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Leases, Supplemental Lease Liability - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 26, 2020 | Dec. 28, 2019
Supplemental, Lease Liability [Line Items] |  |
Operating Lease, Payments, Use | $ 385,529 | $ 360,580
Finance Lease, Principal Payments | 4,170 | 3,709
Finance Lease, Interest Payment on Liability | $ 1,765 | $ 1,629
Lease, Cost | The following table summarizes the Company’s classification of lease cost (in thousands):
|  |  |  | Fiscal Year Ended
|  | Statement of Income Location |  | December 26, 2020 |  | December 28, 2019
Finance lease cost: |  |  |  |  |  |
Amortization of lease assets |  | Depreciation and amortization |  | $ | 4,765 |  |  | $ | 4,281 |
Interest on lease liabilities |  | Interest expense, net |  | 1,765 |  |  | 1,629 |
Operating lease cost |  | Selling, general and administrative expenses |  | 379,318 |  |  | 353,961 |
Variable lease cost |  | Selling, general and administrative expenses |  | 80,154 |  |  | 73,768 |
Net lease cost |  |  |  | $ | 466,002 |  |  | $ | 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
2021 |  | $ | 394,576 |  |  | $ | 6,269 |  |  | $ | 400,845 |
2022 |  | 377,051 |  |  | 5,243 |  |  | 382,294 |
2023 |  | 356,641 |  | 4,051 |  | 360,692
2024 |  | 327,663 |  | 4,066 |  | 331,729
2025 |  | 297,827 |  | 3,994 |  | 301,821
After 2025 |  | 1,285,285 |  | 24,503 |  | 1,309,788
Total lease payments |  | 3,039,043 |  | 48,126 |  | 3,087,169
Less: Interest |  | (519,443) |  |  | (10,476) |  |  | (529,919) |
Present value of lease liabilities |  | $ | 2,519,600 |  |  | $ | 37,650 |  |  | $ | 2,557,250 |
(a) Operating lease payments exclude $174.1 million of legally binding minimum lease payments for leases signed, but not yet commenced. |
Lessee, Operating Lease, Disclosure | The following table summarizes the Company’s lease term and discount rate:
|  | December 26, 2020 |  | December 28, 2019
Weighted-average remaining lease term (years): |  |  |  |
Finance leases |  | 10.4 |  | 10.0
Operating leases |  | 9.1 |  | 9.0
Weighted-average discount rate: |  |  |  |
Finance leases |  | 4.9 | % |  | 5.1 | %
Operating leases |  | 4.1 | % |  | 4.3 | %
Schedule of Cash Flow, Supplemental Disclosures | The following table summarizes the other information related to the Company’s lease liabilities (in thousands):
|  | Fiscal Year Ended
|  | December 26, 2020 |  | December 28, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Financing cash flows used for finance leases |  | $ | 4,170 |  |  | $ | 3,709 |
Operating cash flows used for finance leases |  | 1,765 |  |  | 1,629 |
Operating cash flows for operating leases |  | 385,529 |  |  | 360,580 |

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