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Leases (Tables)

6 Months Ended

Jun. 30, 2019

The components and classification of lease expense for the three and six months ended June 30, 2019 are as follows:



		Three Months Ended			Six Months Ended
Lease cost	Classification	June 30, 2019			June 30, 2019
Operating lease cost (1)	Restaurant rent expense	$	22,543		$	40,837
Operating lease cost	General and administrative	148			222
Variable lease cost	Restaurant rent expense	4,290			8,090
Sublease income	Restaurant rent expense	(143		)	(321		)
Finance lease cost:
Amortization of right-of-use assets	Depreciation and amortization	523			999
Interest on lease liabilities	Interest expense	64			135
Total lease cost		$	27,425		$	49,962


(1)	Includes short-term leases which are not material.

Leases, Balance Sheet Supplemental [Table Text Block]

Supplemental balance sheet information related to leases was as follows as of June 30, 2019:



		As of
Leases	Classification	June 30, 2019
Assets
Operating leases	Operating right-of-use assets, net	$	785,000
Finance leases	Property and equipment, net	2,904
Total leased assets		$	787,904

Liabilities
Current
Operating leases	Current portion of operating lease liabilities	$	39,715
Finance leases	Current portion of long-term debt and finance lease liabilities	2,261
Long-term
Operating leases	Operating lease liabilities	777,054
Finance leases	Long-term debt and finance lease liabilities, net	1,393
Total lease liabilities		$	820,423

Weighted Average Remaining Lease Term
Operating leases		14.5 years
Finance leases		1.9 years

Weighted Average Discount Rate
Operating leases		7.0		%
Finance leases		8.0		%

Leases, Cash Flows Supplemental [Table Text Block]

Supplemental cash flow information related to leases for the six months ended June 30, 2019 are as follows:



	Six Months Ended
	June 30, 2019
Gain on sale-leaseback transactions	$	105
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	36,006
Operating cash flows from finance leases	$	135
Financing cash flows from finance leases	$	981

Finance Lease, Liability, Maturity [Table Text Block]

Future minimum lease payments under noncancelable lease at June 30, 2019 are as follows:



Fiscal year ending:	Operating Leases			Finance Leases
December 29, 2019	$	47,846		$	1,244
January 3, 2021	93,769			1,755
January 2, 2022	92,202			583
January 1, 2023	91,415			240
December 31, 2023	90,493			68
Thereafter	907,550			129
Total minimum lease payments	1,323,275			4,019
Less: imputed interest	(506,506		)	(365		)
Present value of lease liabilities	816,769			3,654
Less: current portion	(39,715		)	(2,261		)
Total long-term lease liabilities	$	777,054		$	1,393

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Future minimum lease payments under noncancelable lease at June 30, 2019 are as follows:



Fiscal year ending:	Operating Leases			Finance Leases
December 29, 2019	$	47,846		$	1,244
January 3, 2021	93,769			1,755
January 2, 2022	92,202			583
January 1, 2023	91,415			240
December 31, 2023	90,493			68
Thereafter	907,550			129
Total minimum lease payments	1,323,275			4,019
Less: imputed interest	(506,506		)	(365		)
Present value of lease liabilities	816,769			3,654
Less: current portion	(39,715		)	(2,261		)
Total long-term lease liabilities	$	777,054		$	1,393

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

As previously disclosed in the Company's 2018 Annual Report on Form 10-K and under the previous lease accounting standard, the maturities of lease liabilities at December 30, 2018 were as follows:



Fiscal year ending:	Operating Leases		Capital Leases
December 29, 2019	$	73,304	$	2,180
January 3, 2021	71,764		1,454
January 2, 2022	70,607		345
January 1, 2023	70,160		190
December 31, 2023	69,221		68
Thereafter	640,793		129
Total minimum lease payments	$	995,849	4,366
Less amount representing interest			(425		)
Total obligations under capital leases			3,941
Less current portion			(1,948		)
Long-term obligations under capital leases			$	1,993

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

As previously disclosed in the Company's 2018 Annual Report on Form 10-K and under the previous lease accounting standard, the maturities of lease liabilities at December 30, 2018 were as follows:



Fiscal year ending:	Operating Leases		Capital Leases
December 29, 2019	$	73,304	$	2,180
January 3, 2021	71,764		1,454
January 2, 2022	70,607		345
January 1, 2023	70,160		190
December 31, 2023	69,221		68
Thereafter	640,793		129
Total minimum lease payments	$	995,849	4,366
Less amount representing interest			(425		)
Total obligations under capital leases			3,941
Less current portion			(1,948		)
Long-term obligations under capital leases			$	1,993