XML 25 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies
6 Months Ended
Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies
WRI leases certain office and retail space and equipment under non-cancelable operating leases with terms expiring at various dates through April 2033.
A schedule of future minimum rental payments required under our operating leases, excluding contingent rent, that have initial or remaining non-cancelable lease terms in excess of one year, as of June 30, 2018, is as follows (in thousands):
Remainder of fiscal year 2018
$
956

Fiscal year 2019
1,824

Fiscal year 2020
1,700

Fiscal year 2021
1,547

Fiscal year 2022
1,494

Fiscal year 2023
1,296

Thereafter
4,121

Total
$
12,938


Rent expense under cancelable and non-cancelable leases was $561,000 and $489,000 for the thirteen weeks ended June 30, 2018 and July 1, 2017, respectively, and $1.1 million and $980,000 for the twenty-six weeks ended June 30, 2018 and July 1, 2017, respectively.
The Company is subject to legal proceedings, claims and liabilities, such as employment-related claims and premises-liability cases, which arise in the ordinary course of business and are generally covered by insurance. In the opinion of management, the amount of ultimate liability with respect to those actions should not have a material adverse impact on the Company’s financial position, results of operations or cash flows.