LEASES

3 Months Ended

Sep. 25, 2024

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 (Unaudited) were as follows:

	Thirteen Week Periods Ended
	September 25, 2024		September 27, 2023
Operating lease cost	$	45.6	$	45.6
Variable lease cost	16.1		15.6
Finance lease amortization	5.7		3.2
Finance lease interest	1.5		0.9
Short-term lease cost	0.1		0.1
Sublease income	(0.4)		(0.4)
Total lease costs, net	$	68.6	$	65.0

Supplemental cash flow information related to leases:

	Thirteen Week Periods Ended
	September 25, 2024		September 27, 2023
Operating lease assets obtained in exchange for operating lease liabilities	$	18.0	$	9.1
Finance leases assets obtained in exchange for finance lease liabilities	3.9		0.1

Finance lease assets are recorded in Property and equipment, at cost, and the net balance as of September 25, 2024 and June 26, 2024 was $91.7 million and $93.4 million, respectively.