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Leases
 3 Months Ended
Mar. 28, 2024
Leases [Abstract]  
Leases Leases
The Company determines if an arrangement is a lease at inception. The Company evaluates each lease for classification as either a finance lease or an operating lease according to Accounting Standards Codification No. 842, Leases. The Company performs this evaluation at the inception of the lease and when a modification is made to a lease. The Company leases real estate and equipment with lease terms of one year to 45 years, some of which include options to extend and/or terminate the lease.
The majority of the Company’s lease agreements include fixed rental payments. For those leases with variable payments based on increases in an index subsequent to lease commencement, such payments are recognized as variable lease expense
as they occur. Variable lease payments that do not depend on an index or rate, including those that depend on the Company’s performance or use of the underlying asset, are also expensed as incurred. Lease expense for operating lease payments is recognized on a straight-line basis over the lease term.
Total lease cost consists of the following:
13 Weeks Ended
Lease CostClassificationMarch 28, 2024March 30, 2023
Finance lease costs: 
Amortization of finance lease assetsDepreciation and amortization$615 $691 
Interest on lease liabilitiesInterest expense175 198 
$790 $889 
Operating lease costs:
Operating lease costsRent expense$5,985 $6,044 
Variable lease costRent expense312 416 
Short-term lease costRent expense50 33 
$6,347 $6,493 
Additional information related to leases is as follows:
13 Weeks Ended
Other InformationMarch 28, 2024March 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases$601 $556 
Operating cash flows from finance leases175 198 
Operating cash flows from operating leases6,282 6,430 
Right of use assets obtained in exchange for new lease obligations:
Finance lease liabilities— — 
Operating lease liabilities— — 
March 28, 2024December 28, 2023
Finance leases:
Property and equipment – gross$30,106 $30,106 
Accumulated depreciation and amortization(18,571)(17,956)
Property and equipment - net$11,535 $12,150 
Remaining lease terms and discount rates are as follows:
Lease Term and Discount RateMarch 28, 2024December 28, 2023
Weighted-average remaining lease terms:
Finance leases6 years7 years
Operating leases11 years12 years
Weighted-average discount rates:
Finance leases4.64 %4.62 %
Operating leases4.67 %4.52 %
Deferred rent payments of approximately $647 for the Company’s operating leases have been included in the total operating lease obligations as of March 28, 2024, of which approximately $197 is included in long-term operating lease obligations.
Leases Leases
The Company determines if an arrangement is a lease at inception. The Company evaluates each lease for classification as either a finance lease or an operating lease according to Accounting Standards Codification No. 842, Leases. The Company performs this evaluation at the inception of the lease and when a modification is made to a lease. The Company leases real estate and equipment with lease terms of one year to 45 years, some of which include options to extend and/or terminate the lease.
The majority of the Company’s lease agreements include fixed rental payments. For those leases with variable payments based on increases in an index subsequent to lease commencement, such payments are recognized as variable lease expense
as they occur. Variable lease payments that do not depend on an index or rate, including those that depend on the Company’s performance or use of the underlying asset, are also expensed as incurred. Lease expense for operating lease payments is recognized on a straight-line basis over the lease term.
Total lease cost consists of the following:
13 Weeks Ended
Lease CostClassificationMarch 28, 2024March 30, 2023
Finance lease costs: 
Amortization of finance lease assetsDepreciation and amortization$615 $691 
Interest on lease liabilitiesInterest expense175 198 
$790 $889 
Operating lease costs:
Operating lease costsRent expense$5,985 $6,044 
Variable lease costRent expense312 416 
Short-term lease costRent expense50 33 
$6,347 $6,493 
Additional information related to leases is as follows:
13 Weeks Ended
Other InformationMarch 28, 2024March 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases$601 $556 
Operating cash flows from finance leases175 198 
Operating cash flows from operating leases6,282 6,430 
Right of use assets obtained in exchange for new lease obligations:
Finance lease liabilities— — 
Operating lease liabilities— — 
March 28, 2024December 28, 2023
Finance leases:
Property and equipment – gross$30,106 $30,106 
Accumulated depreciation and amortization(18,571)(17,956)
Property and equipment - net$11,535 $12,150 
Remaining lease terms and discount rates are as follows:
Lease Term and Discount RateMarch 28, 2024December 28, 2023
Weighted-average remaining lease terms:
Finance leases6 years7 years
Operating leases11 years12 years
Weighted-average discount rates:
Finance leases4.64 %4.62 %
Operating leases4.67 %4.52 %
Deferred rent payments of approximately $647 for the Company’s operating leases have been included in the total operating lease obligations as of March 28, 2024, of which approximately $197 is included in long-term operating lease obligations.