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Leases (Tables)

12 Months Ended

Dec. 25, 2021

Leases [Abstract]

ROU assets and lease liabilities

otal right-of-use ("ROU") assets and lease liabilities were as follows:


		Classification		Leases
				December 25, 2021				December 26, 2020
				(in thousands)
Right-of-use assets
Operating lease assets		Operating right-of-use assets		$	52,774			$	58,483
Finance lease assets		Property, plant and equipment, net			3,014				4,035
Lease Liabilities
Current
Operating lease liabilities		Current operating lease liabilities			7,634				8,232
Finance lease liabilities		Accrued expenses and other current liabilities			1,598				1,453
Non-current
Operating lease liabilities		Non-current operating lease liabilities			53,849				59,171
Finance lease liabilities		Other liabilities			1,459				2,631

Schedule of gross value and accumulated depreciation of right of use assets

The gross value and accumulated depreciation of ROU assets related to finance leases were as follows:


		Finance Leases
		December 25, 2021				December 26, 2020
		(in thousands)
Gross value		$	5,998			$	5,526
Accumulated amortization			(2,984	)			(1,491	)
Carrying value		$	3,014			$	4,035

Components of lease cost

Components of lease cost for the fiscal year-ended are as follows:



		Fifty-two weeks ended
		December 25, 2021				December 26, 2020				December 28, 2019
		(in thousands)
Operating lease cost		$	10,283			$	9,764			$	5,625
Variable lease costs not included in liability			1,132				1,643				1,064
Finance lease cost:
Amortization of right-of-use asset			1,493			$	1,185			$	306
Interest on lease liabilities			121				143				56
Total finance lease cost		$	1,614			$	1,328			$	362

Maturities of lease liabilities

Maturities of lease liabilities as of December 25, 2021 are as follows:


		Operating				Finance				Weighted- Average Remaining Term in Years
		Leases				Leases				Operating Leases				Finance Leases
						(in thousands)
2022		$	9,633			$	1,669
2023			10,411				959
2024			10,407				362
2025			7,102				104
2026			6,671				56
Thereafter			26,907				8
Total lease payments			71,131				3,158
Less imputed interest (based on 3.4% weighted-average discount rate)			(9,648	)			(101	)
Present value of lease liability		$	61,483			$	3,057				8.0			2.3