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Leases (Tables) | 12 Months Ended
--- | ---
Dec. 26, 2021
Leases |
Schedule of average terms of lease portfolios | ​
​ | ​
​ | Average lease term
Domestic Company-owned restaurants | Five years, plus at least one renewal
United Kingdom franchise-owned restaurants | 15 years
Domestic commissary locations | 10 years, plus at least one renewal
Domestic and international tractors and trailers | Five to seven years
Domestic and international commissary and office equipment | Three to five years
Schedule of operating lease assets and liabilities | The following schedule details the total right-of-use assets and lease liabilities on the Consolidated Balance Sheets as of December 26, 2021 and December 27, 2020 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | December 26, | ​ | ​ | December 27,
Leases | ​ | Classification | ​ | ​ | 2021 | ​ | ​ | 2020
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance lease assets, net | ​ | Finance lease right-of-use assets, net | ​ | $ | 20,907 | ​ | $ | 16,840
Operating lease assets, net | ​ | Operating lease right-of-use assets | ​ | ​ | 176,256 | ​ | ​ | 148,110
Total lease assets | ​ | ​ | ​ | $ | 197,163 | ​ | $ | 164,950
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current finance lease liabilities | ​ | Current finance lease liabilities | ​ | $ | 4,977 | ​ | $ | 3,545
Current operating lease liabilities | ​ | Current operating lease liabilities | ​ | ​ | 22,543 | ​ | ​ | 23,538
Noncurrent finance lease liabilities | ​ | Long-term finance lease liabilities | ​ | ​ | 16,580 | ​ | ​ | 13,531
Noncurrent operating lease liabilities | ​ | Long-term operating lease liabilities | ​ | ​ | 160,672 | ​ | ​ | 124,666
Total lease liabilities | ​ | ​ | ​ | $ | 204,772 | ​ | $ | 165,280
​
Schedule of components of lease expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Year Ended | ​ | ​ | Year Ended
(in thousands) | ​ | ​ | December 26, 2021 | ​ | ​ | December 27, 2020
Finance lease: | ​ | ​ | ​ | ​ | ​ | ​
Amortization of right-of-use assets | ​ | $ | 4,980 | ​ | $ | 2,342
Interest on lease liabilities | ​ | ​ | 1,140 | ​ | ​ | 606
Operating lease: | ​ | ​ | ​ | ​ | ​ | ​
Operating lease cost | ​ | ​ | 43,072 | ​ | ​ | 40,026
Short-term lease cost | ​ | ​ | 2,032 | ​ | ​ | 3,960
Variable lease cost | ​ | ​ | 8,572 | ​ | ​ | 6,503
Total lease costs | ​ | $ | 59,796 | ​ | $ | 53,437
Sublease income | ​ | ​ | (12,039) | ​ | ​ | (10,407)
Total lease costs, net of sublease income | ​ | $ | 47,757 | ​ | $ | 43,030
Schedule of future minimum lease payments and sublease income under contractually-obligated leases | Future minimum lease payments under contractually-obligated leases and associated sublease income as of December 26, 2021 are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fiscal Year | ​ | Finance Lease Costs | ​ | Operating Lease Costs | ​ | Expected Sublease Income
2022 | ​ | $ | 5,969 | ​ | $ | 33,323 | ​ | $ | 10,704
2023 | ​ | ​ | 5,919 | ​ | ​ | 32,174 | ​ | ​ | 10,515
2024 | ​ | ​ | 4,872 | ​ | ​ | 31,069 | ​ | ​ | 10,302
2025 | ​ | ​ | 3,242 | ​ | ​ | 26,794 | ​ | ​ | 9,835
2026 | ​ | ​ | 2,265 | ​ | ​ | 22,727 | ​ | ​ | 9,107
Thereafter | ​ | ​ | 1,748 | ​ | ​ | 96,187 | ​ | ​ | 44,700
Total future minimum lease payments | ​ | $ | 24,015 | ​ | $ | 242,274 | ​ | $ | 95,163
Less imputed interest | ​ | ​ | (2,458) | ​ | ​ | (59,059) | ​ | ​ | —
Total present value of lease liabilities | ​ | $ | 21,557 | ​ | $ | 183,215 | ​ | $ | 95,163
​
Schedule of supplemental cash flow information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended
(in thousands) | ​ | December 26, 2021 | ​ | December 27, 2020 | ​ | December 29, 2019
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating cash flows from finance leases | ​ | $ | 1,140 | ​ | $ | 606 | ​ | $ | 269
Financing cash flows from finance leases | ​ | ​ | 4,566 | ​ | ​ | 2,139 | ​ | ​ | 781
Operating cash flows from operating leases (a) | ​ | ​ | 38,530 | ​ | ​ | 37,113 | ​ | ​ | 40,152
Right-of-use assets obtained in exchange for new finance lease liabilities | ​ | ​ | 9,486 | ​ | ​ | 9,152 | ​ | ​ | 10,199
Right-of-use assets obtained in exchange for new operating lease liabilities (b) | ​ | ​ | 64,420 | ​ | ​ | 30,266 | ​ | ​ | 20,903
Cash received from sublease income | ​ | ​ | 11,597 | ​ | ​ | 10,545 | ​ | ​ | 10,139
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average remaining lease term (in years): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance leases | ​ | ​ | 4.51 | ​ | ​ | 4.71 | ​ | ​ | 4.75
Operating leases | ​ | ​ | 8.30 | ​ | ​ | 7.00 | ​ | ​ | 7.00
Weighted-average discount rate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance leases | ​ | ​ | 5.08% | ​ | ​ | 5.34% | ​ | ​ | 6.38%
Operating leases | ​ | ​ | 6.20% | ​ | ​ | 6.65% | ​ | ​ | 6.94%
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(a) Included within the change in Other assets and liabilities within the Consolidated Statements of Cash Flows offset by non-cash operating lease right-of-use asset amortization and lease liability accretion.
(b) Includes right-of-use assets of approximately $21.8 million for the year ended December 26, 2021 associated with the lease commencement of our Atlanta, Georgia corporate office.

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