Commitments and Contingencies (Tables)

3 Months Ended

Apr. 01, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Components of Lease Expense

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

		Thirteen Weeks Ended
in thousands	Classification	April 1, 2021		March 26, 2020 (3)
Fixed operating lease cost:	Selling and store operating	$	28,768	$	24,933
	Cost of sales	5,660		5,674
	Pre-opening	1,635		2,191
	General and administrative	1,029		1,018
Total fixed operating lease cost		$	37,092	$	33,816
Variable lease cost (1):	Selling and store operating	$	9,776	$	7,938
	Cost of sales	1,408		1,084
	Pre-opening	68		84
	General and administrative	22		27
Total variable lease cost		$	11,274	$	9,133
Sublease income	Cost of sales	(597)		(597)
Total operating lease cost (2)		$	47,769	$	42,352

(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 thirteen weeks ended April 1, 2021 and March 26, 2020.

(3) To conform to the current period presentation, the presentation of the components of operating lease expense for the thirteen weeks ended March 26, 2020 has been updated within this table to provide disclosure of variable lease costs and additional information related to the classification of operating leases within the Condensed 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 April 1, 2021 were as follows:

in thousands	Amount
Thirty-nine weeks ending December 30, 2021	$	136,002
2022	141,430
2023	140,051
2024	137,182
2025	128,248
Thereafter	748,306
Total minimum lease payments (1) (2)	$	1,431,219
Less: amount of lease payments representing interest	376,993
Present value of future minimum lease payments	1,054,226
Less: current obligations under leases	79,041
Long-term lease obligations	$	975,185

(1) Future lease payments exclude approximately $108.0 million of legally binding minimum lease payments for operating leases signed but not yet commenced.

(2) Operating lease payments include $67.6 million related to options to extend lease terms that are reasonably certain of being exercised.