Leases (Tables)

12 Months Ended

Dec. 26, 2021

Leases [Abstract]

Assets And Liabilities

The table below presents the lease-related assets and liabilities recorded on the balance sheet:

(In thousands)	Classification in the Consolidated Balance Sheet	December 26, 2021		December 27, 2020
Operating lease right-of-use assets	Miscellaneous assets	$	62,567	$	52,304
Current operating lease liabilities	Accrued expenses and other	$	9,078	$	9,056
Noncurrent operating lease liabilities	Other	63,614		52,695
Total operating lease liabilities		$	72,692	$	61,751

Operating Lease Costs

The total lease cost for operating leases included in operating costs in our Consolidated Statement of Operations was as follows:

	For the Twelve Months Ended
(In thousands)	December 26, 2021		December 27, 2020		December 29, 2019
Operating lease cost	$	11,926	$	11,467	$	9,980
Short term and variable lease cost	1,575		1,776		1,814
Total lease cost	$	13,501	$	13,243	$	11,794

The table below presents additional information regarding operating leases:

(In thousands, except lease term and discount rate)	December 26, 2021			December 27, 2020
Cash paid for amounts included in the measurement of operating lease liabilities	$	12,254		$	11,533
Right-of-use assets obtained in exchange for operating lease liabilities	$	19,457		$	9,004
Weighted-average remaining lease term	9.4 years			8.7 years
Weighted-average discount rate	3.63		%	4.41		%

Operating Lease Liability Maturity

Maturities of lease liabilities on an annual basis for the Company’s operating leases as of December 26, 2021, were as follows:

(In thousands)	Amount
2022	$	11,170
2023	10,157
2024	9,548
2025	8,372
2026	8,023
Later Years	38,673
Total lease payments	$	85,943
Less: Interest	(13,251)
Present value of lease liabilities	$	72,692

Operating Lease, Lease Income

We generate building rental revenue from the floors in the Company Headquarters that we lease to third parties. The building rental revenue was as follows:

	For the Twelve Months Ended
(In thousands)	December 26, 2021		December 27, 2020		December 29, 2019
Building rental revenue(1)	$	22,851	$	28,516	$	30,595

(1) Building rental revenue includes approximately $10.8 million related to subleases for the fiscal year ended December 29, 2019..

Cash Flows To Be Received

Maturities of lease payments to be received on an annual basis for the Company’s office space operating leases as of December 26, 2021, were as follows:

(In thousands)	Amount
2022	$	30,564
2023	29,010
2024	29,053
2025	29,344
2026	29,344
Later Years	101,781
Total building rental revenue from operating leases	$	249,096