LEASES (Tables)

6 Months Ended

Jun. 26, 2024

A summary of operating and finance right-of-use assets and lease liabilities were as follows:


	Classification	June 26 2024		December 27 2023
Operating leases	Operating lease assets	$	419,527	$	398,296
Finance leases	Property and equipment, net	12,278		11,801
Total right-of-use assets		$	431,805	$	410,097




Operating leases:
	Operating lease liabilities, current	$	53,140	$	49,004
	Long-term operating lease liabilities	487,600		464,533
Finance leases:
	Other current liabilities	3,789		3,435
	Other long-term liabilities	8,969		8,721
Total lease liabilities		$	553,498	$	525,693

The components of lease expense were as follows:


			Thirteen Weeks Ended				Twenty-Six Weeks Ended
		Classification	June 26 2024		June 28 2023		June 26 2024		June 28 2023
Operating lease cost		Occupancy and related expenses Pre-opening costs General and administrative expenses	$	19,165	$	16,523	$	37,655	$	32,598
Finance lease cost:
	Amortization of right-of-use assets	Depreciation and amortization expense	1,075		703		2,043		1,440
	Interest on lease liabilities	Interest expense	207		72		387		142
Variable lease cost		Occupancy and related expenses Pre-opening costs General and administrative expenses	5,523		4,682		10,729		8,452
Short-term lease cost		Occupancy and related expenses	190		273		406		513
Total lease cost			$	26,160	$	22,253	$	51,220	$	43,145


		June 26 2024		December 27 2023
Weighted average remaining lease term (years):
	Operating leases	8.9		8.9
	Finance leases	4.7		4.7
Weighted average discount rate:
	Operating leases	6.2	%	6.2	%
	Finance leases	5.7	%	5.6	%

Supplemental cash flow information related to leases was as follows:


		Twenty-Six Weeks Ended
		June 26 2024		June 28 2023
Cash paid for amounts included in the measurement of lease liabilities:
	Operating cash flows from operating leases	$	40,095	$	34,454
	Operating cash flows from finance leases	387		142
	Financing cash flows from finance leases	1,918		1,504
Right-of-use assets obtained in exchange for lease obligations:
	Operating leases	43,822		37,625
	Finance leases	2,520		1,408

As of June 26, 2024, 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 June 26, 2024.

As of June 26, 2024, 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 June 26, 2024.