Leases (Tables)

3 Months Ended

Mar. 24, 2019

The components of operating and finance lease cost for the first quarter of 2019 were as follows:


	Fiscal Quarter Ended
	March 24, 2019
Operating lease cost	$	10,796
Finance lease cost:
Amortization of right-of-use assets		254
Interest on lease liabilities		479

Total finance lease cost	$	733

Supplemental balance sheet information related to the Company’s finance leases as of March 24, 2019 and December 30, 2018 was as follows:


	March 24, 2019			December 30, 2018
Land and buildings	$	22,182		$	22,171
Accumulated depreciation and amortization		(6,932	)		(6,678	)

Finance lease assets, net	$	15,250		$	15,493

Current portion of long-term debt	$	659		$	643
Long-term debt, less current portion		16,202			16,363

Total principal payable on finance leases	$	16,861		$	17,006


	Operating Leases			Finance Leases
Weighted average remaining lease term		7 years			14 years
Weighted average discount rate		4.1	%		11.3	%

Supplemental cash flow information related to leases for the first quarter of 2019 was as follows:


	Fiscal Quarter Ended
	March 24, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	10,690
Operating cash flows from finance leases		479
Financing cash flows from finance leases		155
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		12,977
Finance leases		—

Maturities of lease liabilities as of March 24, 2019 were as follows:


	Operating Leases			Finance Leases
2019, excluding the quarter ended March 24, 2019	$	29,314		$	1,799
2020		38,791			2,416
2021		35,915			2,434
2022		32,545			2,452
2023		29,188			2,475
Thereafter		107,039			23,792

Total future minimum rental commitments		272,792			35,368
Less – amounts representing interest		(42,531	)		(18,507	)

Total lease liabilities	$	230,261		$	16,861

Maturities of lease liabilities as of December 30, 2018 were as follows:


	Operating Leases		Finance Leases
2019	$	40,752	$	2,396
2020		37,519		2,415
2021		34,538		2,433
2022		30,763		2,451
2023		27,388		2,474
Thereafter		100,310		23,781

Total future minimum rental commitments	$	271,270		35,950

Less – amounts representing interest				(18,944	)

Total principal payable on finance leases			$	17,006