Leases (Tables)

3 Months Ended

Mar. 31, 2021

A summary of finance and operating lease right-of-use assets and liabilities as of March 31, 2021 and December 30, 2020 is as follows:


	Classification	March 31 2021		December 30 2020
Finance leases	Property and equipment, net	$	6,315	$	5,409
Operating leases	Operating lease assets	312,087		306,317
Total right-of-use assets		$	318,402	$	311,726




Finance leases:
	Other current liabilities	$	2,445	$	1,998
	Other long-term liabilities	4,056		3,586
Operating leases:
	Operating lease liabilities, current	37,275		35,657
	Long-term operating lease liabilities	349,670		343,736
Total lease liabilities		$	393,446	$	384,977

The components of lease expense for the thirteen weeks ended March 31, 2021 and March 25, 2020 was as follows:


			Thirteen Weeks Ended
		Classification	March 31 2021		March 25 2020
Finance lease cost:
	Amortization of right-of-use assets	Depreciation expense	$	613	$	577
	Interest on lease liabilities	Interest expense	54		55
Operating lease cost		Occupancy and related expenses Pre-opening costs General and administrative expenses	12,330		10,742
Short-term lease cost		Occupancy and related expenses	82		124
Variable lease cost		Occupancy and related expenses Pre-opening costs General and administrative expenses	2,851		3,730
Total lease cost			$	15,930	$	15,228

A summary of lease terms and discount rates for finance and operating leases as of March 31, 2021 and December 30, 2020 is as follows:


		March 31 2021		December 30 2020
Weighted-average remaining lease term (years):
	Finance leases	5.5		5.2
	Operating leases	9.6		9.7
Weighted-average discount rate:
	Finance leases	3.5	%	3.6	%
	Operating leases	3.9	%	4.2	%

Supplemental cash flow information related to leases for the thirteen weeks ended March 31, 2021 and March 25, 2020 is as follows:


		Thirteen Weeks Ended
		March 31 2021	March 25 2020
Cash paid for amounts included in the measurement of lease liabilities:
	Operating cash flows from finance leases	54	$	55
	Operating cash flows from operating leases	11,825	11,329
	Financing cash flows from finance leases	602	559
Right-of-use assets obtained in exchange for lease obligations:
	Finance leases	1,518	716
	Operating leases	11,095	28,035

As of March 31, 2021, future minimum lease payments for finance and operating leases consisted of the following:

As of March 31, 2021, future minimum lease payments for finance and operating leases consisted of the following: