Leases (Tables)

3 Months Ended

Mar. 30, 2019

Leases [Abstract]

Schedule of Operating Lease Costs

Operating lease costs were as follows (in thousands):

	Three Months Ended
	March 30, 2019
Operating lease costs(1)	$	21,056
Variable lease cost	$	499

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

Schedule of Maturities of Operating Lease Liabilities and Aggregate Future Commitments Under Operating Leases

The maturities of operating lease liabilities as of March 30, 2019, are as follows (in thousands):

2019 (excluding the three months ended March 30, 2019)	$	58,730
2020		71,142
2021		63,969
2022		56,501
2023		48,089
2024		37,133
Thereafter		92,942
Total lease payments(1)		428,506
Less: Interest		95,863
Present value of operating lease liabilities(2)	$	332,643

⁽¹⁾ Total lease payments exclude $53 million of legally binding minimum lease payments for leases signed but not yet commenced.

⁽²⁾ Includes the current portion of $54 million for operating lease liabilities.

The aggregate future commitments under operating leases as of December 30, 2018, were expected to be as follows (in thousands):

2019	$	78,337
2020		73,331
2021		66,491
2022		59,515
2023		51,076
Thereafter		149,318
Total lease payments(1)		478,068

⁽¹⁾ Total lease payments include $62 million of legally binding minimum lease payments for leases signed but not yet commenced.

Schedule of Other Information Related Operating Leases

Other information related to operating leases was as follows:

	March 30, 2019
Weighted-average remaining lease term (years)		6.8
Weighted-average discount rate		7.5	%

	Three Months Ended
(in thousands)	March 30, 2019
Cash paid for amounts included in present value of operating lease liabilities	$	19,757
Right-of-use assets obtained in exchange for operating lease liabilities(1)	$	16,153

⁽¹⁾ See Note 1, Recently Adopted Accounting Guidance, for the impact of our initial adoption of the lease standard.