Leases (Tables)

9 Months Ended

Sep. 25, 2021

Leases [Abstract]

Supplemental Balance Sheet Information

The following table details our total investment in operating and finance leases where the Company is the lessee:

(in thousands)	September 25, 2021		December 26, 2020
Right-of-use assets
Finance leases (a)	$	28,422	$	14,211
Operating leases	905,527		884,927
Total right-of-use assets	$	933,949	$	899,138
Current lease liabilities
Finance leases (b)	$	2,897	$	2,149
Operating leases (c)	61,506		60,095
Total current lease liabilities	$	64,403	$	62,244
Long-term lease liabilities
Finance leases (d)	$	24,413	$	16,726
Operating leases	843,925		818,001
Total long-term lease liabilities	$	868,338	$	834,727

(a) Finance lease right-of-use assets are included in property and equipment, net on the consolidated balance sheet.

(b) Current finance lease liabilities are included in current portion of long-term debt on the consolidated balance sheet.

(c) Current operating lease liabilities are included in accrued expenses and other liabilities on the consolidated balance sheet.

(d) Long-term finance lease liabilities are included in long-term debt on the consolidated balance sheet.

Schedule of Lease Cost and Supplemental Cash Flow Information

The lease cost for operating and finance leases recognized in the consolidated statement of operations for the three and nine months ended September 25, 2021 and September 26, 2020 were as follows:

	Three months ended				Nine months ended
(in thousands)	September 25, 2021		September 26, 2020		September 25, 2021		September 26, 2020
Finance lease expense:
Amortization of right-of-use assets	$	715	$	280	$	1,970	$	565
Interest on lease liabilities	299		163		796		375
Operating lease expense	29,028		20,874		85,564		46,180
Short-term lease expense	523		685		1,619		818
Variable lease expense	206		203		692		492
Total lease expense	$	30,771	$	22,205	$	90,641	$	48,430

Supplemental cash flow information related to the Company’s lease arrangements for the nine months ended September 25, 2021 and September 26, 2020, respectively, was as follows:

	Nine months ended
(in thousands)	September 25, 2021		September 26, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	79,310	$	40,898
Operating cash flows used in finance leases	736		360
Financing cash flows used in finance leases	921		197
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	75,268	$	855,308
Finance leases	7,249		12,808