0001528930-22-000004 | 10-K | XBRL Viewer

Consolidated Statement of Stockholders' Equity - USD ($)	Total	Cumulative Effect, Period of Adoption, Adjustment	Parent	Parent Cumulative Effect, Period of Adoption, Adjustment	Additional paid-in capital	Accumulated other comprehensive income (loss), net	Retained earnings	Retained earnings Cumulative Effect, Period of Adoption, Adjustment	Exchangeable shares	Noncontrolling Interest [Member]	Preferred Stock	Common Stock	Class A Common stock Common Stock	Class B Common stock Common Stock	Exchangeable shares	Exchangeable shares Exchangeable shares	Preferred Stock Preferred 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 Stock Parent	Buddy's [Member] Preferred Stock Additional paid-in capital	Buddy's [Member] Preferred Stock Preferred 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

Stockholders' Equity (Details) - USD ($)				3 Months Ended								8 Months Ended		12 Months Ended
Stockholders' Equity (Details) - USD ($)	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														$ 10,000,000.0
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	$ 25.00
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

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

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)

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 March 10, 2021
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 - 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

Stock Compensation Plan (Details 2)	12 Months Ended
Stock Compensation Plan (Details 2)	Dec. 25, 2021 $ / shares shares
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)	0.00
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

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

Acquisitions Buddy's (Details) - USD ($) $ in Thousands	12 Months Ended
Acquisitions Buddy's (Details) - USD ($) $ in Thousands	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)

Long-Term Obligations (Details) - USD ($)				8 Months Ended		12 Months Ended
Long-Term Obligations (Details) - USD ($)	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				219,000,000.0
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	$ 31,000,000.0
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			100,000,000.0
Debt Instrument, Face Amount			$ 150,000,000.0
Debt Instrument, Covenant, Event Of Default, Additional Interest, If Criteria Met, Percentage			2.00%
Proceeds from Lines of Credit						20,000,000.0
Term Loan [Member]
Debt Instrument [Line Items]
Long-term Debt						1,435,928,000	491,836,000
Debt Instrument, Repurchased Face Amount			$ 37,000,000.0
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						$ 425,000,000.0
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									$ 150,000,000.0
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						300,000,000.0
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			$ 43,000,000.0
Debt Issuance Costs, Written-Off			$ 1,200,000

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)

Subsequent Events	12 Months Ended
Subsequent Events	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.

Acquisitions - American Freight (Details)			12 Months Ended
Acquisitions - American Freight (Details)	Mar. 10, 2021 USD ($)	Dec. 27, 2020 USD ($) business	Dec. 25, 2021 USD ($)	Dec. 26, 2020 USD ($)	Nov. 24, 2021 USD ($)	Sep. 27, 2021 USD ($)	Dec. 28, 2019 USD ($)
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	37,000,000.0
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

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: