Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

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


		Thirteen Weeks Ended
in thousands	Classification	March 31, 2022		April 1, 2021
Fixed operating lease cost:	Selling and store operating	$	33,460	$	28,768
	Cost of sales	6,501		5,660
	Pre-opening	2,353		1,635
	General and administrative	1,141		1,029
Total fixed operating lease cost		$	43,455	$	37,092

Variable lease cost (1):	Selling and store operating	$	12,223	$	9,776
	Cost of sales	1,419		1,408
	Pre-opening	167		68
	General and administrative	226		22
Total variable lease cost		$	14,035	$	11,274

Sublease income	Cost of sales	(680)		(597)

Total operating lease cost (2)		$	56,810	$	47,769

(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 March 31, 2022 and April 1, 2021.

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 March 31, 2022 were as follows:


in thousands	Amount
Thirty-nine weeks ending December 29, 2022	$	126,357
2023	177,967
2024	169,285
2025	158,326
2026	149,407
Thereafter	925,891
Total minimum lease payments (1) (2)	1,707,233
Less: amount of lease payments representing interest	445,611
Present value of future minimum lease payments	1,261,622
Less: current obligations under leases	109,670
Long-term lease obligations	$	1,151,952

(1) Future lease payments exclude approximately $221.1 million of legally binding minimum lease payments for operating leases signed but not yet commenced.

(2) Operating lease payments include $123.4 million related to options to extend lease terms that are reasonably certain of being exercised.