Commitments and Contingencies (Tables)

6 Months Ended

Jun. 29, 2023

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 29, 2023		June 30, 2022		June 29, 2023		June 30, 2022
Fixed operating lease cost:	Selling and store operating	$	38,529	$	35,584	$	76,673	$	69,044
	Cost of sales	5,213		6,323		11,471		12,824
	Pre-opening	3,906		2,631		6,972		4,984
	General and administrative	1,030		1,130		2,102		2,271
Total fixed operating lease cost		$	48,678	$	45,668	$	97,218	$	89,123

Variable lease cost (1):	Selling and store operating	$	15,282	$	12,703	$	29,768	$	24,926
	Cost of sales	1,039		1,236		2,158		2,655
	Pre-opening	12		73		143		240
	General and administrative	316		178		619		404
Total variable lease cost		$	16,649	$	14,190	$	32,688	$	28,225


Sublease income	Cost of sales	(681)		(680)		(1,360)		(1,360)

Total operating lease cost (2)		$	64,646	$	59,178	$	128,546	$	115,988

(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 twenty-six weeks ended June 29, 2023 and June 30, 2022.

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

Future minimum lease payments under non-cancelable operating leases as of June 29, 2023 were as follows:


in thousands	Amount
Twenty-six weeks ending December 28, 2023	$	88,570
2024	202,730
2025	191,186
2026	179,308
2027	171,372
Thereafter	1,161,317
Total minimum lease payments (1) (2)	1,994,483
Less: amount of lease payments representing interest	598,596
Present value of future minimum lease payments	1,395,887
Less: current obligations under leases	118,960
Long-term lease obligations	$	1,276,927

(1) Future lease payments exclude approximately $415.3 million of legally binding minimum lease payments for operating leases signed but not yet commenced.

(2) Operating lease payments include $216.2 million related to options to extend lease terms that are reasonably certain of being exercised.