As a result of COVID-19, the Company suspended the payment of rent on the majority of its leases in April 2020 and entered into discussions with landlords regarding the restructuring of those leases in light of various contractual and legal defenses. The Company entered into 321 amendments with our respective landlords during the year ended December 27, 2020. Under these agreements, certain rent payments will be abated, deferred or modified without penalty for various periods, generally covering two to four months of rent payments. In April 2020, the Financial Accounting Standards Board issued guidance allowing entities to make a policy election whether to account for lease concessions related to the COVID-19 pandemic as lease modifications. The election applies to any lessor-provided lease concession related to the impact of the COVID-19 pandemic, provided the concession does not result in a substantial increase in the rights of the lessor or in the obligations of the lessee. For the lease concessions we received from certain landlords in the form of rent deferrals and abatements which were not substantial, we have elected to not account for these rent concessions as lease modifications.

The gains recognized upon lease terminations are recorded in impairment, loss on disposal of property and equipment and shop closures. The right-of use assets, liabilities and gains recognized upon termination of lease contracts were as follows:

	Fiscal Year		Fiscal Year
	2020		2019
Leases of terminated		28		11
Lease termination fees	$	2,832	$	3,130
Right-of-use assets derecognized upon lease termination		14,774		6,506
Lease liabilities derecognized upon lease termination		16,103		7,450
Gain recognized upon lease termination	$	1,329	$	944

	December 27,			December 29,
	2020			2019
Weighted average remaining lease term (years)	7.82			8.52
Weighted average discount rate		7.88	%		7.95	%

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.

-		Fiscal Year		Fiscal Year
	Classification	2020		2019
Operating lease cost	Occupancy and general and administrative expenses	$	45,350	$	45,604
Variable lease cost	Occupancy and general and administrative expenses		11,885		13,692
Total lease cost		$	57,235	$	59,296

Supplemental disclosures of cash flow information relating to leases is as follows (in thousands):

	Fiscal Year			Fiscal Year
	2020			2019
Operating cash flows rent paid for operating lease liabilities	$	35,168		$	47,335
Operating right-of-use assets obtained in exchange for new operating lease liabilities		20,369			15,765
Reduction in operating right-of-use assets due to lease terminations	$	(14,774	)	$	(6,506	)

Maturities of lease liabilities were as follows at December 27, 2020 (in thousands):

	Operating Leases
2021	$	51,156
2022		41,151
2023		36,628
2024		34,144
2025		31,481
Thereafter		110,376
Total lease payments		304,936
Less: imputed interest		(80,465	)
Present value of lease liabilities	$	224,471