The Company leases certain retail store and supply chain center locations, supply chain vehicles and its corporate headquarters with expiration dates through 2041.

The components of operating and finance lease cost for 2019 were as follows (in thousands):


	Fiscal Year Ended December 29, 2019
Operating lease cost	$	42,903
Finance lease cost:
Amortization of right-of-use assets		1,167
Interest on lease liabilities		1,952

Total finance lease cost	$	3,119

Rent expense totaled $69.7 million, $67.4 million and $62.0 million in 2019, 2018 and 2017, respectively. Rent expense includes operating lease cost, as well as expense for

non-lease

components including common area maintenance, real estate taxes and insurance for the Company’s real estate leases. Rent expense also includes the variable rate per mile driven and fixed maintenance charges for the Company’s supply chain center tractors and trailers and expense for short-term rentals. The inclusion of the variable rate per mile driven for the Company’s supply chain center tractors and

trailers in rent expense following

the adoption of ASC 842 resulted in the inclusion of an additional $

4.9

million and $

4.1

million in rent expense in 2018 and 2017, respectively, for comparability purposes. Variable rent expense and rent expense for short-term leases were immaterial for 2019.

Supplemental balance sheet information related to the Company’s leases as of December 29, 2019 and December 30, 2018 was as follows (in thousands):


	December 29, 2019			December 30, 2018
Land and buildings	$	25,476		$	22,171
Accumulated depreciation and amortization		(7,846	)		(6,678	)

Finance lease assets, net	$	17,630		$	15,493

Current portion of long-term debt	$	1,394		$	643
Long-term debt, less current portion		18,263			16,363

Total principal payable on finance leases	$	19,657		$	17,006

As of December 29, 2019, the weighted average remaining lease term and weighted average discount rate for the Company’s operating and finance leases were as follows:


	Operating Leases			Finance Leases
Weighted average remaining lease term		8 years			14 years
Weighted average discount rate		3.8	%		11.7	%

Supplemental cash flow information related to leases for 2019 was as follows (in thousands):


	Fiscal Year Ended December 29, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	43,608
Operating cash flows from finance leases		1,952
Financing cash flows from finance leases		647
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases		63,685
Finance leases		3,255

During 2018, the Company renewed the leases of four supply chain center buildings and extended the terms of the leases. As a result, the Company recorded

non-cash

financing activities of $12.0 million for the increase in capital lease assets and liabilities during 2018. During 2018, the Company also recorded $1.9 million in

non-cash

financing activities related to a

build-to-suit

arrangement, which was derecognized in connection with the Company’s adoption of ASC 842 in 2019.

Maturities of lease liabilities as of December 29, 2019 were as follows (in thousands):


	Operating Leases			Finance Leases
2020	$	39,925		$	3,302
2021		40,070			2,816
2022		36,928			2,834
2023		34,381			2,858
2024		29,987			2,882
Thereafter		92,849			25,813

Total future minimum rental commitments		274,140			40,505

Less – amounts representing interest		(38,091	)		(20,848	)

Total lease liabilities	$	236,049		$	19,657

Future minimum rental commitments as of December 30, 2018 were as follows (in thousands):


	Operating Leases		Finance Leases
2019	$	40,752	$	2,396
2020		37,519		2,415
2021		34,538		2,433
2022		30,763		2,451
2023		27,388		2,474
Thereafter		100,310		23,781

Total future minimum rental commitments	$	271,270		35,950

Less – amounts representing interest				(18,944	)

Total principal payable on finance leases			$	17,006

As of December 29, 2019, the Company has additional leases for two supply chain centers and certain supply chain tractors and trailers that had not yet commenced with estimated future minimum rental commitments of approximately $76.2 million. These leases are expected to commence in 2020 with lease terms of up to 21 years. These undiscounted amounts are not included in the tables above.

The Company has guaranteed lease payments related to certain franchisees’ lease arrangements. The maximum amount of potential future payments under these guarantees

s $16.7 million and $2.4 million as of December 29, 2019 and December 30, 2018, respectively. The Company does not believe these arrangements have or are likely to have a material effect on its results of operations, financial condition, revenues or expenses, capital expenditures or liquidity.