Leases (Tables)

6 Months Ended

Jun. 25, 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)	June 25, 2022		December 25, 2021
Right-of-use assets
Finance leases (a)	$	37,081	$	29,766
Operating leases	1,031,731		995,625
Total right-of-use assets	$	1,068,812	$	1,025,391
Current lease liabilities
Finance leases (b)	$	3,768	$	3,101
Operating leases (c)	65,563		57,588
Total current lease liabilities	$	69,331	$	60,689
Long-term lease liabilities
Finance leases (d)	$	35,178	$	27,957
Operating leases	969,598		931,604
Total long-term lease liabilities	$	1,004,776	$	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 and six months ended June 25, 2022 and June 26, 2021 were as follows:

	Three months ended				Six months ended
(in thousands)	June 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021
Finance lease expense:
Amortization of right-of-use assets	$	1,658	$	365	$	2,392	$	717
Interest on lease liabilities	484		220		861		436
Operating lease expense	32,216		28,669		63,208		56,480
Short-term lease expense	487		593		977		1,235
Variable lease expense	433		226		786		487
Total lease expense	$	35,278	$	30,073	$	68,224	$	59,355

Supplemental cash flow information related to the Company’s lease arrangements for the six months ended June 25, 2022 and June 26, 2021, respectively, was as follows:

	Six months ended
(in thousands)	June 25, 2022		June 26, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	57,330	$	52,273
Operating cash flows used in finance leases	785		436
Financing cash flows used in finance leases	829		641
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	68,251	$	54,235
Finance leases	4,584		623