Commitments and Contingencies (Tables)

3 Months Ended

Mar. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

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


		Thirteen Weeks Ended
in thousands	Classification	March 30, 2023		March 31, 2022
Fixed operating lease cost:	Selling and store operating	$	38,144	$	33,460
	Cost of sales	6,258		6,501
	Pre-opening	3,066		2,353
	General and administrative	1,072		1,141
Total fixed operating lease cost		$	48,540	$	43,455

Variable lease cost (1):	Selling and store operating	$	14,486	$	12,223
	Cost of sales	1,119		1,419
	Pre-opening	131		167
	General and administrative	303		226
Total variable lease cost		$	16,039	$	14,035


Sublease income	Cost of sales	(679)		(680)

Total operating lease cost (2)		$	63,900	$	56,810

(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 30, 2023 and March 31, 2022.

Schedule of Future Minimum Lease Payments under Non-Cancelable Operating Leases

Future minimum lease payments under non-cancelable operating leases as of March 30, 2023 were as follows:


in thousands	Amount
Thirty-nine weeks ending December 28, 2023	$	131,847
2024	196,087
2025	183,737
2026	172,602
2027	165,262
Thereafter	1,093,035
Total minimum lease payments (1) (2)	1,942,570
Less: amount of lease payments representing interest	577,205
Present value of future minimum lease payments	1,365,365
Less: current obligations under leases	113,798
Long-term lease obligations	$	1,251,567

(1) Future lease payments exclude approximately $246.1 million of legally binding minimum lease payments for operating leases signed but not yet commenced.

(2) Operating lease payments include $201.3 million related to options to extend lease terms that are reasonably certain of being exercised.