XML 47 R37.htm IDEA: XBRL DOCUMENT v3.25.1
Leases (Tables)
4 Months Ended
Apr. 19, 2025
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 19, 2025

 

 

April 20, 2024

 

Lease modifications and renewals

 

$

6,980

 

 

$

16,465

 

Lease terminations

 

$

55

 

 

$

1,331

 

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 19, 2025 and April 20, 2024, respectively, were as follows (amounts in thousands):

 

 

 

For the Sixteen Weeks Ended

 

 

 

April 19, 2025

 

 

April 20, 2024

 

Lease cost:

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

21

 

 

$

87

 

Interest on lease liabilities

 

 

2

 

 

 

2

 

Operating lease cost

 

 

27,806

 

 

 

21,079

 

Short-term lease cost

 

 

3,669

 

 

 

703

 

Variable lease cost

 

 

11,972

 

 

 

13,777

 

Total lease cost

 

$

43,470

 

 

$

35,648

 

Other Supplemental Quantitative Disclosures

 

 

For the Sixteen Weeks Ended

 

 

 

April 19, 2025

 

 

April 20, 2024

 

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

 

 

 

 

 

 

Operating cash flows from financing leases

 

$

2

 

 

$

2

 

Operating cash flows from operating leases

 

$

30,463

 

 

$

22,461

 

Financing cash flows from financing leases

 

$

20

 

 

$

95

 

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

 

$

129

 

 

$

140

 

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

 

$

25,466

 

 

$

27,003

 

 

Weighted-average remaining lease term (years):

 

 

 

Financing leases

 

 

4.1

 

Operating leases

 

 

6.0

 

Weighted-average IBR (percentage):

 

 

 

Financing leases

 

 

4.8

 

Operating leases

 

 

5.2

 

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 19, 2025 (in thousands) were as follows:

 

 

 

Operating lease
liabilities

 

 

Financing lease
liabilities

 

Remainder of 2025

 

$

67,682

 

 

$

55

 

2026

 

 

76,510

 

 

 

92

 

2027

 

 

67,576

 

 

 

71

 

2028

 

 

48,668

 

 

 

58

 

2029

 

 

32,232

 

 

 

52

 

2030 and thereafter

 

 

94,345

 

 

 

4

 

Total minimum lease payments

 

 

387,013

 

 

 

332

 

Less: amount of lease payments representing interest

 

 

(54,298

)

 

 

(32

)

Present value of future minimum lease payments

 

 

332,715

 

 

 

300

 

Less: current obligations under leases

 

 

(73,186

)

 

 

(124

)

Long-term lease obligations

 

$

259,529

 

 

$

176