Leases (Tables)

3 Months Ended

Jun. 01, 2019

Leases

Schedule of components of net lease cost

	For the thirteen week period
	ended June 1, 2019
Operating lease cost	$	164,983
Financing lease cost:
Amortization of right-of-use asset		1,536
Interest on long-term finance lease liabilities		905
Total finance lease costs	$	2,441
Short-term lease costs		1
Variable lease costs		40,545
Less: sublease income		(5,751)
Net lease cost	$	202,219

Schedule of supplemental cash flow information related to leases

	For the thirteen week period
	ended June 1, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$	176,237
Operating cash flows paid for interest portion of finance leases		905
Financing cash flows paid for principal portion of finance leases		3,490
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		77,384
Finance leases		0

Schedule of supplemental balance sheet information related to leases

	June 1,
	2019
Operating leases:
Operating lease right-of-use asset	$	2,985,213
Short-term operating lease liabilities	$	450,933
Long-term operating lease liabilities		2,790,738
Total operating lease liabilities	$	3,241,671
Finance leases:
Property, plant and equipment, net	$	24,825
Current maturities of long-term debt and lease financing obligations	$	11,751
Lease financing obligations, less current maturities		22,679
Total finance lease liabilities	$	34,430
Weighted average remaining lease term
Operating leases		8.5
Finance leases		8.4
Weighted average discount rate
Operating leases		6.0	%
Finance leases		10.3	%

Schedule of maturity of lease liabilities under finance and operating leases

	June 1, 2019
	Finance		Operating
Fiscal year	Leases		Leases (1)		Total
2020 (remaining thirty-nine weeks)	$	10,774	$	519,217	$	529,991
2021		6,922		630,612		637,534
2022		4,360		563,470		567,830
2023		4,143		508,479		512,622
2024		3,842		447,507		451,349
Thereafter		20,469		1,554,206		1,574,675
Total lease payments		50,510		4,223,491		4,274,001
Less: imputed interest		(16,080)		(981,820)		(997,900)
Total lease liabilities	$	34,430	$	3,241,671	$	3,276,101

(1) – Future operating lease payments have not been reduced by minimum sublease rentals of $60 million due in the future under noncancelable leases.

Schedule of minimum lease payments for all properties under a lease agreement

	Lease
	Financing		Operating
Fiscal year	Obligations		Leases
2020	$	19,300	$	687,412
2021		4,811		610,874
2022		4,588		545,863
2023		4,383		490,864
2024		4,042		431,714
Later years		20,470		1,541,408
Total minimum lease payments		57,594	$	4,308,135
Amount representing interest		(17,418)
Present value of minimum lease payments	$	40,176