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Leases | 12 Months Ended
--- | ---
Dec. 31, 2022
Leases [Abstract] |
Leases | Leases At December 31, 2022, maturities of lease liabilities under existing operating leases are:
|  | Restaurant |  | Other |  | Total
2023 |  | $ | 129,459 |  |  | $ | 5,598 |  |  | $ | 135,057 |
2024 |  | 125,898 |  |  | 4,620 |  |  | 130,518 |
2025 |  | 121,605 |  |  | 3,981 |  |  | 125,586 |
2026 |  | 116,388 |  |  | 3,197 |  |  | 119,585 |
2027 |  | 112,291 |  |  | 2,617 |  |  | 114,908 |
Thereafter |  | 862,857 |  |  | 3,972 |  |  | 866,829 |
Total lease payments |  | $ | 1,468,498 |  |  | $ | 23,985 |  |  | $ | 1,492,483 |
Lease discount |  |  |  |  |  | (661,898) |
Operating lease liability |  |  |  |  |  | $ | 830,585 |
The following table is a summary of the Company’s components of lease cost for fiscal years 2022, 2021 and 2020:
Lease Expense | Statements of Income Location |  | 2022 |  | 2021 | 2020
Operating lease expense - Minimum rentals: |  |  |  |  |
Company-operated restaurants |  | Occupancy and other operating expenses |  | $ | (117,723) |  |  | $ | (94,254) |  | $ | (69,151) |
Franchised restaurants |  | Franchised restaurants - occupancy expenses |  | (44,656) |  |  | (29,969) |  | (23,510) |
General and administrative |  | General and administrative expenses |  | (6,746) |  |  | (6,590) |  | (7,062) |
Subtotal |  |  |  | (169,125) |  |  | (130,813) |  | (99,723) |
Variable lease expense - Contingent rentals based on sales: |  |  |  |  |
Company-operated restaurants |  | Occupancy and other operating expenses |  | (36,322) |  |  | (27,262) |  | (26,153) |
Franchised restaurants |  | Franchised restaurants - occupancy expenses |  | (10,810) |  |  | (9,505) |  | (13,248) |
Subtotal |  |  |  | (47,132) |  |  | (36,767) |  | (39,401) |
Total lease expense |  |  | $ | (216,257) |  |  | $ | (167,580) |  | $ | (139,124) |
Other information |  |  | 2022
Weighted-average remaining lease term (years) |  |
Operating leases |  |  |  | 7
Weighted-average discount rate |  |
Operating leases |  |  |  | 6.5 | %
The Company maintains a few finance leases agreements, previously classified as capital leases. As of December 31, 2022 and 2021 the obligation amounts to $5,032 and $6,139 respectively, included within “Long-term debt” in the Consolidated Balance Sheet. In addition, in March 2010, the Company entered into an aircraft operating lease agreement for a term of 8 years, which provides for quarterly payments of $690. The agreement includes a purchase option at the end of the lease term at fair market value and also an early purchase option at a fixed amount of $26,685 at maturity of the 24 th quarterly payment. On December 22, 2017, the Company signed an amendment, extending the term of the aircraft operating lease for an additional 10 years, with quarterly payments (retroactively effective as of December 5, 2017) of $442. The Company was required to make a cash collateral deposit of $2,500 under this agreement.
Leases | Leases At December 31, 2022, maturities of lease liabilities under existing operating leases are:
|  | Restaurant |  | Other |  | Total
2023 |  | $ | 129,459 |  |  | $ | 5,598 |  |  | $ | 135,057 |
2024 |  | 125,898 |  |  | 4,620 |  |  | 130,518 |
2025 |  | 121,605 |  |  | 3,981 |  |  | 125,586 |
2026 |  | 116,388 |  |  | 3,197 |  |  | 119,585 |
2027 |  | 112,291 |  |  | 2,617 |  |  | 114,908 |
Thereafter |  | 862,857 |  |  | 3,972 |  |  | 866,829 |
Total lease payments |  | $ | 1,468,498 |  |  | $ | 23,985 |  |  | $ | 1,492,483 |
Lease discount |  |  |  |  |  | (661,898) |
Operating lease liability |  |  |  |  |  | $ | 830,585 |
The following table is a summary of the Company’s components of lease cost for fiscal years 2022, 2021 and 2020:
Lease Expense | Statements of Income Location |  | 2022 |  | 2021 | 2020
Operating lease expense - Minimum rentals: |  |  |  |  |
Company-operated restaurants |  | Occupancy and other operating expenses |  | $ | (117,723) |  |  | $ | (94,254) |  | $ | (69,151) |
Franchised restaurants |  | Franchised restaurants - occupancy expenses |  | (44,656) |  |  | (29,969) |  | (23,510) |
General and administrative |  | General and administrative expenses |  | (6,746) |  |  | (6,590) |  | (7,062) |
Subtotal |  |  |  | (169,125) |  |  | (130,813) |  | (99,723) |
Variable lease expense - Contingent rentals based on sales: |  |  |  |  |
Company-operated restaurants |  | Occupancy and other operating expenses |  | (36,322) |  |  | (27,262) |  | (26,153) |
Franchised restaurants |  | Franchised restaurants - occupancy expenses |  | (10,810) |  |  | (9,505) |  | (13,248) |
Subtotal |  |  |  | (47,132) |  |  | (36,767) |  | (39,401) |
Total lease expense |  |  | $ | (216,257) |  |  | $ | (167,580) |  | $ | (139,124) |
Other information |  |  | 2022
Weighted-average remaining lease term (years) |  |
Operating leases |  |  |  | 7
Weighted-average discount rate |  |
Operating leases |  |  |  | 6.5 | %
The Company maintains a few finance leases agreements, previously classified as capital leases. As of December 31, 2022 and 2021 the obligation amounts to $5,032 and $6,139 respectively, included within “Long-term debt” in the Consolidated Balance Sheet. In addition, in March 2010, the Company entered into an aircraft operating lease agreement for a term of 8 years, which provides for quarterly payments of $690. The agreement includes a purchase option at the end of the lease term at fair market value and also an early purchase option at a fixed amount of $26,685 at maturity of the 24 th quarterly payment. On December 22, 2017, the Company signed an amendment, extending the term of the aircraft operating lease for an additional 10 years, with quarterly payments (retroactively effective as of December 5, 2017) of $442. The Company was required to make a cash collateral deposit of $2,500 under this agreement.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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