Lease Commitments

12 Months Ended

Dec. 25, 2016

We have operating leases related to the majority of our restaurants and corporate offices that have various expiration dates. We have capital leases related to some of our restaurants and we also have certain leases where we are the deemed accounting owner and record the transaction as deemed landlord financing. Most of these leases contain renewal options. In addition to base rents, leases typically require us to pay our share of common area maintenance, insurance, real estate taxes, and other operating costs. Certain leases also include provisions for contingent rentals based upon sales.

Future minimum rental payments due under noncancelable operating leases, capital leases, deemed landlord financings and commitments for restaurants under development as of December 25, 2016 were as follows:



	Operating leases		Capital leases		Deemed landlord financing		Restaurants under development
Fiscal year ending:
2017	$	85,498	4,949		1,483		1,104
2018	83,540		5,003		1,497		1,835
2019	78,283		5,063		1,510		1,841
2020	70,997		4,966		1,518		1,846
2021	61,184		4,841		1,574		1,852
Thereafter	328,846		21,541		7,134		17,302
Total future minimum lease payments	$	708,348	46,363		14,716		25,780
Less amounts representing interest	—		(14,426	)	(10,097	)	—
Present value of obligations	—		31,937		4,619		—

In 2016, 2015, and 2014, we rented office space and restaurant space under operating leases. Rent expense, excluding our proportionate share of real estate taxes and building operating expenses, was as follows:



	Fiscal Years Ended
	December 25, 2016		December 27, 2015	December 28, 2014
Minimum rents	$	84,658	75,515	61,286
Percentage rents	1,468		1,409	1,019
Total	$	86,126	76,924	62,305
Equipment and auto leases	$	2,011	1,411	1,194