Leases (Tables)

3 Months Ended

Mar. 26, 2019

Schedule of rent expense for operating leases

Rent expense for operating leases consisted of the following for the 13 week period ended March 27, 2018 (in thousands):

	March 27, 2018
Minimum rent—occupancy	$	11,533
Contingent rent		318
Rent expense, occupancy		11,851
Minimum rent—equipment and other		1,560
Rent expense	$	13,411

Operating Leasing Arrangement of Real Estate

Schedule of right-of-use assets and lease liabilities

We recognize right-of-use assets and lease liabilities for both real estate and equipment leases that have a term in excess of one year.  As of March 26, 2019, these amounts were as follows (in thousands):

	Leases
	Real estate		Equipment		Total
Operating lease right-of-use assets	$	468,472	$	3,650	$	472,122
Current portion of operating lease liabilities		14,758		1,197		15,955
Operating lease liabilities, net of current portion		504,520		2,453		506,973
Total operating lease liabilities	$	519,278	$	3,650	$	522,928

Real estate

Schedule of real estate leases other information

Real estate costs
Operating lease	$	13,427
Variable lease		448
Short-term lease		30
Total lease costs	$	13,905
Real estate lease liability maturity analysis		Total
2019	$	36,807
2020		49,504
2021		50,296
2022		51,141
2023		51,104
Thereafter		691,624
Total	$	930,476
Less interest		411,198
Total discounted operating lease liabilities	$	519,278
Real estate leases other information
Cash paid for amounts included in measurement of operating lease liabilities	$	11,948
Right-of-use assets obtained in exchange for new operating lease liabilities	$	8,340
Weighted-average remaining lease term (years)		17.81
Weighted-average discount rate		6.78

Real estate and equipment

Schedule of future minimum lease payments required for operating leases that have initial or remaining non-cancellable terms in excess of one year

The following is a schedule of future minimum lease payments required for real estate and equipment operating leases that have a remaining term in excess of one year as of December 25, 2018 (in thousands):

	Operating Leases
2019	$	50,030
2020		49,582
2021		49,917
2022		50,237
2023		49,854
Thereafter		677,710
Total	$	927,330