Leases (Tables)

12 Months Ended

Dec. 29, 2019

Leases

Schedule of average terms of lease portfolios

	Average lease term
Domestic Company-owned restaurants	Five years, plus at least one renewal
United Kingdom franchise-owned restaurants	15 years
Domestic commissary locations	10 years, plus at least one renewal
Domestic and international tractors and trailers	Five to seven years
Domestic and international commissary and office equipment	Three to five years

Schedule of operating lease assets and liabilities

The following schedule details the total right-of-use assets and lease liabilities on the Consolidated Balance Sheet as of December 29, 2019 and the date of adoption on December 31, 2018 (in thousands):

			December 29,		December 31,
Leases	Classification		2019		2018
Assets
Finance lease assets, net	Finance lease right-of-use assets, net	$	9,383	$	—
Operating lease assets, net	Operating lease right-of-use assets		148,229		161,027
Total lease assets		$	157,612	$	161,027
Liabilities
Current finance lease liabilities	Current finance lease liabilities	$	1,789	$	—
Current operating lease liabilities	Current operating lease liabilities		23,226		25,348
Noncurrent finance lease liabilities	Long-term finance lease liabilities		7,629		—
Noncurrent operating lease liabilities	Long-term operating lease liabilities		125,297		137,511
Total lease liabilities		$	157,941	$	162,859

Schedule of components of lease expense

		Year Ended
(in thousands)		December 29, 2019
Finance lease:
Amortization of right-of-use assets	$	815
Interest on lease liabilities		251
Operating lease:
Operating lease cost		42,487
Short-term lease cost		2,704
Variable lease cost		9,558
Total lease costs	$	55,815
Sublease income		(10,879)
Total lease costs, net of sublease income	$	44,936

Schedule of future minimum lease payments and sublease income under contractually-obligated leases

Future minimum lease payments under contractually-obligated leases and associated sublease income as of December 29, 2019 are as follows (in thousands):

Fiscal Year	Finance Lease Costs		Operating Lease Costs		Expected Sublease Income
2020	$	2,323	$	32,809	$	9,412
2021		2,323		32,636		9,109
2022		2,323		27,325		8,752
2023		2,323		21,783		8,446
2024		1,507		17,438		8,168
Thereafter		55		61,629		44,364
Total future minimum lease payments		10,854		193,620		88,251
Less imputed interest		(1,436)		(45,097)		—
Total present value of Lease Liabilities	$	9,418	$	148,523	$	88,251

Future minimum lease payments and sublease income under contractually-obligated leases as of December 30, 2018 were as follows (in thousands):

Fiscal Year	Operating Lease Costs		Expected Sublease Income
2019	$	40,834	$	8,079
2020		36,631		8,061
2021		31,159		7,818
2022		25,188		7,462
2023		18,694		7,182
Thereafter		57,304		42,518
Total future minimum lease payments	$	209,810	$	81,120

Schedule of supplemental cash flow information

		Year Ended
(in thousands, except for weighted-average amounts)		December 29, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	269
Financing cash flows from finance leases		781
Operating cash flows from operating leases (a)		40,152
Right-of-use assets obtained in exchange for new finance lease liabilities		10,199
Right-of-use assets obtained in exchange for new operating lease liabilities		20,903
Cash received from sublease income		10,139
Weighted-average remaining lease term (in years):
Finance leases		4.75
Operating leases		7.00
Weighted-average discount rate:
Finance leases		6.38%
Operating leases		6.94%
(a) Included within the change in Other assets and liabilities within the Consolidated Statement of Cash Flows offset by non-cash operating lease asset amortization and liability accretion.