Leases (Tables)

8 Months Ended

Sep. 10, 2023

Leases [Abstract]

Components Of Operating And Finance Lease Cost

The components of operating and finance lease cost for the third quarter and three fiscal quarters of 2023 and the third quarter and three fiscal quarters of 2022 were as follows:

	Fiscal Quarter Ended				Three Fiscal Quarters Ended
	September 10,		September 11,		September 10,		September 11,
	2023		2022		2023		2022
Operating lease cost	$	11,058	$	11,302	$	32,734	$	32,366
Finance lease cost:
Amortization of right-of-use assets		1,282		1,228		3,794		3,631
Interest on lease liabilities		1,010		1,086		3,008		2,922
Total finance lease cost	$	2,292	$	2,314	$	6,802	$	6,553

Schedule of Supplemental Balance Sheet Information Related To Finance Leases

Supplemental balance sheet information related to the Company’s finance leases as of September 10, 2023 and January 1, 2023 was as follows:

	September 10,			January 1,
	2023			2023
Land and buildings	$	83,854		$	83,902
Equipment		3,941			1,606
Finance lease assets		87,795			85,508
Accumulated depreciation and amortization		(22,382	)		(19,405	)
Finance lease assets, net	$	65,413		$	66,103
Current portion of long-term debt	$	4,347		$	3,313
Long-term debt, less current portion		70,157			70,886
Total principal payable on finance leases	$	74,504		$	74,199

As of September 10, 2023 and January 1, 2023, the weighted average remaining lease term and weighted average discount rate for the Company’s operating and finance leases were as follows:

	September 10, 2023		January 1, 2023
	Operating	Finance	Operating	Finance
	Leases	Leases	Leases	Leases
Weighted average remaining lease term	7 years	13 years	7 years	14 years
Weighted average discount rate	4.0%	6.0%	3.9%	6.0%

Schedule Of Supplemental Cash Flow Information Related To Leases

Supplemental cash flow information related to leases for the third quarter and three fiscal quarters of 2023 and the third quarter and three fiscal quarters of 2022 were as follows:

	Fiscal Quarter Ended				Three Fiscal Quarters Ended
	September 10,		September 11,		September 10,		September 11,
	2023		2022		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	11,798	$	11,581	$	31,889	$	30,076
Operating cash flows from finance leases		1,010		1,086		3,008		2,922
Financing cash flows from finance leases		1,288		1,038		2,724		2,816
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		5,230		4,241		17,405		35,405
Finance leases		398		453		3,452		453

Schedule Of Maturities Of Operating And Finance Leases Liabilities

Maturities of lease liabilities as of September 10, 2023 were as follows:

	Operating			Finance
	Leases			Leases
2023	$	15,320		$	2,499
2024		45,493			8,738
2025		41,006			8,816
2026		38,893			9,425
2027		31,281			8,239
Thereafter		86,761			68,448
Total future minimum rental commitments		258,754			106,165
Less, amounts representing interest		(37,078	)		(31,661	)
Total lease liabilities	$	221,676		$	74,504