Leases (Tables)

3 Months Ended

Mar. 26, 2022

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)	March 26, 2022		December 25, 2021
Right-of-use assets
Finance leases (a)	$	33,032	$	29,766
Operating leases	1,026,537		995,625
Total right-of-use assets	$	1,059,569	$	1,025,391
Current lease liabilities
Finance leases (b)	$	3,226	$	3,101
Operating leases (c)	66,686		57,588
Total current lease liabilities	$	69,912	$	60,689
Long-term lease liabilities
Finance leases (d)	$	31,322	$	27,957
Operating leases	961,182		931,604
Total long-term lease liabilities	$	992,504	$	959,561

(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 months ended March 26, 2022 and March 27, 2021 were as follows:

	Three months ended
(in thousands)	March 26, 2022		March 27, 2021
Finance lease expense:
Amortization of right-of-use assets	$	734	$	614
Interest on lease liabilities	377		237
Operating lease expense	30,992		27,748
Short-term lease expense	490		1,314
Variable lease expense	353		246
Total lease expense	$	32,946	$	30,159

Supplemental cash flow information related to the Company’s lease arrangements for the three months ended March 26, 2022 and March 27, 2021, respectively, was as follows:

	Three months ended
(in thousands)	March 26, 2022		March 27, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	28,073	$	25,794
Operating cash flows used in finance leases	370		216
Financing cash flows used in finance leases	414		317
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	46,763	$	6,849
Finance leases	1,741		630