Leases (Notes)

12 Months Ended

Jan. 02, 2018

The Company leases restaurant facilities, office space and certain equipment under operating leases that expire on various dates through January 2032. Lease terms for traditional shopping centers generally include a base term of 10 years, with options to extend these leases for additional periods of five to 15 years. Typically, the lease includes rent escalations, which are expensed on a straight-line basis over the expected lease term. The difference between rent expense and cash paid for rent is recognized as deferred rent. Total rent expense for 2017, 2016 and 2015 was approximately $43.9 million, $48.5 million and $44.6 million, respectively.

Future minimum lease payments required under existing leases as of January 2, 2018 are as follows (in thousands):



2018	$	44,371
2019	40,090
2020	35,798
2021	32,234
2022	27,576
Thereafter	64,582
	$	244,651