Leases Leases (Tables)

3 Months Ended

Mar. 27, 2019

Leases [Abstract]

Lease, Cost [Table Text Block]

The following table presents the Company’s total lease cost, disaggregated by underlying asset (in thousands):

	Thirteen Weeks Ended March 27, 2019
	Property Leases		Equipment Leases	Total
Finance lease cost:
Amortization of right-of-use assets	6		—	6
Interest on lease liabilities	8		—	8
Operating lease cost	6,604		327	6,931
Short-term lease cost	—		8	8
Variable lease cost	97		73	170
Sublease income	(27	)	—	(27	)
Total lease cost	6,688		408	7,096
Lease cost – Company restaurant expense	6,770
Lease cost – General & administrative	119
Lease cost – Depreciation and amortization	6
Lease cost – Interest expense	8
Lease cost - Closed-store reserve	193
Total lease cost	7,096

During the thirteen weeks ended March 27, 2019, the Company had the following cash and non-cash activities associated with its leases (in thousands):

	Thirteen Weeks Ended March 27, 2019
	Property Leases		Equipment Leases		Total
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	6,196		330		6,526
Financing cash flows from finance leases	35		—		35
Non-cash investing and financing activities:
Additions to ROU Assets obtained from
New operating lease liabilities	200,555		4,668		205,223
Other Information
Weighted-average remaining lease term—finance leases	3.40		—
Weighted-average remaining lease term—operating leases	12.37		3.78
Weighted-average discount rate—finance leases	11.09	%	—
Weighted-average discount rate—operating leases	4.38	%	3.98	%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Information regarding the Company’s minimum future lease obligations at March 27, 2019 is as follows (in thousands):

	Finance			Operating Leases
For the Years Ending	Minimum Lease Payments			Minimum Lease Payments			Minimum Sublease Income
December 25, 2019	$	52		$	19,893		$	954
December 30, 2020	54			26,411			1,108
December 29, 2021	54			26,062			1,078
December 28, 2022	45			25,028			1,001
December 28, 2023	—			22,500			989
Thereafter	—			153,141			2,612
Total	$	205		$	273,035		$	7,742
Less: imputed interest (3.96% to 11.1%)	(55		)	(54,895		)
Present value of lease obligations	150			218,140
Less: current maturities	(41		)	(17,697		)
Noncurrent portion	$	109		$	200,443

Information regarding the Company’s minimum future lease obligations at December 26, 2018 is as follows, under ASC 840 (in thousands):

	Capital Leases			Operating Leases
For the Years Ending	Minimum Lease Payments			Minimum Lease Payments		Minimum Sublease Income
December 25, 2019	$	95		$	25,388	$	1,443
December 30, 2020	54			24,437		1,108
December 29, 2021	54			23,342		1,078
December 28, 2022	45			22,338		1,001
December 28, 2023	—			20,634		989
Thereafter	—			150,342		2,612
Total	$	248		$	266,481	$	8,231
Less: imputed interest (11.0% to 11.1%)	(64		)
Present value of capital lease obligations	184
Less: current maturities	(68		)
Noncurrent portion	$	116

Finance Lease, Liability, Maturity [Table Text Block]

Information regarding the Company’s minimum future lease obligations at March 27, 2019 is as follows (in thousands):

	Finance			Operating Leases
For the Years Ending	Minimum Lease Payments			Minimum Lease Payments			Minimum Sublease Income
December 25, 2019	$	52		$	19,893		$	954
December 30, 2020	54			26,411			1,108
December 29, 2021	54			26,062			1,078
December 28, 2022	45			25,028			1,001
December 28, 2023	—			22,500			989
Thereafter	—			153,141			2,612
Total	$	205		$	273,035		$	7,742
Less: imputed interest (3.96% to 11.1%)	(55		)	(54,895		)
Present value of lease obligations	150			218,140
Less: current maturities	(41		)	(17,697		)
Noncurrent portion	$	109		$	200,443

Information regarding the Company’s minimum future lease obligations at December 26, 2018 is as follows, under ASC 840 (in thousands):

	Capital Leases			Operating Leases
For the Years Ending	Minimum Lease Payments			Minimum Lease Payments		Minimum Sublease Income
December 25, 2019	$	95		$	25,388	$	1,443
December 30, 2020	54			24,437		1,108
December 29, 2021	54			23,342		1,078
December 28, 2022	45			22,338		1,001
December 28, 2023	—			20,634		989
Thereafter	—			150,342		2,612
Total	$	248		$	266,481	$	8,231
Less: imputed interest (11.0% to 11.1%)	(64		)
Present value of capital lease obligations	184
Less: current maturities	(68		)
Noncurrent portion	$	116