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Leases (Tables)
3 Months Ended
Mar. 28, 2021
Leases [Abstract]  
Operating Lease Term and Discount Rate

Operating lease term and discount rate were as follows:

 

 

 

March 28,

 

 

March 29,

 

 

 

2021

 

 

2020

 

Weighted average remaining lease term (years)

 

 

7.65

 

 

 

8.33

 

Weighted average discount rate

 

 

7.83

%

 

 

7.90

%

 

Components of Lease Cost

The components of lease cost were as follows:

 

 

 

 

13 weeks ended

 

 

 

 

March 28,

 

March 29,

 

 

Classification

 

2021

 

2020

 

Operating lease cost

Occupancy and General and administrative expenses

 

 

10,411

 

 

11,770

 

Variable lease cost

Occupancy

 

 

3,239

 

 

3,322

 

Total lease cost

 

 

$

13,650

 

$

15,092

 

Supplemental Disclosures of Cash Flow Information Related to Leases

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

 

 

 

13 weeks ended

 

 

 

March 28,

 

March 29,

 

 

 

2021

 

2020

 

Operating cash flows rent paid for operating lease liabilities

 

 

12,914

 

 

11,979

 

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

 

 

1,718

 

 

5,534

 

Reduction in operating right-of-use assets due to lease terminations and modifications

 

 

3,294

 

 

1,439

 

 

Maturities of Lease Liabilities

Maturities of lease liabilities were as follows as of March 28, 2021:

 

 

 

Operating Leases

 

Remainder of 2021

 

 

36,613

 

2022

 

 

39,353

 

2023

 

 

37,229

 

2024

 

 

34,706

 

2025

 

 

31,823

 

2026

 

 

28,224

 

Thereafter

 

 

82,198

 

Total lease payments

 

 

290,146

 

Less: imputed interest

 

 

(76,343

)

Present value of lease liabilities

 

$

213,803