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LEASES
12 Months Ended
Jun. 29, 2016
Leases [Abstract]  
LEASES
LEASES
(a) Capital Leases
We lease certain buildings under capital leases. The asset value of $38.8 million and $39.0 million at June 29, 2016 and June 24, 2015, and the related accumulated amortization of $24.1 million and $22.1 million at June 29, 2016 and June 24, 2015, respectively, are included in buildings and leasehold improvements. Amortization of assets under capital leases is included in depreciation and amortization expense.
(b) Operating Leases
We lease restaurant facilities and office space under operating leases. The majority having terms expiring at various dates through fiscal 2035. The restaurant leases have cumulative renewal clauses of 1 to 30 years at our option and, in some cases, have provisions for contingent rent based upon a percentage of sales in excess of specified levels, as defined in the leases. We include other rent-related costs in rent expense, such as common area maintenance, taxes and amortization of landlord contributions.
Rent expense consists of the following (in thousands):
 
2016
 
2015
 
2014
Straight-lined minimum rent
$
107,776

 
$
92,917

 
$
90,574

Contingent rent
4,408

 
4,774

 
4,737

Other
11,283

 
9,998

 
9,817

Total rent expense
$
123,467

 
$
107,689

 
$
105,128


(c) Commitments
As of June 29, 2016, future minimum lease payments on capital and operating leases were as follows (in thousands):
 
Fiscal Year
Capital Leases
 
Operating Leases
2017
$
5,954

 
$
123,312

2018
5,745

 
116,418

2019
5,226

 
95,276

2020
4,853

 
80,881

2021
4,138

 
66,293

Thereafter
27,977

 
156,563

Total minimum lease payments(a)
53,893

 
$
638,743

Imputed interest (average rate of 7%)
(16,361
)
 
 
Present value of minimum lease payments
37,532

 
 
Less current installments
(3,563
)
 
 
 
$
33,969

 
 
____________________________________________________________________
(a)
Future minimum lease payments have not been reduced by minimum sublease rentals to be received in the future under non-cancelable subleases. The total of undiscounted future sublease rentals are approximately $25.5 million and $47.1 million for capital and operating subleases, respectively.