XML 44 R35.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Leases (Tables)
4 Months Ended
Apr. 20, 2024
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 Sixteen Weeks Ended

 

 

 

April 20, 2024

 

 

April 22, 2023

 

Lease modifications and renewals

 

$

16,465

 

 

$

17,348

 

Lease terminations

 

$

1,331

 

 

$

36

 

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 sixteen weeks ended April 20, 2024 and April 22, 2023 were as follows (amounts in thousands):

 

 

 

For the Sixteen Weeks Ended

 

 

 

April 20, 2024

 

 

April 22, 2023

 

Lease cost:

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

87

 

 

$

524

 

Interest on lease liabilities

 

 

2

 

 

 

16

 

Operating lease cost

 

 

21,079

 

 

 

19,318

 

Short-term lease cost

 

 

703

 

 

 

825

 

Variable lease cost

 

 

13,777

 

 

 

10,924

 

Total lease cost

 

$

35,648

 

 

$

31,607

 

 

 

 

For the Sixteen Weeks Ended

 

 

 

April 20, 2024

 

 

April 22, 2023

 

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

 

 

 

 

 

 

Operating cash flows from financing leases

 

$

2

 

 

$

16

 

Operating cash flows from operating leases

 

$

22,461

 

 

$

21,134

 

Financing cash flows from financing leases

 

$

95

 

 

$

599

 

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

 

$

140

 

 

$

 

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

 

$

27,003

 

 

$

17,628

 

Other Supplemental Quantitative Disclosures

Weighted-average remaining lease term (years):

 

 

 

Financing leases

 

 

1.5

 

Operating leases

 

 

7.1

 

Weighted-average IBR (percentage):

 

 

 

Financing leases

 

 

2.9

 

Operating leases

 

 

4.3

 

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 April 20, 2024 (in thousands) were as follows:

 

 

 

Operating lease
liabilities

 

 

Financing lease
liabilities

 

Remainder of 2024

 

$

47,991

 

 

$

142

 

2025

 

 

68,777

 

 

 

26

 

2026

 

 

50,752

 

 

 

15

 

2027

 

 

42,644

 

 

 

10

 

2028

 

 

33,239

 

 

 

4

 

2029 and thereafter

 

 

111,647

 

 

 

 

Total minimum lease payments

 

 

355,050

 

 

 

197

 

Less: amount of lease payments representing interest

 

 

(50,053

)

 

 

(4

)

Present value of future minimum lease payments

 

 

304,997

 

 

 

193

 

Less: current obligations under leases

 

 

(57,610

)

 

 

(153

)

Long-term lease obligations

 

$

247,387

 

 

$

40