XML 35 R21.htm IDEA: XBRL DOCUMENT
v3.19.1

Lease Commitments | 12 Months Ended
--- | ---
Dec. 29, 2018
Leases [Abstract] |
Leases Commitments | Lease Commitments Operating Leases The Company leases real property, logistics equipment, and office equipment under long-term, non-cancelable operating leases. Our real property operating leases have customary extension options and escalation clauses. Our real estate leases also provide for payments of other costs such as real estate taxes, insurance, and common area maintenance, which are not included in rental expense or the future minimum rental payments as set forth below. Total rental expense was approximately $13.6 million, $6.1 million, and $4.2 million for fiscal 2018, 2017, and 2016, respectively. At December 29, 2018, our total operating lease commitments were as follows:
| (In thousands)
2019 | $ | 11,980 |
2020 | 9,928 |
2021 | 8,435 |
2022 | 8,066 |
2023 | 7,539 |
Thereafter | 60,847 |
Total | $ | 106,795 |
Capital Leases We have entered into certain long-term, non-cancelable capital leases for real estate, along with certain logistics equipment and vehicles. The real estate leases contain customary extension option periods and annual fixed rent escalations. As of December 29, 2018, the acquisition value and net book value of assets under capital leases was $159.6 million and $139.2 million, respectively. As of December 30, 2017, the acquisition value and net book value of assets under capital leases was $30.3 million and $16.4 million, respectively. At December 29, 2018, our total commitments under capital leases recorded in the Consolidated Balance Sheets in “other current liabilities” and “other non-current liabilities” were as follows:
| Principal |  | Interest
| (In thousands)
2019 | $ | 7,487 |  |  | $ | 13,803 |
2020 | 6,741 |  |  | 13,426 |
2021 | 4,403 |  |  | 13,129 |
2022 | 3,602 |  |  | 12,920 |
2023 | 3,206 |  |  | 12,727 |
Thereafter | 125,602 |  |  | 170,028 |
Total | $ | 151,041 |  |  | $ | 236,033 |
Sale Leaseback Transactions During fiscal 2018, we completed sale-leaseback transactions on distribution centers located in Bellingham, Massachusetts; Raleigh, North Carolina; Frederick, Maryland; and Lawrenceville, Georgia. As a result of these transactions, we recognized a capital lease asset and obligation totaling $95.1 million. During fiscal 2017, we completed sale-leaseback transactions on distribution centers located in Tampa, Florida; Ft. Worth, Texas; and Miami, Florida and recognized a capital lease asset and obligation totaling $8.0 million on two of these properties. The remaining sale-leaseback property was classified as an operating lease. We originally recognized deferred gains of $83.9 million and $13.7 million on the sale-leaseback properties in fiscal 2018 and fiscal 2017, respectively, which will be amortized over the life of the applicable lease in the case of the capital leases, or, in the case of the operating lease, will be amortized over the life of the applicable lease until our adoption of ASC 842, at which time the remaining deferred gain will be reclassified as a increase to stockholders’ equity. The liability for the capital leases and deferred gain is located in “other current liabilities” (for the portion amortizing within the next twelve months) and “other non-current liabilities” on our Consolidated Balance Sheet.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
Name: | us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration