Commitments and Contingencies (Tables)

9 Months Ended

Sep. 28, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Components of Lease Expense

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

		Thirteen Weeks Ended				Thirty-nine Weeks Ended
in thousands	Classification	September 28, 2023		September 29, 2022		September 28, 2023		September 29, 2022
Fixed operating lease cost:	Selling and store operating	$	39,575	$	33,991	$	116,248	$	103,035
	Cost of sales	6,385		6,354		17,856		19,178
	Pre-opening	4,244		2,558		11,216		7,542
	General and administrative	1,029		1,136		3,131		3,407
Total fixed operating lease cost		$	51,233	$	44,039	$	148,451	$	133,162
Variable lease cost (1):	Selling and store operating	$	14,601	$	13,524	$	44,369	$	38,450
	Cost of sales	1,149		1,231		3,307		3,886
	Pre-opening	185		114		328		354
	General and administrative	408		194		1,027		598
Total variable lease cost		$	16,343	$	15,063	$	49,031	$	43,288
Sublease income	Cost of sales	(681)		(681)		(2,041)		(2,041)
Total operating lease cost (2)		$	66,895	$	58,421	$	195,441	$	174,409

(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 28, 2023 and September 29, 2022.

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

Future minimum lease payments under non-cancelable operating leases as of September 28, 2023 were as follows:

in thousands	Amount
Thirteen weeks ending December 28, 2023	$	42,334
2024	210,612
2025	200,864
2026	188,072
2027	178,914
Thereafter	1,277,883
Total minimum lease payments (1) (2)	2,098,679
Less: amount of lease payments representing interest	648,105
Present value of future minimum lease payments	1,450,574
Less: current obligations under leases	125,348
Long-term lease obligations	$	1,325,226

(1) Future lease payments exclude approximately $477.0 million of legally binding minimum lease payments for operating leases signed but not yet commenced.

(2) Operating lease payments include $242.3 million related to options to extend lease terms that are reasonably certain of being exercised.