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Leases (Tables) | 3 Months Ended
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Mar. 28, 2019
Leases [Abstract] |
Schedule of Supplemental Balance Sheet Information Related to Leases | The adoption of ASC 842 had the following effect on the Company’s financial statements as follows (all relating to operating lease right-of-use assets and obligations):
|  | Balance at December 27, 2018 |  |  | ASC 842 Adjustments |  |  | Balance at December 28, 2018 |
|  | (in thousands) |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Other current assets |  | $ | 15,355 |  |  | $ | (690 | ) |  | $ | 14,665 |
Operating lease right-of-use assets |  |  | - |  |  |  | 76,178 |  |  |  | 76,178 |
Other assets (long term) |  |  | 33,100 |  |  |  | (8,868 | ) |  |  | 24,232 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Other accrued liabilities |  |  | 59,645 |  |  |  | (4,396 | ) |  |  | 55,249 |
Current portion of operating lease obligations |  |  | - |  |  |  | 5,909 |  |  |  | 5,909 |
Operating lease obligations |  |  | - |  |  |  | 75,608 |  |  |  | 75,608 |
Deferred compensation and other |  |  | 56,908 |  |  |  | (10,501 | ) |  |  | 46,407 |
Schedule of Lease, Cost | Total lease cost consists of the following:
Lease Cost |  | Classification |  | March 28, 2019 |
|  |  |  | (in thousands) |
Finance lease costs: |  |  |  |  |  |
Amortization of finance lease assets |  | Depreciation and amortization |  | $ | 891 |
Interest on lease liabilities |  | Interest expense |  |  | 294 |
Operating lease costs |  | Rent expense |  |  | 5,040 |
Variable lease cost |  | Rent expense |  |  | 253 |
Short-term lease cost |  | Rent expense |  |  | 110 |
Total lease costs |  |  |  | $ | 6,588 |
Schedule of Other Information Related to Leases |
Other Information |  | 13 Weeks Ended March 28, 2019 |
|  | (in thousands) |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Financing cash flows from finance leases |  | $ | 587 |
Operating cash flows from finance leases |  |  | 294 |
Operating cash flows from operating leases |  |  | 5,213 |
Right of use assets obtained in exchange for new lease obligations: |  |  |  |
Finance lease liabilities |  |  | 1,566 |
Operating lease liabilities, including from acquisitions |  |  | 159,175 |
|  | March 28, 2019 |
|  | (in thousands) |
Finance leases: |  |  |  |
Property and equipment – gross |  | $ | 74,197 |
Accumulated depreciation and amortization |  |  | (47,563 | )
Property and equipment - net |  | $ | 26,634 |
Schedule of Lease Term and Discount Rate |
Lease Term and Discount Rate |  | March 28, 2019 |
Weighted-average remaining lease terms: |  |  |  |
Finance leases |  |  | 10 years |
Operating leases |  |  | 16 years |
Weighted-average discount rates: |  |  |  |
Finance leases |  |  | 4.88 | %
Operating leases |  |  | 4.64 | %
Schedule of Maturities of Operating and Finance Leases Liabilities | Maturities of lease liabilities as of March 28, 2019 are as follows (in thousands):
Fiscal Year |  | Operating Leases |  |  | Finance Leases |
2019 (excluding the 13 weeks ended March 28, 2019) |  | $ | 17,176 |  |  | $ | 5,652 |
2020 |  |  | 24,638 |  |  |  | 3,532 |
2021 |  |  | 23,925 |  |  |  | 2,949 |
2022 |  |  | 24,349 |  |  |  | 2,904 |
2023 |  |  | 23,136 |  |  |  | 2,820 |
2024 and thereafter |  |  | 218,998 |  |  |  | 16,948 |
Total lease payments |  |  | 332,222 |  |  |  | 34,805 |
Less: amount representing interest |  |  | (94,804 | ) |  |  | (6,989 | )
Total lease liabilities |  | $ | 237,418 |  |  | $ | 27,816 |
Schedule of Future Minimum Rental Payments for Operating and Finance Leases | Aggregate minimum lease commitments as of December 27, 2018 under Accounting Standard Codification Topic 840 are as follows (in thousands):
Fiscal Year |  | Operating Leases |  |  | Capital Leases |
2019 |  | $ | 11,317 |  |  | $ | 3,073 |
2020 |  |  | 10,169 |  |  |  | 2,978 |
2021 |  |  | 9,670 |  |  |  | 2,679 |
2022 |  |  | 9,910 |  |  |  | 2,718 |
2023 |  |  | 9,038 |  |  |  | 2,718 |
2024 and thereafter |  |  | 80,523 |  |  |  | 16,940 |
Total minimum lease payments |  | $ | 130,627 |  |  |  | 31,106 |
Less: amount representing interest |  |  |  |  |  |  | (6,978 | )
Total present value of minimum capital lease payments |  |  |  |  |  | $ | 24,128 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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