Leases Leases (Tables)

9 Months Ended

Sep. 25, 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 September 25, 2019								Thirty-Nine Weeks Ended September 25, 2019
	Property Leases			Equipment Leases		Total			Property Leases			Equipment Leases		Total
Finance lease cost:
Amortization of right-of-use assets	$	—		$	—	$	—		$	9		$	—	$	9
Interest on lease liabilities	9			—		9			24			—		24
Operating lease cost	6,534			313		6,847			19,721			967		20,688
Short-term lease cost	—			9		9			—			26		26
Variable lease cost	121			38		159			346			136		482
Sublease income	(722		)	—		(722		)	(1,623		)	—		(1,623		)
Total lease cost	$	5,942		$	360	$	6,302		$	18,477		$	1,129	$	19,606

The following table presents the Company’s total lease cost on the condensed consolidated statement of income (in thousands):

	Thirteen Weeks Ended September 25, 2019		Thirty-Nine Weeks Ended September 25, 2019
Lease cost – Occupancy and other operating expenses	$	6,015	$	18,675
Lease cost – General & administrative	116		348
Lease cost – Depreciation and amortization	—		9
Lease cost – Interest expense	9		24
Lease cost - Closed-store reserve	162		550
Total lease cost	$	6,302	$	19,606

During the thirty-nine weeks ended September 25, 2019, the Company had the following cash and non-cash activities associated with its leases (in thousands):

	Thirty-Nine Weeks Ended September 25, 2019
	Property Leases			Equipment Leases			Total
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases	$	18,819		$	970		$	19,789
Financing cash flows used for finance leases	$	61		$	—		$	61
Non-cash investing and financing activities:
Operating lease ROU Assets obtained in exchange for lease liabilities:
Operating lease ROU Assets	$	8,832		$	36		$	8,868
Operating lease ROU Assets obtained and liabilities incurred as a result of adoption of ASC 842:
Operating lease ROU Assets	$	200,555		$	4,668		$	205,223
Operating lease liabilities	$	217,615		$	4,668		$	222,283
Other Information
Weighted-average remaining lease term—finance leases	3.08			—
Weighted-average remaining lease term—operating leases	12.21			3.08
Weighted-average discount rate—finance leases	11.1		%	—
Weighted-average discount rate—operating leases	4.4		%	4.0		%

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

Information regarding the Company’s minimum future lease obligations as of September 25, 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	$	14		$	8,935		$	651
December 30, 2020	54			24,619			2,612
December 29, 2021	54			26,616			2,635
December 28, 2022	45			25,569			2,537
December 28, 2023	—			23,023			2,558
Thereafter	—			157,549			19,394
Total	$	167		$	266,311		$	30,387
Less: imputed interest (3.98% - 11.1%)	(43		)	(49,558		)
Present value of lease obligations	124			216,753
Less: current maturities	(32		)	(17,904		)
Noncurrent portion	$	92		$	198,849

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 as of September 25, 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	$	14		$	8,935		$	651
December 30, 2020	54			24,619			2,612
December 29, 2021	54			26,616			2,635
December 28, 2022	45			25,569			2,537
December 28, 2023	—			23,023			2,558
Thereafter	—			157,549			19,394
Total	$	167		$	266,311		$	30,387
Less: imputed interest (3.98% - 11.1%)	(43		)	(49,558		)
Present value of lease obligations	124			216,753
Less: current maturities	(32		)	(17,904		)
Noncurrent portion	$	92		$	198,849

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