Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

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


		Thirteen Weeks Ended				Thirty-nine Weeks Ended
in thousands	Classification	September 30, 2021		September 24, 2020 (3)		September 30, 2021		September 24, 2020 (3)
Fixed operating lease cost:	Selling and store operating	$	31,940	$	26,549	$	91,528	$	77,325
	Cost of sales	5,668		5,676		16,984		17,005
	Pre-opening	3,272		2,230		7,927		6,103
	General and administrative	1,029		1,029		3,088		3,088
Total fixed operating lease cost		$	41,909	$	35,484	$	119,527	$	103,521

Variable lease cost (1):	Selling and store operating	$	10,605	$	8,583	$	30,356	$	25,702
	Cost of sales	1,101		1,397		3,693		3,616
	Pre-opening	13		128		83		297
	General and administrative	78		40		(10)		112
Total variable lease cost		$	11,797	$	10,148	$	34,122	$	29,727

Sublease income	Cost of sales	(597)		(597)		(1,791)		(1,791)

Total operating lease cost (2)		$	53,109	$	45,035	$	151,858	$	131,457

(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 and thirty-nine weeks ended September 30, 2021 and September 24, 2020.

(3) To conform to the current period presentation, the presentation of the components of operating lease expense for the thirteen weeks and thirty-nine weeks ended September 24, 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 September 30, 2021 were as follows:


in thousands	Amount
Thirteen weeks ending December 30, 2021	$	40,422
2022	159,154
2023	162,826
2024	158,644
2025	147,164
Thereafter	970,806
Total minimum lease payments (1) (2)	1,639,016
Less: amount of lease payments representing interest	433,966
Present value of future minimum lease payments	1,205,050
Less: current obligations under leases	98,238
Long-term lease obligations	$	1,106,812

(1) Future lease payments exclude approximately $74.2 million of legally binding minimum lease payments for operating leases signed but not yet commenced.

(2) Operating lease payments include $108.5 million related to options to extend lease terms that are reasonably certain of being exercised.