Rent expense totaled $16.2 million and $32.6 million in the second quarter and two fiscal quarters of 2020, respectively, and totaled $15.9 million and $32.3 million in the second quarter and two fiscal quarters of 2019, 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.

Variable rent expense and rent expense for short-term leases were immaterial for the second quarter and two fiscal quarters of 2020 and 2019, respectively

Supplemental balance sheet information related to the Company’s leases as of June 14, 2020 and December 29, 2019 was as follows:


	June 14, 2020			December 29, 2019
Land and buildings	$	44,067		$	25,476
Accumulated depreciation and amortization		(8,544	)		(7,846	)

Finance lease assets, net	$	35,523		$	17,630

Current portion of long-term debt	$	999		$	1,394
Long-term debt, less current portion		36,209			18,263

Total principal payable on finance leases	$	37,208		$	19,657

As of June 14, 2020 and 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:


	June 14, 2020						December 29, 2019
	Operating Leases			Finance Leases			Operating Leases			Finance Leases
Weighted average remaining lease term		7 years			17 years			8 years			14 years
Weighted average discount rate		3.8	%		9.1	%		3.8	%		11.7	%

Supplemental cash flow information related to leases for the second quarter and two fiscal quarters of

2020

and the second quarter and two fiscal quarters of

2019

was as follows:


	Fiscal Quarter Ended				Two Fiscal Quarters Ended
	June 14, 2020		June 16, 2019		June 14, 2020		June 16, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	10,048	$	9,398	$	20,167	$	20,088
Operating cash flows from finance leases		897		317		1,272		796
Financing cash flows from finance leases		691		106		1,040		261
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases		6,596		13,391		15,578		26,368
Finance leases		18,746		—		18,746		—

Maturities of lease liabilities as of June 14, 2020 were as follows:


	Operating Leases			Finance Leases
2020	$	25,756		$	1,823
2021		42,035			4,493
2022		39,285			4,544
2023		33,914			4,602
2024		32,365			4,662
Thereafter		98,854			53,291

Total future minimum rental commitments		272,209			73,415
Less – amounts representing interest		(36,458	)		(36,207	)

Total lease liabilities	$	235,751		$	37,208

As of June 14, 2020, the Company has additional leases for one supply chain center and certain supply chain tractors and trailers that had not yet commenced with estimated future minimum rental commitments of approximately $30.4 million. These leases are expected to commence in 2020 with lease terms of up to 15 years. These undiscounted amounts are not included in the table above.

The Company has guaranteed lease payments related to certain franchisees’ lease arrangements. The maximum amount of potential future payments under these guarantees is $14.9 million as of June 14, 2020. The Company does not believe these arrangements have or are likely to have a material effect on its results of operations, financial condition, revenues, expenses or liquidity.