 Months Ended
	Mar. 11, 2022 USD ($)	Jun. 24, 2022 USD ($)	Mar. 10, 2022 USD ($)
Senior Secured Term Loan | Credit facility
Debt Instrument [Line Items]
Minimum liquidity covenant		$ 35,000,000
EBITDA covenant		10,000,000
Minimum liquidity amount		$ 222,514,000
Effective interest rate		6.60%
ABL Facility | Credit facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 200,000,000		$ 150,000,000
Line of credit, covenant terms, minimum consolidated fixed charge coverage ratio	1
Line of credit, covenant terms, minimum borrowing base, amount	$ 14,000,000
Line of credit, covenant terms, minimum borrowing base, percentage	10%
Debt issuance costs, net	$ 406,000
Amounts reserved for issuance of letters of credit		$ 20,541,000
Line of credit facility, current borrowing capacity		$ 159,460,000
Effective interest rate		4.50%
1.875% Convertible Senior Notes | Convertible senior notes
Debt Instrument [Line Items]
Interest rate	1.875%
Principle amount	$ 40,000,000

Debt Obligations - Schedule o_2

Debt Obligations - Schedule of Convertible Senior Notes (Details) - USD ($) $ in Thousands	Jun. 24, 2022	Dec. 24, 2021
Debt Instrument [Line Items]
Unamortized deferred financing fees and premium	$ (4,197)	$ (4,976)
Convertible senior notes
Debt Instrument [Line Items]
Principal amount outstanding	200,000	200,000
Unamortized deferred financing fees and premium	(2,238)	(2,686)
Net carry value	$ 197,762	$ 197,314

Debt Obligations - Schedule o_3

Debt Obligations - Schedule of Components of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Debt Disclosure [Abstract]
Coupon interest	$ 938	$ 938	$ 1,875	$ 1,719
Amortization of deferred financing fees and premium	224	224	448	465
Total interest	$ 1,162	$ 1,162	$ 2,323	$ 2,184

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Restricted Stock Awards (Details)	6 Months Ended
	Jun. 24, 2022 $ / shares shares
Time-based
Shares
Unvested at beginning balance (in shares) | shares	617,996
Granted (in shares) | shares	154,822
Vested (in shares) | shares	(313,174)
Forfeited (in shares) | shares	(12,094)
Unvested at ending balance (in shares) | shares	447,550
Weighted Average Grant Date Fair Value
Unvested at beginning balance (in usd per shares) | $ / shares	$ 28.33
Granted (in usd per share) | $ / shares	27.32
Vested (in usd per share) | $ / shares	26.38
Forfeited (in usd per share) | $ / shares	29.13
Unvested at ending balance (in usd per shares) | $ / shares	$ 29.32
Performance-based
Shares
Unvested at beginning balance (in shares) | shares	187,437
Granted (in shares) | shares	167,261
Vested (in shares) | shares	0
Forfeited (in shares) | shares	(14,001)
Unvested at ending balance (in shares) | shares	340,697
Weighted Average Grant Date Fair Value
Unvested at beginning balance (in usd per shares) | $ / shares	$ 32.04
Granted (in usd per share) | $ / shares	32.44
Vested (in usd per share) | $ / shares	0
Forfeited (in usd per share) | $ / shares	32.14
Unvested at ending balance (in usd per shares) | $ / shares	$ 32.23
Market-based
Shares
Unvested at beginning balance (in shares) | shares	185,129
Granted (in shares) | shares	167,261
Vested (in shares) | shares	0
Forfeited (in shares) | shares	(14,003)
Unvested at ending balance (in shares) | shares	338,387
Weighted Average Grant Date Fair Value
Unvested at beginning balance (in usd per shares) | $ / shares	$ 31.44
Granted (in usd per share) | $ / shares	29.12
Vested (in usd per share) | $ / shares	0
Forfeited (in usd per share) | $ / shares	30.82
Unvested at ending balance (in usd per shares) | $ / shares	$ 30.32

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, capitalized			$ 0
Number of shares available for grant (in shares)	2,088,866		2,088,866
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)			489,344
Weighted average grant date fair value (in usd per share)			$ 30.50
Recognized expense	$ 2,939,000	$ 3,280,000	$ 5,982,000	$ 5,738,000
Total unrecognized compensation cost, RSAs	23,850,000		$ 23,850,000
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)			4 years
Time-based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)			154,822
Weighted average grant date fair value (in usd per share)			$ 27.32
Total unrecognized compensation cost, RSAs	11,916,000		$ 11,916,000
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)			167,261
Weighted average grant date fair value (in usd per share)			$ 32.44
Total unrecognized compensation cost, RSAs	$ 11,934,000		$ 11,934,000
Weighted average remaining term (in years)			2 years 2 months 12 days

Related Parties - Narrative (De

Related Parties - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Related Party Transactions [Abstract]
Ownership interest in facilities owned by entities controlled by company's stockholders (as a percent)			100%
Expenses related to transactions with related parties	$ 123	$ 123	$ 246	$ 246

Supplemental Disclosures of C_3

Supplemental Disclosures of Cash Flow Information - Summary of Supplemental Cash Flow Disclosures (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 24, 2022	Jun. 25, 2021
Supplemental cash flow disclosures:
Cash received for income taxes	$ (239)	$ (208)
Cash paid for interest, net of cash received	7,718	7,766
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	13,837	12,752
Operating cash flows from finance leases	223	282
ROU assets obtained in exchange for lease liabilities:
Operating leases	20,116	1,625
Finance leases	411	162
Other non-cash investing and financing activities:
Warrants issued for acquisitions	1,701	1,120
Contingent earn-out liabilities for acquisitions	$ 1,200	$ 3,400

Subsequent Events (Details)

Subsequent Events (Details) $ in Thousands	Jul. 25, 2022 USD ($)
Subsequent Event | Meat Traders, Inc.
Subsequent Event [Line Items]
Purchase price	$ 10,000