Leases

12 Months Ended

Dec. 31, 2022

9. Leases

The weighted average remaining lease term and discount rate were as follows:



	December 31,		December 31,
	2022		2021
Weighted average remaining lease term (years)		13.8		13.8
Weighted average discount rate		4.77%		4.56%

The components of lease cost were as follows:



		Year ended December 31,
	Classification	2022		2021		2020
Operating lease cost	Occupancy, Other operating costs, General and administrative expenses and Pre-opening costs	$	397,112	$	364,314	$	333,878
Short-term lease cost	Other operating costs		633		256		36
Variable lease cost	Occupancy, Other operating costs, General and administrative expenses and Pre-opening costs		102,636		92,145		37,860
Sublease income	General and administrative expenses		(5,444)		(4,930)		(3,588)
Total lease cost		$	494,937	$	451,785	$	368,186

Supplemental disclosures of cash flow information related to leases were as follows:



	Year ended December 31,
	2022		2021		2020
Cash paid for operating lease liabilities	$	386,238	$	359,391	$	316,249
Operating lease assets obtained in exchange for operating lease liabilities	$	425,243	$	577,273	$	484,888
Derecognition of operating lease assets due to terminations or impairment	$	14,718	$	5,765	$	20,242

Maturities of lease liabilities were as follows as of December 31, 2022:



	Operating Leases
2023	$	375,174
2024		404,139
2025		396,777
2026		389,276
2027		382,790
Thereafter		3,212,975
Total lease payments		5,161,131
Less: imputed interest		1,429,721
Operating lease liabilities (Current and Long-Term)	$	3,731,410

As of December 31, 2022, the total lease payments include $2,401,022 related to options to extend lease terms that are reasonably certain of being exercised, and exclude approximately $445,913 of legally binding lease payments for leases signed but not yet commenced and $16,994 of future sublease income.

We have six sale and leaseback transactions, which do not qualify for sale leaseback accounting due to fixed price renewal options prohibiting sale accounting. These transactions are accounted for under the financing method. Under the financing method, the assets remain on the consolidated balance sheets and the proceeds from the transactions are recorded as a financing liability. A portion of lease payments are applied as payments of deemed principal and imputed interest. The deemed landlord financing liability was $1,158 and $1,515 as of December 31, 2022, and 2021, respectively, with the current portion of the liability included in accrued liabilities, and the remaining portion included in other liabilities on the consolidated balance sheets.