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Lease Commitments
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease Commitments

Note 5    Lease Commitments

The following is a schedule of the lease costs included in “Operating, general and administrative expenses” for the fiscal years ended December 31, 2022, December 25, 2021 and December 26, 2020.

53 Weeks Ended

52 Weeks Ended

(amounts in thousands)

December 31, 2022

December 25, 2021

December 26, 2020

Operating lease cost

$

48,289

$

45,435

$

46,283

Variable lease cost

11,221

10,875

11,167

Lease or sublease income

(9,744)

(10,055)

(8,636)

Net lease cost

$

49,766

$

46,255

$

48,814

The following is a schedule by year of the future minimum rental payments required under operating leases and total minimum sublease and lease rental income to be received as of December 31, 2022.

(amounts in thousands)

    

Leases

    

Subleases

2023

$

48,090

(4,363)

2024

42,838

(3,504)

2025

35,116

(2,925)

2026

26,841

(2,166)

2027

19,005

(1,721)

Thereafter

36,677

(4,902)

Total Lease Payments

$

208,567

(19,581)

Less: Interest

22,616

Present value of lease liabilities

185,951

(19,581)

The following is a schedule of weighted-average remaining lease terms and weighted-average discount rates as of December 31, 2022, December 25, 2021, and December 26, 2020.

Lease Term and Discount Rate

    

December 31, 2022

    

December 25, 2021

    

December 26, 2020

Weighted-average remaining lease term

3.85

4.11

4.06

Weighted-average discount rate

2.81%

2.73%

3.36%

The following is a schedule of supplemental cash flow information related to leases as of December 31, 2022, December 25, 2021, and December 26, 2020.

(amounts in thousands)

    

December 31, 2022

    

December 25, 2021

    

December 26, 2020

Cash paid for amounts included in the measurement of operating lease liabilities

48,744

47,799

48,045

Right of use assets obtained in exchange for operating lease liabilities

27,364

31,663

28,758