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Leases
6 Months Ended
Jun. 29, 2021
Leases [Abstract]  
Leases Leases
Supplemental balance sheet information related to leases is as follows (in thousands):
ClassificationJune 29,
2021
December 29,
2020
Assets
OperatingOperating lease assets, net $191,410 $195,618 
Finance
Finance lease assets, net (1)
7,456 7,822 
Total leased assets$198,866 $203,440 
Liabilities
Current lease liabilities
OperatingCurrent operating lease liabilities$26,141 $26,094 
Finance
Current finance lease liabilities (2)
1,958 1,800 
Long-term lease liabilities
OperatingLong-term operating lease liabilities206,977 210,454 
Finance
Long-term finance lease liabilities (2)
5,632 6,056 
Total lease liabilities$240,708 $244,404 
_____________________
(1)The finance lease assets are included in property and equipment, net in the Condensed 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 was included in other long-term liabilities in the Condensed Consolidated Balance Sheets.

Sublease income recognized in the Condensed Consolidated Statements of Operations was $0.5 million and $0.1 million for the second quarter of 2021 and 2020, and $0.9 million and $0.5 million for the first two quarters of 2021 and 2020, respectively.

During 2020, the onset of the COVID-19 pandemic impacted the Company’s business significantly, including temporary closures of our dining rooms starting in March 2020. During the second quarter of 2020, we were able to negotiate with the majority of our landlords to obtain rent abatements, or defer rent amounts due during the second quarter, and in some cases, the periods of the respective lease terms were extended earlier than as proscribed in the lease as part of the rent concessions. In the case where the lease term was extended, we remeasured the remaining consideration in the contract. The total rent that was deferred for lease amendments that have been executed was $4.0 million.
For certain of the Company’s restaurants, the COVID-19 pandemic has had an impact on the underlying asset values. In the first quarter of 2021, the Company recorded a right-of-use asset impairment charge for one restaurant to reduce the carrying value of operating lease assets to its respective estimated fair value. There was no impairment to the Company’s right-of-use assets during the second quarter of 2021. In the second quarter of 2020, we recorded an impairment charge of $0.3 million on the right-of-use assets.

Supplemental disclosures of cash flow information related to leases are as follows (in thousands):
Fiscal Quarter EndedTwo Fiscal Quarters Ended
June 29,
2021
June 30,
2020
June 29,
2021
June 30,
2020
Cash paid for lease liabilities:
Operating leases$7,929 $6,066 $19,595 $13,574 
Finance leases699 270 1,224 452 
$8,628 $6,336 $20,819 $14,026 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases$6,123 $4,557 $6,696 $10,281 
Finance leases49 1,238 700 2,842 
$6,172 $5,795 $7,396 $13,123 
Leases Leases
Supplemental balance sheet information related to leases is as follows (in thousands):
ClassificationJune 29,
2021
December 29,
2020
Assets
OperatingOperating lease assets, net $191,410 $195,618 
Finance
Finance lease assets, net (1)
7,456 7,822 
Total leased assets$198,866 $203,440 
Liabilities
Current lease liabilities
OperatingCurrent operating lease liabilities$26,141 $26,094 
Finance
Current finance lease liabilities (2)
1,958 1,800 
Long-term lease liabilities
OperatingLong-term operating lease liabilities206,977 210,454 
Finance
Long-term finance lease liabilities (2)
5,632 6,056 
Total lease liabilities$240,708 $244,404 
_____________________
(1)The finance lease assets are included in property and equipment, net in the Condensed 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 was included in other long-term liabilities in the Condensed Consolidated Balance Sheets.

Sublease income recognized in the Condensed Consolidated Statements of Operations was $0.5 million and $0.1 million for the second quarter of 2021 and 2020, and $0.9 million and $0.5 million for the first two quarters of 2021 and 2020, respectively.

During 2020, the onset of the COVID-19 pandemic impacted the Company’s business significantly, including temporary closures of our dining rooms starting in March 2020. During the second quarter of 2020, we were able to negotiate with the majority of our landlords to obtain rent abatements, or defer rent amounts due during the second quarter, and in some cases, the periods of the respective lease terms were extended earlier than as proscribed in the lease as part of the rent concessions. In the case where the lease term was extended, we remeasured the remaining consideration in the contract. The total rent that was deferred for lease amendments that have been executed was $4.0 million.
For certain of the Company’s restaurants, the COVID-19 pandemic has had an impact on the underlying asset values. In the first quarter of 2021, the Company recorded a right-of-use asset impairment charge for one restaurant to reduce the carrying value of operating lease assets to its respective estimated fair value. There was no impairment to the Company’s right-of-use assets during the second quarter of 2021. In the second quarter of 2020, we recorded an impairment charge of $0.3 million on the right-of-use assets.

Supplemental disclosures of cash flow information related to leases are as follows (in thousands):
Fiscal Quarter EndedTwo Fiscal Quarters Ended
June 29,
2021
June 30,
2020
June 29,
2021
June 30,
2020
Cash paid for lease liabilities:
Operating leases$7,929 $6,066 $19,595 $13,574 
Finance leases699 270 1,224 452 
$8,628 $6,336 $20,819 $14,026 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases$6,123 $4,557 $6,696 $10,281 
Finance leases49 1,238 700 2,842 
$6,172 $5,795 $7,396 $13,123