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Leases (Tables)
6 Months Ended
Jul. 17, 2021
Leases [Abstract]  
Lease Modifications and Renewals and Lease Impairments

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

 

 

 

For the Twelve Weeks Ended

 

 

For the Twenty-Eight Weeks Ended

 

 

 

July 17, 2021

 

 

July 11, 2020

 

 

July 17, 2021

 

 

July 11, 2020

 

Lease modifications and renewals

 

$

3,377

 

 

$

4,266

 

 

$

37,702

 

 

$

6,821

 

Lease impairments

 

$

 

 

$

 

 

$

 

 

$

90

 

Lease terminations

 

$

2,337

 

 

 

 

 

$

2,654

 

 

 

 

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 twenty-eight weeks ended July 17, 2021 and July 11, 2020 were as follows (amounts in thousands):

 

 

 

For the Twelve Weeks Ended

 

 

For the Twenty-Eight Weeks Ended

 

 

 

July 17, 2021

 

 

July 11, 2020

 

 

July 17, 2021

 

 

July 11, 2020

 

Lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

409

 

 

$

1,726

 

 

$

951

 

 

$

4,029

 

Interest on lease liabilities

 

 

38

 

 

 

201

 

 

 

92

 

 

 

487

 

Operating lease cost

 

 

16,263

 

 

 

16,552

 

 

 

37,696

 

 

 

38,681

 

Short-term lease cost

 

 

550

 

 

 

556

 

 

 

1,501

 

 

 

1,152

 

Variable lease cost

 

 

6,066

 

 

 

5,223

 

 

 

12,952

 

 

 

13,035

 

Total lease cost

 

$

23,326

 

 

$

24,258

 

 

$

53,192

 

 

$

57,384

 

 

Other Supplemental Quantitative Disclosures

 

 

For the Twenty-Eight Weeks Ended

 

 

 

July 17, 2021

 

 

July 11, 2020

 

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

 

 

 

 

 

 

 

 

Operating cash flows from financing leases

 

$

92

 

 

$

487

 

Operating cash flows from operating leases

 

$

35,710

 

 

$

40,567

 

Financing cash flows from financing leases

 

$

866

 

 

$

3,900

 

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

 

$

37

 

 

$

43

 

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

 

$

41,796

 

 

$

6,957

 

 

Weighted-average remaining lease term (years):

 

 

 

 

Financing leases

 

 

2.6

 

Operating leases

 

 

8.9

 

Weighted-average IBR (percentage):

 

 

 

 

Financing leases

 

 

3.5

 

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 17, 2021 (in thousands) were as follows:

 

 

 

Operating lease

liabilities

 

 

Financing lease

liabilities

 

Remainder of 2021

 

$

33,412

 

 

$

958

 

2022

 

 

59,670

 

 

 

1,756

 

2023

 

 

55,627

 

 

 

1,896

 

2024

 

 

47,408

 

 

 

115

 

2025

 

 

45,628

 

 

 

10

 

2026 and thereafter

 

 

184,484

 

 

 

 

Total minimum lease payments

 

 

426,229

 

 

 

4,735

 

Less: amount of lease payments representing interest

 

 

(72,098

)

 

 

(195

)

Present value of future minimum lease payments

 

 

354,131

 

 

 

4,540

 

Less: current obligations under leases

 

 

(53,784

)

 

 

(1,815

)

Long-term lease obligations

 

$

300,347

 

 

$

2,725