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Leases
 3 Months Ended
Mar. 31, 2025
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:
Three Months Ended
Lease CostClassificationMarch 31, 2025March 28, 2024
Finance lease costs: 
Amortization of finance lease assetsDepreciation and amortization$550 $615 
Interest on lease liabilitiesInterest expense150 175 
$700 $790 
Operating lease costs:
Operating lease costsRent expense$5,769 $5,985 
Variable lease costRent expense403 312 
Short-term lease costRent expense45 50 
$6,217 $6,347 
Additional information related to leases is as follows:
Three Months Ended
Other InformationMarch 31, 2025March 28, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases$640 $601 
Operating cash flows from finance leases150 175 
Operating cash flows from operating leases6,445 6,282 
Right of use assets obtained in exchange for new lease obligations:
Finance lease liabilities125 — 
Operating lease liabilities1,261 — 
March 31, 2025December 26, 2024
Finance leases:
Property and equipment – gross$29,176 $29,061 
Accumulated depreciation and amortization(19,618)(19,078)
Property and equipment - net$9,558 $9,983 
Remaining lease terms and discount rates are as follows:
Lease Term and Discount RateMarch 31, 2025December 26, 2024
Weighted-average remaining lease terms:
Finance leases6 years6 years
Operating leases11 years11 years
Weighted-average discount rates:
Finance leases4.68 %4.69 %
Operating leases4.81 %4.79 %
Deferred rent payments of approximately $534 for the Company’s operating leases have been included in the total operating lease obligations as of March 31, 2025, of which approximately $85 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:
Three Months Ended
Lease CostClassificationMarch 31, 2025March 28, 2024
Finance lease costs: 
Amortization of finance lease assetsDepreciation and amortization$550 $615 
Interest on lease liabilitiesInterest expense150 175 
$700 $790 
Operating lease costs:
Operating lease costsRent expense$5,769 $5,985 
Variable lease costRent expense403 312 
Short-term lease costRent expense45 50 
$6,217 $6,347 
Additional information related to leases is as follows:
Three Months Ended
Other InformationMarch 31, 2025March 28, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases$640 $601 
Operating cash flows from finance leases150 175 
Operating cash flows from operating leases6,445 6,282 
Right of use assets obtained in exchange for new lease obligations:
Finance lease liabilities125 — 
Operating lease liabilities1,261 — 
March 31, 2025December 26, 2024
Finance leases:
Property and equipment – gross$29,176 $29,061 
Accumulated depreciation and amortization(19,618)(19,078)
Property and equipment - net$9,558 $9,983 
Remaining lease terms and discount rates are as follows:
Lease Term and Discount RateMarch 31, 2025December 26, 2024
Weighted-average remaining lease terms:
Finance leases6 years6 years
Operating leases11 years11 years
Weighted-average discount rates:
Finance leases4.68 %4.69 %
Operating leases4.81 %4.79 %
Deferred rent payments of approximately $534 for the Company’s operating leases have been included in the total operating lease obligations as of March 31, 2025, of which approximately $85 is included in long-term operating lease obligations.