Leases (Tables)

9 Months Ended

Sep. 28, 2024

Leases [Abstract]

Schedule of Right-of-Use Assets and Lease Liabilities

Right-of-use ("ROU") assets and lease liabilities balances were as follows (in thousands):

	September 28, 2024		December 30, 2023
Assets:
Operating lease right-of-use assets	$	1,372,242	$	1,351,863
Finance lease right-of-use assets		4,939		5,996
Total lease right-of-use assets	$	1,377,181	$	1,357,859
Liabilities—current:
Operating lease liabilities	$	144,731	$	133,225
Finance lease liabilities		1,523		1,573
Total current lease liabilities		146,254		134,798
Liabilities—long-term:
Operating lease liabilities		1,315,098		1,301,656
Finance lease liabilities		4,084		5,147
Total long-term lease liabilities		1,319,182		1,306,803
Total lease liabilities	$	1,465,436	$	1,441,601

Schedule of Components of Lease Expense

The components of lease expense were as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Lease expense:
Operating lease expense	$	73,212	$	70,051	$	216,145	$	210,973
Finance lease expense:
Amortization of right-of-use assets		392		403		1,167		1,284
Interest on lease liabilities		124		134		391		376
Short-term lease expense		2,256		1,967		5,702		4,813
Variable lease expense		17,702		15,483		51,913		45,937
Total lease expense	$	93,686	$	88,038	$	275,318	$	263,383

Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate

The weighted average remaining lease term and the weighted average discount rate as of September 28, 2024 and December 30, 2023 were as follows:

	September 28, 2024			December 30, 2023
Weighted average remaining lease term (in years) (Operating)		9			9
Weighted average remaining lease term (in years) (Finance)		4			5
Weighted average discount rate (Operating)		9.5	%		9.6	%
Weighted average discount rate (Finance)		8.5	%		8.5	%

Schedule of Maturity of Lease Liabilities

The following table summarizes the maturity of lease liabilities as of September 28, 2024 (in thousands):

	Finance Leases		Operating Leases		Total Leases
Remainder of 2024	$	474	$	58,025	$	58,499
2025		1,833		285,618		287,451
2026		1,491		273,085		274,576
2027		1,396		257,595		258,991
2028		870		238,617		239,487
Thereafter		563		1,037,979		1,038,542
Total lease payments		6,627		2,150,919		2,157,546
Less imputed interest		1,020		691,090		692,110
Present value of lease liabilities		5,607		1,459,829		1,465,436
Less current portion of lease liabilities		1,523		144,731		146,254
Long-term lease liabilities	$	4,084	$	1,315,098	$	1,319,182