Leases

12 Months Ended

Dec. 31, 2024

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


	December 31,
	2024		2023
Weighted-average remaining lease term (years)	13.9		13.7
Weighted-average discount rate	5.30	%	5.10	%

The components of lease cost were as follows:


		Year ended December 31,
	Classification	2024		2023		2022
Operating lease cost	Occupancy, Other operating costs, General and administrative expenses and Pre-opening costs	$	486,598	$	436,313	$	397,112
Short-term lease cost	Other operating costs	572		519		633
Variable lease cost	Occupancy, Other operating costs, General and administrative expenses and Pre-opening costs	120,948		111,896		102,636
Sublease income	General and administrative expenses	(3,559)		(4,765)		(5,444)
Total lease cost		$	604,559	$	543,963	$	494,937

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


	Year ended December 31,
	2024		2023		2022
Cash paid for operating lease liabilities	$	466,171	$	421,591	$	386,238
Operating lease assets obtained in exchange for operating lease liabilities	$	692,684	$	521,759	$	425,243
Derecognition of operating lease assets due to terminations or impairment	$	6,899	$	6,862	$	14,718

Maturities of lease liabilities were as follows as of December 31, 2024:


	Operating Leases
2025	$	464,795
2026	507,341
2027	499,428
2028	484,473
2029	467,981
Thereafter	4,133,853
Total lease payments	6,557,871
Less: imputed interest	2,017,253
Operating lease liabilities (Current and Long-Term)	$	4,540,618

As of December 31, 2024, the total lease payments include $2,759,141 related to options to extend lease terms that are reasonably certain of being exercised and exclude approximately $646,462 of legally binding lease payments for leases signed but not yet commenced and $11,419 of future sublease income.