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Leases
4 Months Ended
Apr. 19, 2020
Leases [Abstract]  
Leases Leases
Leases are included in right-of-use assets, net, short-term portion of lease obligations, and long-term portion of lease liabilities on our condensed consolidated balance sheet as of April 19, 2020 and December 29, 2019 as follows (in thousands):
April 19, 2020FinanceOperatingTotal
Right of use assets, net$7,324  $405,963  $413,287  
Short-term portion of lease obligations738  48,916  49,654  
Long-term portion of lease obligations8,624  445,151  453,775  
Total$9,362  $494,067  $503,429  
December 29, 2019FinanceOperatingTotal
Right of use assets, net$7,552  $418,696  $426,248  
Short-term portion of lease obligations725  41,974  42,699  
Long-term portion of lease obligations8,822  456,613  465,435  
Total$9,547  $498,587  $508,134  
The components of lease expense, including variable lease costs primarily consisting of common area maintenance charges and real estate taxes, are included in occupancy on our condensed consolidated statement of operations as follows (in thousands):
Sixteen Weeks Ended
April 19, 2020April 21, 2019
Operating lease cost$21,990  $23,672  
Finance lease cost:
Amortization of right of use assets203  248  
Interest on lease liabilities138  169  
Total finance lease cost$341  $417  
Variable lease cost8,317  8,885  
Total$30,648  $32,974  
Maturities of our lease liabilities as of April 19, 2020 were as follows (in thousands):
Finance Leases Operating LeasesTotal
Remainder of 2020$877  $57,349  $58,226  
20211,133  76,042  77,175  
2022979  73,629  74,608  
2023916  71,600  72,516  
2024932  68,384  69,316  
Thereafter7,458  379,808  387,266  
Total future lease liability$12,295  $726,812  $739,107  
Less imputed interest2,933  232,745  235,678  
Fair value of lease liability$9,362  $494,067  $503,429  
Supplemental cash flow information related to leases is as follows (in thousands, except other information):
Sixteen Weeks Ended
April 19, 2020April 21, 2019
Cash flows from operating activities
Cash paid related to lease liabilities
Operating leases$12,683  $19,772  
Finance leases138  137  
Cash flows from financing activities
Cash paid related to lease liabilities
Finance leases—  239  
Cash paid for amounts included in the measurement of lease liabilities:$12,821  $20,148  
Right of use assets obtained in exchange for operating lease obligations$2,311  $4,325  
Right of use assets obtained in exchange for finance lease obligations$—  $1,669  
Other information related to operating leases as follows:
Weighted average remaining lease term10.50 years11.32 years
Weighted average discount rate7.38 %7.34 %
Other information related to financing leases as follows:
Weighted average remaining lease term12.14 years11.96 years
Weighted average discount rate4.86 %4.77 %
Leases Leases
Leases are included in right-of-use assets, net, short-term portion of lease obligations, and long-term portion of lease liabilities on our condensed consolidated balance sheet as of April 19, 2020 and December 29, 2019 as follows (in thousands):
April 19, 2020FinanceOperatingTotal
Right of use assets, net$7,324  $405,963  $413,287  
Short-term portion of lease obligations738  48,916  49,654  
Long-term portion of lease obligations8,624  445,151  453,775  
Total$9,362  $494,067  $503,429  
December 29, 2019FinanceOperatingTotal
Right of use assets, net$7,552  $418,696  $426,248  
Short-term portion of lease obligations725  41,974  42,699  
Long-term portion of lease obligations8,822  456,613  465,435  
Total$9,547  $498,587  $508,134  
The components of lease expense, including variable lease costs primarily consisting of common area maintenance charges and real estate taxes, are included in occupancy on our condensed consolidated statement of operations as follows (in thousands):
Sixteen Weeks Ended
April 19, 2020April 21, 2019
Operating lease cost$21,990  $23,672  
Finance lease cost:
Amortization of right of use assets203  248  
Interest on lease liabilities138  169  
Total finance lease cost$341  $417  
Variable lease cost8,317  8,885  
Total$30,648  $32,974  
Maturities of our lease liabilities as of April 19, 2020 were as follows (in thousands):
Finance Leases Operating LeasesTotal
Remainder of 2020$877  $57,349  $58,226  
20211,133  76,042  77,175  
2022979  73,629  74,608  
2023916  71,600  72,516  
2024932  68,384  69,316  
Thereafter7,458  379,808  387,266  
Total future lease liability$12,295  $726,812  $739,107  
Less imputed interest2,933  232,745  235,678  
Fair value of lease liability$9,362  $494,067  $503,429  
Supplemental cash flow information related to leases is as follows (in thousands, except other information):
Sixteen Weeks Ended
April 19, 2020April 21, 2019
Cash flows from operating activities
Cash paid related to lease liabilities
Operating leases$12,683  $19,772  
Finance leases138  137  
Cash flows from financing activities
Cash paid related to lease liabilities
Finance leases—  239  
Cash paid for amounts included in the measurement of lease liabilities:$12,821  $20,148  
Right of use assets obtained in exchange for operating lease obligations$2,311  $4,325  
Right of use assets obtained in exchange for finance lease obligations$—  $1,669  
Other information related to operating leases as follows:
Weighted average remaining lease term10.50 years11.32 years
Weighted average discount rate7.38 %7.34 %
Other information related to financing leases as follows:
Weighted average remaining lease term12.14 years11.96 years
Weighted average discount rate4.86 %4.77 %