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Leases (Tables)
9 Months Ended
Oct. 04, 2025
Leases [Abstract]  
Lease Modifications and Renewals and Lease Terminations

The following table details lease modifications and renewals and lease terminations (amounts in thousands):

 

 

 

For the Twelve Weeks Ended

 

 

For the Forty Weeks Ended

 

 

 

October 4, 2025

 

 

October 5, 2024

 

 

October 4, 2025

 

 

October 5, 2024

 

Lease modifications and renewals

 

$

1,945

 

 

$

7,994

 

 

$

12,662

 

 

$

28,630

 

Lease terminations

 

$

157

 

 

$

88

 

 

$

1,038

 

 

$

1,640

 

Lease Costs Incurred By Lease Type, and/or Type Of Payment

Lease costs incurred by lease type, and/or type of payment, and other supplemental quantitative disclosures as of and for the twelve and forty weeks ended October 4, 2025 and October 5, 2024, were as follows (amounts in thousands):

 

 

 

For the Twelve Weeks Ended

 

 

For the Forty Weeks Ended

 

 

 

October 4, 2025

 

 

October 5, 2024

 

 

October 4, 2025

 

 

October 5, 2024

 

Lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

22

 

 

$

62

 

 

$

66

 

 

$

213

 

Interest on lease liabilities

 

 

3

 

 

 

1

 

 

 

9

 

 

 

5

 

Operating lease cost

 

 

21,092

 

 

 

17,576

 

 

 

70,709

 

 

 

55,074

 

Short-term lease cost

 

 

3,664

 

 

 

2,905

 

 

 

11,659

 

 

 

6,332

 

Variable lease cost

 

 

10,112

 

 

 

10,246

 

 

 

31,619

 

 

 

32,594

 

Total lease cost

 

$

34,893

 

 

$

30,790

 

 

$

114,062

 

 

$

94,218

 

Other Supplemental Quantitative Disclosures

 

 

For the Forty Weeks Ended

 

 

 

October 4, 2025

 

 

October 5, 2024

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from financing leases

 

$

9

 

 

$

5

 

Operating cash flows from operating leases

 

$

76,257

 

 

$

60,467

 

Financing cash flows from financing leases

 

$

64

 

 

$

235

 

Right-of-use assets obtained in exchange for new financing lease liabilities

 

$

129

 

 

$

218

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

65,870

 

 

$

57,098

 

 

Weighted-average remaining lease term (years):

 

 

 

Financing leases

 

 

3.7

 

Operating leases

 

 

5.8

 

Weighted-average IBR (percentage):

 

 

 

Financing leases

 

 

4.8

 

Operating leases

 

 

5.3

 

Estimated Undiscounted Future Lease Payments Under Non-Cancelable Operating Leases and Financing Leases with Reconciliation of Undiscounted Cash Flows

Estimated undiscounted future lease payments under non-cancelable operating leases and financing leases, along with a reconciliation of the undiscounted cash flows to operating and financing lease liabilities, respectively, as of October 4, 2025 (in thousands) were as follows:

 

 

 

Operating lease
liabilities

 

 

Financing lease
liabilities

 

Remainder of 2025

 

$

22,850

 

 

$

1

 

2026

 

 

85,308

 

 

 

92

 

2027

 

 

77,101

 

 

 

71

 

2028

 

 

57,340

 

 

 

58

 

2029

 

 

39,735

 

 

 

52

 

2030 and thereafter

 

 

109,668

 

 

 

4

 

Total minimum lease payments

 

 

392,002

 

 

 

278

 

Less: amount of lease payments representing interest

 

 

(55,015

)

 

 

(25

)

Present value of future minimum lease payments

 

 

336,987

 

 

 

253

 

Less: current obligations under leases

 

 

(74,486

)

 

 

(118

)

Long-term lease obligations

 

$

262,501

 

 

$

135