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Leases
 9 Months Ended
Sep. 28, 2023
Leases [Abstract]  
Leases LeasesThe Company determines if an arrangement is a lease at inception. The Company evaluates each lease for classification as either a finance lease or an operating lease according to accounting guidance ASU No. 2016-02, Leases (Topic 842). The Company performs this evaluation at the inception of the lease and when a modification is made to a lease. The Company
leases real estate and equipment with lease terms of one year to 45 years, some of which include options to extend and/or terminate the lease.
The majority of the Company’s lease agreements include fixed rental payments. For those leases with variable payments based on increases in an index subsequent to lease commencement, such payments are recognized as variable lease expense as they occur. Variable lease payments that do not depend on an index or rate, including those that depend on the Company’s performance or use of the underlying asset, are also expensed as incurred. Lease expense for operating lease payments is recognized on a straight-line basis over the lease term.
Total lease cost consists of the following:
13 Weeks Ended39 Weeks Ended
Lease CostClassificationSeptember 28, 2023September 29, 2022September 28, 2023September 29, 2022
Finance lease costs: 
Amortization of finance lease assetsDepreciation and amortization$695 $692 $2,074 $2,093 
Interest on lease liabilitiesInterest expense187 210 577 647 
$882 $902 $2,651 $2,740 
Operating lease costs:
Operating lease costsRent expense$6,027 $6,364 $18,104 $19,105 
Variable lease costRent expense526 273 1,469 288 
Short-term lease costRent expense39 35 106 107 
$6,592 $6,672 $19,679 $19,500 
Additional information related to leases is as follows:
13 Weeks Ended39 Weeks Ended
Other InformationSeptember 28, 2023September 29, 2022September 28, 2023September 29, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases$703 $711 $1,904 $2,047 
Operating cash flows from finance leases187 210 577 647 
Operating cash flows from operating leases6,308 6,917 19,167 $21,053 
Right of use assets obtained in exchange for new lease obligations:
Finance lease liabilities181 119 317 307 
Operating lease liabilities261 92 261 275 
September 28, 2023December 29, 2022
Finance leases:
Property and equipment – gross$30,066 $29,885 
Accumulated depreciation and amortization(17,272)(15,332)
Property and equipment - net$12,794 $14,553 
Remaining lease terms and discount rates are as follows:
Lease Term and Discount RateSeptember 28, 2023December 29, 2022
Weighted-average remaining lease terms:
Finance leases7 years7 years
Operating leases12 years12 years
Weighted-average discount rates:
Finance leases4.61 %4.59 %
Operating leases4.59 %4.51 %
Deferred rent payments of approximately $766 for the Company’s operating leases have been included in the total operating lease obligations as of September 28, 2023, of which approximately $513 is included in long-term operating lease obligations.
Leases LeasesThe Company determines if an arrangement is a lease at inception. The Company evaluates each lease for classification as either a finance lease or an operating lease according to accounting guidance ASU No. 2016-02, Leases (Topic 842). The Company performs this evaluation at the inception of the lease and when a modification is made to a lease. The Company
leases real estate and equipment with lease terms of one year to 45 years, some of which include options to extend and/or terminate the lease.
The majority of the Company’s lease agreements include fixed rental payments. For those leases with variable payments based on increases in an index subsequent to lease commencement, such payments are recognized as variable lease expense as they occur. Variable lease payments that do not depend on an index or rate, including those that depend on the Company’s performance or use of the underlying asset, are also expensed as incurred. Lease expense for operating lease payments is recognized on a straight-line basis over the lease term.
Total lease cost consists of the following:
13 Weeks Ended39 Weeks Ended
Lease CostClassificationSeptember 28, 2023September 29, 2022September 28, 2023September 29, 2022
Finance lease costs: 
Amortization of finance lease assetsDepreciation and amortization$695 $692 $2,074 $2,093 
Interest on lease liabilitiesInterest expense187 210 577 647 
$882 $902 $2,651 $2,740 
Operating lease costs:
Operating lease costsRent expense$6,027 $6,364 $18,104 $19,105 
Variable lease costRent expense526 273 1,469 288 
Short-term lease costRent expense39 35 106 107 
$6,592 $6,672 $19,679 $19,500 
Additional information related to leases is as follows:
13 Weeks Ended39 Weeks Ended
Other InformationSeptember 28, 2023September 29, 2022September 28, 2023September 29, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases$703 $711 $1,904 $2,047 
Operating cash flows from finance leases187 210 577 647 
Operating cash flows from operating leases6,308 6,917 19,167 $21,053 
Right of use assets obtained in exchange for new lease obligations:
Finance lease liabilities181 119 317 307 
Operating lease liabilities261 92 261 275 
September 28, 2023December 29, 2022
Finance leases:
Property and equipment – gross$30,066 $29,885 
Accumulated depreciation and amortization(17,272)(15,332)
Property and equipment - net$12,794 $14,553 
Remaining lease terms and discount rates are as follows:
Lease Term and Discount RateSeptember 28, 2023December 29, 2022
Weighted-average remaining lease terms:
Finance leases7 years7 years
Operating leases12 years12 years
Weighted-average discount rates:
Finance leases4.61 %4.59 %
Operating leases4.59 %4.51 %
Deferred rent payments of approximately $766 for the Company’s operating leases have been included in the total operating lease obligations as of September 28, 2023, of which approximately $513 is included in long-term operating lease obligations.