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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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