LEASES

6 Months Ended

Dec. 27, 2023

Leases [Abstract]

Leases

We typically lease our restaurant facilities through ground leases (where we lease land only, but construct the building and improvements) or retail leases (where we lease the land/retail space and building). In addition to our restaurant facilities, we also lease our corporate headquarters location and certain equipment.

The components of lease expenses included in the Consolidated Statements of Comprehensive Income (Loss) (Unaudited) were as follows:

	Thirteen Week Periods Ended				Twenty-Six Week Periods Ended
	December 27, 2023		December 28, 2022		December 27, 2023		December 28, 2022
Operating lease cost	$	45.6	$	45.1	$	91.2	$	90.2
Variable lease cost	15.5		15.2		31.1		30.8
Finance lease amortization	2.6		4.9		5.8		10.1
Finance lease interest	0.9		1.0		1.8		2.1
Short-term lease cost	0.0		0.1		0.1		0.2
Sublease income	(0.4)		(0.6)		(0.8)		(1.5)
Total lease costs, net	$	64.2	$	65.7	$	129.2	$	131.9

Supplemental cash flow information related to leases:

	Twenty-Six Week Periods Ended
	December 27, 2023		December 28, 2022
Operating lease assets obtained in exchange for operating lease liabilities	$	21.3	$	45.5
Finance leases assets obtained in exchange for finance lease liabilities	0.1		0.2

Finance lease assets are recorded in Property and equipment, at cost, and the net balance as of December 27, 2023 and June 28, 2023 was $45.9 million and $51.3 million, respectively.