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v3.20.2

Leases (Tables) | 9 Months Ended
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Sep. 23, 2020
Leases [Abstract] |
Lease, Cost | A summary of finance and operating lease right-of-use assets and liabilities as of September 23, 2020 and December 25, 2019 is as follows:
| Classification | September 23 2020 |  | December 25 2019
Finance leases | Property and equipment, net | $ | 5,109 |  |  | $ | 5,444 |
Operating leases | Operating lease assets | 305,133 |  |  | 274,426 |
Total right-of-use assets |  | $ | 310,242 |  |  | $ | 279,870 |
Finance leases: |  |  |  |
| Other current liabilities | $ | 1,740 |  |  | $ | 1,873 |
| Other long-term liabilities | 3,493 |  |  | 3,643 |
Operating leases: |  |  |  |
| Operating lease liabilities, current | 34,859 |  |  | 30,002 |
| Long-term operating lease liabilities | 336,149 |  |  | 304,914 |
Total lease liabilities |  | $ | 376,241 |  |  | $ | 340,432 |
The components of lease expense for the thirteen and thirty-nine weeks ended September 23, 2020 and September 25, 2019 was as follows:
|  |  | Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
|  | Classification | September 23 2020 |  | September 25 2019 |  | September 23 2020 |  | September 25 2019
Finance lease cost: |  |  |  |  |  |  |  |
| Amortization of right-of-use assets | Depreciation expense | $ | 531 |  |  | $ | 538 |  |  | $ | 1,710 |  |  | $ | 1,491 |
| Interest on lease liabilities | Interest expense | 51 |  |  | 52 |  |  | 161 |  |  | 148 |
Operating lease cost | Occupancy and related expenses General and administrative expenses Pre-opening costs | 11,506 |  |  | 10,564 |  |  | 33,726 |  |  | 29,329 |
Short-term lease cost | Occupancy and related expenses | 138 |  |  | 279 |  |  | 331 |  |  | 313 |
Variable lease cost | Other operating expenses Occupancy and related expenses General and administrative expenses Pre-opening costs | 3,267 |  |  | 4,338 |  |  | 9,413 |  |  | 11,636 |
Total lease cost |  | $ | 15,493 |  |  | $ | 15,771 |  |  | $ | 45,341 |  |  | $ | 42,917 |
A summary of lease terms and discount rates for finance and operating leases as of September 23, 2020 and December 25, 2019 is as follows:
|  | September 23 2020 |  | December 25 2019 |  |
Weighted-average remaining lease term (years): |  |  |  |  |
| Finance leases | 5.3 |  | 5.1 |  |
| Operating leases | 9.8 |  | 10.1 |  |
Weighted-average discount rate: |  |  |  |  |
| Finance leases | 3.6 | % |  | 3.7 | % |  |
| Operating leases | 3.8 | % |  | 5.4 | % |  |
Supplemental cash flow information related to leases for the thirty-nine weeks ended September 23, 2020 and September 25, 2019 is as follows:
|  | Thirty-Nine Weeks Ended |  |
|  | September 23 2020 |  | September 25 2019 |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
| Operating cash flows from finance leases | 161 |  |  | $ | 148 |  |  |
| Operating cash flows from operating leases | 29,449 |  |  | 27,238 |  |  |
| Financing cash flows from finance leases | 1,670 |  |  | 1,433 |  |  |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |
| Finance leases | 1,411 |  |  | 1,927 |  |  |
| Operating leases | 42,502 |  |  | 65,773 |  |  |
Lessee, Operating Lease, Liability, Maturity | As of September 23, 2020, future minimum lease payments for finance and operating leases consisted of the following:
| Finance Leases |  | Operating Leases
2020 | $ | 527 |  |  | $ | 16,785 |
2021 | 1,890 |  |  | 46,943 |
2022 | 1,400 |  |  | 53,151 |
2023 | 896 |  |  | 53,705 |
2024 | 541 |  |  | 52,785 |
Thereafter | 406 |  |  | 268,128 |
Total minimum payments | 5,660 |  |  | 491,497 |
Less: imputed interest | 427 |  |  | 120,489 |
Total lease liabilities | $ | 5,233 |  |  | $ | 371,008 |
Finance Lease, Liability, Maturity | As of September 23, 2020, future minimum lease payments for finance and operating leases consisted of the following:
| Finance Leases |  | Operating Leases
2020 | $ | 527 |  |  | $ | 16,785 |
2021 | 1,890 |  |  | 46,943 |
2022 | 1,400 |  |  | 53,151 |
2023 | 896 |  |  | 53,705 |
2024 | 541 |  |  | 52,785 |
Thereafter | 406 |  |  | 268,128 |
Total minimum payments | 5,660 |  |  | 491,497 |
Less: imputed interest | 427 |  |  | 120,489 |
Total lease liabilities | $ | 5,233 |  |  | $ | 371,008 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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