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Leases (Tables)

9 Months Ended

Sep. 29, 2019

Components of lease cost are as follows:

	Quarter Ended		Nine Months Ended
	September 29,		September 29,
	2019		2019
Operating lease cost	$	2,265	$	6,724
Variable lease cost		724		1,859
Short-term lease cost		39		122
Total lease cost	$	3,028	$	8,705

Schedule of Supplemental Cash Flow Information and Non-Cash Activity Related to Operating Leases

Supplemental cash flow information and non-cash activity related to the Company’s operating leases are as follows:

	Quarter Ended		Nine Months Ended
	September 29,		September 29,
	2019		2019
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	2,046	$	6,224
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations		-		3,768

Schedule of Weighted Average Remaining Lease Term and Discount Rate Operating Leases

Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows as of the period indicated:

	September 29,
	2019
Weighted-average remaining lease term	15.8 years
Weighted-average discount rate		6.01	%

Schedule of Maturities of Lease Liabilities for Operating Leases

Maturities of lease liabilities by fiscal year for the Company’s operating leases are as follows:

	September 29,
	2019
2019 ⁽¹⁾	$	2,121
2020		8,936
2021		9,142
2022		9,302
2023		9,327
2024 and thereafter		93,640
Total minimum lease payments		132,468
Less: Imputed interest ⁽²⁾		51,351
Present value of lease liabilities	$	81,117
⁽¹⁾ Excluding the nine months ended September 29, 2019
⁽²⁾ Amount necessary to reduce net minimum lease payments to present value calculated using our incremental borrowing rates, which are consistent with the lease terms at adoption date (for those leases in existence as of the adoption date of Topic 842) or lease inception (for those leases entered into after the adoption date).

Schedule of Future Minimum Lease Payments for Non-Cancelable Operating Leases Under ASC Topic 840

As previously disclosed in the 2018 Annual Report and under the previous lease accounting standard, minimum lease payments under non-cancelable operating leases (including renewal options and those restaurants reported as discontinued operations) were expected to be as follows:

	December 30,
	2018
2019	$	7,800
2020		8,084
2021		7,832
2022		7,974
2023		8,006
2024 and thereafter		78,302
Total minimum lease payments	$	117,998

Accounting Standards Update 2016-02

Summary of Changes in Consolidated Balance Sheet for Adoption of Topic 842

The effects of the changes made to the Company’s Condensed Consolidated Balance Sheet as of December 31, 2018 for the adoption of Topic 842 were as follows:

	December 30,		Adjustments Due to the Adoption			December 31,
	2018		of Topic 842			2018
Assets
Noncurrent assets:
Other assets	$	5,557	$	(149	)	$	5,408
Right-of-use lease assets		-		70,666			70,666
Deferred income taxes		539		434			973
Liabilities and stockholders' equity
Current liabilities:
Current portion of lease liabilities		-		3,707			3,707
Long-term liabilities:
Long-term lease liabilities		-		75,489			75,489
Other long-term liabilities		6,995		(6,988	)		7
Stockholders' equity:
Retained earnings		17,528		(1,257	)		16,271