Leases (Tables)

3 Months Ended

Mar. 30, 2022

A summary of operating and finance lease assets and lease liabilities as of March 30, 2022 and December 29, 2021 were as follows:


	Classification	March 30 2022		December 29 2021
Operating leases	Operating lease assets	$	346,128	$	347,277
Finance leases	Property and equipment, net	6,733		6,810
Total right-of-use assets		$	352,861	$	354,087




Operating leases:
	Operating lease liabilities, current	$	36,951	$	35,519
	Long-term operating lease liabilities	399,487		400,113
Finance leases:
	Other current liabilities	2,697		2,711
	Other long-term liabilities	4,246		4,303
Total lease liabilities		$	443,381	$	442,646

The components of lease expense for the thirteen weeks ended March 30, 2022 and March 31, 2021 were as follows:


			Thirteen Weeks Ended
		Classification	March 30 2022		March 31 2021
Operating lease cost		Occupancy and related expenses Pre-opening costs General and administrative expenses	$	13,681	$	12,330
Finance lease cost:
	Amortization of right-of-use assets	Depreciation and amortization expense	753		613
	Interest on lease liabilities	Interest expense	52		54
Variable lease cost		Occupancy and related expenses Other operating expenses Pre-opening costs General and administrative expenses	3,504		2,851
Short-term lease cost		Occupancy and related expenses	98		82
Total lease cost			$	18,088	$	15,930


		March 30 2022		December 29 2021
Weighted average remaining lease term (years):
	Operating leases	9.1		9.5
	Finance leases	5.3		5.4
Weighted average discount rate:
	Operating leases	5.2	%	3.9	%
	Finance leases	3.1	%	3.1	%

Supplemental cash flow information related to leases for the thirteen weeks ended March 30, 2022 and March 31, 2021 were as follows:


		Thirteen Weeks Ended
		March 30 2022		March 31 2021
Cash paid for amounts included in the measurement of lease liabilities:
	Operating cash flows from operating leases	$	13,525	$	11,825
	Operating cash flows from finance leases	52		54
	Financing cash flows from finance leases	747		602
Right-of-use assets obtained in exchange for lease obligations:
	Operating leases	5,541		11,095
	Finance leases	676		1,518

As of March 30, 2022, future minimum lease payments for operating and finance leases consisted of the following:

(1)Operating leases are net of certain tenant allowance receivables that were reclassified to Other current assets as of March 30, 2022.

As of March 30, 2022, future minimum lease payments for operating and finance leases consisted of the following:

(1)Operating leases are net of certain tenant allowance receivables that were reclassified to Other current assets as of March 30, 2022.