XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.22.0.1

LEASES | 6 Months Ended
--- | ---
Dec. 29, 2021
Leases [Abstract] |
Leases | We typically lease our restaurant facilities through ground leases (where we lease land only, but construct the building and improvements) or retail leases (where we lease the land/retail space and building). In addition to our restaurant facilities, we also lease our corporate headquarters location and certain equipment. Lease Amounts Included in the Consolidated Statements of Comprehensive Income (Unaudited) The components of lease expenses included in the Consolidated Statements of Comprehensive Income (Unaudited) were as follows:
| Thirteen Week Periods Ended |  | Twenty-Six Week Periods Ended
| December 29, 2021 |  | December 23, 2020 |  | December 29, 2021 |  | December 23, 2020
Operating lease cost | $ | 43.2 |  |  | $ | 42.0 |  |  | $ | 84.6 |  |  | $ | 83.7 |
Variable lease cost | 15.1 |  |  | 14.9 |  |  | 30.2 |  |  | 28.9 |
Finance lease amortization | 6.1 |  |  | 4.2 |  |  | 11.7 |  |  | 8.2 |
Finance lease interest | 1.4 |  |  | 1.4 |  |  | 3.0 |  |  | 2.9 |
Short-term lease cost | 0.2 |  |  | 0.1 |  |  | 0.3 |  |  | 0.2 |
Sublease income | (1.3) |  |  | (1.2) |  |  | (2.4) |  |  | (2.2) |
Total lease costs, net | $ | 64.7 |  |  | $ | 61.4 |  |  | $ | 127.4 |  |  | $ | 121.7 |
Pre-Commencement Leases As of the end of the second quarter of fiscal 2022, we have 17 pre-commencement leases for new Chili’s locations with undiscounted fixed payments over the initial term of $25.4 million. These leases are expected to commence in the next 12 months and are expected to have an economic lease term of 20 years. These leases will commence when the landlords make the property available to us for new restaurant construction. We will assess the reasonably certain lease term at the lease commencement date. Significant Changes in Leases during the Period In the first quarter of fiscal 2022, as part of the Chili’s Mid-Atlantic Region Acquisition, we assumed 11 new real estate operating leases included in the balances at December 29, 2021. At December 29, 2021, the balances associated with these new leases in the Consolidated Balance Sheets (Unaudited) include Operating lease assets of $23.3 million, Operating lease liabilities of $0.6 million, and Long-term operating lease liabilities, less current portion of $22.9 million. The leases were recorded net of prepaid rent at the date of acquisition. In the second quarter of fiscal 2022, as part of the Chili’s Great Lakes Region Acquisition, we assumed 26 new real estate operating leases included in the balances at December 29, 2021. At December 29, 2021, the balances associated with these new leases in the Consolidated Balance Sheets (Unaudited) include Operating lease assets of $47.7 million, Operating lease liabilities of $1.5 million, and Long-term operating lease liabilities, less current portion of $46.7 million. The leases were recorded net of purchase price accounting adjustments and prepaid rent at the date of acquisition. Refer to Note 2 - Chili’s Restaurant Acquisitions for further details. Restaurant Properties Sale Leaseback Transaction In the first quarter of fiscal 2022, simultaneous with the Mid-Atlantic Region Acquisition, we completed sale leaseback transactions on six of the acquired restaurants. The properties were sold at their acquisition cost resulting in proceeds of $20.5 million with no gain or loss. The initial terms of all leases we entered into as part of the sale leaseback transactions are for 15 years, plus renewal options at our discretion. All of the leases were determined to be operating leases. Rent expenses associated with these operating leases are recognized on a straight-line basis over the lease terms under ASC 842. At December 29, 2021, the balances associated with these new leases in the Consolidated Balance Sheets (Unaudited) include Operating lease assets of $18.1 million, Operating lease liabilities of $0.4 million, and Long-term operating lease liabilities, less current portion of $17.7 million.

X
- Definition Leases, Lessee Disclosure + References No definition available. + Details
Name: | eat_LeasesLesseeDisclosureTextBlock
Namespace Prefix: | eat_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration