XML 43 R29.htm IDEA: XBRL DOCUMENT
v3.21.1

Leases (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Leases [Abstract] |
Lease, Cost | A summary of finance and operating lease right-of-use assets and liabilities as of March 31, 2021 and December 30, 2020 is as follows:
| Classification | March 31 2021 |  | December 30 2020
Finance leases | Property and equipment, net | $ | 6,315 |  |  | $ | 5,409 |
Operating leases | Operating lease assets | 312,087 |  |  | 306,317 |
Total right-of-use assets |  | $ | 318,402 |  |  | $ | 311,726 |
Finance leases: |  |  |  |
| Other current liabilities | $ | 2,445 |  |  | $ | 1,998 |
| Other long-term liabilities | 4,056 |  |  | 3,586 |
Operating leases: |  |  |  |
| Operating lease liabilities, current | 37,275 |  |  | 35,657 |
| Long-term operating lease liabilities | 349,670 |  |  | 343,736 |
Total lease liabilities |  | $ | 393,446 |  |  | $ | 384,977 |
The components of lease expense for the thirteen weeks ended March 31, 2021 and March 25, 2020 was as follows:
|  |  | Thirteen Weeks Ended |  |
|  | Classification | March 31 2021 |  | March 25 2020 |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |
| Amortization of right-of-use assets | Depreciation expense | $ | 613 |  |  | $ | 577 |  |  |  |  |
| Interest on lease liabilities | Interest expense | 54 |  |  | 55 |  |  |  |  |
Operating lease cost | Occupancy and related expenses Pre-opening costs General and administrative expenses | 12,330 |  |  | 10,742 |  |  |  |  |
Short-term lease cost | Occupancy and related expenses | 82 |  |  | 124 |  |  |  |  |
Variable lease cost | Occupancy and related expenses Pre-opening costs General and administrative expenses | 2,851 |  |  | 3,730 |  |  |  |  |
Total lease cost |  | $ | 15,930 |  |  | $ | 15,228 |  |  |  |  |
A summary of lease terms and discount rates for finance and operating leases as of March 31, 2021 and December 30, 2020 is as follows:
|  | March 31 2021 |  | December 30 2020 |  |
Weighted-average remaining lease term (years): |  |  |  |  |
| Finance leases | 5.5 |  | 5.2 |  |
| Operating leases | 9.6 |  | 9.7 |  |
Weighted-average discount rate: |  |  |  |  |
| Finance leases | 3.5 | % |  | 3.6 | % |  |
| Operating leases | 3.9 | % |  | 4.2 | % |  |
Supplemental cash flow information related to leases for the thirteen weeks ended March 31, 2021 and March 25, 2020 is as follows:
|  | Thirteen Weeks Ended |  |
|  | March 31 2021 |  | March 25 2020 |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
| Operating cash flows from finance leases | 54 |  |  | $ | 55 |  |  |
| Operating cash flows from operating leases | 11,825 |  |  | 11,329 |  |  |
| Financing cash flows from finance leases | 602 |  |  | 559 |  |  |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |
| Finance leases | 1,518 |  |  | 716 |  |  |
| Operating leases | 11,095 |  |  | 28,035 |  |  |
Lessee, Operating Lease, Liability, Maturity | As of March 31, 2021, future minimum lease payments for finance and operating leases consisted of the following:
| Finance Leases |  | Operating Leases
2021 | $ | 2,023 |  |  | $ | 35,013 |
2022 | 2,183 |  |  | 53,111 |
2023 | 1,326 |  |  | 56,121 |
2024 | 689 |  |  | 55,896 |
2025 | 438 |  |  | 54,853 |
Thereafter | 289 |  |  | 246,023 |
Total minimum payments | 6,948 |  |  | 501,017 |
Less: imputed interest | 447 |  |  | 114,072 |
Total lease liabilities | $ | 6,501 |  |  | $ | 386,945 |
Finance Lease, Liability, Maturity | As of March 31, 2021, future minimum lease payments for finance and operating leases consisted of the following:
| Finance Leases |  | Operating Leases
2021 | $ | 2,023 |  |  | $ | 35,013 |
2022 | 2,183 |  |  | 53,111 |
2023 | 1,326 |  |  | 56,121 |
2024 | 689 |  |  | 55,896 |
2025 | 438 |  |  | 54,853 |
Thereafter | 289 |  |  | 246,023 |
Total minimum payments | 6,948 |  |  | 501,017 |
Less: imputed interest | 447 |  |  | 114,072 |
Total lease liabilities | $ | 6,501 |  |  | $ | 386,945 |

X
- 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=121609121&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=121609121&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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

X
- 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=121609121&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration