Franchise (TAX) 10-K 23 Feb 22 2021 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 25, 2021	Feb. 18, 2022	Jun. 27, 2020
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 25, 2021
Current Fiscal Year End Date	--12-25
Document Transition Report	false
Entity File Number	001-35588
Entity Registrant Name	FRANCHISE GROUP, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-3561876
Entity Address, Address Line One	109 Innovation Court, Suite J
Entity Address, City or Town	Delaware,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43015
City Area Code	740
Local Phone Number	363-2222
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 974,490,942
Entity Common Stock, Shares Outstanding		40,298,214
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s Definitive Proxy Statement for the 2022 Annual Meeting of Stockholders are incorporated by reference into Part III hereof.
Entity Central Index Key	0001528930
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Small Business	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	FRG
Security Exchange Name	NASDAQ
Series A Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	7.50% Series A Cumulative Preferred Stock, par value $0.01 per share and liquidation preference of $25.00 per share
Trading Symbol	FRGAP
Security Exchange Name	NASDAQ

Audit Information

Audit Information	12 Months Ended
	Dec. 25, 2021	Apr. 30, 2019
Audit Information [Abstract]
Auditor Name	Deloitte & Touche LLP	Cherry Bekaert LLP
Auditor Location	Richmond, Virginia	Virginia Beach, Virginia
Auditor Firm ID	34	677

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 25, 2021	Dec. 26, 2020
Current assets:
Cash and cash equivalents	$ 292,714,000	$ 148,780,000
Current receivables, net	118,698,000	67,335,000
Inventories, net	673,170,000	302,307,000
Current assets held for sale	0	43,023,000
Other current assets	24,063,000	13,997,000
Total current assets	1,478,212,000	575,442,000
Property, plant, and equipment, net	449,886,000	135,872,000
Non-current receivables, net	11,755,000	12,800,000
Goodwill	806,536,000	448,258,000
Intangible assets, net	127,951,000	16,592,000
Tradenames	222,687,000	93,300,000
Operating lease right-of-use assets	714,741,000	502,104,000
Non-current assets held for sale	0	55,116,000
Investment in equity securities	35,249,000	0
Other non-current assets	18,902,000	8,428,000
Total assets	3,913,171,000	1,847,912,000
Current liabilities:
Current installments of long-term debt	486,170,000	104,053,000
Operating Lease, Liability, Current	173,101,000	127,032,000
Accounts payable and accrued expenses	410,552,000	252,389,000
Liabilities Held-For-sale, Not Part Of Disposal Group, Current	0	40,576,000
Deferred revenue - current	50,833,000	25,174,000
Total current liabilities	1,120,656,000	549,224,000
Long-term debt, excluding current installments	1,383,725,000	466,944,000
Long-term Debt and Lease Obligation	557,071,000	402,276,000
Liabilities Held-For-sale, Not Part of Disposal Group, Noncurrent	0	8,779,000
Other Liabilities, Noncurrent	88,888,000	35,522,000
Total liabilities	3,150,340,000	1,462,745,000
Stockholders' equity:
Common stock	403,000	401,000
Preferred stock	45,000	13,000
Additional paid-in capital	475,396,000	382,383,000
Accumulated other comprehensive income (loss), net of taxes	0	(1,399,000)
Retained earnings	286,987,000	3,769,000
Stockholders' Equity Attributable to Parent	762,831,000	385,167,000
Total liabilities and stockholders' equity	3,913,171,000	$ 1,847,912,000
Asset-backed Securities, Securitized Loans and Receivables
Current assets:
Financing Receivable, after Allowance for Credit Loss, Current	369,567,000
Non-current securitized receivables, net	$ 47,252,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 25, 2021	Dec. 26, 2020
Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	180,000,000	180,000,000
Common stock, shares issued (in shares)	40,296,688	40,092,260
Common stock, shares outstanding	40,296,688	40,092,260
Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	4,800,000	20,000,000
Preferred stock, shares issued (in shares)	4,541,125	1,250,000
Preferred stock, shares outstanding (in shares)	4,541,125	1,250,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended								8 Months Ended		12 Months Ended
	Dec. 25, 2021	Sep. 25, 2021	Jun. 26, 2021	Mar. 27, 2021	Dec. 26, 2020	Sep. 26, 2020	Jun. 27, 2020	Mar. 28, 2020	Dec. 28, 2019	Dec. 29, 2018	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019
Revenues:
Revenues	$ 942,276,000	$ 828,826,000	$ 862,758,000	$ 621,345,000	$ 491,534,000	$ 537,692,000	$ 497,554,000	$ 502,947,000	$ 134,526,000	$ 0	$ 3,255,204,000	$ 2,029,727,000	$ 0
Operating expenses:
Total cost of revenue									81,249,000	0	1,920,799,000	1,160,108,000	0
Selling, general, and administrative expenses									96,298,000	0	1,108,054,000	817,108,000	0
Total operating expenses									177,547,000	0	3,028,853,000	1,977,216,000	0
Income from operations	60,457,000	54,763,000	58,156,000	52,976,000	15,899,000	24,680,000	14,777,000	(2,845,000)	(43,021,000)	0	226,351,000	52,511,000	0
Other income (expense):
Bargain purchase gain											132,559,000
Foreign currency transaction loss									0	0	(67,368,000)	(5,294,000)	0
Interest expense									(6,998,000)	0	(133,114,000)	(96,774,000)	0
Income before income taxes									(50,019,000)	0	158,428,000	(49,557,000)	0
Income tax expense									(8,577,000)	0	(33,538,000)	(60,501,000)	0
Income (loss) from continuing operations	151,782,000	35,998,000	32,521,000	(28,334,000)	7,748,000	(4,726,000)	(16,361,000)	33,984,000	(41,442,000)	0	191,966,000	10,944,000	0
Income (loss) from discontinued operations, net of tax									(63,024,000)	(43,053,000)	171,822,000	16,210,000	(2,156,000)
Net Income (Loss)									(104,466,000)	(43,053,000)	363,788,000	27,154,000	(2,156,000)
Less: Net (income) loss attributable to non-controlling interest									36,039,000	0	0	(2,090,000)	0
Net income (loss) attributable to Franchise Group, Inc.	147,169,000	164,070,000	38,736,000	13,813,000	(4,205,000)	(8,597,000)	(21,673,000)	59,539,000	(68,427,000)	(43,053,000)	363,788,000	25,064,000	(2,156,000)
Net income (loss) from continuing operations									(22,614,000)	0	191,966,000	20,645,000	0
Net income (loss) from discontinued operations	$ (4,613,000)	$ 128,072,000	$ 6,215,000	$ 42,147,000	$ (11,953,000)	$ (3,871,000)	$ (5,312,000)	$ 25,555,000	$ (45,813,000)	$ (43,053,000)	$ 171,822,000	$ 4,419,000	$ (2,156,000)
Earnings Per Share, Basic	$ 3.71	$ 0.84	$ 0.76	$ (0.76)	$ 0.19	$ (0.12)	$ (0.47)	$ 1.45	$ (1.35)	$ 0	$ 4.56	$ 0.57	$ 0
Earnings Per Share, Diluted	(0.11)	3.18	0.15	1.05	(0.30)	(0.10)	(0.15)	1.09	(2.76)	(3.17)	4.27	0.13	(0.16)
Earnings Per Share, Basic	3.60	4.02	0.91	0.29	(0.11)	(0.22)	(0.62)	2.54	(4.11)	(3.17)	8.83	0.70	(0.16)
Income (Loss) from Continuing Operations, Per Diluted Share	3.64	0.83	0.74	(0.76)	0.19	(0.12)	(0.47)	1.43	(1.36)	0	4.48	0.57	0
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	(0.11)	3.13	0.15	1.05	(0.30)	(0.10)	(0.15)	1.08	(2.75)	(3.17)	4.19	0.13	(0.16)
Earnings Per Share, Diluted	$ 3.53	$ 3.96	$ 0.89	$ 0.29	$ (0.11)	$ (0.22)	$ (0.62)	$ 2.51	$ (4.11)	$ (3.17)	$ 8.67	$ 0.70	$ (0.16)
Weighted-average shares outstanding:
Weighted Average Number of Shares Outstanding, Basic									16,669,065	13,602,774	40,199,681	34,531,362	13,800,884
Weighted Average Number of Shares Outstanding, Diluted									16,669,065	13,602,774	40,964,182	34,971,935	13,800,884
Product [Member]
Revenues:
Revenues									$ 96,139,000	$ 0	$ 3,012,471,000	$ 1,899,662,000	$ 0
Operating expenses:
Total cost of revenue									71,820,000	0	1,892,741,000	1,136,054,000	0
Service [Member]
Revenues:
Revenues									14,751,000	0	209,103,000	65,798,000	0
Operating expenses:
Total cost of revenue									768,000	0	16,506,000	2,149,000	0
Rental
Revenues:
Revenues									23,636,000	0	33,630,000	64,267,000	0
Operating expenses:
Total cost of revenue									$ 8,661,000	$ 0	$ 11,552,000	$ 21,905,000	$ 0

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	8 Months Ended		12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (104,466,000)	$ (43,053,000)	$ 363,788,000	$ 27,154,000	$ (2,156,000)
Foreign currency translation adjustment	(412,000)	654,000	(381,000)	(242,000)	527,000
Unrealized (loss) gain on interest rate swap agreement, net of taxes	(40,000)	(18,000)	45,000	(103,000)	(36,000)
Reclassification of unrealized loss on interest rate swap agreement and foreign currency translation adjustments realized upon disposal of business	0	0	973,000	0	0
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	372,000
Other comprehensive income (loss)	500,000	(672,000)	1,399,000	139,000	(563,000)
Comprehensive income (loss)	(104,094,000)	(43,725,000)	365,187,000	27,293,000	(2,719,000)
Less: comprehensive (income) loss attributable to non-controlling interest	35,911,000		0	(1,915,000)	0
Comprehensive income (loss) attributable to Franchise Group, Inc.	$ (68,183,000)	$ (43,725,000)	$ 365,187,000	$ 25,378,000	$ (2,719,000)

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	8 Months Ended	12 Months Ended
	Dec. 29, 2018	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019	Apr. 30, 2018
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax	$ (15)	$ 13	$ (24)	$ (23)	$ (16)

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($)	Total	Cumulative Effect, Period of Adoption, Adjustment	Parent	ParentCumulative Effect, Period of Adoption, Adjustment	Additional paid-in capital	Accumulated other comprehensive income (loss), net	Retained earnings	Retained earningsCumulative Effect, Period of Adoption, Adjustment	Exchangeable shares	Noncontrolling Interest [Member]	Preferred Stock	Common Stock	Class A Common stockCommon Stock	Class B Common stockCommon Stock	Exchangeable shares	Exchangeable sharesExchangeable shares	Preferred StockPreferred Stock	Additional paid-in capital	Buddy's [Member]	Buddy's [Member]Parent	Buddy's [Member]Additional paid-in capital	Buddy's [Member]Common Stock	Buddy's [Member]Preferred Stock	Buddy's [Member]Preferred StockParent	Buddy's [Member]Preferred StockAdditional paid-in capital	Buddy's [Member]Preferred StockPreferred Stock	Buddy's [Member]Additional paid-in capital	Sears Outlet [Member]	Sears Outlet [Member]Parent	Sears Outlet [Member]Additional paid-in capital	Sears Outlet [Member]Preferred Stock	Sears Outlet [Member]Common Stock	Sears Outlet [Member]Additional paid-in capital	Vitamin Shoppe [Member]	Vitamin Shoppe [Member]Parent	Vitamin Shoppe [Member]Additional paid-in capital	Vitamin Shoppe [Member]Common Stock	Vitamin Shoppe [Member]Additional paid-in capital
Stockholders' Equity Attributable to Parent					$ 11,570,000	$ (1,347,000)	$ 101,139,000		$ 10,000				$ 128,000	$ 2,000
Net Income (Loss) Attributable to Noncontrolling Interest	$ 0
Balance at beginning of period (in shares) at Apr. 30, 2018									1,000,000				12,823,000	200,000
Balance at beginning of period at Apr. 30, 2018	111,502,000
Increase (Decrease) in Stockholders' Equity
Exercise of stock options (in shares)													12,000
Exercise of stock options	829,000				153,000
ProfitLoss	(2,156,000)						(2,156,000)
Payments of Dividends	(2,257,000)						(2,257,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	(527,000)
Stock Issued During Period, Shares, Conversion of Convertible Securities													1,200,000	(200,000)		(1,000,000)
Stock Issued During Period, Value, Conversion of Convertible Securities	10,000												$ 12,000	$ (2,000)	$ (10,000)	$ (10,000)
Other Comprehensive Income (in shares)													14,000
Net Income (Loss) Available to Common Stockholders, Basic	(2,156,000)
Other Comprehensive Income (Loss), Net of Tax	(563,000)					(563,000)
Adjustment to APIC, Share-based Compensation, Requisite Service Period Reconition	153,000
Stock Issued During Period, Value, Stock Options Exercised, attributable to parent													$ 0
Stock Issued During Period, Value, Stock Options Exercised, Attributable to Noncontrolling Interest					829,000
Unsolicited Tender Offer Costs	0
Balance at end of period (in shares) at Apr. 30, 2019									0		0	14,049,000	14,049,000	0
Balance at end of period at Apr. 30, 2019	103,714,000	$ (3,794,000)	$ 103,714,000	$ 319,000
Increase (Decrease) in Stockholders' Equity
Proceeds from Issuance of Preferred Stock and Preference Stock	0
Stockholders' Equity Attributable to Parent					12,552,000	(1,910,000)	92,932,000	$ (3,794,000)	$ 0		$ 0	$ 140,000	$ 140,000	$ 0
Net Income (Loss) Attributable to Noncontrolling Interest	36,039,000
Exercise of stock options												$ 2,000
Stock-based compensation expense (in shares)												74,000
ProfitLoss	(104,466,000)
Payments of Dividends	(6,436,000)		(6,436,000)				(6,436,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	412,000
Net Income (Loss) Available to Common Stockholders, Basic	(68,427,000)
Other Comprehensive Income (Loss), Net of Tax	500,000		372,000			372,000				$ 128,000
stock issued during period, shares, share based compensation , net of forfe												208,000
Adjustment to APIC, Share-based Compensation, Requisite Service Period Recognition					2,200,000
Adjustment to APIC, Share-based Compensation, Requisite Service Period Reconition	2,202,000		2,202,000
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	2,992,000		2,992,000		2,991,000							$ 1,000
Stock Issued During Period, Shares, Acquisitions											1,617,000											2,083,000				270,000						3,333,000					2,439,000
Stock Issued During Period, Value, Acquisitions	87,950,000		87,950,000								$ 16,000							$ 87,934,000	$ 25,000,000	$ 25,000,000		$ 21,000		$ 16,200,000	$ 16,197,000	$ 3,000	$ 24,979,000	$ 40,000,000	$ 40,000,000			$ 33,000	$ 39,967,000	$ 31,143,000	$ 31,143,000		$ 25,000	$ 31,118,000
Tender Offer, shares												3,936,000
Unsolicited Tender Offer Costs	(47,229,000)		47,229,000									$ 39,000						$ 47,190,000
Balance at end of period (in shares) at Dec. 28, 2019											1,887,000	18,250,000					1,887,000
Balance at end of period at Dec. 28, 2019	151,761,000	$ 319,000	125,391,000
Increase (Decrease) in Stockholders' Equity
Proceeds from Issuance of Preferred Stock and Preference Stock	0																						$ 16,200,000
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	372,000
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	(104,594,000)		(68,427,000)				(68,427,000)			(36,167,000)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	2,992,000		2,992,000		2,991,000							$ 1,000
Stockholders' Equity Attributable to Parent			125,391,000		108,339,000	(1,538,000)	18,388,000	$ 319,000			$ 19,000	$ 183,000					$ 19,000
Stockholders' Equity Attributable to Noncontrolling Interest										26,370,000
Nonredeemable Noncontrolling Interest			(62,409,000)		(62,409,000)					62,409,000
Net Income (Loss) Attributable to Noncontrolling Interest	(2,090,000)									2,090,000
Noncontrolling Interest, Period Increase (Decrease)						(175,000)
Stock-based compensation expense (in shares)												66,000
ProfitLoss	27,154,000
Payments of Dividends	(41,286,000)		(41,286,000)				(41,286,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	242,000
Stock Issued During Period, Value, Conversion of Convertible Securities																	$ (19,000)
Net Income (Loss) Available to Common Stockholders, Basic	24,309,000		25,064,000
Other Comprehensive Income (Loss), Net of Tax	139,000		314,000			314,000				(175,000)
stock issued during period, shares, share based compensation , net of forfe												50,000
Adjustment to APIC, Share-based Compensation, Requisite Service Period Recognition			520,000		519,000							$ 1,000
Adjustment to APIC, Share-based Compensation, Requisite Service Period Reconition	520,000
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	8,810,000		8,810,000		8,810,000							$ 0
Noncontrolling Interest in Period, Value	(2,358,000)				23,744,000
Acquisition Costs, Period Cost, attributable to parent			23,569,000
Acquisition Costs, Period Cost, Attributable to Noncontrolling Interest										(25,927,000)
Acquisition, Common stock, issued during period, shares																						12,292,000										0					9,434,000
Acquisition, Common stock, issued during period, value																						$ 123,000										$ 0					$ 94,000
preferred stock, issued during period, shares																															$ 1,250,000
preferred stock, issued during period, value																			$ 229,015,000	$ 229,015,000	$ 228,892,000							$ 29,483,000	$ 29,483,000	$ 29,470,000	$ 13,000			$ (9,953,000)	$ (9,953,000)	$ (10,028,000)
Stock Issued During Period, Shares, Conversion of Units																	(1,887,000)
Unsolicited Tender Offer Costs	0
Balance at end of period (in shares) at Dec. 26, 2020											1,250,000	40,092,000					1,250,000
Balance at end of period at Dec. 26, 2020	385,167,000
Increase (Decrease) in Stockholders' Equity
Proceeds from Issuance of Preferred Stock and Preference Stock	29,482,000
Dividends, Preferred Stock, Cash	(755,000)		(755,000)				(755,000)
Stockholders' Equity, Other			2,358,000				2,358,000			(2,358,000)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	27,154,000						25,064,000
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	8,810,000		8,810,000		8,810,000							$ 0
Adjustments to Additional Paid in Capital, Tax Receivable Agreemen	(7,363,000)		(7,363,000)		(7,363,000)
Stockholders' Equity Attributable to Parent	385,167,000		385,167,000		382,383,000	(1,399,000)	3,769,000				$ 13,000	$ 401,000					$ 13,000
Stockholders' Equity Attributable to Noncontrolling Interest										0
Net Income (Loss) Attributable to Noncontrolling Interest	0
Exercise of stock options (in shares)												60,000
Exercise of stock options	664,000		664,000		663,000							$ 1,000
Stock-based compensation expense (in shares)												145,000
ProfitLoss	363,788,000		363,788,000							0
Payments of Dividends	(72,055,000)		(72,055,000)				(72,055,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	381,000
Net Income (Loss) Available to Common Stockholders, Basic	355,273,000
Other Comprehensive Income (Loss), Net of Tax	1,399,000		1,399,000			1,399,000
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	12,841,000		12,841,000		12,840,000							$ 1,000
preferred stock, issued during period, shares											3,291,000
preferred stock, issued during period, value	79,542,000		79,542,000		79,510,000						$ 32,000
Unsolicited Tender Offer Costs	0
Balance at end of period (in shares) at Dec. 25, 2021											4,541,000	40,297,000
Balance at end of period at Dec. 25, 2021	762,831,000
Increase (Decrease) in Stockholders' Equity
Proceeds from Issuance of Preferred Stock and Preference Stock	79,542,000
Dividends, Preferred Stock, Cash	(8,515,000)		(8,515,000)				(8,515,000)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	12,841,000		12,841,000		12,840,000							$ 1,000
Stockholders' Equity Attributable to Parent	$ 762,831,000		$ 762,831,000		$ 475,396,000	$ 0	$ 286,987,000				$ 45,000	$ 403,000
Stockholders' Equity Attributable to Noncontrolling Interest										$ 0

Consolidated Statement of Sto_2

Consolidated Statement of Stockholders' Equity Consolidated Statement of Stockholders' Equity (Parenthetical) - USD ($)	8 Months Ended	12 Months Ended
	Dec. 28, 2019	Dec. 25, 2021	Dec. 26, 2020
Statement of Stockholders' Equity [Abstract]
Cash dividend per share		$ 1.750	$ 1.125
Preferred Stock, Dividends Per Share, Declared		$ 1.875	$ 0.609
Common Stock, Dividends, Per Share, Declared	$ 0.25
Other Comprehensive Income (Loss), Net of Tax	$ 500,000	$ 1,399,000	$ 139,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	8 Months Ended		12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019
Net income (loss)	$ (104,466,000)	$ (43,053,000)	$ 363,788,000	$ 27,154,000	$ (2,156,000)
Proceeds from Sale of Intangible Assets	279,000	1,207,000	12,866,000	36,349,000	1,229,000
Payments of Ordinary Dividends	0	(2,244,000)	(67,234,000)	(29,350,000)	(2,244,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	22,163,000	(14,541,000)	141,580,000	106,356,000	4,461,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	45,146,000	3,981,000	293,082,000	151,502,000	22,983,000
Interest Paid, Excluding Capitalized Interest, Operating Activities	4,180,000	1,577,000	91,623,000	49,825,000	2,734,000
Income Taxes Paid, Net	(1,140,000)	(4,031,000)	(42,154,000)	(1,858,000)	(4,031,000)
Provision for doubtful accounts	4,751,000	5,150,000	8,878,000	5,930,000	8,738,000
Other Depreciation and Amortization	32,401,000	8,429,000	72,765,000	62,543,000	14,084,000
Amortization of deferred financing costs	319,000	169,000	56,054,000	30,635,000	38,000
Gain (Loss) on Disposition of Other Assets	(900,000)	(5,244,000)	(1,749,000)	(85,000)	(5,833,000)
Share-based Payment Arrangement, Noncash Expense	3,102,000	604,000	13,696,000	9,484,000	999,000
Gain (Loss) on Sale of Intangible and Other Assets	1,106,000	155,000	137,747,000	4,133,000	(694,000)
Income (Loss) from Equity Method Investments	9,275,000	200,000	(709,000)	(1,092,000)	(586,000)
Gain (Loss) on Extinguishment of Debt			36,726,000
Gain (Loss) on Disposition of Business			(188,092,000)
Investment Income, Net			31,773,000
Increase (Decrease) in Accounts and Other Receivables	226,000	(9,726,000)	18,543,000	19,811,000	(3,035,000)
Income taxes	(2,012,000)	(23,546,000)	(20,191,000)	(8,059,000)	(6,886,000)
Increase (Decrease) in Other Current Assets	(27,038,000)	(1,470,000)	(12,939,000)	5,573,000	3,656,000
Accounts payable and accrued expenses	(4,414,000)	(12,510,000)	(12,215,000)	23,927,000	(338,000)
Increase (Decrease) in Inventories	10,134,000	0	(121,393,000)	97,681,000	0
Increase (Decrease) in Deferred Revenue	1,369,000	(3,102,000)	5,073,000	20,537,000	(3,842,000)
Net Cash Provided by (Used in) Operating Activities	(41,485,000)	(51,774,000)	105,969,000	241,492,000	17,129,000
Payments to Operating Loans to Franchisees	22,483,000	28,940,000	17,749,000	34,136,000	68,283,000
Payments received on operating loans to franchisees	827,000	2,048,000	23,103,000	50,291,000	67,556,000
Assets Acquired from Franchisees and Area Developers	3,491,000	139,000	1,087,000	6,587,000	229,000
Payments to Acquire Businesses, Net of Cash Acquired	317,251,000	0	1,063,811,000	353,423,000	0
Proceeds from Divestiture of Businesses			179,471,000
Proceeds from Sale of Property, Plant, and Equipment	0	0	6,000	1,224,000	0
Payments to Acquire Property, Plant, and Equipment	1,136,000	2,391,000	46,958,000	34,931,000	2,939,000
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	(343,255,000)	(28,215,000)	(914,159,000)	(341,213,000)	(2,666,000)
Payments for Repurchase of Common Stock	0	0	0	0	88,000
Unsolicited Tender Offer Costs	(47,229,000)	0	0	0	0
Payments of Debt Issuance Costs	15,071,000	0	65,926,000	16,865,000	0
Payment for Debt Extinguishment or Debt Prepayment Cost			36,726,000
Proceeds from Issuance of Debt	280,000,000	0	2,275,000,000	586,000,000	0
Payment, Tax Withholding, Share-based Payment Arrangement	110,000	83,000	856,000	487,000	83,000
Proceeds from the exercise of stock options	2,202,000	0	665,000	520,000	153,000
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	0	0	0	(4,716,000)	0
Repayments of Long-term Debt	13,054,000	4,235,000	1,176,581,000	505,486,000	7,502,000
Borrowings under revolving credit facility	129,260,000	75,946,000	26,724,000	184,665,000	123,615,000
Repayments of Long-term Lines of Credit	25,403,000	3,692,000	84,874,000	235,614,000	123,615,000
Proceeds from Issuance of Common Stock	96,143,000	0	0	198,004,000	0
Proceeds from Issuance of Preferred Stock and Preference Stock	0	0	79,542,000	29,482,000	0
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	406,738,000	65,692,000	949,734,000	206,153,000	(9,764,000)
Effect of exchange rate changes on cash, net	165,000	(244,000)	36,000	(76,000)	(238,000)
Net Income (Loss) Attributable to Parent	(68,427,000)	(43,053,000)	363,788,000	25,064,000	(2,156,000)
Less: Net (income) loss attributable to non-controlling interest	(36,039,000)	0	0	2,090,000	0
Payments to Acquire Businesses, Net of Cash Acquired	(317,251,000)	0	(1,063,811,000)	(353,423,000)	0
Cash flows from operating activities:
Net income	(68,427,000)	(43,053,000)	363,788,000	25,064,000	(2,156,000)
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for doubtful accounts	4,751,000	5,150,000	8,878,000	5,930,000	8,738,000
Other Depreciation and Amortization	32,401,000	8,429,000	72,765,000	62,543,000	14,084,000
Amortization of deferred financing costs	319,000	169,000	56,054,000	30,635,000	38,000
Gain (Loss) on Disposition of Other Assets	(900,000)	(5,244,000)	(1,749,000)	(85,000)	(5,833,000)
Share-based Payment Arrangement, Noncash Expense	3,102,000	604,000	13,696,000	9,484,000	999,000
Gain on bargain purchases and sales of Company-owned offices	(1,106,000)	(155,000)	(137,747,000)	(4,133,000)	694,000
Equity in loss of affiliate	(9,275,000)	(200,000)	709,000	1,092,000	586,000
Changes in:
Accounts payable and accrued expenses	(4,414,000)	(12,510,000)	(12,215,000)	23,927,000	(338,000)
Income taxes	(2,012,000)	(23,546,000)	(20,191,000)	(8,059,000)	(6,886,000)
Increase (Decrease) in Accounts and Other Receivables	226,000	(9,726,000)	18,543,000	19,811,000	(3,035,000)
Cash flows from investing activities:
Issuance of operating loans to franchisees	(22,483,000)	(28,940,000)	(17,749,000)	(34,136,000)	(68,283,000)
Payments received on operating loans to franchisees	827,000	2,048,000	23,103,000	50,291,000	67,556,000
Purchases of Company-owned offices, AD rights, and acquired customer lists	(3,491,000)	(139,000)	(1,087,000)	(6,587,000)	(229,000)
Purchases of property, equipment, and software	(1,136,000)	(2,391,000)	(46,958,000)	(34,931,000)	(2,939,000)
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	(343,255,000)	(28,215,000)	(914,159,000)	(341,213,000)	(2,666,000)
Cash flows from financing activities:
Proceeds from the exercise of stock options	2,202,000	0	665,000	520,000	153,000
Repurchase of common stock	0	0	0	0	(88,000)
Repayment of other long-term debt	(13,054,000)	(4,235,000)	(1,176,581,000)	(505,486,000)	(7,502,000)
Increase (Decrease) in Other Current Assets	(27,038,000)	(1,470,000)	(12,939,000)	5,573,000	3,656,000
Borrowings under revolving credit facility	129,260,000	75,946,000	26,724,000	184,665,000	123,615,000
Repayments under revolving credit facility	(25,403,000)	(3,692,000)	(84,874,000)	(235,614,000)	(123,615,000)
Proceeds from Issuance of Common Stock	96,143,000	0	0	198,004,000	0
Unsolicited Tender Offer Costs	(47,229,000)	0	0	0	0
Payments of Debt Issuance Costs	(15,071,000)	0	(65,926,000)	(16,865,000)	0
Proceeds from Issuance of Debt	280,000,000	0	2,275,000,000	586,000,000	0
Cash paid for taxes on exercises/vesting of stock-based compensation	(110,000)	(83,000)	(856,000)	(487,000)	(83,000)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	406,738,000	65,692,000	949,734,000	206,153,000	(9,764,000)
Effect of exchange rate changes on cash, net	$ 165,000	$ (244,000)	36,000	(76,000)	$ (238,000)
Cash and cash equivalents at beginning of year			148,780,000
Cash and cash equivalents at end of year			$ 292,714,000	$ 148,780,000

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows Consolidated Statements of Cash Flows - Supplemental Disclosures - USD ($) $ in Thousands	8 Months Ended		12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019
Income Taxes Paid, Net	$ 1,140	$ 4,031	$ 42,154	$ 1,858	$ 4,031
Interest Paid, Excluding Capitalized Interest, Operating Activities	4,180	1,577	91,623	49,825	2,734
Business Combination, Bargain Purchase, Gain Recognized, Amount			(132,559)
Payments to Acquire Software	0	0	3,445	5,025	0
Proceeds from Divestiture of Businesses, Net of Cash Divested			74,073
Payment of Financing and Stock Issuance Costs	0	0	0	31,013	0
Payments to Acquire Equipment on Lease			756
Taxes Receivable Agreement, Other long Term Liabilities	$ 0	$ 0	504	16,775	$ 0
Cash and cash equivalents			292,714	148,780
Restricted Cash, Noncurrent			368	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations			0	2,722
Restricted Cash and Cash Equivalents			$ 293,082	$ 151,502

Acquisitions (Notes)

Acquisitions (Notes)	12 Months Ended
	Dec. 25, 2021
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions The Company continually looks to diversify and grow its portfolio of brands through acquisitions. On March 10, 2021, the Company completed its acquisition of Pet Supplies Plus, on September 27, 2021, the Company completed its acquisition of Sylvan Learning ("Sylvan"), and o n November 22, 2021, the Company completed its acquisition of Badcock. For a complete description of the Company's accounting policy regarding acquisitions, see "Note 1 – Organization and Significant Accounting Policies". Badcock Acquisition On November 22, 2021, the Company completed its acquisition (the "Badcock Acquisition") of Badcock Home Furniture and More. The preliminary fair value of the consideration transferred at the acquisition date was $545.8 million. As of December 25, 2021, $5.9 million of acquisition fees had been incurred that are recorded in selling, general and administrative expenses. The table below summarizes the preliminary estimates of the fair values of the identifiable assets acquired and liabilities assumed in the Badcock Acquisition on November 22, 2021. The preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed are subject to revisions, which may result in an adjustment to the preliminary values or bargain purchase gain presented below. As of February 23, 2022, the fair value of certain working capital accounts, leases and PP&E are preliminary estimates and are subject to revisions. The Company expects to complete the purchase price allocation as soon as reasonably possible but not to exceed one year from the date of completion of the Badcock Acquisition. (In thousands) Preliminary Cash and cash equivalents $ 23,413 Inventories 130,045 Accounts receivable 411,268 Other current assets 5,023 Property, plant, and equipment 233,938 Operating lease right-of-use assets 51,669 Other non-current assets 2,506 Total assets 857,862 Current operating lease liabilities 12,070 Accounts payable and accrued expenses 71,436 Other current liabilities 18,942 Current installments of long-term obligations 5,261 Long-term obligations, excluding current installments 7,247 Non-current operating lease liabilities 39,599 Other long-term liabilities 25,424 Total liabilities 179,979 Bargain purchase gain (132,043) Consideration transferred $ 545,840 Operating lease right-of-use assets and lease liabilities of $51.7 million, consist of leases for retail store locations, warehouses and office equipment. Property, plant and equipment consists of fixtures and equipment of $93.0 million, buildings and building improvements of $93.1 million, land and land improvements of $33.4 million, leasehold improvements of $23.7 million, and construction in progress of $1.4 million. As a result of the Badcock Acquisition, the excess of the aggregate net fair value of assets acquired and liabilities assumed over the fair value of consideration transferred as the purchase price has been recorded as a bargain purchase gain of $132.0 million. The gain is recorded in "Bargain purchase gain" in the consolidated statements of operations. The Company believes the seller in the Badcock Acquisition was willing to accept a bargain purchase price in return for the Company's ability to act more quickly, partially due to the Company's access to capital to complete the transaction, and with greater certainty than any other prospective acquirer. Additionally, the Company believes the seller was motivated to complete the transaction as part of an overall repositioning of its business. Upon completion of this reassessment, the Company concluded that recording a bargain purchase gain with respect to the Badcock Acquisition was appropriate and required under GAAP. The tax impact related to the bargain purchase gain was non-taxable and impacted the Company's effective tax rate for the period. Sylvan Acquisition On September 27, 2021, the Company completed its acquisition of Sylvan (the "Sylvan Acquisition"). The preliminary fair value of the consideration transferred at the acquisition date was $82.9 million. As of December 25, 2021, $1.8 million of acquisition fees had been incurred that are recorded in selling, general and administrative expenses. The table below summarizes the preliminary estimates of the fair values of the identifiable assets acquired and liabilities assumed in the Sylvan Acquisition on September 27, 2021. The preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed are subject to revisions, which may result in an adjustment to the preliminary values presented below. The Company expects to complete the purchase price allocation as soon as reasonably possible but not to exceed one year from the date of completion of the Sylvan Acquisition. (In thousands) Preliminary Cash and cash equivalents $ 4,364 Other current assets 3,592 Property, plant, and equipment 26,324 Goodwill 19,456 Tradenames 24,987 Operating lease right-of-use assets 2,874 Other intangible assets 19,412 Other non-current assets 185 Total assets 101,194 Current operating lease liabilities 891 Accounts payable and accrued expenses 6,072 Non-current operating lease liabilities 1,984 Other long-term liabilities 9,320 Total liabilities 18,267 Consideration transferred $ 82,927 Other intangible assets consists of the franchise agreements of $18.3 million and proprietary content of $1.1 million. Property, plant and equipment consists of fixtures and equipment of $0.3 million, leasehold improvements of $0.7 million, and software and electronic content of $25.3 million. Pet Supplies Plus Acquisition On March 10, 2021, the Company completed its acquisition of Pet Supplies Plus (the "Pet Supplies Plus Acquisition"). The preliminary fair value of the consideration transferred at the acquisition date was $451.1 million. As of December 25, 2021, $5.5 million of acquisition fees had been incurred that are recorded in selling, general and administrative expenses. The table below summarizes the preliminary estimates of the fair values of the identifiable assets acquired and liabilities assumed in the Pet Supplies Plus Acquisition on March 10, 2021. The preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed are subject to revisions, which may result in an adjustment to the preliminary values presented below. Subsequent to the acquisition, the preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed were adjusted, which resulted in an increase in goodwill of $0.2 million. The increase was primarily due to $0.3 million of accrued taxes and $1.3 million of net working capital true-up netted with an increase of tenant improvement allowances of $1.7 million. The Company expects to complete the purchase price allocation as soon as reasonably possible but not to exceed one year from the date of completion of the Pet Supplies Plus Acquisition. (In thousands) Preliminary Cash and cash equivalents $ 2,131 Other current assets 39,844 Inventories 118,600 Property, plant, and equipment 75,616 Goodwill 335,876 Operating lease right-of-use assets 151,243 Tradenames 104,400 Other intangible assets 101,400 Other non-current assets 6,393 Total assets 935,503 Current operating lease liabilities 25,405 Accounts payable and accrued expenses 82,237 Other current liabilities 1,725 Current installments of long-term obligations 3,507 Long-term obligations, excluding current installments 247,458 Non-current operating lease liabilities 114,292 Other long-term liabilities 9,761 Total liabilities 484,385 Consideration transferred $ 451,118 Other intangible assets consists of franchise agreements of $67.1 million and customer relationships of $34.3 million. Operating lease right-of-use assets and lease liabilities consist of leases for retail store locations, warehouses and office equipment. Operating lease right-of-use assets incorporates a favorable adjustment of $12.4 million, net for favorable and unfavorable Pet Supplies Plus real estate leases (as compared to prevailing market rates) which will be amortized over the remaining lease terms. Property, plant, and equipment consists of fixtures and equipment of $37.0 million, leasehold improvements of $33.5 million, construction in progress of $3.5 million and financing leases of $1.7 million. Other non-current assets includes $0.4 million of restricted cash. Furniture Factory Outlet Acquisition On December 27, 2020, the Company completed the acquisition (the "FFO Home Acquisition") of FFO Home, a regional retailer of furniture and mattresses, for an all cash purchase price of $13.8 million. In the twelve months ended December 25, 2021, the preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed were adjusted, which resulted in a decrease in goodwill of $0.3 million and a corresponding $0.3 million increase of property, plant, and equipment. The Company acquired 31 operating locations which were rebranded as American Freight stores and included in its American Freight segment. As of December 25, 2021, $0.4 million of acquisition fees had been incurred that are recorded in selling, general and administrative expenses. (In thousands) Preliminary Cash and cash equivalents $ 6 Other current assets 96 Inventories 6,450 Property, plant, and equipment 3,280 Goodwill 2,947 Operating lease right-of-use assets 26,571 Total assets 39,350 Current operating lease liabilities 2,587 Other current liabilities 299 Non-current operating lease liabilities 22,624 Total liabilities 25,510 Consideration transferred $ 13,840 Operating lease right-of-use assets and lease liabilities consist of leases for retail store locations. Operating lease right-of-use assets incorporates a favorable adjustment of $1.4 million, net for favorable and unfavorable FFO Home leases (as compared to prevailing market rates) which will be amortized over the remaining lease terms. The property, plant, and equipment consists of leasehold improvements of $2.5 million and fixtures and equipment of $0.8 million. Pro forma financial information The following unaudited consolidated pro forma summary has been prepared by adjusting the Company's historical data to give effect to the Badcock Acquisition, the Sylvan Acquisition, the Pet Supplies Plus Acquisition, the FFO Home Acquisition, the American Freight Acquisition, the Vitamin Shoppe Acquisition, the Sears Outlet Acquisition, the Buddy's Acquisition, the A-Team Leasing Acquisition and the Buddy's Partners Acquisition as if they had occurred on May 1, 2018. (Unaudited) (In thousands) Fiscal Year Ended 12/25/2021 Fiscal Year Ended 12/26/2020 Revenue $ 4,282,329 $ 3,849,583 Net income (loss) from continuing operations 184,574 92,954 Basic net income per share - continuing operations 4.59 2.69 Diluted net income per share - continuing operations 4.51 2.66 These unaudited pro forma results include adjustments such as inventory step-up, amortization of acquired intangible assets, depreciation of acquired property, plant, and equipment and interest expense on debt financing in connection with the Acquisitions. Material, nonrecurring pro forma adjustments directly attributable to the Acquisitions include the following. Acquired inventory step-up to its fair value of $7.1 million was removed from net income for the year ended December 25, 2021 and recognized as an incremental product cost in the year ended December 26, 2020, and acquisition related costs of $11.3 million were removed from net income for the year ended December 25, 2021 and recognized as an expense in the year ended December 26, 2020. The unaudited consolidated pro forma financial information was prepared in accordance with accounting standards and is not necessarily indicative of the results of operations that would have occurred if the Acquisitions had been completed on the dates indicated, nor is it indicative of the future operating results of the Company. The unaudited pro forma results do not reflect events that either have occurred or may occur after these Acquisitions, including, but not limited to, the anticipated realization of operating synergies in subsequent periods. They also do not give effect to certain charges that the Company expects to incur in connection with these Acquisitions, including, but not limited to, additional professional fees and employee integration.

Assets Disposition (Notes)

Assets Disposition (Notes)	12 Months Ended
	Dec. 25, 2021
Acquisitions [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	On February 21, 2021, the Company and NextPoint entered into the Purchase Agreement to sell its Liberty Tax business to NextPoint. In connection with the Purchase Agreement, the parties entered into a transition services agreement pursuant to which both parties agreed to provide certain transition services to each other for a period not to exceed twelve months. On July 2, 2021, the Company completed the transaction and received total consideration of approximately $255.3 million, consisting of approximately $181.2 million in cash and approximately $74.1 million in proportionate voting shares of NextPoint recorded as an investment in equity securities in "Investment in equity securities" on the Consolidated Balance Sheet. The transaction resulted in a gain on the sale of $188.1 million recorded in "Income (loss) from discontinued operations, net of tax" on the Consolidated Statement of Operations. The total unrealized loss on the investment in NextPoint was $31.8 million, recorded in "Other" on the consolidated statement of operations. During the three months ended December 25, 2021, a correction to the calculation of the share-based component of the purchase price resulted in an additional $14.3 million recognized on the gain on the sale of the Liberty Tax business. As part of the divestiture, the Company incurred transaction costs of approximately $7.1 million which were paid using shares of NextPoint. As a result of the transaction, the financial position and results of operations of the Liberty Tax business are presented as discontinued operations and, as such, have been excluded from continuing operations and segment results for all periods presented. The following is a summary of the major categories of assets and liabilities for the Liberty Tax business. The balances for all periods prior to the sale are included in assets and liabilities held for sale in the Consolidated Balance Sheet. (In thousands) December 25, 2021 December 26, 2020 Assets Current assets: Cash and cash equivalents $ — $ 2,722 Current receivables, net — 33,525 Other current assets — 6,776 Total current assets held for sale — 43,023 Property, plant, and equipment, net — 7,634 Non-current receivables, net — 3,889 Goodwill — 8,719 Intangible assets, net — 24,804 Operating lease right-of-use assets — 8,771 Other non-current assets — 1,299 Total assets held for sale $ — $ 98,139 Liabilities Current liabilities: Current installments of long-term obligations $ — $ 1,335 Current operating lease liabilities — 4,658 Accounts payable and accrued expenses — 20,200 Other current liabilities — 14,383 Total current liabilities held for sale — 40,576 Long-term obligations, excluding current installments — 1,711 Non-current operating lease liabilities — 4,738 Other non-current liabilities — 2,330 Total liabilities held for sale $ — $ 49,355 The following is a Consolidated Statement of Operations for the Liberty Tax business. The amounts for all periods are included in "Income (loss) from discontinued operations, net of tax" in the Consolidated Statements of Operations. Twelve Months Ended Twelve Months Ended Transition Period 5/1/2019- Period from 5/1/2018- Twelve Months Ended (In thousands) 12/25/2021 12/26/2020 12/28/2019 12/29/2018 4/30/2019 Revenue $ 107,486 $ 122,777 $ 14,984 $ 16,647 $ 132,546 Selling, general, and administrative expenses 66,042 99,166 77,562 77,612 133,405 Income from operations 41,444 23,611 (62,578) (60,965) (859) Other expense: Other 188,256 107 37 (12) (113) Interest expense, net (3) (4,977) (2,351) (1,802) (3,023) Income before income taxes 229,697 18,741 (64,892) (62,779) (3,995) Income tax expense 57,875 2,531 (1,868) (19,726) (1,839) Net Income 171,822 16,210 (63,024) (43,053) (2,156) Less: Net (income) attributable to non-controlling interest — (11,791) 17,211 — — Net income attributable to discontinued operations $ 171,822 $ 4,419 $ (45,813) $ (43,053) $ (2,156) The Company applied the "Intraperiod Tax Allocation" rules under ASC 740 "Income Taxes", which requires the allocation of an entity's total income tax provision among continuing operations and, in the Company's case, discontinued operations. The following is the operating and investing activities for the Liberty Tax business. These amounts are included in the Company's Consolidated Statements of Cash Flows. Twelve Months Ended Twelve Months Ended Transition Period 5/1/2019- Period from 5/1/2018- Twelve Months Ended (In thousands) 12/25/2021 12/26/2020 12/28/2019 12/29/2018 4/30/2019 Cash flows provided by operating activities from discontinued operations $ 39,334 $ 52,185 $ (21,477) $ (51,774) $ 17,129 Cash flows provided by investing activities from discontinued operations 173,633 6,259 (26,004) (28,215) (2,666)

Accounts and Notes Receivable -

Accounts and Notes Receivable - Text Blocks	12 Months Ended
	Dec. 25, 2021
Receivables [Abstract]
Notes and Accounts Receivable	Notes and Accounts Receivable Current and non-current receivables, as of December 25, 2021 and December 26, 2020 are presented in the consolidated balance sheets as follows: (In thousands) 12/25/2021 12/26/2020 Accounts receivable $ 86,087 $ 38,444 Notes receivable 1,681 15,440 Interest receivable 54 84 Income tax receivable 32,448 13,650 Allowance for doubtful accounts (1,572) (283) Current receivables, net 118,698 67,335 Notes receivable - non-current 12,183 12,800 Allowance for doubtful accounts - non-current (428) — Non-current receivables, net 11,755 12,800 Total receivables $ 130,453 $ 80,135 Notes receivable are due from the Company's franchisees and are collateralized by the underlying franchise. The debtors' ability to repay the notes is dependent upon both the performance of the franchisee's industry as a whole and the individual franchise. Allowance for Doubtful Accounts The adequacy of the allowance for doubtful accounts is assessed on a quarterly basis and adjusted as deemed necessary. Management believes the recorded allowance is adequate based upon its consideration of the estimated value of the franchises, which collateralize the receivables. Any adverse change in the individual franchisees' areas could affect the Company's estimate of the allowance. Activity in the allowance for doubtful accounts for the years ended December 25, 2021 and December 26, 2020 was as follows: (In thousands) 12/25/2021 12/26/2020 Balance at beginning of year $ 283 $ — Provision for doubtful accounts 1,720 283 Payments received against previous write-offs (2) — Write-offs and reduction from repurchases of franchises (1) — Balance at end of year $ 2,000 $ 283 Analysis of Past Due Receivables The breakdown of accounts and notes receivable past due at December 25, 2021 and December 26, 2020 was as follows: 12/25/2021 (In thousands) Past due Current Interest receivable Total receivables Accounts receivable $ 7,966 $ 78,121 $ — $ 86,087 Notes and interest receivable 452 13,412 54 13,918 Total accounts, notes, and interest receivable $ 8,418 $ 91,533 $ 54 $ 100,005 12/26/2020 (In thousands) Past due Current Interest receivable Total receivables Accounts receivable $ 505 $ 37,939 $ — $ 38,444 Notes and interest receivable — 28,240 84 28,324 Total accounts, notes, and interest receivable $ 505 $ 66,179 $ 84 $ 66,768

Property, Equipment, and Softwa

Property, Equipment, and Software, Net - Text Blocks	12 Months Ended
	Dec. 25, 2021
Property, Plant and Equipment [Abstract]
Property, Equipment, and Software, Net	Property, Plant, and Equipment, Net Property, plant, and equipment at December 25, 2021, and December 26, 2020 was as follows: (In thousands) 12/25/2021 12/26/2020 Land and land improvements $ 36,306 $ — Buildings and building improvements 176,188 — Leasehold improvements 115,539 67,114 Furniture, fixtures, and equipment 117,973 66,885 Software 97,427 44,250 Construction in progress 4,388 3,578 Finance lease asset 6,148 1,913 Property, plant, and equipment, gross 553,969 183,740 Less accumulated depreciation and amortization 104,083 47,868 Property, plant, and equipment, net $ 449,886 $ 135,872

Goodwill and Intangible Assets

Goodwill and Intangible Assets - Text Blocks	12 Months Ended
	Dec. 25, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Changes in the carrying amount of goodwill for the years ended December 25, 2021 and December 26, 2020 were as follows: (In thousands) Vitamin Shoppe Pet Supplies Plus American Freight Buddy's Sylvan Total Balance as of December 28, 2019 $ 4,951 $ — $ 31,028 $ 88,542 $ — $ 124,521 Acquisitions — — 336,854 — — 336,854 Disposals and purchase accounting adjustments (3,674) — — (9,443) — (13,117) Balance as of December 26, 2020 $ 1,277 $ — $ 367,882 $ 79,099 $ — $ 448,258 Acquisitions — 335,875 3,293 — 19,456 358,624 Disposals and purchase accounting adjustments — — (346) — — (346) Balance as of December 25, 2021 $ 1,277 $ 335,875 $ 370,829 $ 79,099 $ 19,456 $ 806,536 The Company performed its annual impairment test of goodwill as of July 25, 2021. No impairment has been recorded for any of the reporting units. Components of intangible assets as of December 25, 2021 and December 26, 2020, were as follows: (In thousands) 12/25/2021 Tradenames Vitamin Shoppe Pet Supplies Plus Badcock American Freight Buddy's Sylvan Total Gross carrying amount $ 12,000 $ 104,400 $ — $ 70,200 $ 11,100 $ 24,987 $ 222,687 Accumulated Amortization — — — — — — — Net carrying amount 12,000 104,400 — 70,200 11,100 24,987 222,687 Customer contracts Gross carrying amount — 34,300 — — 8,114 — 42,414 Accumulated Amortization — (1,856) — — (3,359) — (5,215) Net carrying amount — 32,444 — — 4,755 — 37,199 Franchise and dealer agreements Gross carrying amount — 67,100 — — 10,500 18,265 95,865 Accumulated Amortization — (3,576) — — (2,596) (399) (6,571) Net carrying amount — 63,524 — — 7,904 17,866 89,294 Other intangible assets Gross carrying amount — — — 44 566 1,226 1,836 Accumulated Amortization — — — (3) (319) (56) (378) Net carrying amount — — — 41 247 1,170 1,458 Total intangible assets $ 12,000 $ 200,368 $ — $ 70,241 $ 24,006 $ 44,023 $ 350,638 (In thousands) 12/26/2020 Tradenames Vitamin Shoppe American Freight Buddy's Total Gross carrying amount $ 12,000 $ 70,200 $ 11,100 $ 93,300 Accumulated Amortization — — — — Net carrying amount 12,000 70,200 11,100 93,300 Customer contracts Gross carrying amount — — 8,780 $ 8,780 Accumulated Amortization — — (2,159) (2,159.00) Net carrying amount — — 6,621 6,621 Franchise and dealer agreements Gross carrying amount — — 10,500 $ 10,500 Accumulated Amortization — — (1,545) (1,545.00) Net carrying amount — — 8,955 8,955 Other intangible assets Gross carrying amount — — 1,478 $ 1,478 Accumulated Amortization — — (462) (462.00) Net carrying amount — — 1,016 1,016 Total intangible assets $ 12,000 $ 70,200 $ 27,692 $ 109,892 The Company's tradenames have an indefinite life and their annual impairment test was performed as of July 25, 2021. No impairment has been recorded for any of the reporting units. The Company also reviews amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The Company did not record impairment expense related to the amortizable intangible assets during the years ended December 25, 2021, December 26, 2020, the Transition Period, or year ended April 30, 2019. For the years ended December 25, 2021, December 26, 2020, the Transition Period, and year ended April 30, 2019, amortization expense was $8.7 million, $4.6 million, $1.8 million, and $0.0 million respectively. Annual amortization expense for the next five years is estimated to be as follows: (In thousands) Estimate for Fiscal Year 2022 $ 10,786 2023 10,750 2024 10,623 2025 9,952 2026 9,206 Thereafter 76,634 Total estimated amortization expense $ 127,951

Revenue (Notes)

Revenue (Notes)	12 Months Ended
	Dec. 25, 2021
Revenue Recognition and Deferred Revenue [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue For details regarding the principal activities from which the Company generates its revenue, see "Note 1 - Organization and Significant Accounting Policies". For more detailed information regarding reportable segments, see "Note 15 - Segments." The following represents the disaggregated revenue by reportable segments for the years ended December 25, 2021, December 26, 2020, the Transition Period, the period May 1, 2018 through December 29, 2018, and year ended April 30 2019. All revenue for periods prior to the Transition Period was from discontinued operations, see "Note 3. Discontinued Operations". Fiscal Year Ended 12/25/2021 (In thousands) Vitamin Shoppe Pet Supplies Plus † Badcock † American Freight Buddy's Sylvan † Consolidated Retail sales $ 1,172,462 $ 517,508 $ 67,353 $ 894,905 $ 3,913 $ 8 $ 2,656,149 Wholesale sales — 355,377 — 945 — — 356,322 Total product revenue 1,172,462 872,885 67,353 895,850 3,913 8 3,012,471 Franchise fees 1 623 — — 84 89 797 Royalties and advertising fees 262 19,538 — 1,287 14,390 8,217 43,694 Financing revenue — — — 41,623 — — 41,623 Warranty and damage revenue — — 5,389 34,786 6,667 — 46,842 Interest income — 228 25,508 986 — — 26,722 Other revenues — 24,165 3,807 14,360 5,725 1,368 49,425 Total service and other revenue 263 44,554 34,704 93,042 26,866 9,674 209,103 Rental revenue, net — — — — 33,630 — 33,630 Total rental revenue — — — — 33,630 — 33,630 Total revenue $ 1,172,725 $ 917,439 $ 102,057 $ 988,892 $ 64,409 $ 9,682 $ 3,255,204 † Reflects the results from the March 10, 2021, November 22, 2021, and September 27, 2021 acquisition dates for the Pet Supplies Plus Acquisition, the Badcock Acquisition, and the Sylvan Acquisition, respectively. Fiscal Year Ended 12/26/2020 (In thousands) Vitamin Shoppe Pet Supplies Plus Badcock American Freight Buddy's Sylvan Consolidated Retail sales $ 1,035,964 $ — $ — $ 857,955 $ 5,743 $ — $ 1,899,662 Total product revenue 1,035,964 — — 857,955 5,743 — 1,899,662 Franchise fees — — — — 99 — 99 Royalties and advertising fees — — — — 9,993 — 9,993 Financing revenue — — — 15,977 — — 15,977 Warranty and damage revenue — — — 16,799 12,668 — 29,467 Interest income — — — 1,288 — — 1,288 Other revenues — — — 4,412 4,562 — 8,974 Total service and other revenue — — — 38,476 27,322 — 65,798 Rental revenue, net — — — — 64,267 — 64,267 Total rental revenue — — — — 64,267 — 64,267 Total revenue $ 1,035,964 $ — $ — $ 896,431 $ 97,332 $ — $ 2,029,727 Transition Period From 5/1/2019 - 12/28/2019 (In thousands) Vitamin Shoppe Pet Supplies Plus Badcock American Freight Buddy's Sylvan Consolidated Retail sales $ 30,574 $ — $ — $ 64,067 $ 1,498 $ — $ 96,139 Total product revenue 30,574 — — 64,067 1,498 — 96,139 Franchise fees — — — — 160 — 160 Royalties and advertising fees — — — — 4,042 — 4,042 Financing revenue — — — — — — — Warranty and damage revenue — — — 2,734 4,937 — 7,671 Interest income — — — 267 — — 267 Other revenues — — — 1,162 1,449 — 2,611 Total service and other revenue — — — 4,163 10,588 — 14,751 Rental revenue, net — — — — 23,636 — 23,636 Total rental revenue — — — — 23,636 — 23,636 Total revenue $ 30,574 $ — $ — $ 68,230 $ 35,722 $ — $ 134,526 Contract Balances The following table provides information about receivables and contract liabilities (deferred revenue) from contracts with customers as of December 25, 2021 and December 26, 2020: (In thousands) 12/25/2021 12/26/2020 Accounts receivable $ 86,087 $ 38,444 Notes receivable 13,864 28,240 Customer deposits $ 37,626 $ 18,065 Gift cards and loyalty programs 7,604 4,221 Deferred franchise fee revenue 16,984 827 Other deferred revenue 8,400 2,503 Total deferred revenue $ 70,614 $ 25,616 Anticipated Future Recognition of Deferred Revenue The following table reflects when deferred revenue is expected to be recognized in the future related to performance obligations that are unsatisfied at the end of the period: (In thousands) Estimate for Fiscal Year 2022 $ 49,038 2023 3,165 2024 2,780 2025 1,787 2026 1,624 Thereafter 12,220 Total $ 70,614

Leases (Notes)

Leases (Notes)	12 Months Ended
	Dec. 25, 2021
Leases [Abstract]
Lessee, Operating Leases	Leases See "Leases" under "Note 1 - Organization and Significant Accounting Policies" for a discussion of our accounting policies. The finance lease right of use assets and lease liabilities are included in PP&E, current installments of long-term debt and long-term debt respectively. These lease are immaterial to the financial statements. Company as Lessee The components of lease costs for leases that were recognized in the accompanying consolidated statement of operations for the years ended December 25, 2021 and December 26, 2020 were as follows: (In thousands) 12/25/2021 12/26/2020 Operating lease cost $ 212,837 $ 94,387 Short-term operating lease costs 2,261 2,495 Variable operating lease costs 35,367 14,137 Sublease income (1,753) (868) Total operating lease cost 248,712 110,151 As of December 25, 2021, maturities of lease liabilities were as follows: (In thousands) Operating leases 2022 $ 225,395 2023 199,063 2024 155,360 2025 112,046 2026 80,557 Thereafter 116,313 Total undiscounted lease payments 888,734 Less interest 158,562 Present value of lease liabilities $ 730,172 The following represents other information pertaining to the Company's lease arrangements for the year ended December 25, 2021: (In thousands) Operating December 25, 2021 December 26, 2020 Right-of-use assets obtained in exchange for lease obligations (1) $ 153,538 $ 157,007 Cash paid for amounts included in the measurement of lease liabilities 191,827 87,399 Weighted average remaining lease terms (years) 4.9 4.7 Weighted average discount rates 9.03 % 11.17 % (1) As of December 25, 2021, the majority of the lease liabilities arising from right-of-use assets were a result of the Pet Supplies Plus Acquisition. As of December 26, 2020, the majority of the lease liabilities arising from right-of-use assets were a result of the American Freight Acquisition. Company as Lessor Total rental income for the years ended December 25, 2021 and December 26, 2020 were $0.9 million and $0. Total rental income includes sublease income of $0.7 million and $0 recognized during 2021 and 2020, respectively. The Company subleases some of its Badcock segment's leased locations to certain dealers for operation as Badcock stores. The terms of these leases generally match those of the lease the Company has with the lessor. The following table illustrates the Company's maturity analysis of lease payments to be received for non-cancelable operating leases and subleases as of December 25, 2021: (In thousands) Operating Leases Fiscal Year: Subleases Owned Properties 2022 $ 6,841 $ 1,937 2023 5,938 1,817 2024 4,461 1,721 2025 3,536 1,519 2026 2,560 1,391 Thereafter 1,791 2,533 Total future minimum receipts $ 25,127 $ 10,918 Our Vitamin Shoppe, Pet Supplies Plus, and American Freight segments have subleases but the lease payments on those locations are immaterial to the financial statements. Properties owned by the Company and leased to dealers and other third parties under operating leases include: (In thousands) December 25, 2021 December 26, 2020 Buildings and improvements $ 34,172 $ — Total properties owned and leased by the Company 34,172 $ — Accumulated depreciation (88) $ — Total properties owned and leased by the Company, net $ 34,084 $ —

Long-Term Obligations (Notes)

Long-Term Obligations (Notes)	12 Months Ended
	Dec. 25, 2021
Debt Disclosure [Abstract]
Debt Disclosure	Long-Term Obligations Long-term obligations as of December 25, 2021 and December 26, 2020 were as follows: (In thousands) 12/25/2021 12/26/2020 Revolving credit facilities $ 20,000 $ 78,310 Term loan, net of debt issuance costs 1,435,928 491,836 Debt securitized by accounts receivable, net of discount 407,502 — Finance lease liabilities 6,465 851 Total long-term obligations 1,869,895 570,997 Less current installments 486,170 104,053 Total long-term obligations, excluding current installments $ 1,383,725 $ 466,944 First Lien Credit Agreement and Term Loan On March 10, 2021 (the “PSP Closing Date”), the Company entered into a First Lien Credit Agreement (the “First Lien Credit Agreement”) with various lenders that provides for a $1,000.0 million senior secured term loan (the “First Lien Term Loan”). The Company’s obligations under the First Lien Credit Agreement are guaranteed by the Company and each of the Company’s other direct and indirect subsidiaries (other than certain excluded subsidiaries) pursuant to a First Lien Guarantee Agreement (the “First Lien Guarantee Agreement”) and are required to be guaranteed by each of the Company’s direct and indirect subsidiaries (other than certain excluded subsidiaries) that may be formed or acquired after the PSP Closing Date. The obligations of the Company under the First Lien Credit Agreement are secured on a first priority basis by substantially all of the assets and are secured on a second priority basis by credit card receivables, accounts receivable, deposit accounts, securities accounts, commodity accounts, inventory and goods (other than equipment) of the Company, and in each case are required to be secured by such assets of the Company (other than certain excluded subsidiaries) that may be formed or acquired after the PSP Closing Date. The proceeds of the First Lien Term Loan, together with the proceeds of the Second Lien Term Loan (as defined below) and certain cash on hand of the Company, were used to consummate the Pet Supplies Plus Acquisition and to pay fees and expenses for certain related transactions, including the entry into the ABL Agreement (as defined below). A portion of the First Lien Term Loan and Second Lien Term Loan were also used to repay existing lenders. The First Lien Term Loan will mature on March 10, 2026 and bears interest at a variable rate with a floor of 5.50%. Interest is payable on either the last day of the interest period or the last business day of the calendar quarter. The Company is required to repay the First Lien Term Loan in equal quarterly installments of $2.5 million on the last day of each calendar quarter, commencing on June 30, 2021 subject to certain early payment requirements based on certain events. On July 2, 2021, the Company repaid $182.1 million of principal of the First Lien Term Loan using cash proceeds from the sale of the Liberty Tax business. The payment also satisfied the requirements for the quarterly principal payments so no additional principal payments are due until the First Term Loan maturity date. The early repayment resulted in additional interest expense of $6.1 million for the write-off of deferred financing costs. The First Lien Credit Agreement, the First Lien Collateral Agreement and the First Lien Guarantee Agreement collectively include customary affirmative, negative, and financial covenants binding on the Company, including delivery of financial statements and other reports. The negative covenants limit the ability of the Company to, among other things, incur debt, incur liens, make investments, sell assets, pay dividends and enter into transactions with affiliates. The financial covenants set forth in the First Lien Credit Agreement include a maximum total leverage ratio (net of certain cash) and a minimum fixed charge coverage ratio to be tested at the end of each fiscal quarter commencing with the first full fiscal quarter ending after the PSP Closing Date. In addition, the First Lien Credit Agreement includes customary events of default, the occurrence of which may require the Company to pay an additional 2.00% interest on the First Lien Term Loan and/or may result in, among other consequences, acceleration of the payment obligations with respect to the First Lien Term Loan, calling on the guarantees, or exercise of remedies with respect to the collateral. Second Lien Credit Agreement and Second Lien Term Loan On the PSP Closing Date, the Company entered into a Second Lien Credit Agreement (the “Second Lien Credit Agreement”) with various lenders (the "Second Lien Lenders", and together with the First Lien Lenders, the "Term Loan Lenders") which provides for a $300.0 million senior secured term loan (the “Second Lien Term Loan”, and together with the First Lien Term Loan, the “Term Loans”), made by the Second Lien Lenders to the Company. The Company's obligations under the Second Lien Credit Agreement are guaranteed by the Loan Parties pursuant to a Second Lien Guarantee Agreement (the “Second Lien Guarantee Agreement”) and are required to be guaranteed by each of the Company’s direct and indirect subsidiaries (other than certain excluded subsidiaries) that may be formed or acquired after the Closing Date. The obligations of the Company under the Second Lien Credit Agreement are secured on a second priority basis by the Term Priority Collateral and are secured on a third priority basis by the ABL Priority Collateral pursuant to a Second Lien Collateral Agreement (the “Second Lien Collateral Agreement”) and are required to be secured by such assets of each of the Company’s direct and indirect subsidiaries (other than certain excluded subsidiaries) that may be formed or acquired after the PSP Closing Date. The Second Lien Term Loan will mature on September 10, 2026 and bears interest at a variable rate with an 8.50% floor. Interest is payable on either the last day of the interest period or the last business day of the calendar quarter. The Second Lien Term Loan is not subject to scheduled amortization. Solely to the extent the First Lien Term Loan and related obligations have been repaid in full, the Company is required to prepay the Second Lien Term Loan with 50% of consolidated excess cash flow on an annual basis, subject to certain exceptions and to leverage-based step-downs to 25% and 0%, and with 100% of the net cash proceeds of certain other customary events, including certain asset sales (but excluding sales of ABL Priority Collateral), including customary reinvestment rights and leverage-based step-downs to 50% and 0%, in each case, subject to certain exceptions. Third Amended and Restated Loan and Security Agreement (ABL) On the PSP Closing Date, the Company entered into a Third Amended and Restated Loan and Security Agreement (the “ABL Agreement”) with various lenders. The ABL Agreement provides for a senior secured revolving loan facility (the “ABL Revolver”) with aggregate commitments available to Company of the lesser of (i) $150.0 million and (ii) a specified borrowing base based on a percentage of the Company's eligible credit card receivables, accounts (subject to certain limitations) and inventory (subject to certain limitations), less certain reserves (the “Aggregate Borrowing Cap”). Furthermore, the ABL Agreement includes separate borrowing caps equal to (A) the lesser of (1) $100.0 million and (2) a specified borrowing base based on a percentage of certain of the Company's subsidiaries eligible credit card receivables, accounts (subject to certain limitations) and inventory (subject to certain limitations), less certain reserves. As of December 25, 2021, there was $20.0 million drawn on the ABL Revolver. The ABL Agreement amended and restated the existing Second Amended and Restated Loan and Security Agreement, dated as of December 16, 2019. The Company's obligations under the ABL Agreement are guaranteed pursuant to a Second Amended and Restated Guaranty Agreement, dated as of the PSP Closing Date. The obligations of the Company under the ABL Agreement are secured by substantially all of the assets of the Company pursuant to the ABL Agreement and a Third Amended and Restated Pledge Agreement (the “ABL Pledge”). The ABL Revolver matures on March 10, 2025, and borrowings under the ABL Revolver will bear interest at a variable rate with a 1.75% floor. Interest is payable on either the last day of the interest period or the last business day of the calendar quarter. Subject to an intercreditor agreement, the Company is required to repay the excess amount of borrowings under the ABL Revolver if: (i) the aggregate outstanding principal amount of all borrowings by the Company under the ABL Revolver at any time exceeds the Aggregate Borrowing Cap, or (ii) the aggregate outstanding principal amount of all borrowings of certain of the Company's subsidiaries exceeds their borrowing caps. The ABL Agreement and ABL Pledge include customary affirmative and negative covenants binding on the Company, including delivery of financial statements, borrowing base certificates and other reports. The negative covenants limit the ability of the Company, among other things, to incur debt, incur liens, make investments, sell assets, pay dividends and enter into transactions with affiliates. In addition, the ABL Agreement includes customary events of default, the occurrence of which may require the Company to pay an additional 2.0% interest on the borrowings under the ABL Revolver. Badcock First Lien Credit Agreement and First Lien Badcock Term Loan On November 22, 2021 (the “Badcock Closing Date”), the Company entered into a First Lien Credit Agreement (the “First Lien Badcock Credit Agreement”) with various lenders. The First Lien Badcock Credit Agreement provides for a $425.0 million senior secured term loan (the "First Lien Badcock Term Loan"), made by the First Lien Badcock Lenders to the Company. The Company's obligations under the First Lien Badcock Credit Agreement are guaranteed by the Company, the FRG Guarantors, and Badcock (also referred to as the “Badcock Guarantor” and collectively with the Company and FRG Guarantors, the “Loan Parties”) pursuant to the First Lien Guarantee Agreements (collectively, the “First Lien Guarantee Agreements”) and are required to be guaranteed by each of the Company’s direct and indirect domestic subsidiaries (other than certain excluded subsidiaries) that may be formed or acquired after the Badcock Closing Date. The obligations of the Borrowers under the First Lien Badcock Credit Agreement are secured on a first priority basis by liens on substantially all of the assets of the Badcock Guarantor (the “Badcock Collateral”) and substantially all assets of the Loan Parties, pursuant to certain First Lien Collateral Agreements (collectively, the “First Lien Collateral Agreements”), by and among the Loan Parties party thereto and the First Lien Badcock Agent, and are required to be secured by such assets of each of the Company’s direct and indirect domestic subsidiaries (other than certain excluded subsidiaries) that may be formed or acquired after the Badcock Closing Date. The proceeds of the First Lien Badcock Term Loan, together with the proceeds of the Second Lien Badcock Term Loan and certain cash on hand of the Company and its subsidiaries, were used to consummate the Badcock Acquisition and to pay fees and expenses incurred in connection therewith and with certain related transactions, including the entry into the Credit Agreement. The First Lien Badcock Term Loan will mature on November 22, 2023, unless the maturity is accelerated subject to the terms set forth in the First Lien Badcock Credit Agreement. The First Lien Badcock Term Loan will, at the option of the Borrowers, bear interest at either (i) a rate per annum based on Term Secured Overnight Financing Rate ("SOFR") for an interest period of one, three or six months (or under certain circumstances, twelve months or less than one month), plus an interest rate margin of 4.75% (each, a “Badcock First Lien SOFR Loan”), or (ii) an alternate base rate determined as provided in the First Lien Credit Agreement, plus an interest rate margin of 3.75% (each, a “Badcock First Lien ABR Loan”), with an effective 1.00% alternate base rate floor. Interest on Badcock First Lien SOFR Loans is payable in arrears at the end of each applicable interest period (and, with respect to an interest period of longer than three months, at three-month intervals during such interest period), and interest on Badcock First Lien ABR Loans is payable in arrears on the last business day of each calendar quarter. The First Lien Badcock Term Loan will not be subject to amortization payments. The Borrowers are required to prepay the First Lien Badcock Term Loan with 100% of the net cash proceeds of certain customary events, including certain asset sales of Badcock Collateral. Subject to certain exceptions, repayments of the First Lien Badcock Term Loan within six months after the Closing Date in connection with a refinancing to reduce the pricing with respect to the First Lien Term Loan are subject to a prepayment premium of 1.00%. The Borrowers may also be required to pay SOFR breakage and redeployment costs in certain limited circumstances. On December 23, 2021, the Company repaid $219.0 million of principal of the First Lien Badcock Term Loan using cash proceeds from the Receivables Purchase Agreement. The early repayment resulted in additional interest expense of $5.0 million for the write-off of deferred financing costs. On December 27, 2021, the Company repaid an additional $31.0 million of principal of the First Lien Badcock Term Loan using cash proceeds from the Receivables Purchase Agreement, which is included in current installments of long-term obligations within the consolidated balance sheet. Badcock Second Lien Credit Agreement and Term Loan On the Badcock Closing Date, the Company entered into a Second Lien Credit Agreement (the “Second Lien Badcock Credit Agreement” and together with the First Lien Badcock Credit Agreement, the “Badcock Credit Agreements”) with the various lenders from time-to-time party thereto (the “Second Lien Badcock Lenders”) and Alter Domus (US) LLC, as administrative agent and collateral agent (“Second Lien Badcock Agent” and together with the First Lien Badcock Agent, the “Badcock Agents”). The Second Lien Badcock Credit Agreement provides for a $150.0 million senior secured term loan (the “Second Lien Badcock Term Loan” and together with the First Lien Badcock Term Loan, the “Badcock Term Loans”), made by the Second Lien Badcock Lenders to one or more of the Borrowers. The Borrowers’ obligations under the Second Lien Badcock Credit Agreement are guaranteed by the Borrowers and the other Loan Parties pursuant to the Second Lien Guarantee Agreements (collectively, the “Second Lien Guarantee Agreements”), by and among the Loan Parties party thereto and the Second Lien Badcock Agent, and are required to be guaranteed by each of the Company’s direct and indirect domestic subsidiaries (other than certain excluded subsidiaries) that may be formed or acquired after the Closing Date. The obligations of the Borrowers under the Second Lien Badcock Credit Agreement are secured on a second priority basis by liens on the Badcock Collateral and substantially all assets of the Loan Parties, pursuant to certain Second Lien Collateral Agreements (collectively, the “Second Lien Collateral Agreements”), by and among the Loan Parties party thereto and the Second Lien Badcock Agent, and are required to be secured by such assets of each of the Company’s direct and indirect domestic subsidiaries (other than certain excluded subsidiaries) that may be formed or acquired after the Badcock Closing Date. The proceeds of the Second Lien Badcock Term Loan, together with the proceeds of the First Lien Badcock Term Loan and certain cash on hand of the Company and its subsidiaries, were used to consummate the Acquisition and to pay fees and expenses incurred in connection therewith and with certain related transactions, including the entry into the Credit Agreement Amendments. The Second Lien Badcock Term Loan will mature on November 22, 2023, unless the maturity is accelerated subject to the terms set forth in the Second Lien Badcock Credit Agreement. The Second Lien Badcock Term Loan will, at the option of the Borrowers, bear interest at either (i) a rate per annum based on Term SOFR for an interest period of one, three or six months (or under certain circumstances, twelve months or less than one month), plus an interest rate margin of 7.50% (each, a “Second Lien SOFR Loan”), or (ii) an alternate base rate determined as provided in the Second Lien Badcock Credit Agreement, plus an interest rate margin of 6.50% (each, a “Second Lien Badcock ABR Loan”), with an effective 1.00% SOFR floor and a 2.00% alternate base rate floor. Interest on Second Lien Badcock SOFR Loans is payable in arrears at the end of each applicable interest period (and, with respect to an interest period of longer than three months, at three-month intervals during such interest period), and interest on Second Lien Badcock ABR Loans is payable in arrears on the last business day of each calendar quarter. The Second Lien Badcock Term Loan will not be subject to amortization payments. The Borrowers are required to prepay the Second Lien Badcock Term Loan with 100% of the net cash proceeds of certain customary events, including certain asset sales of Badcock Priority Collateral. The Second Lien Badcock Term Loan may be voluntarily prepaid at any time without premium or penalty. The Borrowers may also be required to pay SOFR breakage and redeployment costs in certain limited circumstances. On December 27, 2021, the Company repaid $150.0 million, the full outstanding balance of principal, of the Second Lien Badcock Term Loan using cash proceeds from the Receivables Purchase Agreement, which is included in current installments of long-term obligations within the consolidated balance sheet. The early repayment resulted in additional interest expense of $3.5 million for the write-off of deferred financing costs. Debt Related to the Securitization of Accounts Receivable In December 2021, the Company's Badcock segment sold beneficial interests in revolving lines of credit that it originated. The sales are accounted for as secured borrowings on our consolidated balance sheets with both assets and non-recourse liabilities because the sales do not qualify as a sale under ASC 860 - "Transfers and Servicing," although the underlying receivables are deemed to be legally sold. The income earned on the securitized revolving lines of credit is recorded as interest income in service and other revenues with a corresponding amount recorded in Interest expense, net on the consolidated statements of operations. Proceeds from secured borrowings issued in the securitization are accounted for as non-recourse notes payable. The Company's customers are responsible for repaying the debt from a secured borrowing, and the Company is not liable for the repayment of non-recourse loans unless representations or warranties in the loan agreements are breached. The lender assumes the credit risk and their only recourse, upon default by the customer, is against the customer. Debt securitized by accounts receivable, net includes $400.0 million of securitized debt and an amortized discount of $7.5 million. Current installments of debt securitized by accounts receivable, net includes $296.7 million of securitized debt and an amortized discount of $5.6 million. Compliance with Debt Covenants The Company's revolving credit and long-term debt agreements impose restrictive covenants on it, including requirements to meet certain ratios. As of December 25, 2021, the Company was in compliance with all financial covenants under these agreements and, based on a continuation of current operating results, the Company expects to continue to be in compliance for the next twelve months. Aggregate maturities of long-term debt at December 25, 2021 were as follows: (In thousands) Estimate for fiscal year 2022 $ 485,838 2023 284,055 2024 1,325 2025 1,056 2026 1,097,621 Thereafter — Total long-term obligations $ 1,869,895 The following debt agreements have been repaid since reported in the Company's Form 10-K for the fiscal year ended December 26, 2020. Franchise Group New Holdco Credit Agreement and Term Loan On March 10, 2021, the outstanding amount of $527.4 million, including accrued interest, under the Franchise Group New Holdco Credit Agreement and Term Loan was paid in full in connection with the issuance of the First Lien Term Loan and the Second Lien Term Loan. The early repayment resulted in additional interest expense of $20.1 million for the write-off of deferred financing costs and $36.7 million for a prepayment penalty. The prepayment penalty is recorded in the Other expense line of the Consolidated Statement of Operations for the year ended December 25, 2021. Franchise Group New Holdco New ABL Credit Agreement and New ABL Term Loan On March 10, 2021, the Franchise Group New Holdco New ABL Credit Agreement and Term Loan was replaced by the ABL Agreement and the outstanding amount of $37.0 million, including accrued interest, under the Franchise Group New Holdco New ABL Credit Agreement and Term Loan was paid in full by the Company in connection with the issuance of the First Lien Term Loan and the Second Lien Term Loan. The early repayment resulted in additional interest expense of $8.1 million for the write-off of deferred financing costs. Vitamin Shoppe ABL Revolver On March 10, 2021, the outstanding amount of $43.0 million, including accrued interest, under the Vitamin Shoppe ABL Revolver was paid in full with the proceeds from the First Lien Term Loan and the Second Lien Term Loan which resulted in a write-off of $1.2 million of deferred financing costs.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 25, 2021
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Stockholders' Equity Activity On January 11, 2021, the Company entered into an Underwriting Agreement with B. Riley Securities, Inc., as representative of the underwriters named therein (the “Underwriters”), to issue and sell an aggregate of 2,976,191 shares of the Company’s 7.50% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share and liquidation preference of $25.00 per share (the “Series A Preferred Stock”), in a public offering at a price to the public of $25.20 per share. The Company also granted the Underwriters an option (the "Option") to purchase up to 446,428 additional shares of Series A Preferred Stock during the 30 days following the date of the Underwriting Agreement. On January 14, 2021, the Underwriters partially exercised the Option for 314,934 shares. The offering closed on January 14, 2021, and the net proceeds to the Company were approximately $79.5 million, after deducting underwriting discounts, an advisory fee and offering expenses totaling approximately $3.2 million. Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss at December 25, 2021 and December 26, 2020, are as follows: (In thousands) 12/25/2021 12/26/2020 Foreign currency adjustment $ — $ (1,254) Interest rate swap agreements, net of tax — (145) Total accumulated other comprehensive loss $ — $ (1,399) For the years ended December 25, 2021 and December 26, 2020, all components of accumulated other comprehensive loss were from discontinued operations. Non-controlling interest The Company is the sole managing member of Franchise Group New Holdco, LLC ("New Holdco") and, as a result, consolidates the financial results of New Holdco. Prior to April 1, 2020, the Company reported a non-controlling interest representing the economic interest in New Holdco held by the former equity holders of Buddy's (the "Buddy’s Members"). Changes in the Company's ownership interest in New Holdco while it retained a controlling interest in New Holdco were accounted for as equity transactions. On March 26, 2020, the Company redeemed 3,937,726 New Holdco units and 787,545 shares of preferred stock for common stock. On April 1, 2020, the Company redeemed the remaining 5,495,606 New Holdco units and 1,099,121 shares of preferred stock for common stock and the Company became the sole owner of New Holdco. The exchange of New Holdco units for common stock resulted in an increase in the tax basis of the net assets of New Holdco and a liability to be recognized pursuant to the Tax Receivable Agreement ("TRA"). The difference of $10.0 million in the adjustment of the deferred tax balances and the tax receivable agreement liability was recorded as an adjustment to additional paid-in-capital. Refer to "Note 12 - Income Taxes" for further discussion of the TRA. Income (Loss) per Share Diluted net income (loss) per share is computed using the weighted-average number of common stock and, if dilutive, the potential common stock outstanding during the period. Potential common stock consists of the incremental common stock issuable upon the exercise of stock options and vesting of restricted stock units. The dilutive effect of outstanding stock options and restricted stock units is reflected in diluted earnings per share by application of the treasury stock method. The computation of basic and diluted net income per share for the years ended December 25, 2021, December 26, 2020, the Transition Period, and year ended April 30, 2019 is as follows: 12/25/2021 12/26/2020 12/28/2019 4/30/2019 (In thousands, except for share and per share amounts) Common stock Common stock Common stock Common stock Net income (loss) from continuing operations attributable to Franchise Group $ 191,966 $ 20,645 $ (22,614) $ — Less: Preferred dividend declared 8,515 755 — — Adjusted net income (loss) from continuing operations attributable to Franchise Group available to Common Stockholders 183,451 19,890 (22,614) — Net income (loss) from discontinued operations attributable to Franchise Group 171,822 4,419 (45,813) (2,156) Adjusted net income (loss) available to Common Stockholders $ 355,273 $ 24,309 $ (68,427) $ (2,156) Weighted-average common shares outstanding 40,199,681 34,531,362 16,669,065 13,800,884 Net dilutive effect of stock options and restricted stock 764,501 440,573 — — Weighted-average dilutive shares outstanding 40,964,182 34,971,935 16,669,065 13,800,884 Basic net income (loss) per share: Continuing operations $ 4.56 $ 0.57 $ (1.35) $ — Discontinued operations 4.27 0.13 (2.76) (0.16) Basic net income (loss) per share $ 8.83 $ 0.70 $ (4.11) $ (0.16) Diluted net income (loss) per share: Continuing operations $ 4.48 $ 0.57 $ (1.36) $ — Discontinued operations 4.19 0.13 (2.75) (0.16) Diluted net income (loss) per share $ 8.67 $ 0.70 $ (4.11) $ (0.16) Diluted net income per share excludes the impact of shares of potential common stock from the exercise of options and vesting of restricted stock units to purchase 206,899 and 524,649 shares for the Transition Period and year ended April 30, 2019, respectively, because the effect would be anti-dilutive.

Stock Compensation Plan - Text

Stock Compensation Plan - Text Blocks	12 Months Ended
	Dec. 25, 2021
Share-based Payment Arrangement [Abstract]
Stock Compensation Plan	Stock Compensation Plan 2019 Omnibus Incentive Plan In December 2019, the Company's stockholders approved the Company's 2019 Omnibus Incentive Plan (the "2019 Plan"). The 2019 Plan provides for a variety of awards, including stock options, stock appreciation rights, performance units, performance shares, shares of the Company’s common stock, par value $0.01 per share, restricted stock, restricted stock units, incentive awards, dividend equivalent units and other stock-based awards. Awards under the 2019 Plan may be granted to the Company’s eligible employees, directors, or consultants or advisors. The 2019 Plan provides that an aggregate maximum of 5,000,000 shares of common stock are reserved for issuance under the 2019 Plan, subject to adjustment for certain corporate events. At December 25, 2021 and December 26, 2020, 3,004,259 and 4,062,558 shares of common stock remained available for grant, respectively. Simultaneously with stockholder approval of the Plan, the Company's prior equity incentive compensation plan, the JTH Holding Inc. 2011 Equity and Cash Incentive Plan (the "2011 Plan"), was terminated. No new awards will be granted under the 2011 Plan, although awards previously granted under the 2011 Plan and still outstanding will continue to be subject to all terms and conditions of the 2011 Plan. Restricted Stock Units The Company has awarded service-based restricted stock units ("RSUs") to its non-employee directors, officers and certain employees. The Company recognizes expense based on the estimated fair value of the RSUs granted over the vesting period on a straight-line basis. The fair value of RSUs is determined using the Company's closing stock price on the date of the grant. At December 25, 2021, unrecognized compensation cost related to RSUs was $5.0 million. These costs are expected to be recognized through fiscal 2023. The following table summarizes the status of service-based RSU activity during the years ended December 25, 2021 and December 26, 2020, the Transition Period, and year ended April 30, 2019: Number of RSUs Weighted-Average Fair Value at Grant Date Balance at April 30, 2018 127,030 $ 12.48 Granted 147,991 10.40 Vested (28,029) 13.47 Forfeited (78,200) 12.31 Balance at April 30, 2019 168,792 $ 10.56 Granted 153,085 14.10 Vested (80,549) 10.73 Forfeited (36,122) 10.72 Balance at December 28, 2019 205,206 $ 13.11 Granted 192,809 24.83 Vested (85,911) 12.67 Forfeited (15,957) 19.69 Balance at December 26, 2020 296,147 $ 20.51 Granted 124,350 35.95 Vested (148,447) 20.11 Forfeited (2,342) 12.22 Balance at December 25, 2021 269,708 $ 27.92 Performance Restricted Stock Units The Company has awarded performance restricted stock units ("PRSUs") to its officers and certain employees. The Company recognizes expense based on the estimated fair value of the PRSUs granted over the vesting period on a straight-line basis. The fair value of PRSUs is determined using the Company's closing stock price on the date of the grant. At December 25, 2021, unrecognized compensation cost related to PRSUs was $8.3 million. These costs are expected to be recognized through fiscal 2023. The following table summarizes the status of PRSU activity during the years ended December 25, 2021 and December 26, 2020 and the Transition Period: Number of PRSUs Weighted-Average Fair Value at Grant Date Balance at April 30, 2019 — $ — Granted 465,833 14.40 Vested — — Forfeited — — Balance at December 28, 2019 465,833 $ 14.40 Granted 154,904 24.84 Vested — — Forfeited (2,000) 14.40 Balance at December 26, 2020 618,737 $ 17.00 Granted 107,023 35.66 Vested (19,500) 14.40 Forfeited — — Balance at December 25, 2021 706,260 $ 19.90 Market-Based Restricted Stock Units The Company has awarded market-based restricted stock units ("MPRSUs") to its officers and certain employees. The Company recognizes expense based on the estimated fair value of the MPRSUs granted over the vesting period on a straight-line basis. The fair value of MPRSUs is determined using a Monte Carlo simulation valuation model to calculate grant date fair value. Compensation expense is recognized over the requisite service period using the proportionate amount of the award’s fair value that has been earned through service to date. At December 25, 2021, unrecognized compensation cost related to MPRSUs was $14.1 million. These costs are expected to be recognized through fiscal 2024. The following table summarizes the status of MPRSU activity during the year ended December 25, 2021: Number of MPRSUs Weighted-Average Fair Value at Grant Date Balance at December 26, 2020 — $ — Granted 826,926 20.13 Vested — — Forfeited — — Balance at December 25, 2021 826,926 $ 20.13 Stock Options The Company has awarded stock options to its non-employee directors and officers. As of December 25, 2021 and December 26, 2020, there were 332,033 and 391,409 stock options outstanding, respectively. During the year ended December 25, 2021, there were 0 stock options granted, 59,376 stock options exercised, and 0 stock options forfeited. The weighted-average exercise price of stock options outstanding was $10.02 per share as of December 25, 2021. Stock options vest from the date of grant to three years after the date of grant and expire from 4 to 5 years after the vesting date. As of December 25, 2021 and December 26, 2020, there were 0 and 63,334 non-vested stock options outstanding, respectively. During the year ended December 25, 2021, there were 0 non-vested stock options granted, 63,334 options vested, and 0 non-vested stock options forfeited. At December 25, 2021, there was no remaining unrecognized compensation cost related to vested or non-vested stock options. The following table summarizes information about stock options outstanding and exercisable at December 25, 2021. Options outstanding Options exercisable Range of Exercise Prices Number of options outstanding Weighted-average exercise price Weighted-average remaining contractual life (in years) Number of options exercisable Weighted-average exercise price 0.00 - 10.89 204,500 $ 8.80 1.5 204,500 $ 8.80 10.90 - 12.01 127,533 11.98 2.3 127,533 11.98 332,033 $ 10.02 332,033 $ 10.02 Stock Compensation Expense The Company recorded $13.4 million, $8.9 million, and $2.3 million of expense related to stock awards from continuing operations for the years ended December 25, 2021, December 26, 2020, and the Transition Period, respectively. There were no expenses related to stock awards from continuing operations recorded for the year ended April 30, 2019. The Company has stock based incentive plans at various operating companies which are recorded as liabilities. The total aggregate liability for these plans as of December 25, 2021 is $1.7 million, recorded in "Accounts payable and accrued expenses" on the Consolidated Balance Sheet. During the year ended December 25, 2021, total expense recognized related to these plans was $1.5 million, included in the total $13.4 million of expense related to stock awards from continuing operations noted above. Future expense to be recognized for these plans as of December 25, 2021 is $19.9 million.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 25, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes TRA The Company previously had a non-controlling interest as a result of its acquisition of Buddy's on July 10, 2019. On April 1, 2020, the Company redeemed all of the non-controlling interest units. On July 10, 2019, the Company entered into a tax receivable agreement (the "TRA") with the then-existing non-controlling interest holders, which comprised the former equity holders of Buddy's ("the "Buddy's Members") that provides for the payment by the Company to the non-controlling interest holders of 40% of the cash savings, if any, in federal, state and local taxes that the Company realizes or is deemed to realize as a result of any increases in tax basis of the assets of New Holdco resulting from future redemptions or exchanges of New Holdco units. During the year ended December 26, 2020, the Company acquired an aggregate of 9,433,332 New Holdco units, which resulted in an increase in the tax basis of its investment in New Holdco subject to the provisions of the TRA. As of December 25, 2021, the Company recognized a total liability in the amount of $17.3 million for the payments due to the redeeming members under the Tax Receivable Agreement ("TRA Payments"), representing 40% of the cash savings it expects to realize from the tax basis increases related to the redemption of New Holdco units. In the year ended December 25, 2021, the Company recognized an additional $0.5 million for the payments due to the redeeming members. TRA Payments will be made when such TRA related deductions actually reduce the Company’s income tax liability. No payments were made to members of New Holdco pursuant to the TRA during the year ended December 25, 2021. Pursuant to the Company's election under Section 754 of the Internal Revenue Code (the "Code"), the Company has obtained an increase in its share of the tax basis in the net assets of New Holdco when the New Holdco units were redeemed or exchanged by the non-controlling interest holders and other qualifying transactions. The Company has treated the redemptions and exchanges of New Holdco units by the non-controlling interest holders as direct purchases of New Holdco units for U.S. federal income tax purposes. This increase in tax basis will reduce the amounts that it would otherwise pay in the future to various tax authorities. They may also decrease gains (or increase losses) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets. CARES Act The Coronavirus, Aid, Relief, and Economic Security, or CARES Act (the “Act”) was enacted on March 27, 2020. The Act retroactively changed the eligibility of certain assets for expense treatment in the year placed in service, back to 2018, and permitted any net operating loss for the tax years 2018, 2019 and 2020 to be carried back for 5 years. The Company recorded a total income tax benefit of $52.3 million during the year ended December 26, 2020 associated with the income tax components contained in the Act. As of December 25, 2021, the Company has completed its analysis of the tax effects of the Act but continues to monitor developments by federal and state rule making authorities regarding implementation of the Act. The Company will adjust, if needed, as new laws or guidance becomes available. Global intangible low-taxed income (GILTI) The Tax Act subjects a U.S. shareholder to tax on GILTI earned by certain foreign subsidiaries. The FASB Staff Q&A, Topic 740, No. 5, Accounting for Global Intangible Low-Taxed Income, states that an entity can make an accounting policy election to either recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years or provide for the tax expense related to GILTI in the year the tax is incurred as a period expense only. The Company elected to account for GILTI in the year the tax is incurred as a period cost. Components of income tax expense for the fiscal years ended December 25, 2021, December 26, 2020, the Transition Period, and year ended April 30, 2019 were as follows: (In thousands) 12/25/2021 12/26/2020 12/28/2019 4/30/2019 Current: Federal $ — $ (62,897) $ — $ — State 1,362 615 56 — Current tax expense 1,362 (62,282) 56 — Deferred: Federal (37,816) 3,931 (3,971) — State 2,916 (2,150) (4,662) — Deferred tax expense (benefit) (34,900) 1,781 (8,633) — Total income tax expense (benefit) $ (33,538) $ (60,501) $ (8,577) $ — For the years ended December 25, 2021, December 26, 2020, Transition Period, and year ended April 30, 2019, income before taxes consisted of the following: (In thousands) 12/25/2021 12/26/2020 12/28/2019 4/30/2019 Income (loss) before income taxes $ 158,428 $ (49,557) $ (50,019) $ — Income tax benefit differed from the amounts computed by applying the U.S. federal income tax rate of 21% to pre-tax income from continuing operations as a result of the following for years ended December 25, 2021 and December 26, 2020 are as follows: (In thousands) 12/25/2021 12/26/2020 Computed "expected" income tax benefit $ 33,270 $ (10,407) Increase (decrease) in income taxes resulting from: State income taxes, net of federal benefit 5,304 (2,083) Bargain purchase gain (27,729) — 162(m) limitation 2,019 — Nondeductible expenses 197 55 Stock compensation expense (900) 196 Transaction costs 858 392 Permanent goodwill on sale of Buddy's stores — 1,062 CARES Act — (52,337) Non-controlling interest in New Holdco — 1,782 Research credit — (676) Decrease in DTL due to change in tax status — (8,882) Decrease to valuation allowance due to change in tax status — 8,882 Decrease in valuation allowance due to CARES Act — (11,417) Increase in valuation allowance due to operations — 2,456 Increase in DTL for current year activity — 10,254 Decrease in valuation allowance due to current year income (45,180) — Other (1,377) 222 Total income tax benefit $ (33,538) $ (60,501) The tax effect of temporary differences between the financial statement carrying amounts and tax basis of assets and liabilities that give rise to significant portions of deferred tax assets and liabilities as of December 25, 2021 and December 26, 2020 are as follows: (In thousands) 12/25/2021 12/26/2020 Deferred tax assets: Federal and state net operating loss carryforward $ 16,865 $ 19,364 Section 743 adjustment 38,604 39,974 Interest expense carryforward 1,485 559 State bonus depreciation 5,069 4,791 Equity compensation 3,806 2,316 Inventory 4,528 5,793 Goodwill, intangible assets, and assets held for sale (Canada) — 33 R&D Credits — 601 Deferred revenue 4,176 1,056 Accrued expenses and reserves 9,976 4,212 Property, plant, and equipment (Canada) — 115 Allowances 795 4,272 Unrealized gain/loss — 29 Lease liability (ASC 842) 185,064 138,850 Other 3,463 2 Total deferred tax assets (before valuation allowance) 273,831 221,967 Valuation allowance (8,213) (53,004) Total deferred tax assets (after valuation allowance) 265,618 168,963 Deferred tax liabilities Property, plant, and equipment (U.S.) (78,895) (30,147) Goodwill, intangible assets, and assets held for sale (U.S.) (33,786) (16,678) Right-of-use assets (ASC 842) (181,227) (131,637) Prepaid expenses (4,968) (2,620) Total deferred tax liabilities (298,876) (181,082) Net deferred tax liability $ (33,258) $ (12,119) In assessing the realizability of the gross deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. The Company increased its valuation allowance by $47.0 million, of which $45.2 million was attributable to continuing operations. The Company increased its valuation allowance by $2.2 million related to acquired net operating losses subject to Section 382 limitation. As of December 25, 2021, the Company has gross U.S. federal net operating losses of $40.4 million, state net operating losses of $172.5 million, a portion of which will begin to expire in 2024. A portion of the Company's net operating loss carry forwards is subjected to an annual limitation under Section 382, which may restrict the Company's ability to use them to offset its taxable income in future periods. The Company adopted the accounting and disclosure requirements for uncertain tax positions, which require a two-step approach to evaluate tax positions. This approach involves recognizing any tax positions that are more likely than not to occur and then measuring those positions to determine the amounts to be recognized in the financial statements. The Company increased reserves for uncertain tax positions by $4.8 million as of December 25, 2021 related to prior tax positions. The Company decreased its position of $0.2 million related to its Canadian entity. It is reasonably possible that $1.5 million of uncertain tax positions may be recognized in the coming year as a result of a lapse of the statute of limitations. A reconciliation of the beginning and ending balance of the gross liability for uncertain tax positions for the fiscal years ended December 25, 2021 and December 26, 2020, is as follows: (In thousands) 12/25/2021 12/26/2020 Liability for uncertain tax positions, beginning of year $ 357 $ 461 Decreases related to current year positions (219) (104) Increases related to prior year positions 4,819 — Liability for uncertain tax positions, end of year $ 4,957 $ 357

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 25, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of operations, the Company may become a party to legal proceedings. Based upon information currently available, management believes that such legal proceedings, individually or in the aggregate, will not have a material adverse effect on the Company's business, financial condition, cash flows, or results of operations. The Company is party to claims and lawsuits that are considered to be ordinary, routine litigation incidental to the business, including claims and lawsuits concerning the fees charged to customers for various products and services, relationships with franchisees, intellectual property disputes, employment matters, and contract disputes. Although the Company cannot provide assurance that it will ultimately prevail in each instance, it believes the amount, if any, it will be required to pay in the discharge of liabilities or settlements in these claims will not have a material adverse impact on its consolidated results of operations, financial position, or cash flows. Guarantees The Company remains secondarily liable under various real estate leases that were assigned to franchisees who acquired Pet Supplies Plus stores from the Company. In the event of the failure of an acquirer to pay lease payments, the Company could be obligated to pay the remaining lease payments which extend through 2033 and aggregated $22.9 million as of December 25, 2021. If the Company is required to make payments under these guarantees, the Company could seek to recover those amounts from the franchisees or in some cases their affiliates. The Company believes that payment under these guarantees is remote as of December 25, 2021.

Segments (Notes)

Segments (Notes)	12 Months Ended
	Dec. 25, 2021
Segment Reporting [Abstract]
Segments	SegmentsThe Company's operations are conducted in six reporting business segments: Vitamin Shoppe, Pet Supplies Plus, Badcock, American Freight, Buddy's, and Sylvan. The Company defines its segments as those operations which results its chief operating decision maker ("CODM") regularly reviews to analyze performance and allocate resources. The results of operations of Buddy's are included in the Company's results of operations beginning on July 10, 2019, the results of operations of Vitamin Shoppe are included in the Company's results of operations beginning on December 16, 2019, while the results of operations of American Freight are included in the Company's results of operations beginning on February 14, 2020. The results of operations of the Sears Outlet business are included in the Company's results of operations beginning on October 23, 2019 and are included in the results of operations of the American Freight segment. The results of operations of the FFO business are included in the Company's results of operations beginning on December 27, 2020 and are included in the results of operations of the American Freight segment. The results of Pet Supplies Plus are included in the Company's results of operations beginning on March 10, 2021, the results of operations of Sylvan are included in the Company's results of operations beginning on September 27, 2021, and the results of Badcock are included in the Company's results of operations beginning on November 22, 2021. As a result of the Company's sale of its Liberty Tax business, as discussed in "Note 3. Discontinued Operations", the Company's Liberty Tax business is not reported in segment information as this business is reported as a discontinued operation. Current and prior year amounts have been revised to reflect this change. The Company measures the results of our segments using, among other measures, each segment's net revenues, operating expenses and operating income (loss). The Company may revise the measurement of each segment's operating income, including the allocation of overhead costs, as determined by the information regularly reviewed by the CODM. When the measurement of a segment changes, previous period amounts and balances are reclassified to be comparable to the current period's presentation. Because the Pet Supplies Plus Acquisition, Sylvan Acquisition, and Badcock Acquisition occurred in the year ended December 25, 2021, comparable information is not available; therefore, aforementioned segments' information is not provided in this discussion. Due to our Liberty Tax business being a discontinued operation, there is no comparative segment information to report. The Company measures the results of its segments, using, among other measures, each segment's total revenue and income (loss) from operations. The Company may revise the measurement of each segment's income (loss) from operations as determined by the information regularly reviewed by the CODM. For the period ended December 29, 2018 and the year ended April 30, 2019, all revenues and operating income (loss) were from discontinued operations so no amounts are presented in the tables below. Total revenues by segment are as follows: Twelve Months Ended Twelve Months Ended Transition Period From 5/1/2019 - (In thousands) 12/25/2021 12/26/2020 12/28/2019 Total revenue: Vitamin Shoppe $ 1,172,725 $ 1,035,964 $ 30,574 Pet Supplies Plus 917,439 — — Badcock 102,057 — — American Freight 988,892 896,431 68,230 Buddy's 64,409 97,332 35,722 Sylvan 9,682 — — Consolidated total revenue $ 3,255,204 $ 2,029,727 $ 134,526 Operating income (loss) by segment are as follows: Twelve Months Ended Twelve Months Ended Transition Period From 5/1/2019 - (In thousands) 12/25/2021 12/26/2020 12/28/2019 Income (loss) from operations: Vitamin Shoppe $ 104,004 $ 5,371 $ (13,509) Pet Supplies Plus 41,654 — — Badcock 22,674 — — American Freight 66,541 40,348 (18,539) Buddy's 16,685 20,364 3,172 Sylvan (712) — — Total Segments 250,846 66,083 (28,876) Corporate (24,495) (13,572) (14,145) Consolidated income (loss) from operations $ 226,351 $ 52,511 $ (43,021) (In thousands) 12/25/2021 12/26/2020 Total assets: Vitamin Shoppe $ 596,964 $ 607,148 Pet Supplies Plus 957,849 — Badcock 1,062,310 — American Freight 959,282 801,731 Buddy's 146,033 137,698 Sylvan 103,850 — Total Segments 3,826,288 1,546,577 Corporate 86,883 203,196 Consolidated total assets $ 3,913,171 $ 1,749,773

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 25, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On February 22, 2022, the Company's Board of Directors declared quarterly dividends of $0.625 per share of common stock and $0.46875 per share of Series A Preferred Stock. The dividends will be paid in cash on or about April 15, 2022 to holders of record of the Company's common stock and Series A Preferred Stock on the close of business on April 1, 2022. On February 22, 2022, the Company's Board of Directors approved a change in the Company's fiscal year-end from the Saturday in December closest to December 31st to the Saturday closest to December 31st.

Organization and Significant Ac

Organization and Significant Accounting Policies - Policy Text Blocks (Policies)	12 Months Ended
	Dec. 25, 2021
Accounting Policies [Abstract]
Organization and Plan of Reorganization	Description of Business .
Segment Reporting	Segment Information . The Company currently operates in six reportable segments: Vitamin Shoppe, Pet Supplies Plus, Badcock, American Freight, Buddy’s, and Sylvan. The Vitamin Shoppe segment is an omnichannel specialty retailer of vitamins, minerals, herbs, specialty supplements, sports nutrition, and other health and wellness products. The Vitamin Shoppe segment markets approximately 700 nationally recognized brands as well as its own brands, which include The Vitamin Shoppe®, BodyTech®, True Athlete®, plnt®, ProBioCare®, Fitfactor Weight Management System® and Vthrive The Vitamin Shoppe®, and is headquartered in Secaucus, New Jersey. The Pet Supplies Plus segment is a leading omnichannel retail chain and franchisor and retailer of pet supplies and services. Pet Supplies Plus has a diversified revenue model comprised of Company-owned store revenue, franchise royalties and revenue generated from wholesale distribution to franchisees. The Pet Supplies Plus segment consists of the Company's operations under the "Pet Supplies Plus" brand and is headquartered in Livonia, Michigan. The Badcock segment is a specialty retailer of furniture, appliances, bedding, electronics, home office equipment, accessories and seasonal items in a showroom format. Additionally, Badcock offers multiple and flexible payment solutions and credit options through its consumer financing services. We expect Badcock to shift its consumer financing business to third- party vendors in the future. The Badcock segment operates under the brand "Badcock Home Furniture & More" and is headquartered in Mulberry, Florida. The American Freight segment is a retail chain offering in-store and online access to furniture, mattresses, new and out-of-box home appliances and home accessories and seasonal items in a showroom format. The American Freight segment consists of our operations under the "American Freight" banner and is headquartered in Delaware, Ohio. The Buddy's segment is a specialty retailer of high quality, name brand consumer electronics, residential furniture, appliances and household accessories through rent-to-own agreements. The Buddy's segment consists of the Company's operations under the "Buddy's" brand and is headquartered in Orlando, Florida.
Property, Equipment, and Software	Property, Plant, and Equipment. Property, plant, and equipment are stated at cost less accumulated depreciation and amortization. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the assets, generally seven years for land and land improvements, twenty to thirty years for buildings, and seven, fifteen, or thirty-nine years for building improvements. Leasehold improvements are amortized over the lesser of the lease term or the estimated useful lives of the assets. Furniture, fixtures, and equipment are amortized five to ten years, which includes machinery (amortized for seven years) and computer equipment (amortized three to five years). Certain allowable costs of software acquired, developed, or obtained for internal use are capitalized and typically amortized over the estimated useful life of the software. Software also includes educational materials, which is amortized two to five years.
Goodwill	Goodwill and Non-amortizing Intangible Assets. Goodwill and non-amortizing intangible assets (Tradenames), including the segments' tradenames, are not amortized, but rather tested for impairment at least annually. In addition, goodwill and non-amortizing intangible assets will be tested on an interim basis if an event or circumstance indicates that it is more likely than not that an impairment loss has been incurred. The Company performs a qualitative and/or quantitative assessment to determine whether it is more likely than not that each reporting unit's fair value is less than its carrying value, including goodwill. If the Company determines that it is more likely than not that the fair value of the reporting unit is less than its carrying value, the Company then estimates the fair value. The Company uses either a market multiple method or a discounted cash flow method to estimate the fair value of its reporting units and recognizes goodwill impairment for any excess of the carrying amount of a reporting unit’s goodwill over its estimated fair value. The Company evaluates the segments' tradenames for impairment by comparing the fair value, based on an income approach using the relief-from-royalty method, to the carrying value. If the carrying value of the asset exceeds its estimated fair value, an impairment loss is recognized in an amount equal to that excess. The Company's reporting units are determined in accordance with the provisions of ASC 350, “Intangibles - Goodwill and Other.” The Company performs its annual impairment testing of goodwill and non-amortizing intangible assets on the last day of the first month of the Company's third quarter. Refer to “Note 6 - Goodwill and Intangible Assets” for additional information on these balances. Intangible Assets and Asset Impairment. Components of intangible assets consist of customer contracts, franchise and dealer agreements, and proprietary content. Amortization of intangible assets is calculated using the straight-line method over the estimated useful lives of the assets. Amortization of intangible assets is generally two to ten years. Purchased intangible
Deferred Revenue and Revenue Recognition	Revenue Recognition. The following is a description of the principal activities from which the Company generates its revenues. For more detailed information regarding reportable segments, see "Note 7 - Revenue." • Product revenues: These include sales of merchandise at the stores and online. Revenue is measured based on the amount of fixed consideration that the Company expects to receive, reduced by estimates for variable consideration such as returns. Revenue also excludes any amounts collected from customers and remitted or payable to governmental authorities. In arrangements where the Company has multiple performance obligations, the transaction price is allocated to each performance obligation using the relative stand-alone selling price. The Company satisfies its performance obligations at the point of sale for retail store transactions and upon delivery for online transactions. The Company recognizes revenue for retail store and online transactions when it transfers control of the goods to the customer. Merchandise sales also include payments received for the exercise of the early purchase option offered through rental-purchase agreements or merchandise sold through point of sale transactions. Revenue for merchandise sales associated with rental purchase agreements is recognized when payment is received, and ownership of the merchandise passes to the customer. • Service and other revenues: These may include the following: ◦ Franchise fees; ◦ Royalties and advertising fees; ◦ Financing revenue; ◦ Warranty and damage revenue; ◦ Interest income; ◦ Services and extended-service plans; and ◦ Other miscellaneous income. Commissions earned on services and financing revenue are presented net of related costs because the Company is acting as an agent in arranging the services for the customer and does not control the services being rendered. The Company recognizes revenue on the commissions on extended-service plans when it transfers control of the related goods to the customer. The Company recognizes franchise fee revenue for the sales of individual territories on a straight-line basis over the initial contract term and renewal periods when the obligations of the Company to prepare the franchisee for operation are substantially complete, not to exceed the estimated amount of cash to be received. Royalties and advertising fees are recognized as franchisees generate sales. twelve
Derivative Instruments and Hedging Activities	Fair Value of Financial Instruments. As required, financial assets and liabilities are classified in the fair value hierarchy in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. The carrying value of Cash and cash equivalents, restricted cash, accounts receivable and accounts payable as reported in the accompanying unaudited consolidated balance sheets approximate fair value due to their short-term maturities. The carrying amount of Long-term debt approximates fair value because the interest rate paid has a variable component. The fair value for the Company's Investment in equity securities for which it does not have the ability to exercise significant influence is based on quoted prices in active markets.
Income Taxes	Deferred Income Taxes. Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities, which are recorded within "Other non-current assets" and "Other non-current liabilities" within the consolidated balance sheets, are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company has elected to classify interest charged on a tax settlement in interest expense, and accrued penalties, if any, in selling, general, and administrative expenses. The determination of the Company's provision for income taxes requires significant judgment, the use of estimates, and the interpretation and application of complex tax laws. Significant judgment is required in assessing the timing and amounts of deductible and taxable items. The Company records unrecognized tax benefit liabilities for known or anticipated tax issues based on an analysis of whether, and the extent to which, additional taxes will be due.
Stock-Based Compensation	Stock-Based Compensation. The Company records the cost of its employee stock-based compensation as compensation expense in its consolidated statements of operations. Compensation costs related to stock options are based on the grant-date fair value of awards using the Black-Scholes-Merton option pricing model and considering forfeitures. Compensation costs related to restricted stock units are based on the grant-date fair value and are amortized on a straight-line basis over the vesting period. The Company recognizes compensation costs for an award that has a graded vesting schedule on a straight-line basis over the requisite service period for the entire award. Compensation costs related to market-based restricted stock units are based on the grant-date fair value of the awards using a Monte Carlo simulation valuation model to calculate grant date fair value. Compensation expense is recognized over the requisite service period using the proportionate amount of the award’s fair value that has been earned through service to date.
Use of Estimates	Principles of Consolidation . The audited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. ("GAAP"). The Company consolidates any entities in which it has a controlling interest, the usual condition of which is ownership of a majority voting interest. Prior to April 1, 2020, the Company reported a non-controlling interest representing the economic interest in New Holdco held by the Buddy’s Members. As of April 1, 2020, the Company redeemed all outstanding New Holdco units for shares of common stock of the Company and now has a 100% interest in New Holdco. Refer to "Note 10 - Stockholders Equity" for more information on the non-controlling interest. The Company does not possess any ownership interests in franchisee entities; however, the Company may provide financial support to franchisee entities. Because the Company's franchise arrangements provide franchisee entities the power to direct the activities that most significantly impact their economic performance, the Company does not consider itself the primary beneficiary of any such entity that meets the definition of a variable interest entity ("VIE"). The primary beneficiary is the entity that possesses the power to direct the activities of the VIE that most significantly impact its economic performance and has the obligation to absorb losses or the right to receive benefits from the VIE that are significant to it. Based on the results of management's analysis of potential VIEs, the Company has not consolidated any franchisee entities. The Company's maximum exposure to loss resulting from involvement with potential VIEs is attributable to accounts and notes receivables and future lease payments due from franchisees. When the Company does not have a controlling interest in an entity but has the ability to exert significant influence over the entity, the Company applies the equity method of accounting. All intercompany balances and transactions have been eliminated in consolidation.
Recently Issued Accounting Standards	Accounting Pronouncements In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-13, " Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ", which changes how companies will measure credit losses for most financial assets and certain other instruments that aren't measured at fair value through net income. The standard replaces the "incurred loss" approach with an "expected loss" model for instruments measured at amortized cost (which generally will result in the earlier recognition of allowances for losses) and requires companies to record allowances for available-for-sale debt securities, rather than reduce the carrying amount. In addition, companies will have to disclose significantly more information, including information used to track credit quality by year of origination, for most financing receivables. The ASU should be applied as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the standard is effective. The ASU is effective for the Company for the 2023 fiscal year. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “ Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. ” This standard eliminates Step 2 from the goodwill impairment test. Instead, an entity should compare the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The ASU is effective for the Company for the 2023 fiscal year. The Company is currently evaluating the impact of the adoption of this standard to its consolidated financial statements. The London Interbank Offered Rate (“LIBOR”) is scheduled to be discontinued on June 30, 2023. In an effort to address the various challenges created by such discontinuance, the FASB issued an amendment to existing guidance, ASU No. 2020-04, " Reference Rate Reform ." The amended guidance is designed to provide relief from the accounting analysis and impacts that may otherwise be required for modifications to agreements (e.g., loans, debt securities, derivatives, borrowings) necessitated by the reference rate reform. It also provides optional expedients to enable companies to continue to apply hedge accounting to certain hedging relationships impacted by the reference rate reform. Application of the guidance in the amendment is optional, is only available in certain situations, and is only available for companies to apply until December 31, 2022. The Company expects to adopt the guidance and begin transitioning from LIBOR to alternative reference rates in the first quarter of fiscal 2023. The Company does not expect adoption and transition to alternative reference rates to have a material impact on its consolidated financial statements. Effective as of May 1, 2019, the Company has adopted ASU No. 2016-02, " Leases (Topic 842)" . The guidance in ASU 2016-02 (as subsequently amended by ASU 2018-01, ASU 2018-10, ASU 2018-11 and ASU 2018-20) requires that a lessee recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The Company has adopted utilizing the transition election to not restate comparative periods for the impact of adopting the standard and recognizing the cumulative impact of adoption in the opening balance of retained earnings.
Lessee, Leases	Leases. The Company's lease portfolio primarily consists of leases for its retail store locations, office space and distribution centers, as well as in the operation of certain of our dealer-owned stores. The Company also leases tractors and trucks used in its Badcock segment, local delivery trucks used in its American Freight segment, and leases certain office equipment under finance leases. The finance lease right of use assets are included in property, plant, and equipment ("PP&E") and the finance lease liabilities are included in current installments of long-term obligations. The Company determines if an arrangement is a lease at inception by evaluating whether the arrangement conveys the right to use an identified asset and whether the Company obtains substantially all of the economic benefits from and has the ability to direct the use of the asset. Operating leases with an initial term of 12 months or less are not recorded on the consolidated balance sheets, and the Company recognizes rent expense for these leases on a straight-line basis over the lease term. For leases with an initial term in excess of 12 months, lease right-of-use assets and lease liabilities are recognized based on the present value of the future lease payments over the committed lease term at the lease commencement date. The Company’s leases do not provide an implicit rate; therefore, the Company uses its incremental borrowing rate and the information available at the lease commencement date in determining the present value of future lease payments. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow, on a collateralized basis over a similar term, an amount equal to the lease payments in a similar economic environment. Most leases include one or more options to renew and the exercise of renewal options is at the Company’s sole discretion. The Company does not include renewal options in its determination of the lease term unless the renewals are deemed to be reasonably certain at lease commencement. For leases where the Company is a lessor, rent income and related operating lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company uses the long-lived assets impairment guidance in ASC 360-10, “Property, Plant, and Equipment - Overall,” to determine whether a right-of-use asset is impaired, and if so, the amount of the impairment loss to recognize. The Company subleases some of its real estate leases. Our lessor and sublease portfolio primarily consists of stores within our Badcock segment that have been leased to dealers. For these leases, which are all classified as operating leases, we account for the lease and non-lease components as one lease component, as discussed above. For operating leases, lease costs are recorded within selling, general, and administrative expenses ("SG&A") within the consolidated statements of operations as follows: (1) rental expense related to leases for Company-owned stores (2) rental expense for leased properties that are subsequently subleased to dealers, and (3) rental income from sublease agreements with dealers. For finance leases where the Company is the lessee, lease cost includes the amortization of the right-of-use ("ROU") asset, which is amortized on a straight-line basis and recorded to "SG&A" and interest expense on the finance lease liabilities is recorded to "Interest expense, net." Finance lease ROU assets are amortized over the shorter of their estimated useful lives or the terms of the respective leases.
Fair Value of Financial Instruments, Policy	(1) Organization and Significant Accounting Policies Description of Business . Franchise Group, Inc. (the "Company") is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophies to generate strong cash flows. The Company has a diversified and growing portfolio of highly recognized brands. Change in Fiscal Year-End. On October 1, 2019, the Board of Directors of the Company approved a change in the Company's fiscal year-end from April 30 to the Saturday closest to December 31 of each year. The decision to change the fiscal year-end was related to the Company's recent acquisitions to more closely align the Company’s operations and internal controls with that of its subsidiaries. As a result of the change in fiscal year-end the Company previously filed a Transition Report on Form 10-K/T reporting the Company's financial results for the period beginning May 1, 2019 through December 28, 2019. Acquisitions. For a complete description of the Company's acquisitions, see "Note 2 - Acquisitions". On March 10, 2021, the Company completed its acquisition of Pet Supplies Plus for an aggregate purchase price of $451.1 million. On September 27, 2021, the Company completed its acquisition of Sylvan Learning ("Sylvan") for an aggregate purchase price of $ $82.9 million. On November 22, 2021, the Company completed its acquisition of Badcock Home Furniture & More ("Badcock") for an aggregate purchase price of $545.8 million . The assets acquired and the liabilities assumed in the acquisitions above are recorded at fair value in accordance with Accounting Standards Codification ("ASC") 805, "Business Combinations." Acquisition-related costs are expensed as incurred. The purchase price is allocated to the various tangible and intangible assets acquired and liabilities assumed, based on their estimated fair values, some of which are preliminary as of December 25, 2021. In the case where there is an excess of aggregate net fair value of assets acquired and liabilities assumed over the fair value of consideration transferred, the purchase price will be recorded as a bargain purchase gain. Determining the fair value of certain assets and liabilities is subjective in nature and often involves the use of significant estimates and assumptions, which are inherently uncertain. Many of the estimates and assumptions used to determine fair values, such as those used for intangible assets are made based on forecasted information and discount rates. In addition, the judgments made in determining the estimated fair value assigned to each class of assets acquired and liabilities assumed, as well as asset lives, can materially impact the Company's results of operations. During the measurement period, which is not to exceed one year from the acquisitions, the Company may record adjustments to the acquired assets and liabilities assumed or the preliminary purchase price, with a corresponding offset to goodwill or bargain purchase gain, to reflect new information obtained about facts and circumstances that existed as of the acquisition dates. Upon the conclusion of the measurement period, any subsequent adjustments are recorded to earnings. Divestitures. On July 2, 2021, the Company completed the sale of its Liberty Tax business to NextPoint, as described in "Note 3 - Discontinued Operations". Segment Information . The Company currently operates in six reportable segments: Vitamin Shoppe, Pet Supplies Plus, Badcock, American Freight, Buddy’s, and Sylvan. The Vitamin Shoppe segment is an omnichannel specialty retailer of vitamins, minerals, herbs, specialty supplements, sports nutrition, and other health and wellness products. The Vitamin Shoppe segment markets approximately 700 nationally recognized brands as well as its own brands, which include The Vitamin Shoppe®, BodyTech®, True Athlete®, plnt®, ProBioCare®, Fitfactor Weight Management System® and Vthrive The Vitamin Shoppe®, and is headquartered in Secaucus, New Jersey. The Pet Supplies Plus segment is a leading omnichannel retail chain and franchisor and retailer of pet supplies and services. Pet Supplies Plus has a diversified revenue model comprised of Company-owned store revenue, franchise royalties and revenue generated from wholesale distribution to franchisees. The Pet Supplies Plus segment consists of the Company's operations under the "Pet Supplies Plus" brand and is headquartered in Livonia, Michigan. The Badcock segment is a specialty retailer of furniture, appliances, bedding, electronics, home office equipment, accessories and seasonal items in a showroom format. Additionally, Badcock offers multiple and flexible payment solutions and credit options through its consumer financing services. We expect Badcock to shift its consumer financing business to third- party vendors in the future. The Badcock segment operates under the brand "Badcock Home Furniture & More" and is headquartered in Mulberry, Florida. The American Freight segment is a retail chain offering in-store and online access to furniture, mattresses, new and out-of-box home appliances and home accessories and seasonal items in a showroom format. The American Freight segment consists of our operations under the "American Freight" banner and is headquartered in Delaware, Ohio. The Buddy's segment is a specialty retailer of high quality, name brand consumer electronics, residential furniture, appliances and household accessories through rent-to-own agreements. The Buddy's segment consists of the Company's operations under the "Buddy's" brand and is headquartered in Orlando, Florida. The Sylvan segment is an established and growing franchisor of supplemental education for Pre-K-12 students and families in the United States and Canada. The Sylvan segment consists of the Company's operations under the "Sylvan" brand and is headquartered in Hunt Valley, Maryland. Principles of Consolidation . The audited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. ("GAAP"). The Company consolidates any entities in which it has a controlling interest, the usual condition of which is ownership of a majority voting interest. Prior to April 1, 2020, the Company reported a non-controlling interest representing the economic interest in New Holdco held by the Buddy’s Members. As of April 1, 2020, the Company redeemed all outstanding New Holdco units for shares of common stock of the Company and now has a 100% interest in New Holdco. Refer to "Note 10 - Stockholders Equity" for more information on the non-controlling interest. The Company does not possess any ownership interests in franchisee entities; however, the Company may provide financial support to franchisee entities. Because the Company's franchise arrangements provide franchisee entities the power to direct the activities that most significantly impact their economic performance, the Company does not consider itself the primary beneficiary of any such entity that meets the definition of a variable interest entity ("VIE"). The primary beneficiary is the entity that possesses the power to direct the activities of the VIE that most significantly impact its economic performance and has the obligation to absorb losses or the right to receive benefits from the VIE that are significant to it. Based on the results of management's analysis of potential VIEs, the Company has not consolidated any franchisee entities. The Company's maximum exposure to loss resulting from involvement with potential VIEs is attributable to accounts and notes receivables and future lease payments due from franchisees. When the Company does not have a controlling interest in an entity but has the ability to exert significant influence over the entity, the Company applies the equity method of accounting. All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates . The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Basis of Presentation. Revenues have been classified into product, service and other and rental revenues as further discussed in "Note 7 - Revenue." Costs of sales for product includes the cost of merchandise, transportation and warehousing costs. Service and other costs of sales include the direct costs of warranties. Rental cost of sales represents the amortization of inventory costs over the leased term. Other operating expenses, including employee costs, depreciation and amortization, and advertising expenses have been classified in selling, general and administrative expenses. The Company also includes occupancy costs in selling, general and administrative expenses. Cash and Cash Equivalents . The Company considers all highly liquid instruments with maturities of three months or less at the time of purchase, as well as credit card receivables for sales to customers in its Company-operated stores that generally settle within two to five business days, to be cash equivalents. The Company maintains cash and cash equivalent balances with financial institutions that exceed federally-insured limits. The Company has not experienced any losses related to these balances, and the Company believes credit risk to be minimal. Inventories . Inventory for the Vitamin Shoppe segment is recorded at the lower of cost or market value using the weighted-average cost method. Inventory includes costs directly incurred in bringing the product to its existing condition and location. In addition, the cost of inventory is reduced by purchase discounts and other allowances received from vendors. A markdown reserve is estimated based on a variety of factors, including, but not limited to, the amount of inventory on hand and its remaining shelf life, current and expected market conditions and product expiration dates. In addition, the Company has established a reserve for estimated inventory shrinkage based on the actual, historical shrinkage of its most recent physical inventories adjusted, if necessary, for current economic conditions and business trends. Physical inventories and cycle counts are taken on a regular basis. These adjustments are estimates, which could vary significantly from actual results if future economic conditions, customer demand or competition differ from management expectations. Inventory for the Pet Supplies Plus segment is recorded at the lower of cost, determined on the average cost method or net realizable value for store inventories. Pet Supplies Plus includes freight and labor costs on products purchased from its distribution center in cost of products sold. Wholesale inventories are valued at the lower of cost (including freight), determined on the average cost method or net realizable value. Volume-based vendor allowances, rebates, and credits that relate to the Company's store merchandising activities are applied to product cost and recognized in cost of goods sold as the related product is sold. Inventory for the Badcock segment is comprised of finished goods and is valued at the lower of cost or market value, with cost determined by the first-in, first-out method. Inventory includes the purchase price of the inventory plus costs of freight for moving merchandise from vendors to distribution centers as well as from distribution centers to stores. An obsolescence reserve is estimated based on the amount of inventory on hand, its age, and its condition. Estimates are compared to the actual results of the physical inventory counts as they are taken and adjust the shrink estimates accordingly. Inventory for American Freight is comprised of finished goods and is valued at the lower of cost or market, with cost determined by the first-in, first-out method. The Company writes down inventory, the impact of which is reflected in cost of sales in the consolidated statements of operations, if the cost of specific inventory items on hand exceeds the amount the Company expects to be realized from the ultimate sale or disposal of the inventory. These estimates are based on management’s judgment regarding future demand and market conditions and analysis of historical experience. Inventory includes the purchase price of the inventory plus costs of freight for moving merchandise from vendors to distribution centers as well as from distribution centers to stores. A provision for estimated shrinkage is maintained based on the actual historical results of physical inventories. Estimates are compared to the actual results of the physical inventory counts as they are taken and adjust the shrink estimates accordingly. Inventory for the Buddy's segment is recorded at cost, including shipping and handling fees. Upon purchase, merchandise is not initially depreciated until it is leased or three months after the purchase date. Non-leased merchandise is depreciated on a straight-line basis over a period of 24 months. Leased merchandise is depreciated over the lease term of the rental agreement and recorded in rental cost of revenue. On a weekly basis, all damaged, lost, stolen, or unsalable merchandise identified is written off. Maintenance and repairs of lease merchandise are charged to operations as incurred. Receivables and Allowance for Doubtful Accounts . Notes receivable are due from the Company's franchisees and are collateralized by the underlying franchise. The debtors' ability to repay the notes is dependent upon both the performance of the franchisee's industry as a whole and the individual franchise. The adequacy of the allowance for doubtful accounts is assessed on a quarterly basis and adjusted as deemed necessary. Management believes the recorded allowance is adequate based upon its consideration of the estimated value of the franchises, which collateralize the receivables. Any adverse change in the individual franchisees' areas could affect the Company's estimate of the allowance. Goodwill and Non-amortizing Intangible Assets. Goodwill and non-amortizing intangible assets (Tradenames), including the segments' tradenames, are not amortized, but rather tested for impairment at least annually. In addition, goodwill and non-amortizing intangible assets will be tested on an interim basis if an event or circumstance indicates that it is more likely than not that an impairment loss has been incurred. The Company performs a qualitative and/or quantitative assessment to determine whether it is more likely than not that each reporting unit's fair value is less than its carrying value, including goodwill. If the Company determines that it is more likely than not that the fair value of the reporting unit is less than its carrying value, the Company then estimates the fair value. The Company uses either a market multiple method or a discounted cash flow method to estimate the fair value of its reporting units and recognizes goodwill impairment for any excess of the carrying amount of a reporting unit’s goodwill over its estimated fair value. The Company evaluates the segments' tradenames for impairment by comparing the fair value, based on an income approach using the relief-from-royalty method, to the carrying value. If the carrying value of the asset exceeds its estimated fair value, an impairment loss is recognized in an amount equal to that excess. The Company's reporting units are determined in accordance with the provisions of ASC 350, “Intangibles - Goodwill and Other.” The Company performs its annual impairment testing of goodwill and non-amortizing intangible assets on the last day of the first month of the Company's third quarter. Refer to “Note 6 - Goodwill and Intangible Assets” for additional information on these balances. Intangible Assets and Asset Impairment. Components of intangible assets consist of customer contracts, franchise and dealer agreements, and proprietary content. Amortization of intangible assets is calculated using the straight-line method over the estimated useful lives of the assets. Amortization of intangible assets is generally two to ten years. Purchased intangible assets subject to amortization are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. Recognition and measurement of a potential impairment is performed for these assets at the lowest level where cash flows are individually identifiable. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the fair value of the asset. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values, and third-party independent appraisals, as considered necessary. Property, Plant, and Equipment. Property, plant, and equipment are stated at cost less accumulated depreciation and amortization. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the assets, generally seven years for land and land improvements, twenty to thirty years for buildings, and seven, fifteen, or thirty-nine years for building improvements. Leasehold improvements are amortized over the lesser of the lease term or the estimated useful lives of the assets. Furniture, fixtures, and equipment are amortized five to ten years, which includes machinery (amortized for seven years) and computer equipment (amortized three to five years). Certain allowable costs of software acquired, developed, or obtained for internal use are capitalized and typically amortized over the estimated useful life of the software. Software also includes educational materials, which is amortized two to five years. Insurance Programs . The Company maintains its own insurance arrangements with third-party insurance companies for exposures incurred for a number of risks including worker's compensation and general liability claims. The liability represents an estimate of the discounted cost of claims incurred and is recorded in other current and long-term liabilities. The Company may use restricted cash as collateral for these programs which is recorded in "Other non-current assets". Employee Compensation and Benefits. The Company records the cost of its employee compensation and benefits as compensation expense in SG&A within its consolidated statements of operations. For the year ended December 25, 2021, total employee compensation and expense was $494.9 million. Accrued compensation and benefits is recorded within accounts payable and accrued expenses within the consolidated balance sheet and totaled $63.4 million as of December 25, 2021. Stock-Based Compensation. The Company records the cost of its employee stock-based compensation as compensation expense in its consolidated statements of operations. Compensation costs related to stock options are based on the grant-date fair value of awards using the Black-Scholes-Merton option pricing model and considering forfeitures. Compensation costs related to restricted stock units are based on the grant-date fair value and are amortized on a straight-line basis over the vesting period. The Company recognizes compensation costs for an award that has a graded vesting schedule on a straight-line basis over the requisite service period for the entire award. Compensation costs related to market-based restricted stock units are based on the grant-date fair value of the awards using a Monte Carlo simulation valuation model to calculate grant date fair value. Compensation expense is recognized over the requisite service period using the proportionate amount of the award’s fair value that has been earned through service to date. Revenue Recognition. The following is a description of the principal activities from which the Company generates its revenues. For more detailed information regarding reportable segments, see "Note 7 - Revenue." • Product revenues: These include sales of merchandise at the stores and online. Revenue is measured based on the amount of fixed consideration that the Company expects to receive, reduced by estimates for variable consideration such as returns. Revenue also excludes any amounts collected from customers and remitted or payable to governmental authorities. In arrangements where the Company has multiple performance obligations, the transaction price is allocated to each performance obligation using the relative stand-alone selling price. The Company satisfies its performance obligations at the point of sale for retail store transactions and upon delivery for online transactions. The Company recognizes revenue for retail store and online transactions when it transfers control of the goods to the customer. Merchandise sales also include payments received for the exercise of the early purchase option offered through rental-purchase agreements or merchandise sold through point of sale transactions. Revenue for merchandise sales associated with rental purchase agreements is recognized when payment is received, and ownership of the merchandise passes to the customer. • Service and other revenues: These may include the following: ◦ Franchise fees; ◦ Royalties and advertising fees; ◦ Financing revenue; ◦ Warranty and damage revenue; ◦ Interest income; ◦ Services and extended-service plans; and ◦ Other miscellaneous income. Commissions earned on services and financing revenue are presented net of related costs because the Company is acting as an agent in arranging the services for the customer and does not control the services being rendered. The Company recognizes revenue on the commissions on extended-service plans when it transfers control of the related goods to the customer. The Company recognizes franchise fee revenue for the sales of individual territories on a straight-line basis over the initial contract term and renewal periods when the obligations of the Company to prepare the franchisee for operation are substantially complete, not to exceed the estimated amount of cash to be received. Royalties and advertising fees are recognized as franchisees generate sales. • Rental revenue: The Company provides merchandise, consisting of consumer electronics, computers, residential furniture, appliances, and household accessories to its customers pursuant to rental-purchase agreements which provide for weekly, semi-monthly or monthly non-refundable rental payments. The average rental term is twelve Leases. The Company's lease portfolio primarily consists of leases for its retail store locations, office space and distribution centers, as well as in the operation of certain of our dealer-owned stores. The Company also leases tractors and trucks used in its Badcock segment, local delivery trucks used in its American Freight segment, and leases certain office equipment under finance leases. The finance lease right of use assets are included in property, plant, and equipment ("PP&E") and the finance lease liabilities are included in current installments of long-term obligations. The Company determines if an arrangement is a lease at inception by evaluating whether the arrangement conveys the right to use an identified asset and whether the Company obtains substantially all of the economic benefits from and has the ability to direct the use of the asset. Operating leases with an initial term of 12 months or less are not recorded on the consolidated balance sheets, and the Company recognizes rent expense for these leases on a straight-line basis over the lease term. For leases with an initial term in excess of 12 months, lease right-of-use assets and lease liabilities are recognized based on the present value of the future lease payments over the committed lease term at the lease commencement date. The Company’s leases do not provide an implicit rate; therefore, the Company uses its incremental borrowing rate and the information available at the lease commencement date in determining the present value of future lease payments. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow, on a collateralized basis over a similar term, an amount equal to the lease payments in a similar economic environment. Most leases include one or more options to renew and the exercise of renewal options is at the Company’s sole discretion. The Company does not include renewal options in its determination of the lease term unless the renewals are deemed to be reasonably certain at lease commencement. For leases where the Company is a lessor, rent income and related operating lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company uses the long-lived assets impairment guidance in ASC 360-10, “Property, Plant, and Equipment - Overall,” to determine whether a right-of-use asset is impaired, and if so, the amount of the impairment loss to recognize. The Company subleases some of its real estate leases. Our lessor and sublease portfolio primarily consists of stores within our Badcock segment that have been leased to dealers. For these leases, which are all classified as operating leases, we account for the lease and non-lease components as one lease component, as discussed above. For operating leases, lease costs are recorded within selling, general, and administrative expenses ("SG&A") within the consolidated statements of operations as follows: (1) rental expense related to leases for Company-owned stores (2) rental expense for leased properties that are subsequently subleased to dealers, and (3) rental income from sublease agreements with dealers. For finance leases where the Company is the lessee, lease cost includes the amortization of the right-of-use ("ROU") asset, which is amortized on a straight-line basis and recorded to "SG&A" and interest expense on the finance lease liabilities is recorded to "Interest expense, net." Finance lease ROU assets are amortized over the shorter of their estimated useful lives or the terms of the respective leases. The Company has lease agreements with lease and non-lease components, which the Company elects to combine as one lease component for all classes of underlying assets. Non-lease components include variable costs based on actual costs incurred by the lessor related to the payment of real estate taxes, common area maintenance, and insurance. These variable payments are expensed as incurred as variable lease costs. Fair Value of Financial Instruments. As required, financial assets and liabilities are classified in the fair value hierarchy in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. The carrying value of Cash and cash equivalents, restricted cash, accounts receivable and accounts payable as reported in the accompanying unaudited consolidated balance sheets approximate fair value due to their short-term maturities. The carrying amount of Long-term debt approximates fair value because the interest rate paid has a variable component. The fair value for the Company's Investment in equity securities for which it does not have the ability to exercise significant influence is based on quoted prices in active markets. Deferred Income Taxes. Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities, which are recorded within "Other non-current assets" and "Other non-current liabilities" within the consolidated balance sheets, are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company has elected to classify interest charged on a tax settlement in interest expense, and accrued penalties, if any, in selling, general, and administrative expenses. The determination of the Company's provision for income taxes requires significant judgment, the use of estimates, and the interpretation and application of complex tax laws. Significant judgment is required in assessing the timing and amounts of deductible and taxable items. The Company records unrecognized tax benefit liabilities for known or anticipated tax issues based on an analysis of whether, and the extent to which, additional taxes will be due. Reclassifications. Certain prior year amounts have been reclassified to conform to the current year presentation. The Company reclassified "Intangible assets, net" to segregate "Tradenames" in the consolidated balance sheet statement due to significance. There was no impact on total assets. Accounting Pronouncements In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-13, " Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ", which changes how companies will measure credit losses for most financial assets and certain other instruments that aren't measured at fair value through net income. The standard replaces the "incurred loss" approach with an "expected loss" model for instruments measured at amortized cost (which generally will result in the earlier recognition of allowances for losses) and requires companies to record allowances for available-for-sale debt securities, rather than reduce the carrying amount. In addition, companies will have to disclose significantly more information, including information used to track credit quality by year of origination, for most financing receivables. The ASU should be applied as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the standard is effective. The ASU is effective for the Company for the 2023 fiscal year. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “ Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. ” This standard eliminates Step 2 from the goodwill impairment test. Instead, an entity should compare the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The ASU is effective for the Company for the 2023 fiscal year. The Company is currently evaluating the impact of the adoption of this standard to its consolidated financial statements. The London Interbank Offered Rate (“LIBOR”) is scheduled to be discontinued on June 30, 2023. In an effort to address the various challenges created by such discontinuance, the FASB issued an amendment to existing guidance, ASU No. 2020-04, " Reference Rate Reform ." The amended guidance is designed to provide relief from the accounting analysis and impacts that may otherwise be required for modifications to agreements (e.g., loans, debt securities, derivatives, borrowings) necessitated by the reference rate reform. It also provides optional expedients to enable companies to continue to apply hedge accounting to certain hedging relationships impacted by the reference rate reform. Application of the guidance in the amendment is optional, is only available in certain situations, and is only available for companies t

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 25, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The table below summarizes the preliminary estimates of the fair values of the identifiable assets acquired and liabilities assumed in the Pet Supplies Plus Acquisition on March 10, 2021. The preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed are subject to revisions, which may result in an adjustment to the preliminary values presented below. Subsequent to the acquisition, the preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed were adjusted, which resulted in an increase in goodwill of $0.2 million. The increase was primarily due to $0.3 million of accrued taxes and $1.3 million of net working capital true-up netted with an increase of tenant improvement allowances of $1.7 million. The Company expects to complete the purchase price allocation as soon as reasonably possible but not to exceed one year from the date of completion of the Pet Supplies Plus Acquisition. (In thousands) Preliminary Cash and cash equivalents $ 2,131 Other current assets 39,844 Inventories 118,600 Property, plant, and equipment 75,616 Goodwill 335,876 Operating lease right-of-use assets 151,243 Tradenames 104,400 Other intangible assets 101,400 Other non-current assets 6,393 Total assets 935,503 Current operating lease liabilities 25,405 Accounts payable and accrued expenses 82,237 Other current liabilities 1,725 Current installments of long-term obligations 3,507 Long-term obligations, excluding current installments 247,458 Non-current operating lease liabilities 114,292 Other long-term liabilities 9,761 Total liabilities 484,385 Consideration transferred $ 451,118
Business Acquisition, Pro Forma Information, Nonrecurring Adjustments	The following unaudited consolidated pro forma summary has been prepared by adjusting the Company's historical data to give effect to the Badcock Acquisition, the Sylvan Acquisition, the Pet Supplies Plus Acquisition, the FFO Home Acquisition, the American Freight Acquisition, the Vitamin Shoppe Acquisition, the Sears Outlet Acquisition, the Buddy's Acquisition, the A-Team Leasing Acquisition and the Buddy's Partners Acquisition as if they had occurred on May 1, 2018. (Unaudited) (In thousands) Fiscal Year Ended 12/25/2021 Fiscal Year Ended 12/26/2020 Revenue $ 4,282,329 $ 3,849,583 Net income (loss) from continuing operations 184,574 92,954 Basic net income per share - continuing operations 4.59 2.69 Diluted net income per share - continuing operations 4.51 2.66

Accounts and Notes Receivable_2

Accounts and Notes Receivable - Table Text Blocks (Tables)	12 Months Ended
	Dec. 25, 2021
Receivables [Abstract]
Schedule of activity related to notes receivable	Current and non-current receivables, as of December 25, 2021 and December 26, 2020 are presented in the consolidated balance sheets as follows: (In thousands) 12/25/2021 12/26/2020 Accounts receivable $ 86,087 $ 38,444 Notes receivable 1,681 15,440 Interest receivable 54 84 Income tax receivable 32,448 13,650 Allowance for doubtful accounts (1,572) (283) Current receivables, net 118,698 67,335 Notes receivable - non-current 12,183 12,800 Allowance for doubtful accounts - non-current (428) — Non-current receivables, net 11,755 12,800 Total receivables $ 130,453 $ 80,135
Schedule of activity in the allowance for doubtful accounts	Activity in the allowance for doubtful accounts for the years ended December 25, 2021 and December 26, 2020 was as follows: (In thousands) 12/25/2021 12/26/2020 Balance at beginning of year $ 283 $ — Provision for doubtful accounts 1,720 283 Payments received against previous write-offs (2) — Write-offs and reduction from repurchases of franchises (1) — Balance at end of year $ 2,000 $ 283
Schedule of aging of accounts and notes receivable	Analysis of Past Due Receivables The breakdown of accounts and notes receivable past due at December 25, 2021 and December 26, 2020 was as follows: 12/25/2021 (In thousands) Past due Current Interest receivable Total receivables Accounts receivable $ 7,966 $ 78,121 $ — $ 86,087 Notes and interest receivable 452 13,412 54 13,918 Total accounts, notes, and interest receivable $ 8,418 $ 91,533 $ 54 $ 100,005 12/26/2020 (In thousands) Past due Current Interest receivable Total receivables Accounts receivable $ 505 $ 37,939 $ — $ 38,444 Notes and interest receivable — 28,240 84 28,324 Total accounts, notes, and interest receivable $ 505 $ 66,179 $ 84 $ 66,768

Property, Equipment, and Soft_2

Property, Equipment, and Software, Net - Table Text Blocks (Tables)	12 Months Ended
	Dec. 25, 2021
Property, Plant and Equipment [Abstract]
Schedule of property, equipment, and software	Property, plant, and equipment at December 25, 2021, and December 26, 2020 was as follows: (In thousands) 12/25/2021 12/26/2020 Land and land improvements $ 36,306 $ — Buildings and building improvements 176,188 — Leasehold improvements 115,539 67,114 Furniture, fixtures, and equipment 117,973 66,885 Software 97,427 44,250 Construction in progress 4,388 3,578 Finance lease asset 6,148 1,913 Property, plant, and equipment, gross 553,969 183,740 Less accumulated depreciation and amortization 104,083 47,868 Property, plant, and equipment, net $ 449,886 $ 135,872

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Table Text Blocks (Tables)	12 Months Ended
	Dec. 25, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
FV of Identifiable Assets [Table Text Block]	Components of intangible assets as of December 25, 2021 and December 26, 2020, were as follows: (In thousands) 12/25/2021 Tradenames Vitamin Shoppe Pet Supplies Plus Badcock American Freight Buddy's Sylvan Total Gross carrying amount $ 12,000 $ 104,400 $ — $ 70,200 $ 11,100 $ 24,987 $ 222,687 Accumulated Amortization — — — — — — — Net carrying amount 12,000 104,400 — 70,200 11,100 24,987 222,687 Customer contracts Gross carrying amount — 34,300 — — 8,114 — 42,414 Accumulated Amortization — (1,856) — — (3,359) — (5,215) Net carrying amount — 32,444 — — 4,755 — 37,199 Franchise and dealer agreements Gross carrying amount — 67,100 — — 10,500 18,265 95,865 Accumulated Amortization — (3,576) — — (2,596) (399) (6,571) Net carrying amount — 63,524 — — 7,904 17,866 89,294 Other intangible assets Gross carrying amount — — — 44 566 1,226 1,836 Accumulated Amortization — — — (3) (319) (56) (378) Net carrying amount — — — 41 247 1,170 1,458 Total intangible assets $ 12,000 $ 200,368 $ — $ 70,241 $ 24,006 $ 44,023 $ 350,638 (In thousands) 12/26/2020 Tradenames Vitamin Shoppe American Freight Buddy's Total Gross carrying amount $ 12,000 $ 70,200 $ 11,100 $ 93,300 Accumulated Amortization — — — — Net carrying amount 12,000 70,200 11,100 93,300 Customer contracts Gross carrying amount — — 8,780 $ 8,780 Accumulated Amortization — — (2,159) (2,159.00) Net carrying amount — — 6,621 6,621 Franchise and dealer agreements Gross carrying amount — — 10,500 $ 10,500 Accumulated Amortization — — (1,545) (1,545.00) Net carrying amount — — 8,955 8,955 Other intangible assets Gross carrying amount — — 1,478 $ 1,478 Accumulated Amortization — — (462) (462.00) Net carrying amount — — 1,016 1,016 Total intangible assets $ 12,000 $ 70,200 $ 27,692 $ 109,892
Schedule of Goodwill	Changes in the carrying amount of goodwill for the years ended December 25, 2021 and December 26, 2020 were as follows: (In thousands) Vitamin Shoppe Pet Supplies Plus American Freight Buddy's Sylvan Total Balance as of December 28, 2019 $ 4,951 $ — $ 31,028 $ 88,542 $ — $ 124,521 Acquisitions — — 336,854 — — 336,854 Disposals and purchase accounting adjustments (3,674) — — (9,443) — (13,117) Balance as of December 26, 2020 $ 1,277 $ — $ 367,882 $ 79,099 $ — $ 448,258 Acquisitions — 335,875 3,293 — 19,456 358,624 Disposals and purchase accounting adjustments — — (346) — — (346) Balance as of December 25, 2021 $ 1,277 $ 335,875 $ 370,829 $ 79,099 $ 19,456 $ 806,536
Schedule of estimated amortization expense	Annual amortization expense for the next five years is estimated to be as follows: (In thousands) Estimate for Fiscal Year 2022 $ 10,786 2023 10,750 2024 10,623 2025 9,952 2026 9,206 Thereafter 76,634 Total estimated amortization expense $ 127,951

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 25, 2021
Revenue Recognition and Deferred Revenue [Abstract]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	The following table reflects when deferred revenue is expected to be recognized in the future related to performance obligations that are unsatisfied at the end of the period: (In thousands) Estimate for Fiscal Year 2022 $ 49,038 2023 3,165 2024 2,780 2025 1,787 2026 1,624 Thereafter 12,220 Total $ 70,614
Contract with Customer, Asset and Liability [Table Text Block]	The following table provides information about receivables and contract liabilities (deferred revenue) from contracts with customers as of December 25, 2021 and December 26, 2020: (In thousands) 12/25/2021 12/26/2020 Accounts receivable $ 86,087 $ 38,444 Notes receivable 13,864 28,240 Customer deposits $ 37,626 $ 18,065 Gift cards and loyalty programs 7,604 4,221 Deferred franchise fee revenue 16,984 827 Other deferred revenue 8,400 2,503 Total deferred revenue $ 70,614 $ 25,616
Disaggregation of Revenue [Table Text Block]	The following represents the disaggregated revenue by reportable segments for the years ended December 25, 2021, December 26, 2020, the Transition Period, the period May 1, 2018 through December 29, 2018, and year ended April 30 2019. All revenue for periods prior to the Transition Period was from discontinued operations, see "Note 3. Discontinued Operations". Fiscal Year Ended 12/25/2021 (In thousands) Vitamin Shoppe Pet Supplies Plus † Badcock † American Freight Buddy's Sylvan † Consolidated Retail sales $ 1,172,462 $ 517,508 $ 67,353 $ 894,905 $ 3,913 $ 8 $ 2,656,149 Wholesale sales — 355,377 — 945 — — 356,322 Total product revenue 1,172,462 872,885 67,353 895,850 3,913 8 3,012,471 Franchise fees 1 623 — — 84 89 797 Royalties and advertising fees 262 19,538 — 1,287 14,390 8,217 43,694 Financing revenue — — — 41,623 — — 41,623 Warranty and damage revenue — — 5,389 34,786 6,667 — 46,842 Interest income — 228 25,508 986 — — 26,722 Other revenues — 24,165 3,807 14,360 5,725 1,368 49,425 Total service and other revenue 263 44,554 34,704 93,042 26,866 9,674 209,103 Rental revenue, net — — — — 33,630 — 33,630 Total rental revenue — — — — 33,630 — 33,630 Total revenue $ 1,172,725 $ 917,439 $ 102,057 $ 988,892 $ 64,409 $ 9,682 $ 3,255,204 † Reflects the results from the March 10, 2021, November 22, 2021, and September 27, 2021 acquisition dates for the Pet Supplies Plus Acquisition, the Badcock Acquisition, and the Sylvan Acquisition, respectively. Fiscal Year Ended 12/26/2020 (In thousands) Vitamin Shoppe Pet Supplies Plus Badcock American Freight Buddy's Sylvan Consolidated Retail sales $ 1,035,964 $ — $ — $ 857,955 $ 5,743 $ — $ 1,899,662 Total product revenue 1,035,964 — — 857,955 5,743 — 1,899,662 Franchise fees — — — — 99 — 99 Royalties and advertising fees — — — — 9,993 — 9,993 Financing revenue — — — 15,977 — — 15,977 Warranty and damage revenue — — — 16,799 12,668 — 29,467 Interest income — — — 1,288 — — 1,288 Other revenues — — — 4,412 4,562 — 8,974 Total service and other revenue — — — 38,476 27,322 — 65,798 Rental revenue, net — — — — 64,267 — 64,267 Total rental revenue — — — — 64,267 — 64,267 Total revenue $ 1,035,964 $ — $ — $ 896,431 $ 97,332 $ — $ 2,029,727 Transition Period From 5/1/2019 - 12/28/2019 (In thousands) Vitamin Shoppe Pet Supplies Plus Badcock American Freight Buddy's Sylvan Consolidated Retail sales $ 30,574 $ — $ — $ 64,067 $ 1,498 $ — $ 96,139 Total product revenue 30,574 — — 64,067 1,498 — 96,139 Franchise fees — — — — 160 — 160 Royalties and advertising fees — — — — 4,042 — 4,042 Financing revenue — — — — — — — Warranty and damage revenue — — — 2,734 4,937 — 7,671 Interest income — — — 267 — — 267 Other revenues — — — 1,162 1,449 — 2,611 Total service and other revenue — — — 4,163 10,588 — 14,751 Rental revenue, net — — — — 23,636 — 23,636 Total rental revenue — — — — 23,636 — 23,636 Total revenue $ 30,574 $ — $ — $ 68,230 $ 35,722 $ — $ 134,526

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 25, 2021
Leases [Abstract]
Lease, Cost	See "Leases" under "Note 1 - Organization and Significant Accounting Policies" for a discussion of our accounting policies. The finance lease right of use assets and lease liabilities are included in PP&E, current installments of long-term debt and long-term debt respectively. These lease are immaterial to the financial statements. Company as Lessee The components of lease costs for leases that were recognized in the accompanying consolidated statement of operations for the years ended December 25, 2021 and December 26, 2020 were as follows: (In thousands) 12/25/2021 12/26/2020 Operating lease cost $ 212,837 $ 94,387 Short-term operating lease costs 2,261 2,495 Variable operating lease costs 35,367 14,137 Sublease income (1,753) (868) Total operating lease cost 248,712 110,151
Lessee, Operating Lease, Liability, Maturity	As of December 25, 2021, maturities of lease liabilities were as follows: (In thousands) Operating leases 2022 $ 225,395 2023 199,063 2024 155,360 2025 112,046 2026 80,557 Thereafter 116,313 Total undiscounted lease payments 888,734 Less interest 158,562 Present value of lease liabilities $ 730,172
Leases, Cash Flow Information	The following represents other information pertaining to the Company's lease arrangements for the year ended December 25, 2021: (In thousands) Operating December 25, 2021 December 26, 2020 Right-of-use assets obtained in exchange for lease obligations (1) $ 153,538 $ 157,007 Cash paid for amounts included in the measurement of lease liabilities 191,827 87,399 Weighted average remaining lease terms (years) 4.9 4.7 Weighted average discount rates 9.03 % 11.17 % (1) As of December 25, 2021, the majority of the lease liabilities arising from right-of-use assets were a result of the Pet Supplies Plus Acquisition. As of December 26, 2020, the majority of the lease liabilities arising from right-of-use assets were a result of the American Freight Acquisition. Company as Lessor Total rental income for the years ended December 25, 2021 and December 26, 2020 were $0.9 million and $0. Total rental income includes sublease income of $0.7 million and $0 recognized during 2021 and 2020, respectively. The Company subleases some of its Badcock segment's leased locations to certain dealers for operation as Badcock stores. The terms of these leases generally match those of the lease the Company has with the lessor. The following table illustrates the Company's maturity analysis of lease payments to be received for non-cancelable operating leases and subleases as of December 25, 2021: (In thousands) Operating Leases Fiscal Year: Subleases Owned Properties 2022 $ 6,841 $ 1,937 2023 5,938 1,817 2024 4,461 1,721 2025 3,536 1,519 2026 2,560 1,391 Thereafter 1,791 2,533 Total future minimum receipts $ 25,127 $ 10,918 Our Vitamin Shoppe, Pet Supplies Plus, and American Freight segments have subleases but the lease payments on those locations are immaterial to the financial statements. Properties owned by the Company and leased to dealers and other third parties under operating leases include: (In thousands) December 25, 2021 December 26, 2020 Buildings and improvements $ 34,172 $ — Total properties owned and leased by the Company 34,172 $ — Accumulated depreciation (88) $ — Total properties owned and leased by the Company, net $ 34,084 $ —

Long-Term Obligations (Tables)

Long-Term Obligations (Tables)	12 Months Ended
	Dec. 25, 2021
Debt Disclosure [Abstract]
Schedule of Debt	Long-term obligations as of December 25, 2021 and December 26, 2020 were as follows: (In thousands) 12/25/2021 12/26/2020 Revolving credit facilities $ 20,000 $ 78,310 Term loan, net of debt issuance costs 1,435,928 491,836 Debt securitized by accounts receivable, net of discount 407,502 — Finance lease liabilities 6,465 851 Total long-term obligations 1,869,895 570,997 Less current installments 486,170 104,053 Total long-term obligations, excluding current installments $ 1,383,725 $ 466,944
Schedule of Maturities of Long-term Debt

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 25, 2021
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The components of accumulated other comprehensive loss at December 25, 2021 and December 26, 2020, are as follows: (In thousands) 12/25/2021 12/26/2020 Foreign currency adjustment $ — $ (1,254) Interest rate swap agreements, net of tax — (145) Total accumulated other comprehensive loss $ — $ (1,399)
Schedule of computation of basic and diluted net income (loss) per share	The computation of basic and diluted net income per share for the years ended December 25, 2021, December 26, 2020, the Transition Period, and year ended April 30, 2019 is as follows: 12/25/2021 12/26/2020 12/28/2019 4/30/2019 (In thousands, except for share and per share amounts) Common stock Common stock Common stock Common stock Net income (loss) from continuing operations attributable to Franchise Group $ 191,966 $ 20,645 $ (22,614) $ — Less: Preferred dividend declared 8,515 755 — — Adjusted net income (loss) from continuing operations attributable to Franchise Group available to Common Stockholders 183,451 19,890 (22,614) — Net income (loss) from discontinued operations attributable to Franchise Group 171,822 4,419 (45,813) (2,156) Adjusted net income (loss) available to Common Stockholders $ 355,273 $ 24,309 $ (68,427) $ (2,156) Weighted-average common shares outstanding 40,199,681 34,531,362 16,669,065 13,800,884 Net dilutive effect of stock options and restricted stock 764,501 440,573 — — Weighted-average dilutive shares outstanding 40,964,182 34,971,935 16,669,065 13,800,884 Basic net income (loss) per share: Continuing operations $ 4.56 $ 0.57 $ (1.35) $ — Discontinued operations 4.27 0.13 (2.76) (0.16) Basic net income (loss) per share $ 8.83 $ 0.70 $ (4.11) $ (0.16) Diluted net income (loss) per share: Continuing operations $ 4.48 $ 0.57 $ (1.36) $ — Discontinued operations 4.19 0.13 (2.75) (0.16) Diluted net income (loss) per share $ 8.67 $ 0.70 $ (4.11) $ (0.16)

Stock Compensation Plan - Table

Stock Compensation Plan - Table Text Blocks (Tables)	12 Months Ended
	Dec. 25, 2021
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	The following table summarizes the status of service-based RSU activity during the years ended December 25, 2021 and December 26, 2020, the Transition Period, and year ended April 30, 2019: Number of RSUs Weighted-Average Fair Value at Grant Date Balance at April 30, 2018 127,030 $ 12.48 Granted 147,991 10.40 Vested (28,029) 13.47 Forfeited (78,200) 12.31 Balance at April 30, 2019 168,792 $ 10.56 Granted 153,085 14.10 Vested (80,549) 10.73 Forfeited (36,122) 10.72 Balance at December 28, 2019 205,206 $ 13.11 Granted 192,809 24.83 Vested (85,911) 12.67 Forfeited (15,957) 19.69 Balance at December 26, 2020 296,147 $ 20.51 Granted 124,350 35.95 Vested (148,447) 20.11 Forfeited (2,342) 12.22 Balance at December 25, 2021 269,708 $ 27.92 Performance Restricted Stock Units The Company has awarded performance restricted stock units ("PRSUs") to its officers and certain employees. The Company recognizes expense based on the estimated fair value of the PRSUs granted over the vesting period on a straight-line basis. The fair value of PRSUs is determined using the Company's closing stock price on the date of the grant. At December 25, 2021, unrecognized compensation cost related to PRSUs was $8.3 million. These costs are expected to be recognized through fiscal 2023. The following table summarizes the status of PRSU activity during the years ended December 25, 2021 and December 26, 2020 and the Transition Period: Number of PRSUs Weighted-Average Fair Value at Grant Date Balance at April 30, 2019 — $ — Granted 465,833 14.40 Vested — — Forfeited — — Balance at December 28, 2019 465,833 $ 14.40 Granted 154,904 24.84 Vested — — Forfeited (2,000) 14.40 Balance at December 26, 2020 618,737 $ 17.00 Granted 107,023 35.66 Vested (19,500) 14.40 Forfeited — — Balance at December 25, 2021 706,260 $ 19.90

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 25, 2021
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense	Components of income tax expense for the fiscal years ended December 25, 2021, December 26, 2020, the Transition Period, and year ended April 30, 2019 were as follows: (In thousands) 12/25/2021 12/26/2020 12/28/2019 4/30/2019 Current: Federal $ — $ (62,897) $ — $ — State 1,362 615 56 — Current tax expense 1,362 (62,282) 56 — Deferred: Federal (37,816) 3,931 (3,971) — State 2,916 (2,150) (4,662) — Deferred tax expense (benefit) (34,900) 1,781 (8,633) — Total income tax expense (benefit) $ (33,538) $ (60,501) $ (8,577) $ —
Schedule of income before taxes, domestic and foreign	For the years ended December 25, 2021, December 26, 2020, Transition Period, and year ended April 30, 2019, income before taxes consisted of the following: (In thousands) 12/25/2021 12/26/2020 12/28/2019 4/30/2019 Income (loss) before income taxes $ 158,428 $ (49,557) $ (50,019) $ —
Schedule of reconciliation of amounts computed by applying the U.S. federal income tax rate to pretax income from continuing operations	Income tax benefit differed from the amounts computed by applying the U.S. federal income tax rate of 21% to pre-tax income from continuing operations as a result of the following for years ended December 25, 2021 and December 26, 2020 are as follows: (In thousands) 12/25/2021 12/26/2020 Computed "expected" income tax benefit $ 33,270 $ (10,407) Increase (decrease) in income taxes resulting from: State income taxes, net of federal benefit 5,304 (2,083) Bargain purchase gain (27,729) — 162(m) limitation 2,019 — Nondeductible expenses 197 55 Stock compensation expense (900) 196 Transaction costs 858 392 Permanent goodwill on sale of Buddy's stores — 1,062 CARES Act — (52,337) Non-controlling interest in New Holdco — 1,782 Research credit — (676) Decrease in DTL due to change in tax status — (8,882) Decrease to valuation allowance due to change in tax status — 8,882 Decrease in valuation allowance due to CARES Act — (11,417) Increase in valuation allowance due to operations — 2,456 Increase in DTL for current year activity — 10,254 Decrease in valuation allowance due to current year income (45,180) — Other (1,377) 222 Total income tax benefit $ (33,538) $ (60,501)
Schedule of significant portions of deferred tax assets and liabilities	The tax effect of temporary differences between the financial statement carrying amounts and tax basis of assets and liabilities that give rise to significant portions of deferred tax assets and liabilities as of December 25, 2021 and December 26, 2020 are as follows: (In thousands) 12/25/2021 12/26/2020 Deferred tax assets: Federal and state net operating loss carryforward $ 16,865 $ 19,364 Section 743 adjustment 38,604 39,974 Interest expense carryforward 1,485 559 State bonus depreciation 5,069 4,791 Equity compensation 3,806 2,316 Inventory 4,528 5,793 Goodwill, intangible assets, and assets held for sale (Canada) — 33 R&D Credits — 601 Deferred revenue 4,176 1,056 Accrued expenses and reserves 9,976 4,212 Property, plant, and equipment (Canada) — 115 Allowances 795 4,272 Unrealized gain/loss — 29 Lease liability (ASC 842) 185,064 138,850 Other 3,463 2 Total deferred tax assets (before valuation allowance) 273,831 221,967 Valuation allowance (8,213) (53,004) Total deferred tax assets (after valuation allowance) 265,618 168,963 Deferred tax liabilities Property, plant, and equipment (U.S.) (78,895) (30,147) Goodwill, intangible assets, and assets held for sale (U.S.) (33,786) (16,678) Right-of-use assets (ASC 842) (181,227) (131,637) Prepaid expenses (4,968) (2,620) Total deferred tax liabilities (298,876) (181,082) Net deferred tax liability $ (33,258) $ (12,119)
Schedule of Uncertain Tax Positions Liability	A reconciliation of the beginning and ending balance of the gross liability for uncertain tax positions for the fiscal years ended December 25, 2021 and December 26, 2020, is as follows: (In thousands) 12/25/2021 12/26/2020 Liability for uncertain tax positions, beginning of year $ 357 $ 461 Decreases related to current year positions (219) (104) Increases related to prior year positions 4,819 — Liability for uncertain tax positions, end of year $ 4,957 $ 357

Segments (Tables)

Segments (Tables)	12 Months Ended
	Dec. 25, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Total revenues by segment are as follows: Twelve Months Ended Twelve Months Ended Transition Period From 5/1/2019 - (In thousands) 12/25/2021 12/26/2020 12/28/2019 Total revenue: Vitamin Shoppe $ 1,172,725 $ 1,035,964 $ 30,574 Pet Supplies Plus 917,439 — — Badcock 102,057 — — American Freight 988,892 896,431 68,230 Buddy's 64,409 97,332 35,722 Sylvan 9,682 — — Consolidated total revenue $ 3,255,204 $ 2,029,727 $ 134,526 Operating income (loss) by segment are as follows: Twelve Months Ended Twelve Months Ended Transition Period From 5/1/2019 - (In thousands) 12/25/2021 12/26/2020 12/28/2019 Income (loss) from operations: Vitamin Shoppe $ 104,004 $ 5,371 $ (13,509) Pet Supplies Plus 41,654 — — Badcock 22,674 — — American Freight 66,541 40,348 (18,539) Buddy's 16,685 20,364 3,172 Sylvan (712) — — Total Segments 250,846 66,083 (28,876) Corporate (24,495) (13,572) (14,145) Consolidated income (loss) from operations $ 226,351 $ 52,511 $ (43,021) (In thousands) 12/25/2021 12/26/2020 Total assets: Vitamin Shoppe $ 596,964 $ 607,148 Pet Supplies Plus 957,849 — Badcock 1,062,310 — American Freight 959,282 801,731 Buddy's 146,033 137,698 Sylvan 103,850 — Total Segments 3,826,288 1,546,577 Corporate 86,883 203,196 Consolidated total assets $ 3,913,171 $ 1,749,773

Organization and Significant _2

Organization and Significant Accounting Policies - Narratives (Details) $ in Thousands	Mar. 10, 2021USD ($)	Dec. 25, 2021USD ($)	Sep. 25, 2021USD ($)	Jun. 26, 2021USD ($)	Mar. 27, 2021USD ($)	Dec. 26, 2020USD ($)	Sep. 26, 2020USD ($)	Jun. 27, 2020USD ($)	Mar. 28, 2020USD ($)	Dec. 28, 2019USD ($)	Dec. 29, 2018USD ($)	Dec. 25, 2021USD ($)segment	Dec. 26, 2020USD ($)	Apr. 30, 2019USD ($)	Sep. 27, 2021USD ($)
Property, Plant and Equipment [Line Items]
Revenues		$ 942,276	$ 828,826	$ 862,758	$ 621,345	$ 491,534	$ 537,692	$ 497,554	$ 502,947	$ 134,526	$ 0	$ 3,255,204	$ 2,029,727	$ 0
Operating Lease, Liability		730,172										730,172
Operating lease right-of-use assets		714,741				$ 502,104						$ 714,741	$ 502,104
Number of Reportable Segments | segment												6
Accrued Employee Benefits		$ 63,400										$ 63,400
Labor and Related Expense												$ 494,900
Sylvan
Property, Plant and Equipment [Line Items]
Operating lease right-of-use assets															$ 2,874
Pet Supplies Plus
Property, Plant and Equipment [Line Items]
Business Combination, Consideration Transferred	$ 451,100
Minimum
Property, Plant and Equipment [Line Items]
Average Rental Term												12 months
Maximum
Property, Plant and Equipment [Line Items]
Average Rental Term												18 months

Acquisitions - American Freight

Acquisitions - American Freight (Details)	Mar. 10, 2021USD ($)	Dec. 27, 2020USD ($)business	Dec. 25, 2021USD ($)	Dec. 26, 2020USD ($)	Nov. 24, 2021USD ($)	Sep. 27, 2021USD ($)	Dec. 28, 2019USD ($)
Business Acquisition [Line Items]
Business Combination, Separately Recognized Transactions, Revenues and Gains Recognized			$ 4,282,329,000	$ 3,849,583,000
Goodwill			806,536,000	448,258,000			$ 124,521,000
Deferred Revenue			70,614,000	25,616,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net			451,118,000		$ 545,840,000	$ 82,927,000
Goodwill, Period Increase (Decrease)			(346,000)	(13,117,000)
American Freight
Business Acquisition [Line Items]
Goodwill, Period Increase (Decrease)			(346,000)	0
Goodwill, Purchase Accounting Adjustments		$ 300,000
Vitamin Shoppe [Member]
Business Acquisition [Line Items]
Goodwill, Period Increase (Decrease)			0	$ (3,674,000)
Pet Supplies Plus
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	$ 451,100,000
Adjustment, Lease Right of Use	12,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents			2,131,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory			118,600,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other			39,844,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment			75,616,000
Goodwill			335,876,000
Business Combination, Accrued Expense			1,725,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	104,400,000
Noncash or Part Cash Acquisition, Lease Right-of Use Assets Acquired			151,243,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets			6,393,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets			935,503,000
Long-term Debt, Current Maturities			(3,507,000)
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Operating Lease, Liability, Current			25,405,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable			82,237,000
Long-term Debt, Excluding Current Maturities			(247,458,000)
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Operating Lease, Liability, Noncurrent			114,292,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other			9,761,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities			484,385,000
Noncash or Part Noncash Acquisition, Investments Acquired			$ 101,400,000
Business Combination, Acquisition Related Costs	5,500,000
Goodwill, Purchase Accounting Adjustments	200,000
FFO
Business Acquisition [Line Items]
Adjustment, Lease Right of Use		1,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		6,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory		6,450,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other		96,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		3,280,000
Goodwill		2,947,000
Noncash or Part Cash Acquisition, Lease Right-of Use Assets Acquired		26,571,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		39,350,000
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Operating Lease, Liability, Current		2,587,000
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Operating Lease, Liability, Noncurrent		22,624,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		25,510,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		$ 13,840,000
Number of Businesses Acquired | business		31
Business Combination, Acquisition Related Costs		$ 400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other		299,000
Leasehold Improvements [Member] | Pet Supplies Plus
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	33,500,000
Leasehold Improvements [Member] | FFO
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		2,500,000
Furniture, Fixtures, And Equipment [Member] | Pet Supplies Plus
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	37,000,000
Furniture, Fixtures, And Equipment [Member] | FFO
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		$ 800,000
Construction in Progress [Member] | Pet Supplies Plus
Business Acquisition [Line Items]
Machinery and Equipment, Gross	$ 3,500,000

Acquisitions Sears Outlets (Det

Acquisitions Sears Outlets (Details) - USD ($)	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Nov. 24, 2021	Sep. 27, 2021	Dec. 28, 2019
Goodwill	$ 806,536,000	$ 448,258,000			$ 124,521,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	451,118,000		$ 545,840,000	$ 82,927,000
Goodwill, Period Increase (Decrease)	$ (346,000)	$ (13,117,000)

Acquisitions Buddy's (Details)

Acquisitions Buddy's (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Noncash or Part Cash Acquisition, Finance Lease Liability, Current Portion	$ 157,007
Goodwill, Period Increase (Decrease)	(346)	$ (13,117)
Buddy's [Member]
Goodwill, Period Increase (Decrease)	$ 0	$ (9,443)

Acquisitions Other Acquisitions

Acquisitions Other Acquisitions (Details) - USD ($)	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Nov. 24, 2021	Sep. 27, 2021	Dec. 28, 2019
Business Combination, Separately Recognized Transactions, Revenues and Gains Recognized	$ 4,282,329,000	$ 3,849,583,000
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized	$ 184,574,000	$ 92,954,000
Basic Earnings Per Share, Pro Forma	$ 4.59	$ 2.69
Diluted Earnings Per Share Pro Forma	$ 4.51	$ 2.66
Goodwill	$ 806,536,000	$ 448,258,000			$ 124,521,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	451,118,000		$ 545,840,000	$ 82,927,000
Acquisition-related Costs
Business Combination, Acquisition Related Costs	11,300,000
Fair Value Adjustment to Inventory
Inventory, Noncurrent, Fair Value Disclosure	$ 7,100,000

Acquisitions Buddy's Partners (

Acquisitions Buddy's Partners (Details) - USD ($)	Dec. 25, 2021	Nov. 24, 2021	Sep. 27, 2021	Dec. 26, 2020	Dec. 28, 2019
Goodwill	$ 806,536,000			$ 448,258,000	$ 124,521,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 451,118,000	$ 545,840,000	$ 82,927,000

Acquisitions A-Team Leasing (De

Acquisitions A-Team Leasing (Details) - USD ($)	Dec. 25, 2021	Nov. 24, 2021	Sep. 27, 2021	Dec. 26, 2020	Dec. 28, 2019
Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 451,118,000	$ 545,840,000	$ 82,927,000
Goodwill	$ 806,536,000			$ 448,258,000	$ 124,521,000

Acquisitions Badcock (Details)

Acquisitions Badcock (Details) - USD ($)	Nov. 24, 2021	Mar. 10, 2021	Dec. 25, 2021	Dec. 26, 2020	Sep. 27, 2021	Dec. 28, 2019
Business Acquisition [Line Items]
Goodwill			$ 806,536,000	$ 448,258,000		$ 124,521,000
Bargain purchase gain			132,559,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 545,840,000		451,118,000		$ 82,927,000
Business Combination, Separately Recognized Transactions, Revenues and Gains Recognized			4,282,329,000	$ 3,849,583,000
Badcock
Business Acquisition [Line Items]
Bargain purchase gain			132,043,000
Badcock
Business Acquisition [Line Items]
Business Combination, Consideration Transferred		$ 545,800,000
Business Combination, Acquisition Related Costs	5,900,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	23,413,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other	5,023,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	130,045,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	411,268,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	233,938,000
Noncash or Part Cash Acquisition, Lease Right-of Use Assets Acquired	51,669,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	2,506,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	857,862,000
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Operating Lease, Liability, Current	12,070,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable	71,436,000
Business Combination, Accrued Expense	18,942,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt	5,261,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt	7,247,000
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Operating Lease, Liability, Noncurrent	39,599,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	25,424,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	179,979,000
Badcock | Leaseholds and Leasehold Improvements
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	23,700,000
Badcock | Construction in Progress [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	1,400,000
Badcock | Furniture and Fixtures
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	93,000,000
Badcock | Buildings and building improvements
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Buildings	93,100,000
Badcock | Land and Land Improvements [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Land	$ 33,400,000
Pet Supplies Plus
Business Acquisition [Line Items]
Business Combination, Consideration Transferred		451,100,000
Business Combination, Acquisition Related Costs		$ 5,500,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents			2,131,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other			39,844,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory			118,600,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment			75,616,000
Goodwill			335,876,000
Noncash or Part Cash Acquisition, Lease Right-of Use Assets Acquired			151,243,000
Noncash or Part Noncash Acquisition, Investments Acquired			101,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets			6,393,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets			935,503,000
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Operating Lease, Liability, Current			25,405,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable			82,237,000
Business Combination, Accrued Expense			1,725,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt			3,507,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt			247,458,000
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Operating Lease, Liability, Noncurrent			114,292,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other			9,761,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities			$ 484,385,000

Acquisitions Pet Supplies Plus

Acquisitions Pet Supplies Plus (Details) - USD ($)	Mar. 10, 2021	Dec. 25, 2021
Finite-Lived Intangible Assets [Line Items]
Finance Lease, Right-of-Use Asset, before Accumulated Amortization	$ 1,700,000
Pet Supplies Plus
Finite-Lived Intangible Assets [Line Items]
Adjustment, Lease Right of Use	12,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	104,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		$ 75,616,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Restricted Cash	400,000
Business Combination, Consideration Transferred	451,100,000
Business Combination, Acquisition Related Costs	5,500,000
Goodwill, Purchase Accounting Adjustments	200,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Accrued Income Taxes	300,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Net Working Capital	1,300,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Tenant Improvement Allowance	1,700,000
Pet Supplies Plus | Furniture, Fixtures, And Equipment [Member]
Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	37,000,000
Pet Supplies Plus | Leasehold Improvements [Member]
Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	33,500,000
Pet Supplies Plus | Construction in Progress [Member]
Finite-Lived Intangible Assets [Line Items]
Machinery and Equipment, Gross	3,500,000
Pet Supplies Plus | Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	34,300,000
Pet Supplies Plus | Franchise Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 67,100,000

Acquisitions Sylvan (Details)

Acquisitions Sylvan (Details) - USD ($)	Nov. 24, 2021	Sep. 27, 2021	Mar. 10, 2021	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Business Acquisition [Line Items]
Goodwill				$ 806,536,000	$ 448,258,000	$ 124,521,000
Operating lease right-of-use assets				714,741,000	502,104,000
Operating Lease, Liability, Current				173,101,000	127,032,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 545,840,000	$ 82,927,000		451,118,000
Business Combination, Separately Recognized Transactions, Revenues and Gains Recognized				$ 4,282,329,000	$ 3,849,583,000
Capitalized Computer Software, Gross		25,300,000
Badcock
Business Acquisition [Line Items]
Business Combination, Consideration Transferred			$ 545,800,000
Business Combination, Acquisition Related Costs	5,900,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	23,413,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other	5,023,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	130,045,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	233,938,000
Noncash or Part Cash Acquisition, Lease Right-of Use Assets Acquired	51,669,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	2,506,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	857,862,000
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Operating Lease, Liability, Current	12,070,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable	71,436,000
Business Combination, Accrued Expense	18,942,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt	5,261,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt	7,247,000
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Operating Lease, Liability, Noncurrent	39,599,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	25,424,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	$ 179,979,000
Sylvan
Business Acquisition [Line Items]
Business Combination, Acquisition Related Costs		1,800,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		4,364,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other		3,592,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		26,324,000
Goodwill		19,456,000
Intangible Assets, Current		24,987,000
Operating lease right-of-use assets		2,874,000
Noncash or Part Noncash Acquisition, Investments Acquired		19,412,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets		185,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		101,194,000
Operating Lease, Liability, Current		891,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable		6,072,000
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Operating Lease, Liability, Noncurrent		1,984,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other		9,320,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		18,267,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		82,900,000
Fixtures and Equipment, Gross		300,000
Leasehold Improvements, Gross		700,000
Sylvan | Franchise Agreements [Member]
Business Acquisition [Line Items]
Noncash or Part Noncash Acquisition, Investments Acquired		18,300,000
Sylvan | Proprietary Content
Business Acquisition [Line Items]
Noncash or Part Noncash Acquisition, Investments Acquired		$ 1,100,000

Assets Disposition (Details)

Assets Disposition (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended								8 Months Ended		12 Months Ended
	Dec. 25, 2021	Sep. 25, 2021	Jun. 26, 2021	Mar. 27, 2021	Dec. 26, 2020	Sep. 26, 2020	Jun. 27, 2020	Mar. 28, 2020	Dec. 28, 2019	Dec. 29, 2018	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019	Jul. 02, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (Loss) on Disposition of Business											$ 188,092
Proceeds from Divestiture of Businesses											179,471
Income (loss) from discontinued operations, net of tax									$ (63,024)	$ (43,053)	171,822	$ 16,210	$ (2,156)
Net income (loss) from discontinued operations	$ (4,613)	$ 128,072	$ 6,215	$ 42,147	$ (11,953)	$ (3,871)	$ (5,312)	$ 25,555	(45,813)	(43,053)	171,822	4,419	(2,156)
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax											14,300
Debt and Equity Securities, Unrealized Gain (Loss)											31,800
Liberty Tax Segment | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (Loss) on Disposition of Business											188,100
Proceeds from Divestiture of Businesses											255,300
Cash Provided by (Used in) Investing Activities, Discontinued Operations											181,200
Disposal Group, Including Discontinued Operation, Consideration, Number Of Proportional Voting Shares, Shares														74.1
Business Acquisition, Transaction Costs														$ 7,100
Liberty Tax [Member] | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash Provided by (Used in) Investing Activities, Discontinued Operations									(26,004)	(28,215)	173,633	6,259	(2,666)
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents	0				2,722						0	2,722
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net	0				33,525						0	33,525
Disposal Group, Including Discontinued Operation, Other Assets, Current	0				6,776						0	6,776
Disposal Group, Including Discontinued Operation, Assets, Current	0				43,023						0	43,023
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment	0				7,634						0	7,634
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Noncurrent	0				3,889						0	3,889
Disposal Group, Including Discontinued Operation, Goodwill	0				8,719						0	8,719
Disposal Group, Including Discontinued Operation, Intangible Assets, Noncurrent	0				24,804						0	24,804
Disposal Group, Including Discontinued Operation, Operating Lease, Right-Of-Use Asset, Noncurrent	0				8,771						0	8,771
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent	0				1,299						0	1,299
Disposal Group, Including Discontinued Operation, Assets	0				98,139						0	98,139
Disposal Group, Including Discontinued Operation, Long-Term Debt, Current Maturities	0				1,335						0	1,335
Disposal Group, Including Discontinued Operation, Operating Lease, Liability, Current	0				4,658						0	4,658
Disposal Group, Including Discontinued Operation, Accounts Payable and Accrued Liabilities, Current	0				20,200						0	20,200
Disposal Group, Including Discontinued Operation, Other Liabilities, Current	0				14,383						0	14,383
Disposal Group, Including Discontinued Operation, Liabilities, Current	0				40,576						0	40,576
Disposal Group, Including Discontinued Operations, Long-Term Debt, Excluding Current Maturities	0				1,711						0	1,711
Disposal Group, Including Discontinued Operation, Operating Lease, Liability, Noncurrent	0				4,738						0	4,738
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent	0				2,330						0	2,330
Disposal Group, Including Discontinued Operation, Liabilities	$ 0				$ 49,355						0	49,355
Disposal Group, Including Discontinued Operation, Revenue									14,984	16,647	107,486	122,777	132,546
Disposal Group, Including Discontinued Operation, General and Administrative Expense									77,562	77,612	66,042	99,166	133,405
Disposal Group, Including Discontinued Operation, Operating Income (Loss)									(62,578)	(60,965)	41,444	23,611	(859)
Disposal Group, Including Discontinued Operation, Other Expense									37		188,256	107
Disposal Group, Including Discontinued Operation, Other Income										(12)			(113)
Disposal Group, Including Discontinued Operation, Interest Expense									(2,351)	(1,802)	(3)	(4,977)	(3,023)
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax									(64,892)	(62,779)	229,697	18,741	(3,995)
Discontinued Operation, Tax Effect of Discontinued Operation									(1,868)	(19,726)	57,875	2,531	(1,839)
Income (loss) from discontinued operations, net of tax									(63,024)	(43,053)	171,822	16,210	(2,156)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest									17,211	0	0	(11,791)	0
Net income (loss) from discontinued operations									(45,813)	(43,053)	171,822	4,419	(2,156)
Cash Provided by (Used in) Operating Activities, Discontinued Operations									$ (21,477)	$ (51,774)	$ 39,334	$ 52,185	$ 17,129

Accounts and Notes Receivable_3

Accounts and Notes Receivable - Notes and Interest Receivable (Details) - USD ($)	Dec. 25, 2021	Dec. 26, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts and Other Receivables, Net, Current	$ 86,087,000	$ 38,444,000
Notes Receivable, Related Parties, Current	1,681,000	15,440,000
interest receivable, current, net	54,000	84,000
Income Taxes Receivable, Current	32,448,000	13,650,000
Allowance for Doubtful Other Receivables, Current	(1,572,000)	(283,000)
Current receivables, net	118,698,000	67,335,000
Notes Receivable, Related Parties, Noncurrent	12,183,000	12,800,000
Allowance for Doubtful Accounts, non-current	(428,000)	0
Receivables, net, non-current	11,755,000	12,800,000
Receivables, Fair Value Disclosure	130,453,000	80,135,000
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts and Other Receivables, Net, Current	13,412,000	$ 28,240,000
Asset-backed Securities, Securitized Loans and Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable - current	476,100,000
Notes receivable - non-current	60,900,000
Other Current Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Unamortized Purchase Premium (Discount)	106,500,000
Other Noncurrent Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Unamortized Purchase Premium (Discount)	$ 13,600,000

Accounts and Notes Receivable_4

Accounts and Notes Receivable - Activity in the Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Receivables [Abstract]
Allowance for doubtful accounts receivable, beginning of period	$ 283	$ 0
Provision for doubtful accounts	1,720	283
Write-offs	(1)	0
Allowance for doubtful accounts receivable, end of period	$ 2,000	$ 283

Accounts and Notes Receivable_5

Accounts and Notes Receivable - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Allocation of allowance for doubtful accounts
Accounts Receivable, Allowance for Credit Loss	$ 2,000	$ 283	$ 0
Proceeds, Accounts Receivable, Previously Written Off, Recovery	(2)
Accounts receivable
Allocation of allowance for doubtful accounts
Gross amount due	13,918	28,324
Notes and interest receivable, net of unrecognized revenue
Allocation of allowance for doubtful accounts
Gross amount due	$ 86,087	$ 38,444

Accounts and Notes Receivable_6

Accounts and Notes Receivable - Accounts and Notes Receivable Past Due (Details) - USD ($) $ in Thousands	Dec. 25, 2021	Dec. 26, 2020
Aging of accounts and notes receivable
Accounts and Other Receivables, Net, Current	$ 86,087	$ 38,444
Notes and interest receivable, net of unrecognized revenue
Aging of accounts and notes receivable
Current	0	0
Accounts and Notes Receivable Gross	86,087	38,444
Accounts Receivable, Noncurrent, 90 Days or More Past Due, Still Accruing	7,966	505
Accounts and Other Receivables, Net, Current	78,121	37,939
Accounts receivable
Aging of accounts and notes receivable
Current	(54)	(84)
Accounts and Notes Receivable Gross	13,918	28,324
Financing Receivable, 90 Days or More Past Due, Still Accruing	452	0
Accounts and Other Receivables, Net, Current	13,412	28,240
Accounts, Notes, and Interest Receivable
Aging of accounts and notes receivable
Current	(54)	(84)
Accounts and Notes Receivable Gross	100,005	66,768
Financing Receivable, 90 Days or More Past Due, Still Accruing	8,418	505
Accounts and Other Receivables, Net, Current	$ 91,533	$ 66,179

Accounts and Notes Receivable_7

Accounts and Notes Receivable - Narratives (Details)	12 Months Ended
	Dec. 25, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other Significant Noncash Transaction, Consideration Received	400.0 million

Accounts and Notes Receivable A

Accounts and Notes Receivable Accounts and Notes Receivable current/non-current (Details) - USD ($)	Dec. 25, 2021	Dec. 26, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts and Other Receivables, Net, Current	$ 86,087,000	$ 38,444,000
Notes Receivable, Related Parties, Current	1,681,000	15,440,000
interest receivable, current, net	54,000	84,000
Income Taxes Receivable, Current	32,448,000	13,650,000
Allowance for Doubtful Other Receivables, Current	1,572,000	283,000
Current receivables, net	118,698,000	67,335,000
Notes Receivable, Related Parties, Noncurrent	12,183,000	12,800,000
Allowance for Doubtful Accounts, non-current	(428,000)	0
Receivables, net, non-current	11,755,000	12,800,000
Receivables, Fair Value Disclosure	$ 130,453,000	$ 80,135,000

Property, Equipment, and Soft_3

Property, Equipment, and Software, Net - Property, Equipment and Software (Details) - USD ($) $ in Thousands	Dec. 25, 2021	Mar. 10, 2021	Dec. 26, 2020
Property, equipment, and software, net
Finance Lease, Right-of-Use Asset, before Accumulated Amortization		$ 1,700
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization	$ 553,969		$ 183,740
Less accumulated depreciation and amortization	104,083		47,868
Property, equipment, and software, net	449,886		135,872
Land and Land Improvements [Member]
Property, equipment, and software, net
Property, equipment, and software, gross	36,306		0
Buildings and building improvements
Property, equipment, and software, net
Property, equipment, and software, gross	176,188		0
Leasehold improvements
Property, equipment, and software, net
Property, equipment, and software, gross	115,539		67,114
Furniture, fixtures, and equipment
Property, equipment, and software, net
Property, equipment, and software, gross	117,973		66,885
Software
Property, equipment, and software, net
Property, equipment, and software, gross	97,427		44,250
Construction in Progress [Member]
Property, equipment, and software, net
Property, equipment, and software, gross	4,388		3,578
Capital Lease Obligations [Member]
Property, equipment, and software, net
Finance Lease, Right-of-Use Asset, before Accumulated Amortization	$ 6,148		$ 1,913

Property, Equipment, and Soft_4

Property, Equipment, and Software, Net - Narratives (Details) - USD ($) $ in Millions	8 Months Ended	12 Months Ended
	Dec. 28, 2019	Dec. 25, 2021	Dec. 26, 2020
Property, Plant and Equipment [Abstract]
Total depreciation expense	$ 2.1	$ 56	$ 47.6

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Changes in the Carrying Amount of Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 448,258,000	$ 124,521,000
Acquisitions of assets from franchisees	358,624,000	336,854,000
Goodwill, Period Increase (Decrease)	(346,000)	(13,117,000)
Goodwill, Ending Balance	806,536,000	448,258,000
Vitamin Shoppe [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	1,277,000	4,951,000
Goodwill, Ending Balance	1,277,000	1,277,000
Pet Supplies Plus
Goodwill [Roll Forward]
Goodwill, Beginning Balance	335,875,000	0
Goodwill, Ending Balance		335,875,000
American Freight
Goodwill [Roll Forward]
Goodwill, Beginning Balance	367,882,000	31,028,000
Goodwill, Ending Balance	370,829,000	367,882,000
Buddy's [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	79,099,000	88,542,000
Goodwill, Ending Balance	79,099,000	79,099,000
Sylvan
Goodwill [Roll Forward]
Goodwill, Beginning Balance	0	0
Goodwill, Ending Balance	19,456,000	0
Vitamin Shoppe [Member]
Goodwill [Roll Forward]
Acquisitions of assets from franchisees		0
Goodwill, Period Increase (Decrease)	0	(3,674,000)
Buddy's [Member]
Goodwill [Roll Forward]
Acquisitions of assets from franchisees	0	0
Goodwill, Period Increase (Decrease)	0	(9,443,000)
American Freight
Goodwill [Roll Forward]
Acquisitions of assets from franchisees	3,293,000	336,854,000
Goodwill, Period Increase (Decrease)	(346,000)	0
Sylvan
Goodwill [Roll Forward]
Acquisitions of assets from franchisees	19,456,000	0
Goodwill, Period Increase (Decrease)	0	0
Pet Supplies Plus
Goodwill [Roll Forward]
Acquisitions of assets from franchisees		$ 335,875,000
Goodwill, Ending Balance	$ 335,876,000

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Components of Amortizable Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 25, 2021	Dec. 26, 2020
Acquired Finite-Lived Intangible Assets [Line Items]
Net carrying amount	$ 350,638	$ 109,892
Finite-Lived Intangible Assets, Net	127,951	16,592
Vitamin Shoppe [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Net carrying amount	12,000	12,000
Pet Supplies Plus
Acquired Finite-Lived Intangible Assets [Line Items]
Net carrying amount	200,368
Badcock
Acquired Finite-Lived Intangible Assets [Line Items]
Net carrying amount	0
American Freight
Acquired Finite-Lived Intangible Assets [Line Items]
Net carrying amount	70,241	70,200
Buddy's [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Net carrying amount	24,006	27,692
Sylvan
Acquired Finite-Lived Intangible Assets [Line Items]
Net carrying amount	44,023
Tradename [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	222,687	93,300
Finite-Lived Intangible Assets, Net	222,687	93,300
Tradename [Member] | Vitamin Shoppe [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	12,000	12,000
Finite-Lived Intangible Assets, Net	12,000	12,000
Tradename [Member] | Pet Supplies Plus
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	104,400
Finite-Lived Intangible Assets, Net	104,400
Tradename [Member] | Badcock
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	0
Tradename [Member] | American Freight
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	70,200	70,200
Finite-Lived Intangible Assets, Net	70,200	70,200
Tradename [Member] | Buddy's [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	11,100	11,100
Finite-Lived Intangible Assets, Net	11,100	11,100
Tradename [Member] | Sylvan
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	24,987
Finite-Lived Intangible Assets, Net	24,987
Customer Contracts [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	42,414	8,780
Accumulated amortization	(5,215)	(2,159)
Finite-Lived Intangible Assets, Net	37,199	6,621
Customer Contracts [Member] | Vitamin Shoppe [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	0	0
Customer Contracts [Member] | Pet Supplies Plus
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	34,300
Accumulated amortization	(1,856)
Finite-Lived Intangible Assets, Net	32,444
Customer Contracts [Member] | Badcock
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	0
Customer Contracts [Member] | American Freight
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	0	0
Customer Contracts [Member] | Buddy's [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	8,114	8,780
Accumulated amortization	(3,359)	(2,159)
Finite-Lived Intangible Assets, Net	4,755	6,621
Customer Contracts [Member] | Sylvan
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	0
Noncompete Agreements [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	95,865	10,500
Accumulated amortization	(6,571)	(1,545)
Finite-Lived Intangible Assets, Net	89,294	8,955
Noncompete Agreements [Member] | Vitamin Shoppe [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	0	0
Accumulated amortization	0	0
Finite-Lived Intangible Assets, Net	0	0
Noncompete Agreements [Member] | Pet Supplies Plus
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	67,100
Accumulated amortization	(3,576)
Finite-Lived Intangible Assets, Net	63,524
Noncompete Agreements [Member] | Badcock
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	0
Accumulated amortization	0
Finite-Lived Intangible Assets, Net	0
Noncompete Agreements [Member] | American Freight
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	0	0
Accumulated amortization	0	0
Finite-Lived Intangible Assets, Net	0	0
Noncompete Agreements [Member] | Buddy's [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	10,500	10,500
Accumulated amortization	(2,596)	(1,545)
Finite-Lived Intangible Assets, Net	7,904	8,955
Noncompete Agreements [Member] | Sylvan
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	18,265
Accumulated amortization	(399)
Finite-Lived Intangible Assets, Net	17,866
Reacquired Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,836	1,478
Accumulated amortization	(378)	(462)
Finite-Lived Intangible Assets, Net	1,458	1,016
Reacquired Rights [Member] | Vitamin Shoppe [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	0	0
Accumulated amortization	0	0
Finite-Lived Intangible Assets, Net	0	0
Reacquired Rights [Member] | Pet Supplies Plus
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	0
Accumulated amortization	0
Finite-Lived Intangible Assets, Net	0
Reacquired Rights [Member] | Badcock
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	0
Accumulated amortization	0
Finite-Lived Intangible Assets, Net	0
Reacquired Rights [Member] | American Freight
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	44	0
Accumulated amortization	(3)	0
Finite-Lived Intangible Assets, Net	41	0
Reacquired Rights [Member] | Buddy's [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	566	1,478
Accumulated amortization	(319)	(462)
Finite-Lived Intangible Assets, Net	247	$ 1,016
Reacquired Rights [Member] | Sylvan
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,226
Accumulated amortization	(56)
Finite-Lived Intangible Assets, Net	$ 1,170

- Annual Amortization Expenses

- Annual Amortization Expenses for the Next Five Years (Details) $ in Thousands	Dec. 25, 2021USD ($)
Estimated amortization expense for next five years
2014	$ 10,786
2015	10,750
2016	10,623
2017	9,952
2018	9,206
Finite-Lived Intangible Assets, Amortization Expense, Rolling after Year Five	76,634
Total estimated amortization expense	$ 127,951

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Narratives (Details) - USD ($) $ in Thousands	8 Months Ended	12 Months Ended
	Dec. 28, 2019	Dec. 26, 2020	Apr. 30, 2019	Dec. 25, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 4,600	$ 8,700	$ 1,800
Property, Plant and Equipment, Net		$ 135,872		$ 449,886

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								8 Months Ended		12 Months Ended
	Dec. 25, 2021	Sep. 25, 2021	Jun. 26, 2021	Mar. 27, 2021	Dec. 26, 2020	Sep. 26, 2020	Jun. 27, 2020	Mar. 28, 2020	Dec. 28, 2019	Dec. 29, 2018	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019	Apr. 30, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (762,831)				$ (385,167)				$ (151,761)		$ (762,831)	$ (385,167)	$ (103,714)	$ (111,502)
Revenue, Remaining Performance Obligation, Amount	70,614										70,614
Financing Receivable, before Allowance for Credit Loss	13,864				28,240						13,864	28,240
Revenues	942,276	$ 828,826	$ 862,758	$ 621,345	491,534	$ 537,692	$ 497,554	$ 502,947	134,526	$ 0	3,255,204	2,029,727	0
Lease Income									23,636		33,630	64,267
Deferred Revenue	$ 70,614				$ 25,616						70,614	25,616
Cumulative Effect, Period of Adoption, Adjustment
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest									(319)				$ 3,794
Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues									160		797	99
Royalties and Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues									4,042		43,694	9,993
Financial Service [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues									0		41,623	15,977
Interest [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues									267		26,722	1,288
Service, Other [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues									$ 2,611		$ 49,425	$ 8,974

Revenue Performance Obligations

Revenue Performance Obligations (Details) $ in Thousands	Dec. 25, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 70,614
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-12-26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 49,038
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-12-26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 3,165
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-12-26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 2,780
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	3 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-12-26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 1,787
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	4 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-12-26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 1,624
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	5 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-12-26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 12,220
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

Revenue Disaggregation of Reven

Revenue Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								8 Months Ended		12 Months Ended
	Dec. 25, 2021	Sep. 25, 2021	Jun. 26, 2021	Mar. 27, 2021	Dec. 26, 2020	Sep. 26, 2020	Jun. 27, 2020	Mar. 28, 2020	Dec. 28, 2019	Dec. 29, 2018	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019
Disaggregation of Revenue [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 13,864				$ 28,240						$ 13,864	$ 28,240
Revenues	$ 942,276	$ 828,826	$ 862,758	$ 621,345	$ 491,534	$ 537,692	$ 497,554	$ 502,947	$ 134,526	$ 0	3,255,204	2,029,727	$ 0
Lease Income									23,636		33,630	64,267
Retail [Member]
Disaggregation of Revenue [Line Items]
Revenues									96,139		2,656,149	1,899,662
Interest [Member]
Disaggregation of Revenue [Line Items]
Revenues									267		26,722	1,288
Service, Other [Member]
Disaggregation of Revenue [Line Items]
Revenues									2,611		49,425	8,974
Product [Member]
Disaggregation of Revenue [Line Items]
Revenues									96,139	0	3,012,471	1,899,662	0
Royalties and Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues									4,042		43,694	9,993
Service [Member]
Disaggregation of Revenue [Line Items]
Revenues									14,751	$ 0	209,103	65,798	$ 0
Franchise [Member]
Disaggregation of Revenue [Line Items]
Revenues									160		797	99
Financial Service [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		41,623	15,977
Warranty Revenue
Disaggregation of Revenue [Line Items]
Revenues									7,671		46,842	29,467
Wholesale
Disaggregation of Revenue [Line Items]
Revenues											356,322
Vitamin Shoppe [Member]
Disaggregation of Revenue [Line Items]
Revenues									30,574		1,172,725	1,035,964
Lease Income									0		0	0
Vitamin Shoppe [Member] | Retail [Member]
Disaggregation of Revenue [Line Items]
Revenues									30,574		1,172,462	1,035,964
Vitamin Shoppe [Member] | Interest [Member]
Disaggregation of Revenue [Line Items]
Revenues									0			0
Vitamin Shoppe [Member] | Service, Other [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		0	0
Vitamin Shoppe [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Revenues									30,574		1,172,462	1,035,964
Vitamin Shoppe [Member] | Royalties and Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		262	0
Vitamin Shoppe [Member] | Service [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		263	0
Vitamin Shoppe [Member] | Franchise [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		1	0
Vitamin Shoppe [Member] | Financial Service [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		0	0
Vitamin Shoppe [Member] | Warranty Revenue
Disaggregation of Revenue [Line Items]
Revenues									0		0	0
Liberty Tax [Member]
Disaggregation of Revenue [Line Items]
Revenues									0			0
Buddy's [Member]
Disaggregation of Revenue [Line Items]
Revenues									35,722		64,409	97,332
Lease Income									23,636		33,630	64,267
Buddy's [Member] | Retail [Member]
Disaggregation of Revenue [Line Items]
Revenues									1,498		3,913	5,743
Buddy's [Member] | Interest [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		0	0
Buddy's [Member] | Service, Other [Member]
Disaggregation of Revenue [Line Items]
Revenues									1,449		5,725	4,562
Buddy's [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Revenues									1,498		3,913	5,743
Buddy's [Member] | Royalties and Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues									4,042		14,390	9,993
Buddy's [Member] | Service [Member]
Disaggregation of Revenue [Line Items]
Revenues									10,588		26,866	27,322
Buddy's [Member] | Franchise [Member]
Disaggregation of Revenue [Line Items]
Revenues									160		84	99
Buddy's [Member] | Financial Service [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		0	0
Buddy's [Member] | Warranty Revenue
Disaggregation of Revenue [Line Items]
Revenues									4,937		6,667	12,668
American Freight
Disaggregation of Revenue [Line Items]
Revenues									68,230		988,892	896,431
Lease Income									0		0	0
American Freight | Retail [Member]
Disaggregation of Revenue [Line Items]
Revenues									64,067		894,905	857,955
American Freight | Interest [Member]
Disaggregation of Revenue [Line Items]
Revenues									267		986	1,288
American Freight | Service, Other [Member]
Disaggregation of Revenue [Line Items]
Revenues									1,162		14,360	4,412
American Freight | Product [Member]
Disaggregation of Revenue [Line Items]
Revenues									64,067		895,850	857,955
American Freight | Royalties and Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		1,287	0
American Freight | Service [Member]
Disaggregation of Revenue [Line Items]
Revenues									4,163		93,042	38,476
American Freight | Franchise [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		0	0
American Freight | Financial Service [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		41,623	15,977
American Freight | Warranty Revenue
Disaggregation of Revenue [Line Items]
Revenues									2,734		34,786	16,799
American Freight | Wholesale
Disaggregation of Revenue [Line Items]
Revenues											945
Badcock
Disaggregation of Revenue [Line Items]
Revenues									0		102,057	0
Lease Income											0	0
Badcock | Retail [Member]
Disaggregation of Revenue [Line Items]
Revenues											67,353	0
Badcock | Interest [Member]
Disaggregation of Revenue [Line Items]
Revenues											25,508	0
Badcock | Service, Other [Member]
Disaggregation of Revenue [Line Items]
Revenues											3,807	0
Badcock | Product [Member]
Disaggregation of Revenue [Line Items]
Revenues											67,353	0
Badcock | Royalties and Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues											0	0
Badcock | Service [Member]
Disaggregation of Revenue [Line Items]
Revenues											34,704	0
Badcock | Franchise [Member]
Disaggregation of Revenue [Line Items]
Revenues											0	0
Badcock | Financial Service [Member]
Disaggregation of Revenue [Line Items]
Revenues											0	0
Badcock | Warranty Revenue
Disaggregation of Revenue [Line Items]
Revenues											5,389	0
Pet Supplies Plus
Disaggregation of Revenue [Line Items]
Revenues											917,439	0
Lease Income											0	0
Pet Supplies Plus | Retail [Member]
Disaggregation of Revenue [Line Items]
Revenues											517,508	0
Pet Supplies Plus | Interest [Member]
Disaggregation of Revenue [Line Items]
Revenues											228	0
Pet Supplies Plus | Service, Other [Member]
Disaggregation of Revenue [Line Items]
Revenues											24,165	0
Pet Supplies Plus | Product [Member]
Disaggregation of Revenue [Line Items]
Revenues											872,885	0
Pet Supplies Plus | Royalties and Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues											19,538	0
Pet Supplies Plus | Service [Member]
Disaggregation of Revenue [Line Items]
Revenues											44,554	0
Pet Supplies Plus | Franchise [Member]
Disaggregation of Revenue [Line Items]
Revenues											623	0
Pet Supplies Plus | Financial Service [Member]
Disaggregation of Revenue [Line Items]
Revenues											0	0
Pet Supplies Plus | Warranty Revenue
Disaggregation of Revenue [Line Items]
Revenues											0	0
Pet Supplies Plus | Wholesale
Disaggregation of Revenue [Line Items]
Revenues											355,377
Sylvan
Disaggregation of Revenue [Line Items]
Revenues									0		9,682	0
Lease Income									0		0	0
Sylvan | Retail [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		8	0
Sylvan | Interest [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		0	0
Sylvan | Service, Other [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		1,368	0
Sylvan | Product [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		8	0
Sylvan | Royalties and Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		8,217	0
Sylvan | Service [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		9,674	0
Sylvan | Franchise [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		89	0
Sylvan | Financial Service [Member]
Disaggregation of Revenue [Line Items]
Revenues									0		0	0
Sylvan | Warranty Revenue
Disaggregation of Revenue [Line Items]
Revenues									$ 0		$ 0	$ 0

Revenue Contract with Customer,

Revenue Contract with Customer, Asset and Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Disaggregation of Revenue [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 13,864	$ 28,240
Contract with Customer, Liability	37,626	18,065
Deferred Revenue	70,614	25,616
Deferred revenue - non-current	16,984	827
Other Liabilities and Deferred Revenue, Noncurrent	8,400	2,503
Accounts Receivable, Sale	86,087	38,444
Gift Cards And Loyalty Programs
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability	$ 7,604	$ 4,221

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Leases [Abstract]
Finance Lease, Weighted Average Discount Rate, Percent	11.17%
Operating Lease, Weighted Average Remaining Lease Term	4 years 10 months 24 days
Noncash or Part Cash Acquisition, Lease Right-of Use Assets Acquired	$ 153,538
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	225,395
Short-term Lease, Cost	2,261	$ 2,495
Variable Lease, Cost	35,367	14,137
Sublease Income	1,753	868
Operating Lease, Cost	212,837	94,387
Lease, Cost	248,712	110,151
Lessee, Operating Lease, Liability, Payments, Due Year Two	199,063
Lessee, Operating Lease, Liability, Payments, Due Year Three	155,360
Lessee, Operating Lease, Liability, Payments, Due Year Four	112,046
Lessee, Operating Lease, Liability, Payments, Due after Year Five	80,557
Lessee, Operating Lease, Liability, Payments, Thereafter	116,313
Lessee, Operating Lease, Liability, Payments, Due	888,734
Operating Lease Payments, less interest	158,562
Operating Lease, Liability	730,172
Operating Lease, Payments	191,827
Finance Lease, Principal Payments	$ 87,399
Finance Lease, Weighted Average Remaining Lease Term	4 years 8 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	9.03%
Lessor, Sublease Income	$ 700
Noncash or Part Cash Acquisition, Finance Lease Liability, Current Portion	157,007
Lessee, Operating Lease, Liability, Payments, Due	888,734
Operating lease right-of-use assets	714,741	502,104
Operating Lease, Liability, Current	173,101	127,032
Long-term Debt and Lease Obligation	557,071	402,276
Lessor, Lease, Description [Line Items]
Operating Lease, Lease Income	900
Sublease Income	1,753	868
Property, plant, and equipment, net	449,886	$ 135,872
Assets leased to Others
Lessor, Lease, Description [Line Items]
Lessor, Operating Lease, Payment to be Received, Year One	1,937
Lessor, Operating Lease, Payment to be Received, Year Two	1,817
Lessor, Operating Lease, Payment to be Received, Year Three	1,721
Lessor, Operating Lease, Payment to be Received, Year Four	1,519
Lessor, Operating Lease, Payment to be Received, Year Five	1,391
Lessor, Operating Lease, Payment to be Received, after Year Five	2,533
Lessor, Operating Lease, Payments to be Received	10,918
Buildings and Improvements, Gross	34,172
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(88)
Property, plant, and equipment, net	34,084
Subleased to others
Lessor, Lease, Description [Line Items]
Lessor, Operating Lease, Payment to be Received, Year One	6,841
Lessor, Operating Lease, Payment to be Received, Year Two	5,938
Lessor, Operating Lease, Payment to be Received, Year Three	4,461
Lessor, Operating Lease, Payment to be Received, Year Four	3,536
Lessor, Operating Lease, Payment to be Received, Year Five	2,560
Lessor, Operating Lease, Payment to be Received, after Year Five	1,791
Lessor, Operating Lease, Payments to be Received	$ 25,127

Long-Term Obligations (Details)

Long-Term Obligations (Details) - USD ($)	Dec. 27, 2021	Jul. 02, 2021	Mar. 10, 2021	Dec. 28, 2019	Dec. 29, 2018	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019	Nov. 24, 2021
Debt Instrument [Line Items]
Long-term Debt						$ 1,869,895,000
Accounts Receivable from Securitization						407,502,000
Long-term Debt and Lease Obligation, Including Current Maturities						1,869,895,000	$ 570,997,000
Payment for Debt Extinguishment or Debt Prepayment Cost						36,726,000
Current Installments of Long-Term Obligation						486,170,000	104,053,000
Long-term Debt, Excluding Current Maturities						(1,383,725,000)	(466,944,000)
Repayments of Debt		$ 182,100,000				219,000,000
Long-Term Debt, Maturity, Year Three						1,325,000
Long-Term Debt, Maturity, Year Four						1,056,000
Long-Term Debt, Maturity, Year Five						1,097,621,000
Long-Term Debt, Maturity, after Year Five						0
Long-Term Debt, Maturity, Year Two						284,055,000
Interest Expense				$ 6,998,000	$ 0	133,114,000	96,774,000	$ 0
Long-Term Debt, Maturity, Year One						485,838,000
Debt Securitized by Accounts Receivable, Gross of Discount						400,000,000
Amortization of Debt Discount (Premium)						7,500,000
Asset-backed Securities, Securitized Loans and Receivables
Debt Instrument [Line Items]
Debt Securitized by Accounts Receivable, Gross of Discount						296,700,000
First Lien Term Loan Credit Facility
Debt Instrument [Line Items]
Interest Expense						6,100,000
Subsequent Event
Debt Instrument [Line Items]
Repayments of Debt	$ 31,000,000
Interest and Debt Expense	3,500,000
Senior Secured Notes, First Lien Credit Agreement
Debt Instrument [Line Items]
Debt Issuance Costs, Written-Off			$ 20,100,000
First Lien Term Loan Credit Facility | Interest Rate Floor
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			5.50%
Senior Secured Notes, Second Lien Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Covenant, Leverage-Based Step-Down One			50.00%
Senior Lien
Debt Instrument [Line Items]
Debt Issuance Costs, Written-Off			$ 8,100,000
Short-term Debt
Debt Instrument [Line Items]
Amortization of Debt Discount (Premium)						5,600,000
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term Debt						20,000,000	78,310,000
Revolving Credit Facility | Third Amended And Restated Loan And Security Agreement
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			100,000,000
Debt Instrument, Face Amount			$ 150,000,000
Debt Instrument, Covenant, Event Of Default, Additional Interest, If Criteria Met, Percentage			2.00%
Proceeds from Lines of Credit						20,000,000
Term Loan [Member]
Debt Instrument [Line Items]
Long-term Debt						1,435,928,000	491,836,000
Debt Instrument, Repurchased Face Amount			$ 37,000,000
Term Loan [Member] | Senior Secured Notes, First Lien Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment			2,500,000
Debt Instrument, Face Amount			$ 1,000,000,000						$ 425,000,000
Debt Instrument, Covenant, Event Of Default, Additional Interest, If Criteria Met, Percentage			2.00%
Term Loan [Member] | Senior Secured Notes, Second Lien Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Face Amount									$ 150,000,000
Debt Instrument, Covenant, Prepayment Criteria, Percentage Of Excess Cash Flow On Annual Basis			50.00%
Debt Instrument, Covenant, Leverage-Based Step-Down One			25.00%
Debt Instrument, Covenant, Leverage-Based Step-Down Two			0.00%
Debt Instrument, Covenant, Percentage Of Net Cash Proceeds Of Certain Other Customary Events			100.00%
Term Loan [Member] | Senior Secured Notes, Second Lien Credit Agreement | Subsequent Event
Debt Instrument [Line Items]
Repayments of Debt	$ 150,000,000
Term Loan [Member] | Senior Lien
Debt Instrument [Line Items]
Debt Instrument, Face Amount						300,000,000
Term Loan [Member] | Senior Lien | Interest Rate Floor
Debt Instrument [Line Items]
Debt Instrument, Floor Of Variable Rate Basis			8.50%
Finance Lease Liability [Member]
Debt Instrument [Line Items]
Long-term Debt						$ 6,465,000	$ 851,000
Loans
Debt Instrument [Line Items]
Debt Instrument, Repurchased Face Amount			$ 527,400,000
Long-term Debt | Senior Subordinated Notes
Debt Instrument [Line Items]
Write off of Deferred Debt Issuance Cost			$ 36,700,000
Long-term Debt | Senior Subordinated Notes | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Currency			1.75
Line of Credit [Member] | Vitamin Shoppe Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity			$ 43,000,000
Debt Issuance Costs, Written-Off			$ 1,200,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	Sep. 15, 2020	Apr. 01, 2020	Mar. 26, 2020	Dec. 25, 2021	Sep. 25, 2021	Jun. 26, 2021	Mar. 27, 2021	Dec. 26, 2020	Sep. 26, 2020	Jun. 27, 2020	Mar. 28, 2020	Dec. 28, 2019	Dec. 29, 2018	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019
Stockholders' Equity
Incremental Common Shares Attributable to Dilutive Effect of Options and Restricted Stock Units												0		764,501	440,573	0
Dividends, Preferred Stock												$ 0		$ 8,515,000	$ 755,000	$ 0
Weighted Average Number of Shares Outstanding, Basic												16,669,065	13,602,774	40,199,681	34,531,362	13,800,884
Stock Redeemed or Called During Period, Shares			3,937,726
Preferred Stock, redeemed for Common, Shares			787,545
Weighted Average Number of Shares Outstanding, Diluted												16,669,065	13,602,774	40,964,182	34,971,935	13,800,884
Earnings Per Share, Diluted				$ 3.53	$ 3.96	$ 0.89	$ 0.29	$ (0.11)	$ (0.22)	$ (0.62)	$ 2.51	$ (4.11)	$ (3.17)	$ 8.67	$ 0.70	$ (0.16)
Common Stock, Value, Issued				$ 403,000				$ 401,000						$ 403,000	$ 401,000
Proceeds from the exercise of stock options												$ 2,202,000	$ 0	665,000	520,000	$ 153,000
Unrealized Gain (Loss) on Derivatives														0	(145,000)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax				0				(1,254,000)						0	(1,254,000)
Share-based Payment Arrangement, Noncash Expense												3,102,000	604,000	13,696,000	9,484,000	999,000
Accumulated other comprehensive income (loss), net of taxes				0				(1,399,000)						0	(1,399,000)
Antidilutive securities
Adjustments to Additional Paid in Capital, Other														$ 10,000,000
Debt Instrument, Term														30 days
Proceeds from Issuance of Common Stock												96,143,000	0	$ 0	198,004,000	0
Preferred Stock, Value, Issued	$ 0.01			$ 45,000				13,000						$ 45,000	13,000
Preferred Stock, Liquidation Preference Per Share	$ 25
Excess Stock, Shares Authorized				446,428										446,428
Proceeds from Issuance of Preferred Stock and Preference Stock												0	0	$ 79,542,000	29,482,000	0
Preferred Units, Offering Costs				$ 3,200,000										3,200,000
Net Income (Loss) Attributable to Parent				$ 147,169,000	$ 164,070,000	$ 38,736,000	$ 13,813,000	$ (4,205,000)	$ (8,597,000)	$ (21,673,000)	$ 59,539,000	$ (68,427,000)	$ (43,053,000)	$ 363,788,000	$ 25,064,000	$ (2,156,000)
Earnings Per Share, Basic				$ 3.71	$ 0.84	$ 0.76	$ (0.76)	$ 0.19	$ (0.12)	$ (0.47)	$ 1.45	$ (1.35)	$ 0	$ 4.56	$ 0.57	$ 0
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount												524,649			206,899
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic												$ (22,614,000)		$ 183,451,000	$ 19,890,000	$ 0
Net Income (Loss) Available to Common Stockholders, Basic												$ (68,427,000)		$ 355,273,000	$ 24,309,000	$ (2,156,000)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share												$ (2.76)		$ 4.27	$ 0.13	$ (0.16)
Earnings Per Share, Basic				$ 3.60	$ 4.02	$ 0.91	$ 0.29	$ (0.11)	$ (0.22)	$ (0.62)	$ 2.54	$ (4.11)	$ (3.17)	$ 8.83	$ 0.70	$ (0.16)
Net income (loss) from discontinued operations				$ (4,613,000)	$ 128,072,000	$ 6,215,000	$ 42,147,000	$ (11,953,000)	$ (3,871,000)	$ (5,312,000)	$ 25,555,000	$ (45,813,000)	$ (43,053,000)	$ 171,822,000	$ 4,419,000	$ (2,156,000)
Income (Loss) from Continuing Operations, Per Diluted Share				$ 3.64	$ 0.83	$ 0.74	$ (0.76)	$ 0.19	$ (0.12)	$ (0.47)	$ 1.43	$ (1.36)	$ 0	$ 4.48	$ 0.57	$ 0
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share				$ (0.11)	$ 3.13	$ 0.15	$ 1.05	$ (0.30)	$ (0.10)	$ (0.15)	$ 1.08	$ (2.75)	$ (3.17)	$ 4.19	$ 0.13	$ (0.16)
Class A common stock
Stockholders' Equity
Weighted Average Number of Shares Outstanding, Basic												16,669,065		40,199,681	34,531,362	13,800,884
Antidilutive securities
Earnings Per Share, Basic												$ (1.35)		$ 4.56	$ 0.57	$ 0
Earnings Per Share, Basic												$ (4.11)		$ 8.83	$ 0.70	$ (0.16)
Preferred Stock
Stockholders' Equity
Preferred stock, shares issued (in shares)				4,541,125				1,250,000						4,541,125	1,250,000
Antidilutive securities
Preferred stock, shares authorized (in shares)				4,800,000				20,000,000						4,800,000	20,000,000
Preferred stock, shares outstanding (in shares)				4,541,125				1,250,000						4,541,125	1,250,000
Preferred Stock | Buddy's [Member]
Antidilutive securities
Conversion of Stock, Shares Issued														0.2
Remaining New Holdco Units [Member]
Stockholders' Equity
Preferred Stock, redeemed for Common, Shares		5,495,606
Preferred Stock, additional shares [Member]
Stockholders' Equity
Preferred Stock, redeemed for Common, Shares		1,099,121
Preferred Stock
Stockholders' Equity
Preferred stock, shares issued (in shares)	2,976,191
Preferred Stock, Dividend Rate, Percentage	7.50%
Antidilutive securities
Sale of Stock, Price Per Share	$ 25.20
Proceeds from Issuance of Preferred Stock and Preference Stock														$ 79,500,000

Stock Compensation Plan (Detail

Stock Compensation Plan (Details) - USD ($) $ / shares in Units, $ in Millions	8 Months Ended	12 Months Ended
	Dec. 28, 2019	Dec. 25, 2021	Dec. 26, 2020
stock awards expense
Nonvested stock option activity, Weighted average exercise price
Unrecognized compensation costs		$ 19.9
Share-based Payment Arrangement, Expense	$ 2.3	13.4	$ 8.9
stock awards expense | Accounts Payable and Accrued Liabilities
Nonvested stock option activity, Weighted average exercise price
Share-based Payment Arrangement, Expense		$ 1.5
Stock Option Plan [Member]
Stock option activity, Number of options
Outstanding at the start of the period (in shares)		391,409
Granted (in shares)		0
Exercised (in shares)		(59,376)
Canceled (in shares)		0
Outstanding at the end of the period (in shares)		332,033	391,409
Nonvested stock option activity, Nonvested options
Granted (in shares)		0
Stock Option
Nonvested stock option activity, Nonvested options
Outstanding at the beginning of the period (in shares)		63,334
Vested (in shares)		(63,334)
Canceled (in shares)		0
Outstanding at the end of the period (in shares)		0	63,334
Restricted Stock Units
Nonvested stock option activity, Weighted average exercise price
Unrecognized compensation costs		$ 5
Restricted Stock Units | Accounts Payable and Accrued Liabilities
Nonvested stock option activity, Weighted average exercise price
Unrecognized compensation costs		1.7
Performance Shares
Nonvested stock option activity, Weighted average exercise price
Unrecognized compensation costs		$ 8.3
Equity Plan 2011 [Member]
Stock compensation plan
Common Stock, Par or Stated Value Per Share			$ 0.01
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		5,000,000
Class A common stock available for grant (in shares)		3,004,259	4,062,558

Stock Compensation Plan (Deta_2

Stock Compensation Plan (Details 2)	12 Months Ended
	Dec. 25, 2021$ / sharesshares
Stock Option
Stock options outstanding and exercisable
Weighted average exercise price (in dollars per share)	$ 10.02
Weighted average exercise price (in dollars per share)	10.02
Exercise Price, Range One [Member]
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	0
Exercise price, high end of range (in dollars per share)	$ 10.89
Exercise Price, Range One [Member] | Stock Option
Stock options outstanding and exercisable
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | shares	204,500
Weighted average exercise price (in dollars per share)	$ 8.80
Weighted-average remaining contractual life (in years)	1 year 6 months
Number of options exercisable | shares	204,500
Weighted average exercise price (in dollars per share)	$ 8.80
Exercise Price, Range Two [Member]
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	10.90
Exercise price, high end of range (in dollars per share)	$ 12.01
Exercise Price, Range Two [Member] | Stock Option
Stock options outstanding and exercisable
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | shares	127,533
Weighted average exercise price (in dollars per share)	$ 11.98
Weighted-average remaining contractual life (in years)	2 years 3 months 18 days
Number of options exercisable | shares	127,533
Weighted average exercise price (in dollars per share)	$ 11.98

Stock Compensation Plan Restric

Stock Compensation Plan Restricted Stock (Details) - USD ($) $ / shares in Units, $ in Millions	8 Months Ended	12 Months Ended
	Dec. 28, 2019	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019	Apr. 30, 2018
Restricted Stock Units
Stock compensation plan
Share Based Compensation Arrangement by Share Based Payment Award Options Nonvested Granted in Period Weighted Average Exercise Price	$ 14,100	$ 35,950	$ 24,830	$ 10,400
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	205,206,000	269,708,000	296,147,000	168,792,000	127,030,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Weighted Average Grant Date Fair Value	$ 13,110	$ 27.92	$ 20.51	$ 10,560	$ 12.48
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	153,085,000	124,350,000	192,809,000	147,991,000
Share Based Compensation Arrangement by Share Based Payment Award Options Vested in Period	(80,549,000)	(148,447,000)	(85,911,000)	(28,029,000)
Share Based Compensation Arrangement by Share Based Payment Award Options Nonvested Forfeited in Period	(36,122,000)	(2,342,000)	(15,957,000)	(78,200,000)
Share Based Compensation Arrangement by Share Based Payment Award Options Vested in Period Weighted Average Exercise Price	$ 10,730	$ 20,110	$ 12,670	$ 13,470
Share Based Compensation Arrangement by Share Based Payment Award Options Nonvested Forfeited in Period Weighted Average Exercise Price	10,720	$ 12,220	19,690	$ 12,310
Unrecognized compensation costs		$ 5
Performance Shares
Stock compensation plan
Share Based Compensation Arrangement by Share Based Payment Award Options Nonvested Granted in Period Weighted Average Exercise Price	$ 14,400	$ 35,660	$ 24,840
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	465,833,000	706,260,000	618,737,000	0
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Weighted Average Grant Date Fair Value	$ 14,400	$ 19,900	$ 17,000	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	465,833,000	107,023,000	154,904,000
Share Based Compensation Arrangement by Share Based Payment Award Options Vested in Period	0	(19,500,000)	0
Share Based Compensation Arrangement by Share Based Payment Award Options Nonvested Forfeited in Period	0	0	(2,000,000)
Share Based Compensation Arrangement by Share Based Payment Award Options Vested in Period Weighted Average Exercise Price	$ 0	$ 14,400	$ 0
Share Based Compensation Arrangement by Share Based Payment Award Options Nonvested Forfeited in Period Weighted Average Exercise Price	$ 0	$ 0	$ 14,400
Unrecognized compensation costs		$ 8.3
MegaGrant
Stock compensation plan
Unrecognized compensation costs		$ 14.1
MegaGrant | Performance Shares
Stock compensation plan
Share Based Compensation Arrangement by Share Based Payment Award Options Nonvested Granted in Period Weighted Average Exercise Price		$ 20,130
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number		826,926,000	0
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Weighted Average Grant Date Fair Value		$ 20,130	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted		826,926,000
Share Based Compensation Arrangement by Share Based Payment Award Options Vested in Period		0
Share Based Compensation Arrangement by Share Based Payment Award Options Nonvested Forfeited in Period		0
Share Based Compensation Arrangement by Share Based Payment Award Options Vested in Period Weighted Average Exercise Price		$ 0
Share Based Compensation Arrangement by Share Based Payment Award Options Nonvested Forfeited in Period Weighted Average Exercise Price		$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended								8 Months Ended		12 Months Ended
	Dec. 25, 2021	Sep. 25, 2021	Jun. 26, 2021	Mar. 27, 2021	Dec. 26, 2020	Sep. 26, 2020	Jun. 27, 2020	Mar. 28, 2020	Dec. 28, 2019	Dec. 29, 2018	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019
Operating Loss Carryforwards [Line Items]
Current Federal Tax Expense (Benefit)									$ 0		$ 0	$ 62,897,000	$ 0
Current State and Local Tax Expense (Benefit)									56,000		(1,362,000)	(615,000)	0
Deferred Tax Assets, Operating Loss Carryforwards	$ 16,865,000				$ 19,364,000						16,865,000	19,364,000
Deferred Tax Asset, Section 743 Adjustment											38,604,000	39,974,000
Deferred Tax Asset, Interest Carryforward	1,485,000				559,000						1,485,000	559,000
Deferred Tax Asset, State bonus depreciation	5,069,000				4,791,000						5,069,000	4,791,000
Deferred Tax Asset, Equity Compensation											3,806,000	2,316,000
Deferred Tax Assets, Inventory	4,528,000				5,793,000						4,528,000	5,793,000
Unrecognized Tax Benefits, Increase Resulting from Acquisition											(219,000)	(104,000)
Current:
Federal	60,457,000	$ 54,763,000	$ 58,156,000	$ 52,976,000	15,899,000	$ 24,680,000	$ 14,777,000	$ (2,845,000)	(43,021,000)	$ 0	226,351,000	52,511,000	0
Current tax expense									56,000		1,362,000	(62,282,000)	0
Deferred:
Federal									(3,971,000)		(37,816,000)	3,931,000	0
Deferred State and Local Income Tax Expense (Benefit)									4,662,000		2,916,000	2,150,000	0
Deferred tax expense (benefit)									(8,633,000)		(34,900,000)	1,781,000	0
Income tax expense
Total income tax expense									(8,577,000)	0	(33,538,000)	(60,501,000)	0
Deferred tax assets:
Goodwill, intangible assets, and assets held for sale	0				33,000						0	33,000
Deferred Tax Assets, in Process Research and Development	0				601,000						0	601,000
Deferred revenue	4,176,000				1,056,000						4,176,000	1,056,000
Property, equipment and software (Canada)	0				115,000						0	115,000
Deferred Tax Asset, Allowances	795,000				4,272,000						795,000	4,272,000
Unrealized gain/loss	0				29,000						0	29,000
Deferred Tax Asset, Lease Liability	185,064,000				138,850,000						185,064,000	138,850,000
Deferred Tax Assets, Other	3,463,000				2,000						3,463,000	2,000
Deferred Tax Assets, Net	273,831,000				221,967,000						273,831,000	221,967,000
Deferred Tax Assets, Valuation Allowance	(8,213,000)				(53,004,000)						(8,213,000)	(53,004,000)
Deferred Tax Assets, Net of Valuation Allowance	265,618,000				168,963,000						265,618,000	168,963,000
Deferred tax liabilities:
Property, equipment and software (U.S.)	(78,895,000)				(30,147,000)						(78,895,000)	(30,147,000)
Deferred Tax Liabilities, Goodwill and Intangible Assets	(33,786,000)				(16,678,000)						(33,786,000)	(16,678,000)
Deferred Tax Liabilities, Right-Of-Use Assets	(181,227,000)				(131,637,000)						(181,227,000)	(131,637,000)
Deferred Tax Liabilities, Prepaid Expenses	(4,968,000)				(2,620,000)						(4,968,000)	(2,620,000)
Total deferred tax liabilities	(298,876,000)				(181,082,000)						(298,876,000)	(181,082,000)
Net deferred tax liability	(33,258,000)				(12,119,000)						(33,258,000)	(12,119,000)
Uncertain tax position											4,819,000	0
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Liability for uncertain tax positions, beginning of year				$ 357,000					461,000		357,000
Addition: increases related to current year positions											4,819,000	0
Liability for uncertain tax positions, end of year	4,957,000				357,000						4,957,000	357,000	461,000
Deferred Tax Liabilities, Deferred Expense	500,000										$ 500,000
Tax Receivable Agreement, Percentage of Tax Benefit											40.00%
Deferred Tax Asset, Accrued Expenses	9,976,000				$ 4,212,000						$ 9,976,000	4,212,000
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount											47,000,000
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount Charged To Continuing Operations											45,200,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest									$ (50,019,000)	$ 0	158,428,000	$ (49,557,000)	$ 0
Capital Loss Carryforward
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount											$ 2,200,000
Investor Shares purchased [Member]
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Stock Repurchased During Period, Shares											9,433,332
CARES Act, Income Tax Benefit
Current:
Current tax expense											$ 52,300,000
Tax Receivable Agreement
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Deferred Tax Liabilities, Deferred Expense	17,300,000										17,300,000
Domestic Tax Authority [Member]
Current:
Federal											40,400,000
State and Local Jurisdiction [Member]
Current:
Federal											172,500,000
UNITED STATES
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Effective Income Tax Reconciliation, Uncertain Tax Position											4,800,000
CANADA
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Liability for uncertain tax positions, end of year	$ 200,000										$ 200,000

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($)	8 Months Ended		12 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019
Reconciliation of amounts computed by applying the U.S. federal income tax rate to pretax income from continuing operations
Computed expected income tax expense			$ 33,270,000	$ (10,407,000)
State income taxes, net of federal benefit			5,304,000	(2,083,000)
Effective Income Tax Rate Reconciliation, Deduction, Amount			(27,729,000)	0
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount			2,019,000	0
Nondeductible expenses			197,000	55,000
Stock compensation expense			(900,000)	196,000
Effective Income Tax Rate Reconciliation, Transaction Costs, Amount			858,000	392,000
Effective Income Tax Rate Reconciliation, Disposition of Business, Amount			0	1,062,000
Effective Income Tax Rate Reconciliation, CARES Act			0	(52,337,000)
Effective Income Tax Rate Reconciliation, Tax Cuts and Jobs Act, Non-controlling interest in parent, Amount			0	1,782,000
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount			0	(676,000)
Effective Income Tax Rate Reconciliation, Decrease In Deferred Tax Liability Due To Change In Tax Status			0	(8,882,000)
Effective Income Tax Rate Reconciliation, Change In Deferred Tax Assets, Valuation Allowance Due To Change In Tax Status, Amount			0	8,882,000
Effective Income Tax Rate Reconciliation, Change In Deferred Tax Asset Valuation Allowance, CARES Act, Amount			0	(11,417,000)
Valuation allowance			(45,180,000)	2,456,000
Effective Income Tax Rate Reconciliation, Change In Deferred Tax Liability, Current Year Activity			0	10,254,000
Other			(1,377,000)	222,000
Total income tax expense	$ (8,577,000)	$ 0	$ (33,538,000)	$ (60,501,000)	$ 0

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Jan. 23, 2021	Jan. 15, 2021	Dec. 25, 2021	Mar. 10, 2021	Dec. 26, 2020
Related Party Transaction [Line Items]
Tax Receivable Agreement, Percentage of Tax Benefit			40.00%
Tax Receivable Agreement, Payment to Non-controlling Holders			$ 17,300,000
Common stock			$ 403,000		$ 401,000
Vintage RTO, L.P. ownership [Member]
Related Party Transaction [Line Items]
aggregate voting power			12.30%
Payment to Noncontrolling Holders [Member]
Related Party Transaction [Line Items]
Tax Receivable Agreement, Percentage of Tax Benefit			40.00%
Closing Subscription Agreement [Member]
Related Party Transaction [Line Items]
Ownership Interest			4.00%
January 2021 Underwritten Offering Of Preferred Stock | Former Director
Related Party Transaction [Line Items]
Due to Related Parties		$ 3,000,000
Related Party Transaction, Expenses from Transactions with Related Party		$ 300,000
Line of Credit [Member] | Vitamin Shoppe Credit Facility [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Current Borrowing Capacity				$ 43,000,000
First Lien Term Loan Credit Facility | BRF Finance Co., LLC
Related Party Transaction [Line Items]
Line of Credit Facility, Commitment Fee Amount	$ 100,000,000
Senior Unsecured Term Loan Credit Facility | BRF Finance Co., LLC
Related Party Transaction [Line Items]
Revenue from Related Parties	9,000,000
Line of Credit Facility, Commitment Fee Amount	300,000,000
Alternative First Lien Facility | BRF Finance Co., LLC
Related Party Transaction [Line Items]
Revenue from Related Parties	1,000,000
Line of Credit Facility, Commitment Fee Amount	$ 100,000,000

Segments Narrative (Details)

Segments Narrative (Details)	12 Months Ended
	Dec. 25, 2021segment
Segment Reporting [Abstract]
Number of Reportable Segments	6

Segments Total Revenues by Segm

Segments Total Revenues by Segment (Details) - USD ($) $ in Thousands	3 Months Ended								8 Months Ended		12 Months Ended
	Dec. 25, 2021	Sep. 25, 2021	Jun. 26, 2021	Mar. 27, 2021	Dec. 26, 2020	Sep. 26, 2020	Jun. 27, 2020	Mar. 28, 2020	Dec. 28, 2019	Dec. 29, 2018	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019
Segment Reporting Information [Line Items]
Revenues	$ 942,276	$ 828,826	$ 862,758	$ 621,345	$ 491,534	$ 537,692	$ 497,554	$ 502,947	$ 134,526	$ 0	$ 3,255,204	$ 2,029,727	$ 0
Vitamin Shoppe [Member]
Segment Reporting Information [Line Items]
Revenues									30,574		1,172,725	1,035,964
Liberty Tax [Member]
Segment Reporting Information [Line Items]
Revenues									0			0
Buddy's [Member]
Segment Reporting Information [Line Items]
Revenues									35,722		64,409	97,332
American Freight
Segment Reporting Information [Line Items]
Revenues									68,230		988,892	896,431
Badcock
Segment Reporting Information [Line Items]
Revenues									0		102,057	0
Sylvan
Segment Reporting Information [Line Items]
Revenues									$ 0		$ 9,682	$ 0

Segments Operating Income (Deta

Segments Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended								8 Months Ended		12 Months Ended
	Dec. 25, 2021	Sep. 25, 2021	Jun. 26, 2021	Mar. 27, 2021	Dec. 26, 2020	Sep. 26, 2020	Jun. 27, 2020	Mar. 28, 2020	Dec. 28, 2019	Dec. 29, 2018	Dec. 25, 2021	Dec. 26, 2020	Apr. 30, 2019
Segment Reporting Information [Line Items]
Operating Income (Loss)	$ 60,457	$ 54,763	$ 58,156	$ 52,976	$ 15,899	$ 24,680	$ 14,777	$ (2,845)	$ (43,021)	$ 0	$ 226,351	$ 52,511	$ 0
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)									(28,876)		250,846	66,083
Operating Segments [Member] | Vitamin Shoppe [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)									(13,509)		104,004	5,371
Operating Segments [Member] | Buddy's [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)									3,172		16,685	20,364
Operating Segments [Member] | American Freight
Segment Reporting Information [Line Items]
Operating Income (Loss)									(18,539)		66,541	40,348
Operating Segments [Member] | Pet Supplies Plus
Segment Reporting Information [Line Items]
Operating Income (Loss)									0		41,654	0
Operating Segments [Member] | Badcock
Segment Reporting Information [Line Items]
Operating Income (Loss)									0		22,674	0
Operating Segments [Member] | Sylvan
Segment Reporting Information [Line Items]
Operating Income (Loss)									0		(712)	0
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)									$ (14,145)		$ (24,495)	$ (13,572)

Segments Total Assets (Details)

Segments Total Assets (Details) - USD ($) $ in Thousands	Dec. 25, 2021	Dec. 26, 2020
Segment Reporting Information [Line Items]
Assets	$ 3,913,171	$ 1,847,912
Assets, Continuing Operations		1,749,773
Operating Segments [Member]
Segment Reporting Information [Line Items]
Assets	3,826,288	1,546,577
Operating Segments [Member] | Vitamin Shoppe [Member]
Segment Reporting Information [Line Items]
Assets	596,964	607,148
Operating Segments [Member] | Buddy's [Member]
Segment Reporting Information [Line Items]
Assets	146,033	137,698
Operating Segments [Member] | American Freight
Segment Reporting Information [Line Items]
Assets	959,282	801,731
Operating Segments [Member] | Badcock
Segment Reporting Information [Line Items]
Assets	1,062,310	0
Operating Segments [Member] | Sylvan
Segment Reporting Information [Line Items]
Assets	103,850	0
Operating Segments [Member] | Pet Supplies Plus
Segment Reporting Information [Line Items]
Assets	957,849	0
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Assets	$ 86,883	$ 203,196

Segments Goodwill (Details)

Segments Goodwill (Details) - USD ($) $ in Thousands	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Segment Reporting Information [Line Items]
Goodwill	$ 806,536	$ 448,258	$ 124,521
Vitamin Shoppe [Member]
Segment Reporting Information [Line Items]
Goodwill	1,277	1,277	4,951
Buddy's [Member]
Segment Reporting Information [Line Items]
Goodwill	79,099	79,099	88,542
American Freight
Segment Reporting Information [Line Items]
Goodwill	$ 370,829	$ 367,882	$ 31,028

Subsequent Events (Details)

Subsequent Events (Details)	Dec. 27, 2020business	Dec. 28, 2019USD ($)	Dec. 29, 2018USD ($)	Dec. 25, 2021USD ($)	Dec. 26, 2020USD ($)	Apr. 30, 2019USD ($)	Feb. 22, 2022$ / shares
Subsequent Event [Line Items]
Total income tax expense | $		$ 8,577,000	$ 0	$ 33,538,000	$ 60,501,000	$ 0
Proceeds from Divestiture of Businesses | $				$ 179,471,000
Subsequent Event | Dividend Declared | Common Stock
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share | $ / shares							$ 0.625
Subsequent Event | Dividend Declared | Preferred Stock
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share | $ / shares							$ 0.46875
FFO
Subsequent Event [Line Items]
Number of Businesses Acquired | business	31

Uncategorized Items - tax-20211

Label	Element	Value
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 18,522,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	18,522,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 22,983,000