A portion of the Company’s retail stores and warehouses operate in leased facilities. The Company also leases the majority of the tractors and trailers within its fleet and certain other assets. Most of the property leases contain multiple renewal options, which generally range from one to ten years. In those locations in which it is economically feasible to continue to operate, management expects that lease options will be exercised as they come due. The terms of certain leases contain provisions requiring payment of percentage rent based on sales and payment of executory costs such as property taxes, utilities, insurance, maintenance and other occupancy costs applicable to the leased premises or, in the case of transportation equipment, provisions requiring payment of variable rent based upon miles driven. Certain properties or portions thereof are subleased to others. As most of the Company’s leases do not provide an implicit discount rate, the Company uses an incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments.

Rental expense, net of sublease income, under operating leases was $58.0 million and $51.5 million in 2018 and 2017, respectively.

	December 28,			December 29,
(In thousands)	2019			2018
Finance leases:
Property and equipment, at cost	$	67,206		$		64,215
Accumulated amortization		(27,131	)			(30,774	)
Property and equipment, net	$	40,075		$		33,441

Current portion of finance lease liabilities	$	4,401		$		6,840
Noncurrent finance lease liabilities		40,565				32,718
Total finance lease liabilities	$	44,966		$		39,558

				December 28,
				2019
Operating leases:
Operating lease assets				$		268,982

Current portion of operating lease liabilities				$		42,440
Noncurrent operating lease liabilities						267,350
Total operating lease liabilities				$		309,790

Weighted average remaining lease term:
Operating leases					8.9 years
Finance leases					9.9 years

Weighted average discount rate:
Operating leases						5.7	%
Finance leases						7.0	%

(In thousands)	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	$	62,455
Operating cash flows used for finance leases		3,047
Financing cash flows used for finance leases		5,453

Lease assets obtained in exchange for lease liabilities:
Total operating lease liabilities		34,346
Total finance lease liabilities		3,679

The Company’s total future lease commitments under operating and finance leases in effect at December 28, 2019 are as follows:

	Operating		Finance
(In thousands)	Leases		Leases			Total
2020	$	58,539	$	7,590			66,129
2021		53,859		6,157			60,016
2022		47,616		5,573			53,189
2023		42,577		5,192			47,769
2024		35,580		5,212			40,792
Thereafter		162,649		38,588			201,237
Total		400,820		68,312			469,132
Less interest		91,030		23,346			114,376
Present value of lease liabilities		309,790		44,966			354,756
Less current portion		42,440		4,401			46,841
Long-term lease liabilities	$	267,350	$	40,565	$		307,915

The Company’s total future lease commitments under operating and capital leases previously accounted for under ASC 840, “Leases”, at December 29, 2018 were as follows:

	Operating Leases
	Used in		Subleased				Capital
(In thousands)	Operations		to Others		Total		Leases
2019	$	54,098	$	1,039	$	55,137	$	9,091
2020		47,212		817		48,029		7,049
2021		39,887		694		40,581		5,377
2022		32,299		468		32,767		4,685
2023		25,419		357		25,776		3,912
Thereafter		75,626		147		75,773		25,152
Total	$	274,541	$	3,522	$	278,063		55,266
	Interest							(15,708	)
	Present value of minimum lease obligations							39,558
	Current maturities							6,840
	Long-term capital lease obligations						$	32,718

Certain retail store facilities, either owned or obtained through leasing arrangements, are leased to others. A majority of the leases provide for minimum rent and contain renewal options. Certain of the leases contain escalation clauses and contingent rentals based upon stipulated sales volumes.

Owned assets, included in property and equipment, which are leased to others are as follows:

	December 28,		December 29,
(In thousands)	2019		2018
Land and improvements	$	7,077	$	7,389
Buildings		29,287		28,932
Owned assets leased to others		36,364		36,321
Less accumulated amortization and depreciation		10,895		10,044
Net owned assets leased to others	$	25,469	$	26,277

Future minimum rentals to be received under lease obligations in effect at December 28, 2019 are as follows:

(In thousands)	2020		2021		2022		2023		2024		Thereafter		Total
Owned property	$	4,587	$	4,344	$	3,873	$	2,940	$	2,037	$	18,113	$	35,894
Leased property		3,127		2,636		2,288		1,984		1,400		4,011		15,446
Total	$	7,714	$	6,980	$	6,161	$	4,924	$	3,437	$	22,124	$	51,340