XML 67 R29.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 28, 2019
Leases [Abstract] |
Lease, Cost | The following table summarizes the Company’s classification of lease cost (in thousands):
|  |  |  | Fiscal Year Ended
|  | Statement of Income Location |  | December 28, 2019
Finance lease cost: |  |  |  |
Amortization of lease assets |  | Depreciation and amortization |  | $ | 4,281 |
Interest on lease liabilities |  | Interest expense, net |  | 1,629 |
Operating lease cost |  | Selling, general and administrative expenses |  | 353,961 |
Variable lease cost |  | Selling, general and administrative expenses |  | 73,768 |
Net lease cost |  |  |  | $ | 433,639 |
Lessee, Operating Lease, Liability, Maturity | The following table summarizes the future maturities of the Company’s lease liabilities (in thousands):
|  | Operating Leases (a) |  | Finance Leases |  |  | Total |
2020 |  | $ | 369,079 |  |  | $ | 5,663 |  |  | $ | 374,742 |
2021 |  | 350,527 |  |  | 5,723 |  |  | 356,250 |
2022 |  | 326,908 |  |  | 4,601 |  |  | 331,509 |
2023 |  | 301,783 |  |  | 3,409 |  |  | 305,192 |
2024 |  | 268,255 |  |  | 3,424 |  |  | 271,679 |
After 2024 |  | 1,169,671 |  |  | 21,818 |  |  | 1,191,489 |
Total lease payments |  | 2,786,223 |  |  | 44,638 |  |  | 2,830,861 |
Less: Interest |  | (507,962) |  |  | (10,213) |  |  | (518,175) |
Present value of lease liabilities |  | $ | 2,278,261 |  |  | $ | 34,425 |  |  | $ | 2,312,686 |
(a) Operating lease payments exclude $212.8 million of legally binding minimum lease payments for leases signed, but not yet commenced.
Finance Lease, Liability, Maturity | The following table summarizes the future maturities of the Company’s lease liabilities (in thousands):
|  | Operating Leases (a) |  | Finance Leases |  |  | Total |
2020 |  | $ | 369,079 |  |  | $ | 5,663 |  |  | $ | 374,742 |
2021 |  | 350,527 |  |  | 5,723 |  |  | 356,250 |
2022 |  | 326,908 |  |  | 4,601 |  |  | 331,509 |
2023 |  | 301,783 |  |  | 3,409 |  |  | 305,192 |
2024 |  | 268,255 |  |  | 3,424 |  |  | 271,679 |
After 2024 |  | 1,169,671 |  |  | 21,818 |  |  | 1,191,489 |
Total lease payments |  | 2,786,223 |  |  | 44,638 |  |  | 2,830,861 |
Less: Interest |  | (507,962) |  |  | (10,213) |  |  | (518,175) |
Present value of lease liabilities |  | $ | 2,278,261 |  |  | $ | 34,425 |  |  | $ | 2,312,686 |
(a) Operating lease payments exclude $212.8 million of legally binding minimum lease payments for leases signed, but not yet commenced.
Leases, Term and Discount Rate | The following table summarizes the Company’s lease term and discount rate:
|  | December 28, 2019
Weighted-average remaining lease term (years): |  |
Finance leases |  | 10.0
Operating leases |  | 9.0
Weighted-average discount rate: |  |
Finance leases |  | 5.1 | %
Operating leases |  | 4.3 | %
Leases, cash flow supplemental disclosure | The following table summarizes the other information related to the Company’s lease liabilities (in thousands):
|  | Fiscal Year Ended
|  | December 28, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |
Financing cash flows from finance leases |  | $ | 3,709 |
Operating cash flows from finance leases |  | 1,629 |
Operating cash flows from operating leases |  | 360,580 |
Schedule of future minimum rental payments due for operating leases |
|  | Capital Leases |  | Operating Leases
2019 |  |  | $ | 5,215 |  |  | $ | 344,836 |
2020 |  |  | 5,234 |  |  | 328,589 |
2021 |  |  | 5,294 |  |  | 306,572 |
2022 |  |  | 4,172 |  |  | 284,327 |
2023 |  |  | 2,980 |  |  | 260,518 |
Thereafter |  | 20,169 |  |  | 1,175,972 |
Total minimum lease payments |  | 43,064 |  |  | $ | 2,700,814 |
Amount representing interest |  | (10,148) |  |  |
Present value of minimum lease payments |  | 32,916 |  |  |
Less: current portion |  | (3,646) |  |  |
Long-term capital lease obligations |  | $ | 29,270 |  |  |

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph (Note 1,3) -URI http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41499-112717 Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118943654&loc=d3e12069-110248 Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84164451&loc=d3e36991-112694 + Details
Name: | us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
Name: | us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration