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Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Balance Sheet Information Related to Leases

Balance sheet information related to leases consisted of the following for the periods presented:

 

 

 

 

As of

 

 

Classification

 

December 31, 2025

 

 

December 31, 2024

 

Assets

 

 

 

 

 

 

 

 

Operating

 

Operating right of use assets, net

 

$

942,664

 

 

$

924,896

 

Finance

 

Property and equipment, net

 

 

11,323

 

 

 

12,344

 

Total lease assets

 

 

 

$

953,987

 

 

$

937,240

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

Operating

 

Current maturities of operating lease liability

 

$

53,625

 

 

$

48,986

 

Finance

 

Current maturities of finance lease liability

 

 

879

 

 

 

804

 

Long-term

 

 

 

 

 

 

 

 

Operating

 

Operating lease liability

 

 

906,371

 

 

 

890,613

 

Finance

 

Financing lease liability

 

 

12,344

 

 

 

13,262

 

Total lease liabilities

 

 

 

$

973,219

 

 

$

953,665

 

Summary of Components of Total Lease Cost

Components of total lease cost, net, consisted of the following for the periods presented:

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

Operating lease expense (a)

 

$

124,244

 

 

$

112,647

 

Finance lease expense

 

 

 

 

 

 

Amortization of lease assets

 

 

972

 

 

 

1,006

 

Interest on lease liabilities

 

 

976

 

 

 

1,036

 

Short-term lease expense

 

 

72

 

 

 

203

 

Variable lease expense (b)

 

 

21,356

 

 

 

22,185

 

Total lease expense

 

$

147,620

 

 

$

137,077

 

 

(a)
Operating lease expense includes an immaterial amount of sublease income and is included in other store operating expenses and general and administrative expenses in the accompanying consolidated statements of operations and comprehensive income.
(b)
Variable lease costs consist primarily of property taxes, property insurance, and common area or other maintenance costs for our leases of land and buildings and is included in other store operating expenses in the accompanying consolidated statements of operations and comprehensive income.
Summary of Supplemental Information of Leases

The following includes supplemental information for the periods presented:

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

Operating cash flows from operating leases

 

$

119,784

 

 

$

108,492

 

Operating cash flows from finance leases

 

$

976

 

 

$

1,036

 

Financing cash flows from finance leases

 

$

793

 

 

$

748

 

 

 

 

 

 

 

Operating lease ROU assets obtained in exchange for lease liabilities

 

$

73,283

 

 

$

141,139

 

Finance lease ROU assets obtained in exchange for lease liabilities

 

$

 

 

$

57

 

 

 

 

 

 

 

Weighted-average remaining operating lease term

 

 

13.47

 

 

 

13.94

 

Weighted-average remaining finance lease term

 

 

14.10

 

 

 

14.80

 

 

 

 

 

 

 

Weighted-average operating lease discount rate

 

 

8.28

%

 

 

8.10

%

Weighted-average finance lease discount rate

 

 

7.34

%

 

 

7.33

%

Schedule of Lease Obligation Maturities

As of December 31, 2025, lease obligation maturities were as follows:

Fiscal Year Ending:

 

Operating Leases

 

 

Finance Leases

 

2026

 

$

126,889

 

 

$

1,792

 

2027

 

 

124,104

 

 

 

1,819

 

2028

 

 

117,975

 

 

 

1,846

 

2029

 

 

117,262

 

 

 

1,575

 

2030

 

 

117,178

 

 

 

1,549

 

Thereafter

 

 

1,045,447

 

 

 

15,301

 

Total future minimum obligations

 

$

1,648,855

 

 

$

23,882

 

Present value discount

 

 

(688,859

)

 

 

(10,659

)

Present value of net future minimum lease obligations

 

$

959,996

 

 

$

13,223

 

Current portion

 

 

(53,625

)

 

 

(879

)

Long-term obligations

 

$

906,371

 

 

$

12,344