LEASES (Tables)

12 Months Ended

Dec. 27, 2023

A summary of operating and finance right-of-use assets and lease liabilities were as follows:


	Classification	December 27 2023		December 28 2022
Operating leases	Operating lease assets	$	398,296	$	367,488
Finance leases	Property and equipment, net	11,801		6,152
Total right-of-use assets		$	410,097	$	373,640




Operating leases:
	Operating lease liabilities, current	$	49,004	$	42,238
	Long-term operating lease liabilities	464,533		427,227
Finance leases:
	Other current liabilities	3,435		2,546
	Other long-term liabilities	8,721		3,909
Total lease liabilities		$	525,693	$	475,920

The components of lease expense were as follows:


		Classification	December 27 2023		December 28 2022		December 29 2021
Operating lease cost		Occupancy and related expenses Pre-opening costs General and administrative expenses	$	67,781	$	58,788	$	50,888
Finance lease cost:
	Amortization of right-of-use assets	Depreciation and amortization expense	3,324		3,071		2,719
	Interest on lease liabilities	Interest expense	476		226		207
Variable lease cost		Occupancy and related expenses Pre-opening costs General and administrative expenses	18,305		15,973		13,855
Short-term lease cost		Occupancy and related expenses	938		580		290
Total lease cost			$	90,824	$	78,638	$	67,959

A summary of lease terms and discount rates for operating and finance leases were as follows:


		December 27 2023		December 28 2022
Weighted average remaining lease term (years):
	Operating leases	8.9		8.9
	Finance leases	4.7		5.1
Weighted average discount rate:
	Operating leases	6.2	%	5.7	%
	Finance leases	5.6	%	4.0	%

Supplemental cash flow information related to leases was as follows:


		December 27 2023		December 28 2022		December 29 2021
Cash paid for amounts included in the measurement of lease liabilities:
	Operating cash flows from operating leases	$	72,128	$	61,114	$	49,079
	Operating cash flows from finance leases	476		226		207
	Financing cash flows from finance leases	3,272		2,974		2,694
Right-of-use assets obtained in exchange for lease obligations:
	Operating leases	72,403		56,578		66,959
	Finance leases	8,972		2,415		4,119

As of December 27, 2023, future minimum lease payments for operating and finance leases consisted of the following:

(1)Operating leases are net of certain tenant allowance receivables that were reclassified to Other current assets as of December 27, 2023.

As of December 27, 2023, future minimum lease payments for operating and finance leases consisted of the following:

(1)Operating leases are net of certain tenant allowance receivables that were reclassified to Other current assets as of December 27, 2023.