LEASES (Tables)

9 Months Ended

Sep. 27, 2023

A summary of operating and finance lease assets and lease liabilities were as follows:


	Classification	September 27 2023		December 28 2022
Operating leases	Operating lease assets	$	397,870	$	367,488
Finance leases	Property and equipment, net	11,155		6,152
Total right-of-use assets		$	409,025	$	373,640




Operating leases:
	Operating lease liabilities, current	$	47,610	$	42,238
	Long-term operating lease liabilities	463,370		427,227
Finance leases:
	Other current liabilities	3,235		2,546
	Other long-term liabilities	8,215		3,909
Total lease liabilities		$	522,430	$	475,920

The components of lease expense were as follows:


			Thirteen Weeks Ended				Thirty-Nine Weeks Ended
		Classification	September 27 2023		September 28 2022		September 27 2023		September 28 2022
Operating lease cost		Occupancy and related expenses Pre-opening costs General and administrative expenses	$	17,177	$	15,178	$	49,775	$	43,188
Finance lease cost:
	Amortization of right-of-use assets	Depreciation and amortization expense	936		750		2,376		2,275
	Interest on lease liabilities	Interest expense	163		55		305		162
Variable lease cost		Occupancy and related expenses Pre-opening costs General and administrative expenses	4,488		3,887		12,940		10,994
Short-term lease cost		Occupancy and related expenses	206		264		719		395
Total lease cost			$	22,970	$	20,134	$	66,115	$	57,014


		September 27 2023		December 28 2022
Weighted average remaining lease term (years):
	Operating leases	8.9		8.9
	Finance leases	4.9		5.1
Weighted average discount rate:
	Operating leases	6.0	%	5.7	%
	Finance leases	5.4	%	4.0	%

Supplemental cash flow information related to leases was as follows:


		Thirty-Nine Weeks Ended
		September 27 2023		September 28 2022
Cash paid for amounts included in the measurement of lease liabilities:
	Operating cash flows from operating leases	$	52,913	$	45,398
	Operating cash flows from finance leases	305		162
	Financing cash flows from finance leases	2,383		2,260
Right-of-use assets obtained in exchange for lease obligations:
	Operating leases	60,560		45,927
	Finance leases	7,379		1,376

As of September 27, 2023, future minimum lease payments for operating and finance leases consisted of the following:

(1)Operating leases are net of certain tenant allowance receivables that were reclassified to Other current assets as of September 27, 2023.

As of September 27, 2023, future minimum lease payments for operating and finance leases consisted of the following:

(1)Operating leases are net of certain tenant allowance receivables that were reclassified to Other current assets as of September 27, 2023.