The Boston Beer Company, Inc. (SAM) 10-Q 21 Jul 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 25, 2022	Jul. 16, 2022
Document Information [Line Items]
Document Transition Report	false
Document Quarterly Report	true
Document Type	10-Q
Document Period End Date	Jun. 25, 2022
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Registrant Name	THE BOSTON BEER COMPANY, INC.
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	1-14092
Entity Incorporation, State or Country Code	MA
Entity Tax Identification Number	04-3284048
Entity Address, Address Line One	One Design Center Place, Suite 850
Entity Address, City or Town	Boston
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02210
City Area Code	617
Local Phone Number	368-5000
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000949870
Current Fiscal Year End Date	--12-26
Trading Symbol	SAM
Security Exchange Name	NYSE
Title of 12(b) Security	Class A Common Stock
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		10,225,572
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,068,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 25, 2022	Dec. 25, 2021
Current Assets:
Cash and cash equivalents	$ 137,801	$ 26,853
Restricted cash	0	39,468
Accounts receivable	119,371	55,022
Inventories	164,247	149,118
Prepaid expenses and other current assets	21,423	21,462
Income tax receivable	6,742	53,418
Total current assets	449,584	345,341
Property, plant and equipment, net	675,208	664,815
Operating right-of-use assets	48,424	52,774
Goodwill	112,529	112,529
Intangible assets	103,550	103,677
Third-party production prepayments	74,227	88,294
Other assets	16,944	19,354
Total assets	1,480,466	1,386,784
Current Liabilities:
Accounts payable	134,215	85,920
Accrued expenses and other current liabilities	148,179	161,552
Current operating lease liabilities	8,535	7,634
Total current liabilities	290,929	255,106
Deferred income taxes, net	90,052	87,495
Non-current operating lease liabilities	49,722	53,849
Other liabilities	5,726	6,925
Total liabilities	436,429	403,375
Commitments and Contingencies (See Note I)
Stockholders' Equity:
Additional paid-in capital	620,877	611,622
Accumulated other comprehensive loss	(215)	(194)
Retained earnings	423,252	371,858
Total stockholders' equity	1,044,037	983,409
Total liabilities and stockholders' equity	1,480,466	1,386,784
Common Class A
Stockholders' Equity:
Common Stock	102	102
Common Class B
Stockholders' Equity:
Common Stock	$ 21	$ 21

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 25, 2022	Dec. 25, 2021
Common Class A
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	22,700,000	22,700,000
Common Stock, shares issued	10,225,061	10,183,801
Common Stock, shares outstanding	10,225,061	10,183,801
Common Class B
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	4,200,000	4,200,000
Common Stock, shares issued	2,068,000	2,068,000
Common Stock, shares outstanding	2,068,000	2,068,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 25, 2022	Jun. 26, 2021
Income Statement [Abstract]
Revenue	$ 655,022	$ 641,314	$ 1,112,310	$ 1,223,023
Less excise taxes	38,779	38,509	65,954	75,138
Net revenue	616,243	602,805	1,046,356	1,147,885
Cost of goods sold	350,468	327,116	607,629	622,566
Gross profit	265,775	275,689	438,727	525,319
Operating expenses:
Advertising, promotional and selling expenses	154,883	161,620	285,498	302,479
General and administrative expenses	38,849	32,960	78,547	64,906
Contract termination costs and other	578	0	5,330	0
Impairment of assets	80	1,004	121	1,231
Total operating expenses	194,390	195,584	369,496	368,616
Operating income	71,385	80,105	69,231	156,703
Other expense:
Interest income (expense)	83	(29)	50	(58)
Other (expense) income	(601)	8	(701)	2
Total other expense	(518)	(21)	(651)	(56)
Income before income tax provision	70,867	80,084	68,580	156,647
Income tax provision	17,518	20,889	17,186	31,887
Net income	$ 53,349	$ 59,195	$ 51,394	$ 124,760
Net income per common share - basic	$ 4.33	$ 4.82	$ 4.18	$ 10.16
Net income per common share - diluted	$ 4.31	$ 4.75	$ 4.15	$ 10.01
Weighted-average number of common shares - basic	12,319	12,283	12,309	12,277
Weighted-average number of common shares - diluted	12,341	12,465	12,341	12,461
Net income	$ 53,349	$ 59,195	$ 51,394	$ 124,760
Other comprehensive (loss) income:
Foreign currency translation adjustment	(71)	15	(21)	35
Total other comprehensive (loss) income, net of tax	(71)	15	(21)	35
Comprehensive income	$ 53,278	$ 59,210	$ 51,373	$ 124,795

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 25, 2022	Jun. 26, 2021
Cash flows provided by operating activities:
Net income	$ 51,394	$ 124,760
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	39,909	34,174
Impairment of assets	121	1,231
Gain) on disposal of property, plant and equipment	(39)	(150)
Change in right-of-use assets	3,990	3,954
Other non-cash expense (income)	54	(98)
Stock-based compensation expense	7,730	10,291
Deferred income taxes	2,557	(39)
Changes in operating assets and liabilities:
Accounts receivable	(64,469)	(35,075)
Inventories	(13,014)	(120,675)
Prepaid expenses, income tax receivable, other current assets and other assets	47,010	(30,804)
Third-party production prepayments	14,067	(17,024)
Accounts payable	48,337	78,801
Accrued expenses, other current liabilities and other liabilities	(13,275)	(14,307)
Change in operating lease liabilities	(2,866)	(4,052)
Net cash provided by operating activities	121,506	30,987
Cash flows used in investing activities:
Purchases of property, plant and equipment	(50,804)	(83,521)
Proceeds from disposal of property, plant and equipment	506	420
Other investing activities		145
Net cash used in investing activities	(50,298)	(82,956)
Cash flows provided by (used in) financing activities:
Proceeds from exercise of stock options and sale of investment shares	4,610	7,944
Net cash paid on note payable and finance leases	(870)	(795)
Line of credit borrowings	30,000
Line of credit repayments	(30,000)
Payment of tax withholding on stock-based payment awards and investment shares	(3,468)	(15,509)
Net cash provided by (used in) financing activities	272	(8,360)
Change in cash and cash equivalents and restricted cash	71,480	(60,329)
Cash and cash equivalents and restricted cash at beginning of year	66,321	163,282
Cash and cash equivalents at end of period	137,801	102,953
Supplemental disclosure of cash flow information:
Income taxes (refunded) paid, net	(43,621)	34,395
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases	3,895	5,212
Operating cash flows from finance leases	42	66
Financing cash flows from finance leases	796	724
Right-of-use-assets obtained in exchange for operating lease obligations		1,961
Change in purchase of property, plant and equipment in accounts payable and accrued expenses	$ 107	$ (6,928)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock Common Class A	Common Stock Common Class B	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment
Balance at Dec. 26, 2020	$ 956,967	$ (54)	$ 100	$ 22	$ 599,737	$ (252)	$ 357,360	$ (54)
Balance (in shares) at Dec. 26, 2020			10,005,000	2,178,000
Net income	65,565						65,565
Stock options exercised and restricted shares activities	1,269		$ 1		1,268
Stock options exercised and restricted shares activities (in shares)			48,000
Stock-based compensation expense	4,957				4,957
Accounting Standards Update [Extensible List]		ASU 2019-12
Foreign currency translation adjustment	20					20
Balance at Mar. 27, 2021	1,028,724		$ 101	$ 22	605,962	(232)	422,871
Balance (in shares) at Mar. 27, 2021			10,053,000	2,178,000
Balance at Dec. 26, 2020	956,967	$ (54)	$ 100	$ 22	599,737	(252)	357,360	$ (54)
Balance (in shares) at Dec. 26, 2020			10,005,000	2,178,000
Net income	124,760
Foreign currency translation adjustment	35
Balance at Jun. 26, 2021	1,084,135		$ 102	$ 21	602,163	(217)	482,066
Balance (in shares) at Jun. 26, 2021			10,166,000	2,078,000
Balance at Mar. 27, 2021	1,028,724		$ 101	$ 22	605,962	(232)	422,871
Balance (in shares) at Mar. 27, 2021			10,053,000	2,178,000
Net income	59,195						59,195
Stock options exercised and restricted shares activities	(9,133)				(9,133)
Stock options exercised and restricted shares activities (in shares)			13,000
Stock-based compensation expense	5,334				5,334
Conversion from Class B to Class A			$ 1	$ (1)
Conversion from Class B to Class A (in shares)			100,000	(100,000)
Foreign currency translation adjustment	15					15
Balance at Jun. 26, 2021	1,084,135		$ 102	$ 21	602,163	(217)	482,066
Balance (in shares) at Jun. 26, 2021			10,166,000	2,078,000
Balance at Dec. 25, 2021	983,409		$ 102	$ 21	611,622	(194)	371,858
Balance (in shares) at Dec. 25, 2021			10,184,000	2,068,000
Net income	(1,955)						(1,955)
Stock options exercised and restricted shares activities	498				498
Stock options exercised and restricted shares activities (in shares)			31,000
Stock-based compensation expense	2,922				2,922
Foreign currency translation adjustment	50					50
Balance at Mar. 26, 2022	984,924		$ 102	$ 21	615,042	(144)	369,903
Balance (in shares) at Mar. 26, 2022			10,215,000	2,068,000
Balance at Dec. 25, 2021	983,409		$ 102	$ 21	611,622	(194)	371,858
Balance (in shares) at Dec. 25, 2021			10,184,000	2,068,000
Net income	$ 51,394
Stock options exercised and restricted shares activities (in shares)	17,592
Foreign currency translation adjustment	$ (21)
Balance at Jun. 25, 2022	1,044,037		$ 102	$ 21	620,877	(215)	423,252
Balance (in shares) at Jun. 25, 2022			10,225,000	2,068,000
Balance at Mar. 26, 2022	984,924		$ 102	$ 21	615,042	(144)	369,903
Balance (in shares) at Mar. 26, 2022			10,215,000	2,068,000
Net income	53,349						53,349
Stock options exercised and restricted shares activities	1,027				1,027
Stock options exercised and restricted shares activities (in shares)			10,000
Stock-based compensation expense	4,808				4,808
Foreign currency translation adjustment	(71)					(71)
Balance at Jun. 25, 2022	$ 1,044,037		$ 102	$ 21	$ 620,877	$ (215)	$ 423,252
Balance (in shares) at Jun. 25, 2022			10,225,000	2,068,000

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 25, 2022
Accounting Policies [Abstract]
Organization and Basis of Presentation	A. Organization and Basis of Presentation The Boston Beer Company, Inc. and certain subsidiaries (the “Company”) are engaged in the business of selling alcohol beverages throughout the United States and in selected international markets, under the trade names “The Boston Beer Company®”, “Twisted Tea Brewing Company®”, “Hard Seltzer Beverage Company”, “Angry Orchard® Cider Company”, “Dogfish Head® Craft Brewery”, “Dogfish Head Distilling Co.”, “Angel City® Brewing Company”, “Coney Island® Brewing Company”, "Green Rebel Brewing Co." and “Bevy Long Drink Co.” The accompanying unaudited condensed consolidated balance sheet as of June 25, 2022, and the unaudited condensed consolidated statements of comprehensive operations, stockholders’ equity, and cash flows for the interim periods ended June 25, 2022 and June 26, 2021 have been prepared by the Company in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnotes normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. All intercompany accounts and transactions have been eliminated. These condensed consolidated financial statements should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 25, 2021. In the opinion of the Company’s management, the Company’s unaudited condensed consolidated balance sheet as of June 25, 2022 and the condensed consolidated statements of comprehensive operations, stockholders’ equity, and cash flows for the interim periods ended June 25, 2022 and June 26, 2021, reflect all adjustments (consisting only of normal and recurring adjustments) necessary to present fairly the results of the interim periods presented. The operating results for the interim periods presented are not necessarily indicative of the results expected for the full year.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 25, 2022
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	B. Recent Accounting Pronouncements Accounting Pronouncements Recently Adopted In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The standard includes multiple key provisions, including removal of certain exceptions to ASC 740, Income Taxes, and simplification in several other areas such as accounting for a franchise tax (or similar tax) that is partially based on income. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company adopted the standard in the first quarter of fiscal 2021 and recorded an adjustment of $ 0.1 million to retained earnings.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 25, 2022
Disaggregation of Revenue [Abstract]
Revenue Recognition	. Revenue Recognition During the twenty-six weeks ended June 25, 2022 and June 26, 2021, approximately 95 % of the Company’s revenue was from shipments of its products to domestic distributors, 4 % from shipments to international distributors, primarily located in Canada, and less than 1 % was from retail beer, cider, and merchandise sales at the Comp any’s retail locations. The Company recognizes revenue when obligations under the terms of a contract with its customer are satisfied; generally, this occurs with the transfer of control of its products. Revenue is measured as the amount of consideration expected to be received in exchange for transferring products. If the conditions for revenue recognition are not met, the Company defers the revenue until all conditions are met. As of June 25, 2022 and December 25, 2021, the Company has deferred $ 14.8 million and $ 8.0 million , respectively, in revenue related to product shipped on or prior to these dates. These amounts are included in accrued expenses and other current liabilities in the accompanying condensed consolidated balance sheets. Customer promotional discount programs are entered into by the Company with distributors for certain periods of time. The reimbursements for discounts to distributors are recorded as reductions to net revenue and were $ 16.6 million and $ 26.6 million for the thirteen and twenty-six weeks ended June 25, 2022, respectively, and $ 18.4 million and $ 41.8 million for the thirteen and twenty-six weeks ended June 26, 2021, respectively. The agreed-upon discount rates are applied to certain distributors' sales to retailers, based on volume metrics, in order to determine the total discounted amount. The computation of the discount allowance requires that management make certain estimates and assumptions that affect the timing and amounts of revenue and liabilities recorded. Actual promotional discounts owed and paid have historically been in line with allowances recorded by the Company; however, the amounts could differ from the estimated allowance. Customer programs and incentives are a common practice in the alcohol beverage industry. Amounts paid in connection with customer programs and incentives are recorded as reductions to net revenue or as advertising, promotional and selling expenses, based on the nature of the expenditure. Customer incentives and other payments made to distributors are primarily based upon performance of certain marketing and advertising activities. Depending on applicable state laws and regulations, these activities promoting the Company's products may include, but are not limited to point-of-sale and merchandise placement, samples, product displays, promotional programs at retail locations and meals, travel and entertainment. Amounts paid to customers in connection with these programs that were recorded as reductions to revenue or as advertising, promotional and selling expenses for the thirteen and twenty-six weeks ended June 25, 2022 were $ 8.1 million and $ 17.1 million , respectively. For the thirteen and twenty-six weeks ended June 25, 2022 the Company recorded certain of these costs in the total amounts of $ 6.5 million a nd $ 13.2 million , respectively, as reductions to net revenue. Amounts paid to customers in connection with these programs for the thirteen and twenty-six weeks ended June 26, 2021 were $ 13.2 million and $ 23.3 million , respectively. For the thirteen and twenty-six weeks ended June 26, 2021, the Company recorded certain of these costs in the total amount of $ 10.9 million and $ 20.1 million, respectively, as reductions to net revenue. Costs recognized in net revenues include, but are not limited to, promotional discounts, sales incentives and certain other promotional activities. Costs recognized in advertising, promotional and selling expenses include point of sale materials, samples and advertising expenditures in local markets. These costs are recorded as incurred, generally when invoices are received; however certain estimates are required at the period end. Estimates are based on historical and projected experience for each type of program or customer and have historically been in line with actual costs incurred.

Inventories

Inventories	6 Months Ended
	Jun. 25, 2022
Inventory Disclosure [Abstract]
Inventories	D. Inventories Inventories consist of raw materials, work in process and finished goods which are stated at the lower of cost, determined on the first-in, first-out basis, or net realizable value. Raw materials principally consist of hops, flavorings, apple juice, other brewing materials and packaging. The Company’s goal is to maintain on hand a supply of at least one year for essential hop varieties, in order to limit the risk of an unexpected reduction in supply. Inventories are generally classified as current assets. The Company classifies hops inventory in excess of two years of forecasted usage in other long-term assets. The cost elements of work in process and finished goods inventory consist of raw materials, direct labor and manufacturing overhead. Inventories consist of the following: June 25, December 25, (in thousands) Current inventory: Raw materials $ 94,574 $ 78,545 Work in process 18,181 17,764 Finished goods 51,492 52,809 Total current inventory 164,247 149,118 Long term inventory 10,540 12,655 Total inventory $ 174,787 $ 161,773 As of June 25, 2022 and Dec ember 25, 2021, the Company has recorded inventory obsolescence reserves of $ 18.2 million and $ 43.1 million, respectively. The reduction in the inventory obsolescence reserves during the twenty-six weeks ended June 25, 2022 was primarily driven by the destruction of inventory that was fully reserved as of December 25, 2021.

Third-Party Production Prepayme

Third-Party Production Prepayments	6 Months Ended
	Jun. 25, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Third-Party Production Prepayments	E. Third-Party Production Prepayments During the twenty-six weeks ended June 25, 2022, the Company brewed and packaged approximately 64 % of its volume at Company-owned breweries. In the normal course of its business, the Company has historically entered into various production arrangements with other brewing companies. Pursuant to these arrangements, the Company generally supplies raw materials and packaging to those brewing companies and incurs conversion fees for labor at the time the liquid is produced and packaged. The Company has made up-front payments that were used for capital improvements at these third-party brewing facilities that it expenses over the period of the contracts. As a result of lower than anticipated demand for certain Truly brand styles and packages, the Company adjusted its volume plans for production at certain third-party facilities beginning in the third quarter of 2021 and into 2022. The Company has also terminated relationships with some of its third-party production suppliers and incurred contract termination costs in doing so. During fiscal 2021, the Company amended its master transaction agreement with City Brewing Company, LLC ("City Brewing") to ensure access to capacity at a new location and continued access at certain existing locations. The amendment became effective during the second quarter of fiscal year 2021, upon the closing of the purchase of the new location by City Brewing. As part of the master transaction agreement, the Company paid $ 10.0 million for capital improvements at the new location during the third quarter of fiscal year 2021 and an additional $ 17.9 million to ensure access to capacity during the fourth quarter of 2021. The agreement additionally includes monthly shortfall fees beginning January 1, 2023. Total third-party production prepayments were $ 74.2 million and $ 88.3 million as of June 25, 2022 and December 25, 2021, res pectively. The Company will expense the total prepaid amount of $ 74.2 million as of June 25, 2022, all of which relates to the master transaction agreement described above and other agreements with City Brewing, as a component of cost of goods sold over the contractual period ending December 31, 2025. At current production volume projections, the Company believes that it will fall short of its future annual volume commitments at certain third-party production facilities, including those that are part of the master transaction agreement described above, and will incur shortfall fees. The Company will expense the shortfall fees during the contractual period when such fees are incurred as a component of cost of goods sold. As of June 25, 2022, if volume for the remaining term of the production arrangements was zero, the contractual shortfall fees would total approximately $ 194 million over the duration of the contracts which have expiration dates through December 31, 2031. At current volume projections the Company anticipates that it will recognize approximately $ 89 million of shortfall fees and expects to record those expenses as follows: Expected Shortfall Fees to be Incurred (in millions) Remainder of 2022 $ 8 2023 26 2024 22 2025 19 2026 6 2027 4 Thereafter 4 Total shortfall fees expected to be incurred $ 89

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 25, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	F. Goodwill and Intangible Assets No impairment of goodwill was recorded in any period. The Company’s intangible assets as of June 25, 2022 and December 25, 2021 were as follows: As of June 25, 2022 As of December 25, 2021 Estimated Gross Accumulated Net Book Gross Accumulated Net Book Life (Years) Value Amortization Value Value Amortization Value (in thousands) Customer Relationships 15 $ 3,800 $ ( 760 ) $ 3,040 $ 3,800 $ ( 633 ) $ 3,167 Trade Names Indefinite 100,510 — 100,510 100,510 — 100,510 Total intangible assets $ 104,310 $ ( 760 ) $ 103,550 $ 104,310 $ ( 633 ) $ 103,677 Amortization expense in the thirteen and twenty-six weeks ended June 25, 2022 was approximately $ 63,000 and $ 127,000 , respectively. The Company expects to record amortization expense as follows over the remaining current year and the five subsequent years: Fiscal Year Amount (in thousands) Remainder of 2022 $ 127 2023 253 2024 253 2025 253 2026 253 2027 253 Thereafter 1,648 Total amortization expense $ 3,040

Net Income per Share

Net Income per Share	6 Months Ended
	Jun. 25, 2022
Earnings Per Share [Abstract]
Net Income per Share	G. Net Income per Share The Company calculates net income per share using the two-class method, which requires the Company to allocate net income to its Class A Common Shares, Class B Common Shares and unvested share-based payment awards that participate in dividends with common stock, in the calculation of net income per share. The Class A Common Stock has no voting rights, except (1) as required by law, (2) for the election of Class A Directors, and (3) that the approval of the holders of the Class A Common Stock is required for (a) certain future authorizations or issuances of additional securities which have rights senior to Class A Common Stock, (b) certain alterations of rights or terms of the Class A or Class B Common Stock as set forth in the Articles of Organization of the Company, (c) other amendments of the Articles of Organization of the Company, (d) certain mergers or consolidations with, or acquisitions of, other entities, and (e) sales or dispositions of any significant portion of the Company’s assets. The Class B Common Stock has full voting rights, including the right to (1) elect a majority of the members of the Company’s Board of Directors and (2) approve all (a) amendments to the Company’s Articles of Organization, (b) mergers or consolidations with, or acquisitions of, other entities, (c) sales or dispositions of any significant portion of the Company’s assets, and (d) equity-based and other executive compensation and other significant corporate matters. The Company’s Class B Common Stock is not listed for trading. Each share of the Class B Common Stock is freely convertible into one share of Class A Common Stock, upon request of the respective Class B holder, and participates equally in dividends. The Company’s unvested share-based payment awards include unvested shares (1) issued under the Company’s investment share program, which permits employees who have been with the Company for at least one year to purchase shares of Class A Common Stock and to purchase those shares at a discount ranging from 20 % to 40 % below market value based on years of employment starting after two years of employment, and (2) awarded as restricted stock awards at the discretion of the Company’s Board of Directors. The investment shares and restricted stock awards generally vest over five years in equal number of shares. The unvested shares participate equally in dividends. See Note M for a discussion of the current year unvested stock awards and issuances. Included in the computation of net income per diluted common share are dilutive outstanding stock options and restricted stock that are vested or expected to vest. At its discretion, the Board of Directors grants stock options and restricted stock to senior management and certain key employees. The terms of the employee stock options are determined by the Board of Directors at the time of grant. To date, stock options granted to employees vest over various service periods and/or based on the attainment of certain performance criteria and generally expire after ten years. In December 2018, the Employee Equity Incentive Plan was amended to permit the grant of restricted stock units. The restricted stock units generally vest over four years in equal number of shares. Each restricted stock unit represents an unfunded and unsecured right to receive one share of Class A Stock upon satisfaction of the vesting criteria. The unvested shares participate equally in dividends and are forfeitable. Prior to March 1, 2019, the Company granted restricted stock awards, generally vesting over five years in equal number of shares. The Company also grants stock options to its non-employee directors upon election or re-election to the Board of Directors. The number of option shares granted to non-employee directors is calculated based on a defined formula and these stock options vest immediately upon grant and expire after ten years. Net Income per Common Share - Basic The following table sets forth the computation of basic net income per share using the two-class method: Thirteen weeks ended Twenty-six weeks ended June 25, June 26, June 25, June 26, (in thousands, except per share data) (in thousands, except per share data) Net income $ 53,349 $ 59,195 $ 51,394 $ 124,760 Allocation of net income for basic: Class A Common Stock $ 44,261 $ 48,710 $ 42,631 $ 102,354 Class B Common Stock 8,956 10,268 8,634 21,893 Unvested participating shares 132 217 129 513 $ 53,349 $ 59,195 $ 51,394 $ 124,760 Weighted average number of shares for basic: Class A Common Stock 10,221 10,108 10,210 10,072 Class B Common Stock* 2,068 2,131 2,068 2,155 Unvested participating shares 30 44 31 50 12,319 12,283 12,309 12,277 Net income per share for basic: Class A Common Stock $ 4.33 $ 4.82 $ 4.18 $ 10.16 Class B Common Stock $ 4.33 $ 4.82 $ 4.18 $ 10.16 *The reduction in Class B Common Stock resulted from the conversion to Class A Common stock during fiscal 2021. Net Income per Common Share - Diluted The Company calculates diluted net income per share for common stock using the more dilutive of (1) the treasury stock method, or (2) the two-class method, which assumes the participating securities are not exercised. The following table sets forth the computation of diluted net income per share, assuming the conversion of all Class B Common Stock into Class A Common Stock for the thirteen and twenty-six weeks ended June 25, 2022 and for the thirteen and twenty-six weeks ended June 26, 2021: Thirteen weeks ended June 25, 2022 June 26, 2021 Earnings to Common EPS Earnings to Common EPS (in thousands, except per share data) As reported - basic $ 44,261 10,221 $ 4.33 $ 48,710 10,108 $ 4.82 Add: effect of dilutive common Share-based awards — 52 — 160 Class B Common Stock 8,956 2,068 10,268 2,131 Net effect of unvested participating 132 — 217 66 Net income per common share - $ 53,349 12,341 $ 4.31 $ 59,195 12,465 $ 4.75 Twenty-six weeks ended June 25, 2022 June 26, 2021 Earnings to Common EPS Earnings to Common EPS (in thousands, except per share data) As reported - basic $ 42,631 10,210 $ 4.18 $ 102,354 10,072 $ 10.16 Add: effect of dilutive common Share-based awards — 63 — 161 Class B Common Stock 8,634 2,068 21,893 2,155 Net effect of unvested participating 129 — 513 73 Net income per common share - $ 51,394 12,341 $ 4.15 $ 124,760 12,461 $ 10.01 During the thirteen and twenty-six weeks ended June 25, 2022, in accordance with the two-class method, weighted-average stock options to purchase approximately 13,000 and 24,000 shares of Class A Common Stock were outstanding but not included in computing dilutive income per common share because their effects were anti-dilutive. Additionally, performance-based stock options to purchase 17,114 shares of Class A Common Stock and 1,348 performance-based stock awards were outstanding as of June 25, 2022 but not included in computing diluted income per common share because the performance criteria were not met as of the end of the reporting period. During the thirteen and twenty-six weeks ended June 26, 2021, in accordance with the treasury stock method, weighted-average stock options to purchase approximately 20,000 and 13,000 shares of Class A Common stock were outstanding but not included in computing dilutive income per common share because their effects were anti-dilutive. Additionally, 1,348 unvested performance-based stock awards of Class A Common Stock were not included in computing diluted income per common share because the performance criteria were not met as of the end of the reporting period.

Comprehensive Income or Loss

Comprehensive Income or Loss	6 Months Ended
	Jun. 25, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Comprehensive Income or Loss	. Comprehensive Income or Loss Comprehensive income or loss represents net income or loss plus or minus foreign currency translation adjustment. The foreign currency translation adjustments for the interim periods ended June 25, 2022 and June 26, 2021 were not material.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 25, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	I. Commitments and Contingencies Contractual Obligations As of June 25, 2022, projected cash outflows under non-cancelable contractual obligations are as follows: Commitments (in thousands) Ingredients and packaging (excluding hops and malt) $ 95,200 Hops and malt 62,590 Brand support 60,809 Equipment and machinery 43,505 Other 40,449 Total commitments $ 302,553 The majority of these contract obligations are for the remaining twenty-seven weeks of fiscal 2022 with the remainder extending no later than the 2026 fiscal year. Litigation The Company is and in the future may be party to legal proceedings and claims, including class action claims, where significant damages are asserted against it. Given the inherent uncertainty of litigation, it is possible that the Company could incur liabilities as a consequence of these claims, which may or may not have a material adverse effect on the Company’s financial condition or the results of its operations. The Company accrues loss contingencies if, in the opinion of management and its legal counsel, the risk of loss is probable and able to be estimated. Material pending legal proceedings are discussed below. Securities Litigation. On September 14, 2021, a purported class action lawsuit was filed by an individual shareholder in the United States District Court for the Southern District of New York against the Company and three of its officers. The complaint alleges claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 between April 22, 2021 and September 8, 2021. The plaintiff claims that defendants made materially false and/or misleading statements or failed to disclose material adverse facts about the Company’s business, operations, and prospects. On October 8, 2021, a nearly identical complaint was filed against the Company by an individual shareholder in the United States District Court for the Southern District of New York. The Court consolidated the two actions and on December 14, 2021 appointed a lead plaintiff, who filed an amended complaint on January 13, 2022. The Company filed a motion to dismiss the amended complaint on March 16, 2022 and is now awaiting the Court's decision. The Company intends to vigorously defend against these claims. A range of potential loss is not estimable at this time.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 25, 2022
Income Tax Disclosure [Abstract]
Income Taxes	J. Income Taxes The following table provides a summary of the income tax provision for the thirteen and twenty-six weeks ended June 25, 2022 and June 26, 2021: Thirteen weeks ended June 25, June 26, (in thousands) Summary of income tax provision Tax provision based on net income $ 18,469 $ 21,315 Benefit of ASU 2016-09 ( 951 ) ( 426 ) Total income tax provision $ 17,518 $ 20,889 Twenty-six weeks ended June 25, 2022 June 26, (in thousands) Summary of income tax provision Tax provision based on net income $ 17,834 $ 40,927 Benefit of ASU 2016-09 ( 648 ) ( 9,040 ) Total income tax provision $ 17,186 $ 31,887 The tax benefit of ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, was $ 1.0 million and $ 0.6 million for the thirteen and twenty-six weeks ended June 25, 2022, respectively, as compared to $ 0.4 million and $ 9.0 million for the thirteen and twenty-six weeks ended June 26, 2021, respectively, primarily due to changes in the stock price and the number of shares exercised . The Company’s effective tax rate, excluding the impact of ASU 2016-09, for the thirteen weeks and twenty-six weeks ended June 25, 2022 was 26.1 % and 26.0 %, respectively, compared to 26.6 % and 26.1 % for the thirteen and twenty-six weeks ended June 26, 2021, respectively, primarily due to a decrease in non-deductible officer compensation . As of June 25, 2022 and December 25, 2021, the Company had approximately $ 0.2 million and $ 0.2 million, respectively, of unrecognized income tax benefits. The Company’s practice is to classify interest and penalties related to income tax matters in income tax expense. As of June 25, 2022 and December 25, 2021, the Company had $ 0.2 million and $ 0.2 million, respectively, accrued for interest and penalties recorded in other liabilities. The Internal Revenue Service completed an examination of the 2015 consolidated corporate income tax return and issued a no change report in 2018. The Company’s state income tax returns remain subject to examination for three or four years depending on the state’s statute of limitations. The Company is not currently under any income tax audits as of June 25, 2022.

Line of Credit

Line of Credit	6 Months Ended
	Jun. 25, 2022
Debt Disclosure [Abstract]
Line of Credit	K. Line of Credit In March 2018, the Company amended its credit facility in place that provides for a $ 150.0 million revolving line of credit to extend the scheduled expiration date to March 31, 2023 . As of June 25, 2022, no borrowings were outstanding. The interest rate for the borrowings withdrawn was less than 1 %. As of June 25, 2022, the Company was not in violation of any of its financial covenants to the lender under the credit facility and the unused balance of $ 150.0 million on the line of credit was available to the Company for future borrowing.

Fair Value Measures

Fair Value Measures	6 Months Ended
	Jun. 25, 2022
Fair Value Disclosures [Abstract]
Fair Value Measures	L. Fair Value Measures The Company defines fair value as the price that would be received to sell an asset or be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company applies the following fair value hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). • Level 1 — Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. • Level 2 — Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability. • Level 3 — Level 3 inputs are unobservable inputs for the asset or liability in which there is little, if any, market activity for the asset or liability at the measurement date. The Company’s money market funds are measured at fair value on a recurring basis (at least annually) and are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The money market funds are invested substantially in United States Treasury and government securities. The Company does not adjust the quoted market price for such financial instruments. Cash, receivables and payables are carried at their cost, which approximates fair value, because of their short-term nature. At June 25, 2022 and December 25, 2021, the Company had money market funds with a “Triple A” rated money market fund. The Company considers the “Triple A” rated money market fund to be a large, highly-rated investment-grade institution. As of June 25, 2022 and December 25, 2021, the Company’s cash and cash equivalents balan ce was $ 137.8 million and $ 26.9 million, respectively, including money market funds amounting to $ 123.6 million and $ 5.8 million, respectively.

Common Stock and Stock-Based Co

Common Stock and Stock-Based Compensation	6 Months Ended
	Jun. 25, 2022
Share-based Payment Arrangement [Abstract]
Common Stock and Stock-Based Compensation	M. Common Stock and Stock-Based Compensation Option Activity Information related to stock options under the Restated Employee Equity Incentive Plan and the Stock Option Plan for Non-Employee Directors is summarized as follows: Shares Weighted- Weighted- Aggregate Outstanding at December 25, 2021 221,354 $ 310.38 Granted 20,924 378.55 Exercised ( 17,592 ) 193.12 Forfeited ( 6,457 ) 299.16 Outstanding at June 25, 2022 218,229 $ 326.70 5.61 $ 19,011 Exercisable at June 25, 2022 115,834 $ 250.18 4.94 $ 12,577 Vested and expected to vest at June 25, 2022 198,774 $ 318.23 5.53 $ 17,789 Of the total options outstanding at June 25, 2 022, 25,171 shares were performance-based options for which the performance criteria had yet to be achieved. On March 1, 2022, the Company granted options to purchase an aggregate of 17,114 shares of the Company’s Class A Common Stock to senior management with a weighted average fair value of $ 178.10 per share and a weighted average exercise price of $ 383.46 per share, of which all shares relate to performance-based stock options. On May 18, 2022, the Company granted options to purchase an aggregate of 3,810 shares of the Company’s Class A Common Stock to the Company’s non-employee Directors. All of the options vested immediately on the date of the grant. These options have a fair value of $ 181.14 per share and an exercise price of $ 356.52 per share. Weighted average assumptions used to estimate fair values of stock options on the date of grants are as follows: 2022 Expected Volatility 38.0 % Risk-free interest rate 2.1 % Expected Dividends 0.0 % Exercise factor 3 Discount for post-vesting restrictions 0.8 % Non-Vested Shares Activity The following table summarizes vesting activities of shares issued under the investment share program and restricted stock awards: Number of Shares Weighted Average Fair Value Non-vested at December 25, 2021 88,848 $ 401.70 Granted 42,560 344.62 Vested ( 32,081 ) 293.84 Forfeited ( 6,092 ) 545.46 Non-vested at June 25, 2022 93,235 $ 409.29 Of the total shares outstanding at June 25 , 2022, 1,348 shares were p erformance-based shares for which the performance criteria had yet to be achieved. On March 1, 2022, the Company granted a combined 31,101 shares of restricted stock units to certain officers, senior managers and key employees, of which all shares vest ratably over service periods of four years . Additionally on March 1, 2022, employees elected to purchase a combined 10,845 shares under the Company’s investment share program. The weighted average fair value of the restricted stock units and investment shares, which are sold to employees at discount under its investment share program, was $ 383.46 and $ 232.41 per share, respectively. Stock-Based Compensation The following table provides information regarding stock-based compensation expense included in operating expenses in the accompanying condensed consolidated statements of comprehensive operations: Thirteen weeks ended Twenty-six weeks ended June 25, June 26, June 25, June 26, (in thousands) (in thousands) Amounts included in advertising, promotional and selling expenses $ 1,494 $ 1,268 $ 2,721 $ 2,940 Amounts included in general and administrative expenses 3,314 4,066 5,009 7,351 Total stock-based compensation expense $ 4,808 $ 5,334 $ 7,730 $ 10,291

Licensing Agreements

Licensing Agreements	6 Months Ended
	Jun. 25, 2022
Licensing agreements [Abstract]
Licensing Agreements	N. Licensing Agreements Beam Suntory Licensing Agreement On July 14, 2021, the Company signed two collaboration agreements with Jim Beam Brands Co. (“Jim Beam”) to develop, market and sell alcohol beverages. These agreements are perpetual, with regular assessments of the partnership performance every 5 years, beginning in Year 5, giving rise to the option to continue agreement terms or terminate the partnership. Under the first of these agreements, the Company is responsible for developing and bringing to market through its distribution network one or more flavored malt beverage products under brand name(s) from the Jim Beam portfolio, beginning with the Sauza brand. Under the second agreement, Jim Beam is responsible for developing and bringing to market through its distribution network one or more full bottled distilled spirits products under brand(s) from the Company’s portfolio, beginning with the Truly brand. The parties began shipping beverages to customers under these agreements during the first quarter of 2022. Under the first agreement, the Company is required to make payments to Jim Beam for their share of the brand contribution of the flavored malt beverages sold by the Company. The brand contribution amounts due to Beam are recorded as a component of costs of goods sold. Under the second agreement, Jim Beam is required to make payments to the Company for the Company’s share of the brand contribution of the full bottled distilled spirits sold by Jim Beam. The Company and Jim Beam also reimburse each other for certain marketing costs as they are incurred. These marketing costs are recorded in advertising, promotional and selling expenses. The Company’s sales of Jim Beam branded flavored malt beverages to third parties and the brand contribution payments received or owed the Company by Jim Beam for the use of the Company’s brand names are recorded within net revenue. Total net revenue recognized under these agreements amounted to less than 1 % of the Company's total net revenues during the thirteen and twenty-six week periods ended June 25, 2022. Pepsi Licensing Agreement On August 9, 2021, the Company signed a series of agreements with PepsiCo, Inc. (“Pepsi”) to develop, market and sell alcohol beverages. The term of this agreement is perpetual, with provisions to terminate within the initial 2 -years for a limited number of reasons. Under this agreement the Company is responsible for developing, manufacturing, and marketing a flavored malt beverage product under Pepsi’s MTN DEW® brand. As part of the agreements, Pepsi provides certain proprietary ingredients and also licenses the Company the use of its MTN DEW® and Hard MTN DEW® trademarks in connection with manufacturing, promoting, marketing, and distributing the developed product through the Pepsi distribution network. The Company retains the right to distribute the developed product through its own distribution network for customers in the on-premise channel. The Company began shipping flavored malt beverages to Pepsi during the first quarter of 2022. Pursuant to the terms of the agreements, the Company makes payments to Pepsi for proprietary ingredients, freight costs to ship the product to Pepsi, and certain marketing services. These costs of the proprietary ingredients above fair market value are recorded within net revenue at the time revenue is recognized for the flavored malt beverages sold to Pepsi. Freight costs and marketing costs are recorded in advertising, promotional and selling expenses. Proprietary ingredients on hand at the end of the period are classified within prepaid expenses and other current assets as of June 25, 2022. Total net revenue recognized under these agreements amounted to less than 2 % of the Company's total net revenues during the thirteen and twenty-six week periods ended June 25, 2022.

Restricted Cash

Restricted Cash	6 Months Ended
	Jun. 25, 2022
Restricted Cash [Abstract]
Restricted Cash	O. Restricted Cash During the year ended December 25, 2021, in accordance with state regulations the Company consolidated their distributor rights within a geographical region by terminating the distribution rights of certain existing distributors (the "terminating distributors") and granting these distribution rights to one existing distributor in the region (the "continuing distributor"). As part of this consolidation process, the Company also entered an indemnification agreement in March 2021 with the continuing distributor. As part of the agreement, the Company is indemnified by the continuing distributor for the fair market value of distribution rights paid to the terminating distributors and all related legal fees. In accordance with state regulations, the Company followed the notification process and the distribution rights transferred on December 22, 2021. The Company received the fair market value payments of $ 39.5 million from the continuing distributor on December 19, 2021 and this amount is recorded in restricted cash and accrued liabilities at December 25, 2021. The Company paid the terminating distributors the fair market value payments of $ 39.5 million on December 28, 2021.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 25, 2022
Related Party Transactions [Abstract]
Related Party Transactions	. Related Party Transactions In connection with the Dogfish Head Transaction, the Company entered into a lease with the Dogfish Head founders for buildings used in certain of the Company’s restaurant operations. The lease is for ten years with renewal options. The total payments due under the initial ten year term is $ 3.6 million. Total related party expense recognized for the thirteen and twenty-six weeks ended June 25, 2022 and June 26, 2021 related to the le ase was approximately $ 91,000 and $ 183,000 , respectively. Additionally, during the thirteen and twenty-six weeks ended June 25, 2022 and June 26, 2021, the Company incurred expenses of less than $ 25,000 and $ 50,000 , respectively, with various other suppliers affiliated with the Dogfish Head founders.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 25, 2022
Subsequent Events [Abstract]
Subsequent Events	Q. Subsequent Events The Company evaluated subsequent events occurring after the balance sheet date and concluded that there were no events of which management was aware that occurred after the balance sheet date that would require any adjustment to or disclosure in the accompanying condensed consolidated financial statements.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 25, 2022
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consist of the following: June 25, December 25, (in thousands) Current inventory: Raw materials $ 94,574 $ 78,545 Work in process 18,181 17,764 Finished goods 51,492 52,809 Total current inventory 164,247 149,118 Long term inventory 10,540 12,655 Total inventory $ 174,787 $ 161,773

Third-Party Production Prepay_2

Third-Party Production Prepayments (Tables)	6 Months Ended
	Jun. 25, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Expected Shortfall Fees to be Incurred	expects to record those expenses as follows: Expected Shortfall Fees to be Incurred (in millions) Remainder of 2022 $ 8 2023 26 2024 22 2025 19 2026 6 2027 4 Thereafter 4 Total shortfall fees expected to be incurred $ 89

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 25, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	The Company’s intangible assets as of June 25, 2022 and December 25, 2021 were as follows: As of June 25, 2022 As of December 25, 2021 Estimated Gross Accumulated Net Book Gross Accumulated Net Book Life (Years) Value Amortization Value Value Amortization Value (in thousands) Customer Relationships 15 $ 3,800 $ ( 760 ) $ 3,040 $ 3,800 $ ( 633 ) $ 3,167 Trade Names Indefinite 100,510 — 100,510 100,510 — 100,510 Total intangible assets $ 104,310 $ ( 760 ) $ 103,550 $ 104,310 $ ( 633 ) $ 103,677
Schedule of amortization expense	The Company expects to record amortization expense as follows over the remaining current year and the five subsequent years: Fiscal Year Amount (in thousands) Remainder of 2022 $ 127 2023 253 2024 253 2025 253 2026 253 2027 253 Thereafter 1,648 Total amortization expense $ 3,040

Net Income per Share (Tables)

Net Income per Share (Tables)	6 Months Ended
	Jun. 25, 2022
Earnings Per Share [Abstract]
Computation of Earnings Per Share, Basic	The following table sets forth the computation of basic net income per share using the two-class method: Thirteen weeks ended Twenty-six weeks ended June 25, June 26, June 25, June 26, (in thousands, except per share data) (in thousands, except per share data) Net income $ 53,349 $ 59,195 $ 51,394 $ 124,760 Allocation of net income for basic: Class A Common Stock $ 44,261 $ 48,710 $ 42,631 $ 102,354 Class B Common Stock 8,956 10,268 8,634 21,893 Unvested participating shares 132 217 129 513 $ 53,349 $ 59,195 $ 51,394 $ 124,760 Weighted average number of shares for basic: Class A Common Stock 10,221 10,108 10,210 10,072 Class B Common Stock* 2,068 2,131 2,068 2,155 Unvested participating shares 30 44 31 50 12,319 12,283 12,309 12,277 Net income per share for basic: Class A Common Stock $ 4.33 $ 4.82 $ 4.18 $ 10.16 Class B Common Stock $ 4.33 $ 4.82 $ 4.18 $ 10.16 *The reduction in Class B Common Stock resulted from the conversion to Class A Common stock during fiscal 2021.
Computation of Diluted Net Income Per Share	The following table sets forth the computation of diluted net income per share, assuming the conversion of all Class B Common Stock into Class A Common Stock for the thirteen and twenty-six weeks ended June 25, 2022 and for the thirteen and twenty-six weeks ended June 26, 2021: Thirteen weeks ended June 25, 2022 June 26, 2021 Earnings to Common EPS Earnings to Common EPS (in thousands, except per share data) As reported - basic $ 44,261 10,221 $ 4.33 $ 48,710 10,108 $ 4.82 Add: effect of dilutive common Share-based awards — 52 — 160 Class B Common Stock 8,956 2,068 10,268 2,131 Net effect of unvested participating 132 — 217 66 Net income per common share - $ 53,349 12,341 $ 4.31 $ 59,195 12,465 $ 4.75 Twenty-six weeks ended June 25, 2022 June 26, 2021 Earnings to Common EPS Earnings to Common EPS (in thousands, except per share data) As reported - basic $ 42,631 10,210 $ 4.18 $ 102,354 10,072 $ 10.16 Add: effect of dilutive common Share-based awards — 63 — 161 Class B Common Stock 8,634 2,068 21,893 2,155 Net effect of unvested participating 129 — 513 73 Net income per common share - $ 51,394 12,341 $ 4.15 $ 124,760 12,461 $ 10.01

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 25, 2022
Commitments and Contingencies Disclosure [Abstract]
Non-cancelable Contractual Obligations	As of June 25, 2022, projected cash outflows under non-cancelable contractual obligations are as follows: Commitments (in thousands) Ingredients and packaging (excluding hops and malt) $ 95,200 Hops and malt 62,590 Brand support 60,809 Equipment and machinery 43,505 Other 40,449 Total commitments $ 302,553

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 25, 2022
Income Tax Disclosure [Abstract]
Significant Components of Provisions for Income Taxes	The following table provides a summary of the income tax provision for the thirteen and twenty-six weeks ended June 25, 2022 and June 26, 2021: Thirteen weeks ended June 25, June 26, (in thousands) Summary of income tax provision Tax provision based on net income $ 18,469 $ 21,315 Benefit of ASU 2016-09 ( 951 ) ( 426 ) Total income tax provision $ 17,518 $ 20,889 Twenty-six weeks ended June 25, 2022 June 26, (in thousands) Summary of income tax provision Tax provision based on net income $ 17,834 $ 40,927 Benefit of ASU 2016-09 ( 648 ) ( 9,040 ) Total income tax provision $ 17,186 $ 31,887

Common Stock and Stock-Based _2

Common Stock and Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 25, 2022
Share-based Payment Arrangement [Abstract]
Summary of Stock Options under Employee Equity Incentive Plan and Stock Option Plan for Non-Employee Directors	Information related to stock options under the Restated Employee Equity Incentive Plan and the Stock Option Plan for Non-Employee Directors is summarized as follows: Shares Weighted- Weighted- Aggregate Outstanding at December 25, 2021 221,354 $ 310.38 Granted 20,924 378.55 Exercised ( 17,592 ) 193.12 Forfeited ( 6,457 ) 299.16 Outstanding at June 25, 2022 218,229 $ 326.70 5.61 $ 19,011 Exercisable at June 25, 2022 115,834 $ 250.18 4.94 $ 12,577 Vested and expected to vest at June 25, 2022 198,774 $ 318.23 5.53 $ 17,789
Weighted Average Assumptions used to Estimate Fair Value of Stock Options	Weighted average assumptions used to estimate fair values of stock options on the date of grants are as follows: 2022 Expected Volatility 38.0 % Risk-free interest rate 2.1 % Expected Dividends 0.0 % Exercise factor 3 Discount for post-vesting restrictions 0.8 %
Summary of Vesting Activities of Shares Issued Under Investment Share Program and Restricted Stock Awards	The following table summarizes vesting activities of shares issued under the investment share program and restricted stock awards: Number of Shares Weighted Average Fair Value Non-vested at December 25, 2021 88,848 $ 401.70 Granted 42,560 344.62 Vested ( 32,081 ) 293.84 Forfeited ( 6,092 ) 545.46 Non-vested at June 25, 2022 93,235 $ 409.29
Stock-Based Compensation Expense Included in Operating Expenses	The following table provides information regarding stock-based compensation expense included in operating expenses in the accompanying condensed consolidated statements of comprehensive operations: Thirteen weeks ended Twenty-six weeks ended June 25, June 26, June 25, June 26, (in thousands) (in thousands) Amounts included in advertising, promotional and selling expenses $ 1,494 $ 1,268 $ 2,721 $ 2,940 Amounts included in general and administrative expenses 3,314 4,066 5,009 7,351 Total stock-based compensation expense $ 4,808 $ 5,334 $ 7,730 $ 10,291

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 25, 2022	Dec. 25, 2021	Mar. 27, 2021
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Adoption of accounting standards, adjustment to retained earnings	$ 423,252	$ 371,858
Cumulative Effect, Period of Adoption, Adjustment | ASU 2019-12
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Adoption of accounting standards, adjustment to retained earnings			$ 100

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 25, 2022	Jun. 26, 2021	Dec. 25, 2021
Disaggregation Of Revenue [Line Items]
Sales to domestic distributors as a percentage of total sales	95%	95%	95%	95%
Sales to foreign distributors as a percentage of total sales	4%	4%	4%	4%
Sales to retail locations as a percentage of total sales	1%	1%	1%	1%
Deferred Revenue, Current	$ 14,800		$ 14,800		$ 8,000
Reimbursements for discounts to distributors	16,600	$ 18,400	26,600	$ 41,800
Advertising, promotional and selling expenses	154,883	161,620	285,498	302,479
Distributors
Disaggregation Of Revenue [Line Items]
Reduction in revenue related to advertising, promotional and selling expenses	6,500	10,900	13,200	20,100
Customers programs and incentives
Disaggregation Of Revenue [Line Items]
Advertising, promotional and selling expenses	$ 8,100	$ 13,200	$ 17,100	$ 23,300

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Jun. 25, 2022	Dec. 25, 2021
Current inventory:
Raw materials	$ 94,574	$ 78,545
Work in process	18,181	17,764
Finished goods	51,492	52,809
Total current inventory	164,247	149,118
Long term inventory	10,540	12,655
Total inventory	$ 174,787	$ 161,773

Inventories - Additional Inform

Inventories - Additional Information (Details) - USD ($) $ in Millions	Jun. 25, 2022	Dec. 25, 2021
Inventory Disclosure [Abstract]
Inventory obsolescence reserves	$ 18.2	$ 43.1

Third-Party Production Prepay_3

Third-Party Production Prepayments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 25, 2021	Sep. 25, 2021	Jun. 25, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of brews and packages			64%
Payments for capital improvements		$ 10,000
Additional payment for accessing facility	$ 17,900
Total third-party production prepayments	88,300		$ 74,200
Total prepaid amount	$ 88,294		74,227
Contractual shortfall fees			194,000
Expected shortfall fees			$ 89,000

Third-Party Production Prepay_4

Third-Party Production Prepayments - Schedule of Expected Shortfall Fees to be Incurred (Detail) $ in Millions	Jun. 25, 2022 USD ($)
Contractual Obligation, Fiscal Year Maturity [Abstract]
Remainder of 2022	$ 8
2023	26
2024	22
2025	19
2026	6
2027	4
Thereafter	4
Total shortfall fees expected to be incurred	$ 89

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 25, 2022	Jun. 25, 2022	Dec. 25, 2021
Impairment of goodwill		$ 0	$ 0
Intangible assets amortization	$ 63,000	$ 127,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 25, 2022	Dec. 25, 2021
Gross Carrying Value	$ 104,310	$ 104,310
Accumulated Amortization	(760)	(633)
Net Book Value	$ 103,550	103,677
Customer Relationships
Estimated Useful Life	15 years
Gross Carrying Value	$ 3,800	3,800
Accumulated Amortization	(760)	(633)
Net Book Value	3,040	3,167
Trade Names
Gross Carrying Value	100,510	100,510
Net Book Value	$ 100,510	$ 100,510

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Amortization Expense (Detail) $ in Thousands	Jun. 25, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 127
2023	253
2024	253
2025	253
2026	253
2027	253
'Thereafter	1,648
Total amortization expense	$ 3,040

Net Income per Share - Addition

Net Income per Share - Additional Information (Detail) - shares					3 Months Ended		6 Months Ended
	Mar. 01, 2022	Mar. 01, 2020	Mar. 01, 2019	Jan. 01, 2019	Jun. 25, 2022	Jun. 26, 2021	Jun. 25, 2022	Jun. 26, 2021	Dec. 25, 2021
Earnings Per Share Note [Line Items]
Stock option outstanding					218,229		218,229		221,354
Common Class A
Earnings Per Share Note [Line Items]
Antidilutive securities excluded from computation of earnings per share					13,000	20,000	24,000	13,000
Investment Share Program
Earnings Per Share Note [Line Items]
Vesting period							5 years
Investment Share Program | Minimum
Earnings Per Share Note [Line Items]
Requirement tenure of employee for investment share program, purchase shares at discount							1 year
Discount from current market value							20%
Investment Share Program | Maximum
Earnings Per Share Note [Line Items]
Requirement tenure of employee for investment share program, purchase shares at discount							2 years
Discount from current market value							40%
Restricted Stock Awards
Earnings Per Share Note [Line Items]
Vesting period	4 years	4 years	4 years	5 years
Performance Based Awards
Earnings Per Share Note [Line Items]
Stock option outstanding					1,348		1,348
Performance Based Awards | Common Class A
Earnings Per Share Note [Line Items]
Number of shares not included because the performance criteria was not expected to be met							17,114
Unvested Performance-Based Stock Awards | Common Class A
Earnings Per Share Note [Line Items]
Antidilutive securities excluded from computation of earnings per share								1,348

Net Income per Share - Computat

Net Income per Share - Computation of Earnings Per Share, Basic (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 25, 2022	Mar. 26, 2022	Jun. 26, 2021	Mar. 27, 2021	Jun. 25, 2022	Jun. 26, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ 53,349	$ (1,955)	$ 59,195	$ 65,565	$ 51,394	$ 124,760
Allocation of net income for basic:
Allocation of net income for basic common stock	$ 53,349		$ 59,195		$ 51,394	$ 124,760
Weighted average number of shares for basic:
Weighted-average number of common shares — basic	12,319		12,283		12,309	12,277
Net income per share for basic:
Net income per common share - basic	$ 4.33		$ 4.82		$ 4.18	$ 10.16
Common Class A
Allocation of net income for basic:
Allocation of net income for basic common stock	$ 44,261		$ 48,710		$ 42,631	$ 102,354
Weighted average number of shares for basic:
Weighted-average number of common shares — basic	10,221		10,108		10,210	10,072
Net income per share for basic:
Net income per common share - basic	$ 4.33		$ 4.82		$ 4.18	$ 10.16
Common Class B
Allocation of net income for basic:
Allocation of net income for basic common stock	$ 8,956		$ 10,268		$ 8,634	$ 21,893
Weighted average number of shares for basic:
Weighted-average number of common shares — basic	2,068		2,131		2,068	2,155
Net income per share for basic:
Net income per common share - basic	$ 4.33		$ 4.82		$ 4.18	$ 10.16
Unvested participating shares
Allocation of net income for basic:
Allocation of net income for basic unvested participating shares	$ 132		$ 217		$ 129	$ 513
Weighted average number of shares for basic:
Weighted-average number of common shares — basic	30		44		31	50

Net Income per Share - Comput_2

Net Income per Share - Computation of Diluted Net Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 25, 2022	Jun. 26, 2021
Schedule Of Earnings Per Share Basic And Diluted By Common Class [Line Items]
Earnings to Common Shareholders, As reported - basic	$ 53,349	$ 59,195	$ 51,394	$ 124,760
Weighted-average number of common shares — basic	12,319	12,283	12,309	12,277
EPS, As reported - basic	$ 4.33	$ 4.82	$ 4.18	$ 10.16
Add: effect of dilutive common shares Share-based awards	52	160	63	161
Earnings to Common Shareholders, Net effect of unvested participating shares	$ 132	$ 217	$ 129	$ 513
Common Shares, Net effect of unvested participating shares		66		73
Net Income Available to Common Stockholders, Diluted, Total	$ 53,349	$ 59,195	$ 51,394	$ 124,760
Weighted Average Number of Shares Outstanding, Diluted, Total	12,341	12,465	12,341	12,461
EPS, Net income per common share - diluted	$ 4.31	$ 4.75	$ 4.15	$ 10.01
Common Class A
Schedule Of Earnings Per Share Basic And Diluted By Common Class [Line Items]
Earnings to Common Shareholders, As reported - basic	$ 44,261	$ 48,710	$ 42,631	$ 102,354
Weighted-average number of common shares — basic	10,221	10,108	10,210	10,072
EPS, As reported - basic	$ 4.33	$ 4.82	$ 4.18	$ 10.16
Common Class B
Schedule Of Earnings Per Share Basic And Diluted By Common Class [Line Items]
Earnings to Common Shareholders, As reported - basic	$ 8,956	$ 10,268	$ 8,634	$ 21,893
Weighted-average number of common shares — basic	2,068	2,131	2,068	2,155
EPS, As reported - basic	$ 4.33	$ 4.82	$ 4.18	$ 10.16
Earnings to Common Shareholders, Class B Common Stock	$ 8,956	$ 10,268	$ 8,634	$ 21,893
Class B Common Stock	2,068	2,131	2,068	2,155

Commitments and Contingencies -

Commitments and Contingencies - Summary of Non-cancelable Contractual Obligations (Detail) $ in Thousands	Jun. 25, 2022 USD ($)
Long-term Purchase Commitment [Line Items]
Commitments	$ 302,553
Equipment and machinery
Long-term Purchase Commitment [Line Items]
Commitments	43,505
Ingredients and Packaging (excluding hops and malt)
Long-term Purchase Commitment [Line Items]
Commitments	95,200
Brand Support
Long-term Purchase Commitment [Line Items]
Commitments	60,809
Hops and Malt
Long-term Purchase Commitment [Line Items]
Commitments	62,590
Other
Long-term Purchase Commitment [Line Items]
Commitments	$ 40,449

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail)	6 Months Ended
	Jun. 25, 2022
Long-term Commitment (Excluding Unconditional Purchase Obligation) [Abstract]
Loss contingency, actions taken by court	The Court consolidated the two actions and on December 14, 2021 appointed a lead plaintiff, who filed an amended complaint on January 13, 2022. The Company filed a motion to dismiss the amended complaint on March 16, 2022 and is now awaiting the Court's decision.

Income Taxes - Summary of Incom

Income Taxes - Summary of Income Tax Provision (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 25, 2022	Jun. 26, 2021
Summary of income tax provision
Tax provision based on net income	$ 18,469	$ 21,315	$ 17,834	$ 40,927
Benefit of ASU 2016-09	(951)	(426)	(648)	(9,040)
Total income tax provision	$ 17,518	$ 20,889	$ 17,186	$ 31,887

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 25, 2022	Jun. 26, 2021	Dec. 25, 2021
Income Taxes [Line Items]
Unrecognized income tax benefits	$ 200		$ 200		$ 200
Accrued interest and penalties	200		200		$ 200
Tax benefit of improvements to employee share-based payment	$ (951)	$ (426)	$ (648)	$ (9,040)
Percentage of tax provision	26.10%	26.60%	26%	26.10%
ASU 2016-09
Income Taxes [Line Items]
Increase decrease in tax benefit during period from share based compensation arrangement	$ 1,000	$ 400	$ 600	$ 9,000
State and Local Jurisdiction
Income Taxes [Line Items]
Income tax return examination			The Internal Revenue Service completed an examination of the 2015 consolidated corporate income tax return and issued a no change report in 2018. The Company’s state income tax returns remain subject to examination for three or four years depending on the state’s statute of limitations.
State and Local Jurisdiction | Minimum
Income Taxes [Line Items]
Income tax return examination period			3 years
State and Local Jurisdiction | Maximum
Income Taxes [Line Items]
Income tax return examination period			4 years

Line of Credit - Additional Inf

Line of Credit - Additional Information (Detail)	6 Months Ended
	Jun. 25, 2022 USD ($)
Debt Instrument [Line Items]
Credit facility, borrowing outstanding	$ 0
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, current borrowing capacity	$ 150,000,000
Line of credit, expiration date	Mar. 31, 2023
Line of credit, remaining borrowing capacity	$ 150,000,000
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Line of credit facility, interest rate during period	1%

Fair Value Measures - Additiona

Fair Value Measures - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 25, 2022	Dec. 25, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 137,801	$ 26,853
Money market fund	$ 123,600	$ 5,800

Common Stock and Stock-Based _3

Common Stock and Stock-Based Compensation - Summary of Stock Options under Employee Equity Incentive Plan and Stock Option Plan for Non-Employee Directors (Detail) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 25, 2022
Shares
Outstanding at beginning of period	221,354
Granted	20,924
Exercised	(17,592)
Forfeited	(6,457)
Outstanding at end of period	218,229
Exercisable at end of period	115,834
Vested and expected to vest at end of period	198,774
Weighted-Average Exercise Price
Outstanding at beginning of period	$ 310.38
Granted	378.55
Exercised	193.12
Forfeited	299.16
Outstanding at end of period	326.70
Exercisable at end of period	250.18
Vested and expected to vest at end of period	$ 318.23
Weighted-Average Remaining Contractual Term
Outstanding at end of period	5 years 7 months 9 days
Exercisable at end of period	4 years 11 months 8 days
Vested and expected to vest at end of period	5 years 6 months 10 days
Aggregate Intrinsic Value
Outstanding at end of period	$ 19,011
Exercisable at end of period	12,577
Vested and expected to vest at end of period	$ 17,789

Common Stock and Stock-Based _4

Common Stock and Stock-Based Compensation - Additional Information (Detail) - $ / shares						6 Months Ended
	May 18, 2022	Mar. 01, 2022	Mar. 01, 2020	Mar. 01, 2019	Jan. 01, 2019	Jun. 25, 2022	Dec. 25, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option outstanding						218,229	221,354
Options granted in period - weighted average exercise price						$ 378.55
Other than options granted in period						42,560
Weighted average fair value of stock awards						$ 344.62
Non-Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period	3,810
Options granted in period - weighted average fair value	$ 181.14
Options granted in period - weighted average exercise price	$ 356.52
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other than options granted in period		31,101
Vesting period		4 years	4 years	4 years	5 years
Weighted average fair value of stock awards		$ 383.46
Performance Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option outstanding						25,171
Total shares outstanding						1,348
Performance Based Awards | Employee Stock Compensation Plan | Senior Management
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period		17,114
Options granted in period - weighted average fair value		$ 178.10
Options granted in period - weighted average exercise price		$ 383.46
Investment Share Program | Employee Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares employees elected to purchase		10,845
Weighted average fair value of stock awards		$ 232.41

Common Stock and Stock-Based _5

Common Stock and Stock-Based Compensation - Summary Of Weighted Average Assumptions used to Estimate Fair Value of Stock Options (Detail)	6 Months Ended
	Jun. 25, 2022 Time
Share-based Payment Arrangement [Abstract]
Expected Volatility	38%
Risk-free interest rate	2.10%
Expected Dividends	0%
Exercise factor	3
Discount for post-vesting restrictions	0.80%

Common Stock and Stock-Based _6

Common Stock and Stock-Based Compensation - Summary of Vesting Activities of Shares Issued Under Investment Share Program and Restricted Stock Awards (Detail)	6 Months Ended
	Jun. 25, 2022 $ / shares shares
Share-based Payment Arrangement [Abstract]
Non-vested at beginning of period | shares	88,848
Granted | shares	42,560
Vested | shares	(32,081)
Forfeited | shares	(6,092)
Non-vested at end of period | shares	93,235
Non-vested at beginning of period | $ / shares	$ 401.70
Granted | $ / shares	344.62
Vested | $ / shares	293.84
Forfeited | $ / shares	545.46
Non-vested at end of period | $ / shares	$ 409.29

Common Stock and Stock-Based _7

Common Stock and Stock-Based Compensation - Stock-Based Compensation Expense Included in Operating Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 25, 2022	Jun. 26, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 4,808	$ 5,334	$ 7,730	$ 10,291
Advertising, promotional and selling expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	1,494	1,268	2,721	2,940
General and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 3,314	$ 4,066	$ 5,009	$ 7,351

Licensing Agreements - Addition

Licensing Agreements - Additional Information (Detail) - Agreement			3 Months Ended	6 Months Ended
	Aug. 09, 2021	Jul. 14, 2021	Jun. 25, 2022	Jun. 25, 2022
Jim Beam | Beam Suntory Licensing Agreement
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of license agreements		2
License agreement term		5 years
Maximum percentage of shipments of beverages under license agreement			1%	1%
Pepsi | Pepsi Licensing Agreement
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Term of license agreement option to terminate	2 years
Maximum percentage of shipments of beverages under license agreement			2%	2%

Restricted Cash - Additional In

Restricted Cash - Additional Information (Details) - USD ($) $ in Thousands	Dec. 28, 2021	Jun. 25, 2022	Dec. 25, 2021
Cash and Cash Equivalents [Abstract]
Received fair market value of payments from continuing distributors		$ 0	$ 39,468
Fair market value of amount paid to terminating distributor	$ 39,500

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - Dogfish Head Brewery - USD ($)	3 Months Ended		6 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 25, 2022	Jun. 26, 2021
Related Party Transaction [Line Items]
Lease term of contract	10 years		10 years
Total payments due	$ 3,600,000		$ 3,600,000
Related party expense	91,000	$ 183,000	91,000	$ 183,000
Transaction with related party expenses	$ 25,000	$ 50,000	$ 25,000	$ 50,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) $ in Thousands	6 Months Ended
	Jun. 25, 2022 USD ($)
Subsequent Event [Line Items]
Line of credit repayments	$ 30,000