Leases (Tables)

6 Months Ended

Jun. 26, 2019

The components of lease costs were as follows:



		Quarter Ended			Two Quarters Ended
	Classification	June 26, 2019			June 26, 2019
		(In thousands)
Lease costs
Finance lease costs:
Amortization of right-of-use assets	Depreciation and amortization	$	885		$	1,881
Interest on lease liabilities	Interest expense, net	1,318			2,834
Operating lease costs:
Operating lease costs - company	Occupancy	2,476			4,979
Operating lease costs - franchise	Costs of franchise and license revenue	3,611			7,076
Operating lease costs - general and administrative	General and administrative expenses	27			53
Variable lease costs:
Variable lease costs - company	Occupancy	1,812			3,668
Variable lease costs - franchise	Costs of franchise and license revenue	1,512			2,938
Variable lease costs - general and administrative	General and administrative expenses	5			10
Variable lease costs - closed stores	Restructuring charges and exit costs	—			55
Sublease income	Franchise and license revenue	(6,249		)	(12,008		)
Total lease costs		$	5,397		$	11,486

Lease terms and discount rates were as follows:



	June 26, 2019
Weighted-average remaining lease term (in years)
Finance leases	9.0
Operating leases	9.5
Weighted-average discount rate
Finance leases	24.3	%
Operating leases	6.4	%

The components of lease income were as follows:



		Quarter Ended		Two Quarters Ended
	Classification	June 26, 2019		June 26, 2019
		(In thousands)
Lease income
Operating lease income - franchise	Franchise and license revenue	$	5,846	$	11,271
Operating lease income - closed stores	Restructuring and exist costs	66		132
Variable lease income - franchise	Franchise and license revenue	2,280		4,400
Variable lease income - closed stores	Restructuring charges and exit costs	12		24
Total lease income		$	8,204	$	15,827

Cash and supplemental noncash amounts were as follows:



	Quarter Ended		Two Quarters Ended
	June 26, 2019		June 26, 2019
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	1,318	$	2,834
Operating cash flows from operating leases	6,441		12,752
Financing cash flows from finance leases	752		1,547
Right-of-use assets obtained in exchange for new finance lease liabilities	305		305
Right-of-use assets obtained in exchange for new operating lease liabilities	22,481		27,531

Maturities of lease liabilities and receipts in accordance with Topic 842 as of June 26, 2019 were as follows:



	Lease Liabilities				Lease Receipts
	Finance		Operating		Operating
	(In thousands)
Remainder of 2019	$	3,554	$	12,440	$	13,070
2020	6,625		22,390		24,202
2021	6,101		19,576		22,100
2022	5,836		17,309		19,961
2023	5,149		14,536		17,012
Thereafter	29,974		82,149		105,310
Total undiscounted cash flows	57,239		168,400		$	201,655
Less: interest	34,118		44,033
Present value of lease liabilities	23,121		124,367
Less: current lease liabilities	2,651		16,999
Long-term lease liabilities	$	20,470	$	107,368

Maturities of lease liabilities and receipts in accordance with Topic 842 as of June 26, 2019 were as follows:



	Lease Liabilities				Lease Receipts
	Finance		Operating		Operating
	(In thousands)
Remainder of 2019	$	3,554	$	12,440	$	13,070
2020	6,625		22,390		24,202
2021	6,101		19,576		22,100
2022	5,836		17,309		19,961
2023	5,149		14,536		17,012
Thereafter	29,974		82,149		105,310
Total undiscounted cash flows	57,239		168,400		$	201,655
Less: interest	34,118		44,033
Present value of lease liabilities	23,121		124,367
Less: current lease liabilities	2,651		16,999
Long-term lease liabilities	$	20,470	$	107,368

Maturities of lease liabilities and receipts in accordance with Topic 842 as of June 26, 2019 were as follows:



	Lease Liabilities				Lease Receipts
	Finance		Operating		Operating
	(In thousands)
Remainder of 2019	$	3,554	$	12,440	$	13,070
2020	6,625		22,390		24,202
2021	6,101		19,576		22,100
2022	5,836		17,309		19,961
2023	5,149		14,536		17,012
Thereafter	29,974		82,149		105,310
Total undiscounted cash flows	57,239		168,400		$	201,655
Less: interest	34,118		44,033
Present value of lease liabilities	23,121		124,367
Less: current lease liabilities	2,651		16,999
Long-term lease liabilities	$	20,470	$	107,368

Maturities of lease liabilities in accordance with Topic 840 as of December 26, 2018 were as follows:



	Commitments				Lease Receipts
	Capital		Operating		Operating
	(In thousands)
2019	$	9,271	$	23,504	$	21,001
2020	8,664		20,161		18,493
2021	8,010		17,316		16,573
2022	7,320		14,646		14,887
2023	6,451		11,881		12,932
Thereafter	33,670		49,004		65,273
Total	73,386		$	136,512	$	149,159
Less imputed interest	42,795
Present value of capital lease obligations	$	30,591