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Leases (Tables) | 9 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Summary of components of lease cost recorded on the consolidated statements of operations | The components of lease cost recorded on the condensed consolidated statements of operations were as follows:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation of right-of-use assets |  | $ | 2,695 |  |  | $ | 3,020 |  |  | $ | 8,333 |  |  | $ | 9,104 |
Interest on lease liabilities |  |  | 4,229 |  |  |  | 4,226 |  |  |  | 12,533 |  |  |  | 12,857 |
Operating lease costs included in store operating expenses |  |  | 46,939 |  |  |  | 36,758 |  |  |  | 134,275 |  |  |  | 105,411 |
Operating lease costs included in general and administrative expenses |  |  | 553 |  |  |  | 473 |  |  |  | 1,674 |  |  |  | 1,211 |
Lease cost related to variable lease payments, short-term leases and leases of low value assets |  |  | 556 |  |  |  | 602 |  |  |  | 1,957 |  |  |  | 1,815 |
Right-of-use asset impairment charges and loss on disposals of leases |  |  | 2,019 |  |  |  | 911 |  |  |  | 3,473 |  |  |  | 911 |
Total lease costs |  | $ | 56,991 |  |  | $ | 45,990 |  |  | $ | 162,245 |  |  | $ | 131,309 |
Summary of supplemental balance sheet date related to leases | Supplemental balance sheet data related to leases was as follows:
|  | September 30, 2023 |  |  | December 31, 2022 |
|  | (in thousands) |
Operating leases |  |  |  |  |  |
Weighted average remaining lease term (in years) |  |  | 14.2 |  |  |  | 14.1 |
Weighted average discount rate |  |  | 7.8 | % |  |  | 7.7 | %
Financing leases |  |  |  |  |  |
Weighted average remaining lease term (in years) |  |  | 22.1 |  |  |  | 23.4 |
Weighted average discount rate |  |  | 7.2 | % |  |  | 7.2 | %
Operating & Finance Leases, Liability, Maturity | The minimum lease payments presented below include periods where an option is reasonably certain to be exercised and do not take into consideration any future consumer price index adjustments for these agreements.
|  | Operating |  |  | Financing |
|  | (in thousands) |
October 2023 through September 2024 |  | $ | 175,877 |  |  | $ | 26,233 |
October 2024 through September 2025 |  |  | 177,272 |  |  |  | 27,100 |
October 2025 through September 2026 |  |  | 177,298 |  |  |  | 20,814 |
October 2026 through September 2027 |  |  | 174,992 |  |  |  | 20,777 |
October 2027 through September 2028 |  |  | 170,208 |  |  |  | 21,005 |
Thereafter |  |  | 1,662,918 |  |  |  | 409,024 |
Gross lease payments |  | $ | 2,538,565 |  |  | $ | 524,953 |
Less: imputed interest |  |  | (1,058,523 | ) |  |  | (287,316 | )
Total lease liabilities |  | $ | 1,480,042 |  |  | $ | 237,637 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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