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Leases (Tables) | 9 Months Ended
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Jun. 26, 2020
Leases [Abstract] |
Schedule of Lease Cost | The components of lease expense (reflected in selling, general and administrative expenses) for th e three and nine month periods ended June 26, 2020 were as follows (in thousands):
|  | Three Months Ended |  | Nine Months Ended
Lease cost |  |  |  |
Operating lease cost |  | $ | 39,123 |  |  | $ | 126,855 |
Variable lease cost |  | 9,508 |  |  | 26,307 |
Sublease income |  | (3,504) |  |  | (10,688) |
Total lease cost |  | $ | 45,127 |  |  | $ | 142,474 |
Supplemental information related to the Company's leases for the nine months ended June 26, 2020 was as follows (in thousands):
|  | Nine Months Ended
Cash paid for amounts included in the measurements of lease liabilities |  | $ | 148,047 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 67,290 |
Weighted average remaining lease term - operating leases |  | 7.4 years
Weighted average discount rate - operating leases |  | 2.8 | %
Supplemental Balance Sheet Schedule | Information related to the Company's right-of use assets and lease liabilities as of June 26, 2020 was as follows (in thousands):
Lease Asset/Liabilities |  | Balance Sheet Classification |  |
Right-of-use assets |  |  |  |
Operating lease assets |  | Miscellaneous assets |  | $ | 718,161 |
Lease Liabilities |  |  |  |
Operating lease liabilities, current |  | Accrued liabilities |  | 152,438 |
Operating lease liabilities, noncurrent |  | Other deferred liabilities |  | 769,374 |
Total lease liabilities |  |  |  | $ | 921,812 |
Schedule of Operating Lease Maturity | Total remaining lease payments under the Company's leases for the remainder of fiscal 2020 and for the succeeding years is as follows (in thousands):
Fiscal Year |  | Operating Leases
2020 |  | $ | 46,762 |
2021 |  | 174,314 |
2022 |  | 156,206 |
2023 |  | 139,517 |
2024 |  | 123,429 |
Thereafter |  | 391,245 |
|  | 1,031,473 |
Less Interest |  | (109,661) |
|  | $ | 921,812 |

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- 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=121609121&loc=SL77918686-209980 + Details
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- 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=121609121&loc=SL77918701-209980 + Details
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