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LEASES (Tables)
9 Months Ended
Jul. 10, 2022
Leases [Abstract]  
Lease Income
The following table presents rental income (in thousands):
QuarterYear-to-date
July 10,
2022
July 4,
2021
July 10,
2022
July 4,
2021
Operating lease income - franchise$53,703 $53,762 $178,048 $180,146 
Variable lease income - franchise26,274 26,836 81,556 82,102 
Amortization of favorable and unfavorable lease contracts, net91 — 119 — 
Franchise rental revenues$80,068 $80,598 $259,723 $262,248 
Operating lease income - closed restaurants and other (1)$1,663 $1,377 $4,728 $4,602 
____________________________
(1)Primarily relates to closed restaurant properties included in “Other operating expenses, net” in our condensed consolidated statements of earnings.
Finance Lease, Future Minimum Lease Payments
The following table presents as of July 10, 2022, the annual maturities of our lease liabilities (in thousands):
Finance LeasesOperating Leases
Fiscal year:
Remainder of 2022$244 $55,942 
2023972 227,605 
2024399 191,112 
202539 185,347 
202627 168,451 
Thereafter26 874,345 
Total future lease payments (1)$1,707 $1,702,802 
Less imputed interest(84)(362,768)
Present value of lease liabilities$1,623 $1,340,034 
Less current portion(929)(173,057)
Long-term lease obligations$694 $1,166,977 
____________________________
(1)Total future lease payments include non-cancellable commitments of $1.7 million for finance leases and $1,468.4 million for operating leases.
Operating Lease, Future Minimum Lease Payments
The following table presents as of July 10, 2022, the annual maturities of our lease liabilities (in thousands):
Finance LeasesOperating Leases
Fiscal year:
Remainder of 2022$244 $55,942 
2023972 227,605 
2024399 191,112 
202539 185,347 
202627 168,451 
Thereafter26 874,345 
Total future lease payments (1)$1,707 $1,702,802 
Less imputed interest(84)(362,768)
Present value of lease liabilities$1,623 $1,340,034 
Less current portion(929)(173,057)
Long-term lease obligations$694 $1,166,977 
____________________________
(1)Total future lease payments include non-cancellable commitments of $1.7 million for finance leases and $1,468.4 million for operating leases.