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Leases (Tables)

6 Months Ended

Mar. 30, 2024

Leases [Abstract]

Maturities of Lease Liabilities

Fiscal Year		Operating Leases			Finance Leases
Remainder of 2024		$	4,161,938		$	420,000
2025			8,238,176			840,000
2026			7,076,845			840,000
2027			6,317,262			840,000
2028			4,775,296			840,000
Thereafter			20,409,830			101,500
Total lease payments		$	50,979,347		$	3,881,500
Less amount representing interest			11,231,895			499,028
Present value of lease liabilities		$	39,747,452		$	3,382,472

Schedule of Rental Income

	Three Months Ended			Six Months Ended
	March 30, 2024			March 30, 2024
Rents earned on owned and subleased properties:
Base rentals	$	6,821,138		$	13,702,796
Variable rentals		50,956			101,912
Total		6,872,094			13,804,708
Depreciation on owned properties leased to others		(2,037,120)			(4,033,370)
Other shopping center expenses		(1,203,110)			(1,992,714)
Total	$	3,631,864		$	7,778,624

Future Minimum Operating Lease Receipts

Fiscal Year
Remainder of 2024	$	10,041,564
2025		18,463,750
2026		14,827,515
2027		11,596,313
2028		8,869,669
Thereafter		31,408,311
Total minimum future rental income	$	95,207,122

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- References

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-12

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- Definition

Tabular disclosure of components of income from sales-type lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482964/270-10-50-6A

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