Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of supplemental balance sheet information related to operating leases

The table below presents supplemental balance sheet information related to operating leases.

in thousands, except lease term and discount rate	Classification	As of December 31, 2020		As of December 26, 2019
Assets
Building	Right-of-use assets	$	851,092	$	808,989
Equipment	Right-of-use assets	6,865		7,322
Land	Right-of-use assets	56,708		2,378
Software	Right-of-use assets	1,660		3,567
Total operating lease assets		916,325		822,256
Liabilities
Current
Building	Current portion of lease liabilities	88,287		67,500
Equipment	Current portion of lease liabilities	3,941		3,758
Land	Current portion of lease liabilities	440		170
Software	Current portion of lease liabilities	1,834		3,164
Total current operating lease liabilities		94,502		74,592
Noncurrent
Building	Lease liabilities	873,098		837,510
Equipment	Lease liabilities	2,924		3,902
Land	Lease liabilities	65,103		2,357
Software	Lease liabilities	—		500
Total noncurrent operating lease liabilities		941,125		844,269
Total operating lease liabilities		$	1,035,627	$	918,861
Weighted-average remaining lease term		11 years		10 years
Weighted-average discount rate		5.3%		5.3%

Schedule of components of lease expense

The table below presents components of lease expense for operating leases.

		Fiscal Year Ended
in thousands	Classification	December 31, 2020		December 26, 2019 (3)
Fixed operating lease cost:	Selling and store operating	$	105,207	$	87,124
	Cost of sales	22,672		17,132
	Pre-opening	7,886		5,959
	General and administrative	4,118		2,272
Total fixed operating lease cost		$	139,883	$	112,487
Variable lease cost (1):	Selling and store operating	$	34,499	$	28,894
	Cost of sales	4,860		3,570
	Pre-opening	657		151
	General and administrative	151		5
Total variable lease cost		$	40,167	$	32,620
Sublease income	Cost of sales	(2,713)		(2,414)
Operating lease right-of-use asset impairment	General and administrative	—		4,136
Total operating lease cost (2)		$	177,337	$	146,829

(1)Includes variable costs for common area maintenance, property taxes, and insurance on leased real estate.

(2)Excludes short-term lease costs, which were immaterial for the fiscal years ended December 31, 2020 and December 26, 2019.

(3)To conform to the current period presentation, the presentation of the components of operating lease expense for the fiscal year ended December 26, 2019 has been updated within this table to provide disclosure of variable lease costs and additional information related to the classification of operating lease costs within the Consolidated Statements of Operations and Comprehensive Income.

Schedule of future minimum lease payments under non cancelable operating leases

Future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) as of December 31, 2020, were:

in thousands	Amount
2021	$	145,813
2022	141,815
2023	136,289
2024	133,866
2025	125,790
Thereafter	713,557
Total minimum lease payments (1) (2)	1,397,130
Less: amount of lease payments representing interest	361,503
Present value of future minimum lease payments	1,035,627
Less: current obligations under leases	94,502
Long-term lease obligations	$	941,125

(1)Future lease payments exclude approximately $132.9 million of legally binding minimum lease payments for operating leases signed but not yet commenced.

(2)Operating lease payments include $59.3 million related to options to extend lease terms that are reasonably certain of being exercised.