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Leases

12 Months Ended

Dec. 27, 2022

(8) Leases

We recognize right-of-use assets and lease liabilities for both real estate and equipment leases that have a term in excess of one year. As of December 27, 2022 and December 28, 2021, these amounts were as follows:


	December 27, 2022
	Real estate		Equipment		Total
Operating lease right-of-use assets	$	625,164	$	5,094	$	630,258

Current portion of operating lease liabilities		23,803		1,687		25,490
Operating lease liabilities, net of current portion		674,468		3,406		677,874
Total operating lease liabilities	$	698,271	$	5,093	$	703,364


	December 28, 2021
	Real estate		Equipment		Total
Operating lease right-of-use assets	$	574,356	$	4,057	$	578,413

Current portion of operating lease liabilities		20,577		1,375		21,952
Operating lease liabilities, net of current portion		620,210		2,682		622,892
Total operating lease liabilities	$	640,787	$	4,057	$	644,844

Information related to our real estate operating leases as of and for the fiscal year ended December 27, 2022 and December 28, 2021 was as follows:


	Fiscal Year Ended
Real estate costs		December 27, 2022			December 28, 2021
Operating lease	$	68,742		$	62,430
Variable lease		4,393			3,767
Total lease costs	$	73,135		$	66,197


Real estate lease liabilities maturity analysis					December 27, 2022
2023				$	66,675
2024					67,195
2025					65,206
2026					65,081
2027					65,493
Thereafter					861,414
Total				$	1,191,064
Less interest					492,793
Total discounted operating lease liabilities				$	698,271


	Fiscal Year Ended
Real estate leases other information		December 27, 2022			December 28, 2021
Cash paid for amounts included in measurement of operating lease liabilities	$	63,269		$	57,040
Right-of-use assets obtained in exchange for new operating lease liabilities	$	54,666		$	68,921
Weighted-average remaining lease term (years)		17.57			17.88
Weighted-average discount rate		6.34	%		6.46	%

Operating lease payments exclude $7.9 million of future minimum lease payments for executed real estate leases of which we have not yet taken possession. In addition to the above operating leases, as of December 27, 2022, we had two finance leases with a right-of-use asset balance and lease liability balance of $2.1 million and $2.7 million, respectively. As of December 28, 2021, we had two finance leases with a right-of-use asset balance and lease liability balance of $2.2 million and $2.7 million, respectively. The right-of-use asset balance is included as a component of other assets and the lease liability balance as a component of other liabilities in the consolidated balance sheets.

In 2022, we entered into four sale leaseback transactions involving land that had recently been acquired. These sales generated proceeds of $12.9 million and no gain or loss was recognized on the transactions. In 2021, we entered into three sale leaseback transactions involving land that had recently been acquired. These sales generated proceeds of $5.6 million and no gain or loss was recognized on the transactions. The resulting operating leases are included in the operating lease right-of-use assets and lease liabilities noted above.