Commitments and Contingencies (Tables)

3 Months Ended

Mar. 28, 2024

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
in thousands	Classification	March 28, 2024		March 30, 2023
Fixed operating lease cost:	Selling and store operating	$	42,735	$	38,144
	Cost of sales	6,452		6,258
	Pre-opening	3,063		3,066
	General and administrative	1,029		1,072
Total fixed operating lease cost		$	53,279	$	48,540
Variable lease cost (1):	Selling and store operating	$	18,092	$	14,486
	Cost of sales	1,283		1,119
	Pre-opening	173		131
	General and administrative	579		303
Total variable lease cost		$	20,127	$	16,039
Sublease income	Cost of sales	(682)		(679)
Total operating lease cost (2)		$	72,724	$	63,900

(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 28, 2024 and March 30, 2023.

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

Future minimum lease payments under non-cancelable operating leases as of March 28, 2024 were as follows:

in thousands	Amount
Thirty-nine weeks ending December 26, 2024	$	152,243
2025	210,965
2026	198,137
2027	187,562
2028	167,828
Thereafter	1,214,340
Total minimum lease payments (1) (2)	2,131,075
Less: amount of lease payments representing interest	664,169
Present value of future minimum lease payments	1,466,906
Less: current obligations under leases	129,150
Long-term lease obligations	$	1,337,756

(1) Future lease payments exclude approximately $487.9 million of legally binding minimum lease payments for operating leases signed but not yet commenced.

(2) Operating lease payments include $255.0 million related to options to extend lease terms that are reasonably certain of being exercised.