XML 38 R28.htm IDEA: XBRL DOCUMENT v3.23.2
LEASES (Tables)
6 Months Ended
Jun. 25, 2023
Leases [Abstract]  
Components of Lease Cost
The components of lease cost for the thirteen and twenty-six weeks ended June 25, 2023 and June 26, 2022 were as follows:

Thirteen weeks endedTwenty-six weeks ended
(dollar amounts in thousands)ClassificationJune 25,
2023
June 26,
2022
June 25,
2023
June 26,
2022
Operating lease costOccupancy and related expense
General and administrative expense
Pre-opening costs
12,586 11,847 24,415 21,488 
Variable lease costOccupancy and related expense
General and administrative expense
2,178 1,278 4,790 3,301 
Short term lease costOccupancy and related expense
General and administrative expense
74 33 219 178 
Sublease incomeGeneral and administrative expense(178)(233)(356)(411)
Total lease cost$14,660 $12,925 $29,068 $24,556 
A summary of lease terms and discount rates for operating leases as of June 25, 2023 and December 25, 2022 is as follows:

June 25,
2023
December 25,
2022
Weighted average remaining lease term (years):
Operating Leases7.727.98
Weighted average discount rate:
Operating Leases6.41 %6.09 %

Supplemental cash flow information related to leases for the twenty-six weeks ended June 25, 2023 and June 26, 2022:
June 25,
2023
June 26,
2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net of lease incentives$21,870 $9,105 
Right of use assets obtained in exchange for lease obligations:
Operating leases$14,125 32,417 
Future Minimum Lease Payments
As of June 25, 2023, future minimum lease payments for operating leases consisted of the following:

(dollar amounts in thousands)
202320,499 
202453,103 
202553,354 
202652,247 
202747,957 
Thereafter
169,683 
Total
396,843 
Less: imputed interest93,861 
Total lease liabilities302,982