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Leases (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Lease Costs and Supplemental Information

Lease term and discount rate as of December 31, 2019 are as follows:



Weighted average remaining lease term (years):
Operating	10.0
Finance	2.9
Weighted average discount rate:
Operating	8.6	%
Finance	7.2	%

Supplemental disclosures of cash flow information related to leases for the year ended December 31, 2019 are as follows (in thousands):



Cash paid for lease liabilities:
Operating leases	$	43,203
Finance leases	763
	$	43,966
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	11,211
Finance leases	253
	$	11,464

Supplemental balance sheet information related to leases is as follows (in thousands):



Classification		December 31, 2019
Assets
Operating	Operating lease assets, net	$	209,717
Finance	Finance lease assets, net ⁽¹⁾	771
Total leased assets		$	210,488
Liabilities
Current lease liabilities
Operating	Current operating lease liabilities	$	22,775
Finance	Current finance lease liabilities ⁽²⁾	510
Long-term lease liabilities
Operating	Long-term operating lease liabilities	225,014
Finance	Long-term finance lease liabilities ⁽²⁾	281
Total lease liabilities		$	248,580

_____________________


(1)	The finance lease assets are included in property and equipment, net in the Consolidated Balance Sheets.


(2)	The current portion of the finance lease liabilities is included in accrued expenses and other current liabilities, and the long-term portion is included in other long-term liabilities in the Consolidated Balance Sheets.

The components of lease costs are as follows (in thousands):



		Year Ended
Classification		December 31, 2019
Operating lease cost	Occupancy, other restaurant operating costs, and general and administrative expenses	$	40,753
Finance lease cost
Amortization of lease assets	Depreciation and amortization	661
Interest on lease liabilities	Interest expense, net	73
		41,487
Sublease income	Franchising royalties and fees, and other	(651		)
Total lease cost, net		$	40,836

Schedule of Future Minimum Lease Payments for Finance Leases

Future minimum lease payments required under existing leases as of December 31, 2019 are as follows (in thousands):



	Operating Leases		Finance Leases		Total
2020	$	43,236	$	546	$	43,782
2021	42,530		225		42,755
2022	42,340		51		42,391
2023	40,988		14		41,002
2024	38,986		8		38,994
Thereafter	152,721		1		152,722
Total lease payments	360,801		845		361,646
Less: Imputed interest	113,012		54		113,066
Present value of lease liabilities	$	247,789	$	791	$	248,580

Schedule of Future Minimum Lease Payments for Operating Leases

Future minimum lease payments required under existing leases as of December 31, 2019 are as follows (in thousands):



	Operating Leases		Finance Leases		Total
2020	$	43,236	$	546	$	43,782
2021	42,530		225		42,755
2022	42,340		51		42,391
2023	40,988		14		41,002
2024	38,986		8		38,994
Thereafter	152,721		1		152,722
Total lease payments	360,801		845		361,646
Less: Imputed interest	113,012		54		113,066
Present value of lease liabilities	$	247,789	$	791	$	248,580

Schedule of Future Minimum Lease Payments Required under Existing Leases

As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting, maturities of lease liabilities were as follows as of January 1, 2019 (in thousands):



2019	$	42,652
2020	39,626
2021	35,609
2022	30,611
2023	24,440
Thereafter	54,414
	$	227,352