XML 90 R35.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
LEASES (Tables)
6 Months Ended
Dec. 29, 2019
Leases [Abstract]  
Components of Lease Expense
The components of lease expense were as follows:
 
Three Months Ended
 
Six Months Ended
 
December 29,
2019
 
December 29,
2019
 
(in thousands)
Financing lease cost:
 
 
 
Amortization of right-of-use assets
$
891

 
$
1,819

Interest on lease liabilities
115

 
265

Total finance lease cost
$
1,006

 
$
2,084

 
 
 
 
Operating lease cost
$
10,421

 
$
21,185

Variable lease cost
22,071

 
41,018


Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows:
 
 
Six Months Ended
 
 
December 29, 2019
 
 
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows paid for operating leases
 
$
19,384

Financing cash flows paid for principal portion of finance leases
 
1,647

 
 
 
Right-of-use assets obtained in exchange for lease obligations:
 
 
Operating leases
 
$
11,968

Finance leases
 
1,357


 
December 29, 2019
 
Weighted-Average Remaining Lease Term
 
Weighted-Average Discount Rate
 
(in years)
 
 
Operating leases
4.4
 
2.57
%
Finance leases
4.3
 
2.82
%

Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases were as follows:
 
December 29, 2019
 
(in thousands)
Operating leases
 
Other assets
$
101,605

 
 
Accrued expenses and other current liabilities
$
36,480

Other long-term liabilities
70,442

Total operating lease liabilities
$
106,922

 
 
Finance Leases
 
Property and Equipment, net
$
18,684

 
 
Current portion of long-term debt and lease liabilities
$
3,677

Long-term debt and lease liabilities
11,719

Total finance lease liabilities
$
15,396

 
December 29, 2019
 
Weighted-Average Remaining Lease Term
 
Weighted-Average Discount Rate
 
(in years)
 
 
Operating leases
4.4
 
2.57
%
Finance leases
4.3
 
2.82
%

Maturities of Finance Lease Liabilities
As of December 29, 2019, the maturities of lease liabilities are as follows:
Fiscal Year
Operating Leases
 
Finance Leases
 
(in thousands)
2020 (remaining 6 months)
$
19,237

 
$
2,022

2021
34,265

 
3,548

2022
18,256

 
6,208

2023
11,659

 
1,200

2024
8,591

 
841

Thereafter
20,809

 
2,920

Total lease payments
$
112,817

 
$
16,739

Less imputed interest
(5,895
)
 
(1,343
)
Total
$
106,922

 
$
15,396


Maturities of Operating Lease Liabilities
As of December 29, 2019, the maturities of lease liabilities are as follows:
Fiscal Year
Operating Leases
 
Finance Leases
 
(in thousands)
2020 (remaining 6 months)
$
19,237

 
$
2,022

2021
34,265

 
3,548

2022
18,256

 
6,208

2023
11,659

 
1,200

2024
8,591

 
841

Thereafter
20,809

 
2,920

Total lease payments
$
112,817

 
$
16,739

Less imputed interest
(5,895
)
 
(1,343
)
Total
$
106,922

 
$
15,396