Leases (Tables)

3 Months Ended

Mar. 30, 2024

Leases [Abstract]

Schedule of Operating Lease Costs

Lease costs were as follows (in thousands):

	Three Months Ended
	March 30, 2024		April 1, 2023
Operating lease costs(1)	$	26,826	$	28,289
Variable lease costs(2)	$	(49)	$	56

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(1)Includes short-term lease costs which are not significant.

(2)Variable lease costs include adjustments to percentage rent.

Schedule of Maturities of Operating Lease Liabilities

The maturities of operating lease liabilities as of March 30, 2024, were as follows(1) (in thousands):

2024 (excluding the three months ended March 30, 2024)	$	80,181
2025	99,566
2026	87,575
2027	71,617
2028	59,845
2029	40,157
Thereafter	70,786
Total operating lease payments(2)	509,727
Less: Interest	84,980
Present value of operating lease liabilities	$	424,747

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(1)Future payments for real estate taxes and certain building operating expenses for which the Company is obligated are not included in the operating lease liabilities. Total operating lease payments exclude $13 million of legally binding minimum lease payments for leases signed but not yet commenced.

(2)Includes the current portion of $81 million for operating lease liabilities.

Schedule of Other Information Related Operating Leases

Other information related to operating leases was as follows:

	March 30, 2024		December 30, 2023
Weighted-average remaining lease term (in years)	5.8		5.9
Weighted-average discount rate	6.6	%	6.5	%

	Three Months Ended
(in thousands)	March 30, 2024		April 1, 2023
Cash paid for amounts included in present value of operating lease liabilities	$	27,222	$	26,538
Right-of-use assets obtained in exchange for operating lease liabilities	$	12,990	$	14,717