XML 44 R35.htm IDEA: XBRL DOCUMENT v3.23.2
Leases (Tables)
6 Months Ended
Jul. 15, 2023
Leases [Abstract]  
Lease Modifications and Renewals and Lease Terminations

The following table details lease modifications and renewals and lease terminations (amounts in thousands):

 

 

 

For the Twelve Weeks Ended

 

 

For the Twenty-Eight Weeks Ended

 

 

 

July 15, 2023

 

 

July 16, 2022

 

 

July 15, 2023

 

 

July 16, 2022

 

Lease modifications and renewals

 

$

7,417

 

 

$

4,839

 

 

$

24,765

 

 

$

18,654

 

Lease terminations

 

$

169

 

 

$

4,704

 

 

$

205

 

 

$

5,728

 

Lease Costs Incurred By Lease Type, and/or Type Of Payment

Lease costs incurred by lease type, and/or type of payment, and other supplemental quantitative disclosures as of and for the twelve and twenty-eight weeks ended July 15, 2023 and July 16, 2022 were as follows (amounts in thousands):

 

 

 

For the Twelve Weeks Ended

 

 

For the Twenty-Eight Weeks Ended

 

 

 

July 15, 2023

 

 

July 16, 2022

 

 

July 15, 2023

 

 

July 16, 2022

 

Lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

393

 

 

$

393

 

 

$

917

 

 

$

917

 

Interest on lease liabilities

 

 

9

 

 

 

22

 

 

 

25

 

 

 

57

 

Operating lease cost

 

 

14,497

 

 

 

14,631

 

 

 

33,815

 

 

 

34,279

 

Short-term lease cost

 

 

787

 

 

 

675

 

 

 

1,612

 

 

 

1,373

 

Variable lease cost

 

 

8,789

 

 

 

8,223

 

 

 

19,713

 

 

 

17,861

 

Total lease cost

 

$

24,475

 

 

$

23,944

 

 

$

56,082

 

 

$

54,487

 

Other Supplemental Quantitative Disclosures

 

 

For the Twenty-Eight Weeks Ended

 

 

 

July 15, 2023

 

 

July 16, 2022

 

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

 

 

 

 

 

 

Operating cash flows from financing leases

 

$

25

 

 

$

57

 

Operating cash flows from operating leases

 

$

36,627

 

 

$

32,101

 

Financing cash flows from financing leases

 

$

1,052

 

 

$

864

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

25,193

 

 

$

16,217

 

 

Weighted-average remaining lease term (years):

 

 

 

Financing leases

 

 

0.7

 

Operating leases

 

 

7.5

 

Weighted-average IBR (percentage):

 

 

 

Financing leases

 

 

3.4

 

Operating leases

 

 

3.9

 

Estimated Undiscounted Future Lease Payments Under Non-Cancelable Operating Leases and Financing Leases with Reconciliation of Undiscounted Cash Flows

Estimated undiscounted future lease payments under non-cancelable operating leases and financing leases, along with a reconciliation of the undiscounted cash flows to operating and financing lease liabilities, respectively, as of July 15, 2023 (in thousands) were as follows:

 

 

 

Operating lease
liabilities

 

 

Financing lease
liabilities

 

Remainder of 2023

 

$

26,089

 

 

$

753

 

2024

 

 

57,418

 

 

 

104

 

2025

 

 

54,865

 

 

 

 

2026

 

 

38,182

 

 

 

 

2027

 

 

32,414

 

 

 

 

2028 and thereafter

 

 

119,949

 

 

 

 

Total minimum lease payments

 

 

328,917

 

 

 

857

 

Less: amount of lease payments representing interest

 

 

(48,223

)

 

 

(9

)

Present value of future minimum lease payments

 

 

280,694

 

 

 

848

 

Less: current obligations under leases

 

 

(49,882

)

 

 

(807

)

Long-term lease obligations

 

$

230,812

 

 

$

41