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Leases (Tables)
 4 Months Ended
Apr. 18, 2021
Leases [Abstract]  
Schedule of Leased Assets and Liabilities
Leases are included in right-of-use assets, net, current portion of lease obligations, and long-term portion of lease liabilities on our Condensed Consolidated Balance Sheet as of April 18, 2021 and December 27, 2020 as follows (in thousands):
April 18, 2021FinanceOperatingTotal
Right of use assets, net$9,362 $417,820 $427,182 
Current portion of lease obligations856 50,513 51,369 
Long-term portion of lease obligations10,642 453,087 463,729 
Total$11,498 $503,600 $515,098 
December 27, 2020FinanceOperatingTotal
Right of use assets, net$9,644 $415,929 $425,573 
Current portion of lease obligations1,078 54,197 55,275 
Long-term portion of lease obligations10,937 454,296 465,233 
Total$12,015 $508,493 $520,508 
Lease cost
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 and Comprehensive Loss as follows (in thousands):
Sixteen Weeks Ended
April 18, 2021April 19, 2020
Operating lease cost$21,461 $21,990 
Finance lease cost:
Amortization of right of use assets263 203
Interest on lease liabilities159 138
Total finance lease cost422$341 
Variable lease cost6,416 8,317 
Total$28,299 $30,648 
Schedule of operating lease maturities
Maturities of our lease liabilities as of April 18, 2021 were as follows (in thousands):
Finance Leases Operating LeasesTotal
Remainder of 2021$902 $56,528 $57,430 
20221,327 78,064 79,391 
20231,244 74,897 76,141 
20241,264 72,696 73,960 
20251,283 67,940 69,223 
Thereafter8,784 364,706 373,490 
Total future lease liability$14,804 $714,831 $729,635 
Less imputed interest3,306 211,231 214,537 
Fair value of lease liability$11,498 $503,600 $515,098 
Schedule of finance lease maturities
Maturities of our lease liabilities as of April 18, 2021 were as follows (in thousands):
Finance Leases Operating LeasesTotal
Remainder of 2021$902 $56,528 $57,430 
20221,327 78,064 79,391 
20231,244 74,897 76,141 
20241,264 72,696 73,960 
20251,283 67,940 69,223 
Thereafter8,784 364,706 373,490 
Total future lease liability$14,804 $714,831 $729,635 
Less imputed interest3,306 211,231 214,537 
Fair value of lease liability$11,498 $503,600 $515,098 
Supplemental cash flow related to leases
Supplemental cash flow and other information related to leases is as follows (in thousands, except other information):
Sixteen Weeks Ended
April 18, 2021April 19, 2020
Cash flows from operating activities
Cash paid related to lease liabilities
Operating leases$27,998 $12,683 
Finance leases159 138 
Cash flows from financing activities
Cash paid related to lease liabilities
Finance leases599 — 
Cash paid for amounts included in the measurement of lease liabilities:$28,756 $12,821 
Right of use assets obtained in exchange for operating lease obligations$13,448 $2,311 
Other information related to operating leases as follows:
Weighted average remaining lease term (years)10.1 years10.5 years
Weighted average discount rate6.96 %7.38 %
Other information related to finance leases as follows:
Weighted average remaining lease term (years)11.5 years12.1 years
Weighted average discount rate4.56 %4.86 %