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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

 

 

 

 

 

March 31,

 

Operating Leases

 

Classification

 

2019

 

Right-of-use assets

 

Right-of-use assets for operating leases

 

$

222,177

 

Short-term lease liabilities

 

Short-term operating lease liabilities

 

 

28,768

 

Long-term lease liabilities

 

Long-term operating lease liabilities

 

 

217,008

 

Total lease liabilities

 

 

 

 

245,776

 

Operating Lease Term and Discount Rate

Operating lease term and discount rate were as follows:

 

 

 

March 31,

 

 

 

2019

 

Weighted average remaining lease term (years)

 

8.90

 

Weighted average discount rate

 

 

8.01

%

Components of Lease Cost

Certain of the Company’s operating lease agreements include variable payments that are passed through by the landlord, such as common area maintenance and real estate taxes, as well as variable payments based on percentage rent for certain of our shops.  Pass-through charges and payments based on percentage rent are included within variable lease cost. The components of lease cost were as follows:

Supplemental Disclosures of Cash Flow Information Related to Leases

Supplemental disclosures of cash flow information related to leases were as follows:

 

 

 

13 weeks ending

 

 

 

March 31,

 

 

 

2019

 

Operating cash flows rent paid for operating lease liabilities

 

 

11,938

 

Operating right-of-use assets obtained in exchange for new operating lease liabilities

 

 

922

 

Maturities of Lease Liabilities

Maturities of lease liabilities were as follows as of March 31, 2019:

 

 

 

Operating Leases

 

Remainder of 2019

 

 

35,277

 

2020

 

 

45,402

 

2021

 

 

41,183

 

2022

 

 

36,002

 

2023

 

 

31,111

 

Thereafter

 

 

164,475

 

Total lease payments

 

 

353,450

 

Less: imputed interest

 

 

(107,674

)

Present value of lease liabilities

 

$

245,776

 

Maturities of Lease Liabilities Under the Previous Lease Accounting

As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting, maturities of lease liabilities were as follows as of December 30, 2018:

 

 

 

Operating Leases

 

2019

 

 

47,918

 

2020

 

 

45,828

 

2021

 

 

41,497

 

2022

 

 

36,120

 

2023

 

 

31,060

 

Thereafter

 

 

138,928

 

Total minimum lease payments

 

 

341,351