Rent expense totaled $

15.9

million and $

32.3

million in the second quarter and two fiscal quarters of 2019, respectively, and totaled $

15.2

million and $

30.6

million in the second quarter and two fiscal quarters of 2018, respectively. Rent expense includes operating lease cost, as well as expense for

non-lease

components including common area maintenance, real estate taxes and insurance for the Company’s real estate leases. Rent expense also includes the variable rate per mile driven and fixed maintenance charges for the Company’s supply chain center tractors and trailers and expense for short-term rentals.

Supplemental balance sheet information related to the Company’s leases as of June 16, 2019 and December 30, 2018 was as follows:


	June 16,			December 30,
	2019			2018
Land and buildings	$	22,183		$	22,171
Accumulated depreciation and amortization		(7,187	)		(6,678	)

Finance lease assets, net	$	14,996		$	15,493
Current portion of long-term debt	$	669		$	643
Long-term debt, less current portion		16,087			16,363

Total principal payable on finance leases	$	16,756		$	17,006

As of June 16, 2019, the weighted average remaining lease term and weighted average discount rate for the Company’s operating and finance leases were as follows:


	Operating			Finance
	Leases			Leases
Weighted average remaining lease term		8 years		14 years
Weighted average discount rate		3.9	%	11.3	%

Supplemental cash flow information related to leases for the second quarter and two fiscal quarters of 2019 was as follows:


	Fiscal Quarter Ended		Two Fiscal Quarters Ended
	June 16, 2019		June 16, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	9,398	$	20,088
Operating cash flows from finance leases		317		796
Financing cash flows from finance leases		106		261
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases		13,391		26,368
Finance leases		—		—

During the first quarter of 2018, the Company renewed the lease of a supply chain center building and extended the term of the lease through 2033. As a result of the lease renewal, the Company recorded non-cash financing activities of $2.6 million for the increase in capital lease assets and liabilities during the two fiscal quarters of 2018.

Maturities of lease liabilities as of June 16, 2019 were as follows:

	Operating			Finance
	Leases			Leases
2019	$	19,825		$	1,389
2020		36,827			2,416
2021		34,323			2,434
2022		31,191			2,452
2023		28,591			2,475
Thereafter		105,474			23,796

Total future minimum rental commitments		256,231			34,962
Less – amounts representing interest		(37,770	)		(18,206	)

Total lease liabilities	$	218,461		$	16,756

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


	Operating		Finance
	Leases		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

As of June 16, 2019, the Company has additional operating leases for supply chain center tractors and trailers and a new office building being constructed by the Company’s landlord that had not yet commenced with estimated future minimum rental commitments of approximately $36.4 million. The Company has also entered into an additional finance lease for a supply chain center that had not yet commenced with estimated future minimum rental commitments of approximately $28.7 million. These leases are expected to commence in 2019 with lease terms of up to 15 years. These undiscounted amounts are not included in the tables above.

The Company has guaranteed lease payments related to certain franchisees’ lease arrangements. The maximum amount of potential future payments under these guarantees is $18.2 million and $2.4 million as of June 16, 2019 and December 30, 2018, respectively. The Company does not believe these arrangements have or are likely to have a material effect on its results of operations, financial condition, revenues or expenses, capital expenditures or liquidity.