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Leases (Tables)
3 Months Ended
Mar. 29, 2020
Leases [Abstract]  
Operating Lease Term and Discount Rate

Operating lease term and discount rate were as follows:

 

 

 

March 29,

 

 

March 31,

 

 

 

2020

 

 

2019

 

Weighted average remaining lease term (years)

 

8.33

 

 

8.90

 

Weighted average discount rate

 

 

7.90

%

 

 

8.01

%

 

Components of Lease Cost

The components of lease cost were as follows:

 

 

 

 

13 weeks ending

 

 

13 weeks ending

 

 

 

 

March 29,

 

 

March 31,

 

 

Classification

 

2020

 

 

2019

 

Operating lease cost

Occupancy and General and administrative expenses

 

 

11,770

 

 

 

10,995

 

Variable lease cost

Occupancy

 

 

3,322

 

 

 

3,504

 

Total lease cost

 

 

$

15,092

 

 

$

14,499

 

Supplemental Disclosures of Cash Flow Information Related to Leases

Supplemental disclosures of cash flow information related to leases were as follows:

 

 

 

13 weeks ending

 

 

13 weeks ending

 

 

 

March 29,

 

 

March 31,

 

 

 

2020

 

 

2019

 

Operating cash flows rent paid for operating lease liabilities

 

 

11,979

 

 

 

11,938

 

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

 

 

5,534

 

 

 

922

 

Reduction in operating right-of-use assets due to lease terminations

 

 

1,439

 

 

 

 

Maturities of Lease Liabilities

Maturities of lease liabilities were as follows as of March 29, 2020:

 

  

 

Operating Leases

 

Remainder of 2020

 

 

34,954

 

2021

 

 

44,610

 

2022

 

 

39,071

 

2023

 

 

34,321

 

2024

 

 

31,180

 

2025

 

 

28,836

 

Thereafter

 

 

112,902

 

Total lease payments

 

 

325,874

 

Less: imputed interest

 

 

(93,271

)

Present value of lease liabilities

 

$

232,603