XML 50 R37.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Tables)
9 Months Ended
Sep. 27, 2020
Leases [Abstract]  
Lease, Cost
The components of lease cost are as follows:
Three Months EndedNine Months Ended
September 27,
2020
September 29,
2019
September 27,
2020
September 29,
2019
Finance lease cost:
Amortization of finance lease assets$3,471 $3,201 $9,995 $7,949 
Interest on finance lease liabilities10,244 10,116 30,462 26,808 
13,715 13,317 40,457 34,757 
Operating lease cost23,170 23,358 68,304 67,087 
Variable lease cost (a)15,548 15,435 43,766 44,910 
Short-term lease cost1,006 1,141 3,327 3,420 
Total operating lease cost (b)39,724 39,934 115,397 115,417 
Total lease cost$53,439 $53,251 $155,854 $150,174 
_______________

(a)Includes expenses for executory costs of $9,326 and $9,908 for the three months ended September 27, 2020 and September 29, 2019, respectively, and $28,526 and $29,211 for the nine months ended September 27, 2020 and September 29, 2019, respectively, for which the Company is reimbursed by sublessees.

(b)Includes $32,421 and $32,342 for the three months ended September 27, 2020 and September 29, 2019, respectively, and $92,975 and $92,815 for the nine months ended September 27, 2020 and September 29, 2019, respectively, recorded to “Franchise rental expense” for leased properties that are subsequently leased to franchisees. Also includes $6,651 and $6,892 for the three months ended September 27, 2020 and September 29, 2019, respectively, and $20,315 and $20,492 for the nine months ended September 27, 2020 and September 29, 2019, respectively, recorded to “Cost of sales” for leases for Company-operated restaurants.
Lease, Income
The components of lease income are as follows:
Three Months EndedNine Months Ended
September 27,
2020
September 29,
2019
September 27,
2020
September 29,
2019
Sales-type and direct-financing leases:
Selling profit (loss)$182 $(97)$1,379 $1,874 
Interest income 7,296 7,240 21,804 19,045 
Operating lease income$43,510 $44,892 $130,514 $134,056 
Variable lease income15,211 15,026 42,920 42,875 
Franchise rental income (a)$58,721 $59,918 $173,434 $176,931 
_______________

(a)Includes sublease income of $43,122 and $44,821 for the three months ended September 27, 2020 and September 29, 2019, respectively, and $126,653 and $130,763 for the nine months ended September 27, 2020 and September 29, 2019, respectively. Sublease income includes lessees’ variable payments to the Company for executory costs of $9,379 and $9,683 for the three months ended September 27, 2020 and September 29, 2019, respectively, and $28,538 and $28,894 for the nine months ended September 27, 2020 and September 29, 2019, respectively.