Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

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


		Thirteen Weeks Ended				Twenty-six Weeks Ended
in thousands	Classification	June 30, 2022		July 1, 2021		June 30, 2022		July 1, 2021
Fixed operating lease cost:	Selling and store operating	$	35,584	$	30,820	$	69,044	$	59,588
	Cost of sales	6,323		5,656		12,824		11,316
	Pre-opening	2,631		3,020		4,984		4,655
	General and administrative	1,130		1,030		2,271		2,059
Total fixed operating lease cost		$	45,668	$	40,526	$	89,123	$	77,618

Variable lease cost (1):	Selling and store operating	$	12,703	$	9,975	$	24,926	$	19,751
	Cost of sales	1,236		1,184		2,655		2,592
	Pre-opening	73		2		240		70
	General and administrative	178		(110)		404		(88)
Total variable lease cost		$	14,190	$	11,051	$	28,225	$	22,325

Sublease income	Cost of sales	(680)		(597)		(1,360)		(1,194)

Total operating lease cost (2)		$	59,178	$	50,980	$	115,988	$	98,749

(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 twenty-six weeks ended June 30, 2022 and July 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 June 30, 2022 were as follows:


in thousands	Amount
Twenty-six weeks ending December 29, 2022	$	83,803
2023	186,105
2024	177,128
2025	165,580
2026	156,229
Thereafter	1,013,830
Total minimum lease payments (1) (2)	1,782,675
Less: amount of lease payments representing interest	478,465
Present value of future minimum lease payments	1,304,210
Less: current obligations under leases	112,987
Long-term lease obligations	$	1,191,223

(1) Future lease payments exclude approximately $220.3 million of legally binding minimum lease payments for operating leases signed but not yet commenced.

(2) Operating lease payments include $138.3 million related to options to extend lease terms that are reasonably certain of being exercised.