Leases Leases (Tables)

3 Months Ended

Mar. 25, 2020

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 25, 2020
	Property Leases			Equipment Leases		Total
Finance lease cost:
Interest on lease liabilities	6			—		6
Operating lease cost	6,530			324		6,854
Short-term lease cost	—			2		2
Variable lease cost	104			14		118
Sublease income	(778		)	—		(778		)
Total lease cost	$	5,862		$	340	$	6,202

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

	Thirteen Weeks Ended March 25, 2020
Lease cost – Occupancy and other operating expenses	$	5,879
Lease cost – General & administrative	111
Lease cost – Interest expense	6
Lease cost - Closed-store reserve	206
Total lease cost	$	6,202

During the thirteen weeks ended March 25, 2020, the Company had the following cash and non-cash activities associated with its leases (in thousands):

	Thirteen Weeks Ended March 25, 2020
	Property Leases			Equipment Leases			Total
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases	$	6,260		$	309		$	6,569
Financing cash flows used for finance leases	$	8		$	—		$	8
Non-cash investing and financing activities:
Operating lease ROU assets obtained in exchange for lease liabilities:
Operating lease ROU assets	$	307		$	12		$	319
Derecognition of ROU assets due to terminations, impairment or modifications	$	(543	)	$	—		$	(543	)
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	2.58			—
Weighted-average remaining lease term—operating leases	11.94			2.97
Weighted-average discount rate—finance leases	11.10		%	—
Weighted-average discount rate—operating leases	4.35		%	3.95		%

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

Information regarding the Company’s minimum future lease obligations as of March 25, 2020 is as follows (in thousands):

	Finance			Operating Leases
For the Years Ending	Minimum Lease Payments			Minimum Lease Payments			Minimum Sublease Income
December 30, 2020	$	41		$	20,080		$	2,103
December 29, 2021	54			26,702			2,887
December 28, 2022	45			25,694			3,284
December 27, 2023	—			23,289			3,318
December 25, 2024	—			21,018			3,203
Thereafter	—			141,124			27,265
Total	$	140		$	257,907		$	42,060
Less: imputed interest (2.38% - 11.10%)	(31		)	(47,900		)
Present value of lease obligations	109			210,007
Less: current maturities	(36		)	(17,585		)
Noncurrent portion	$	73		$	192,422

Information regarding the Company’s minimum future lease obligations as of December 25, 2019 is as follows (in thousands):

	Finance Leases			Operating Leases
For the Years Ending	Minimum Lease Payments			Minimum Lease Payments			Minimum Sublease Income
December 30, 2020	$	54		$	26,808		$	2,754
December 29, 2021	54			25,978			2,887
December 28, 2022	45			24,871			3,284
December 27, 2023	—			22,309			3,318
December 25, 2024	—			19,751			3,203
Thereafter	—			139,454			27,265
Total	$	153		$	259,171		$	42,711
Less: imputed interest (3.96% to 11.10%)	(36		)	(45,273		)
Present value of capital lease obligations	117			213,898
Less: current maturities	(34		)	(16,406		)
Noncurrent portion	$	83		197,492

Finance Lease, Liability, Fiscal Year Maturity [Table Text Block]

Information regarding the Company’s minimum future lease obligations as of March 25, 2020 is as follows (in thousands):

	Finance			Operating Leases
For the Years Ending	Minimum Lease Payments			Minimum Lease Payments			Minimum Sublease Income
December 30, 2020	$	41		$	20,080		$	2,103
December 29, 2021	54			26,702			2,887
December 28, 2022	45			25,694			3,284
December 27, 2023	—			23,289			3,318
December 25, 2024	—			21,018			3,203
Thereafter	—			141,124			27,265
Total	$	140		$	257,907		$	42,060
Less: imputed interest (2.38% - 11.10%)	(31		)	(47,900		)
Present value of lease obligations	109			210,007
Less: current maturities	(36		)	(17,585		)
Noncurrent portion	$	73		$	192,422

Information regarding the Company’s minimum future lease obligations as of December 25, 2019 is as follows (in thousands):

	Finance Leases			Operating Leases
For the Years Ending	Minimum Lease Payments			Minimum Lease Payments			Minimum Sublease Income
December 30, 2020	$	54		$	26,808		$	2,754
December 29, 2021	54			25,978			2,887
December 28, 2022	45			24,871			3,284
December 27, 2023	—			22,309			3,318
December 25, 2024	—			19,751			3,203
Thereafter	—			139,454			27,265
Total	$	153		$	259,171		$	42,711
Less: imputed interest (3.96% to 11.10%)	(36		)	(45,273		)
Present value of capital lease obligations	117			213,898
Less: current maturities	(34		)	(16,406		)
Noncurrent portion	$	83		197,492