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COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 26, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Workers’ Compensation Collateral Commitments
We have provided our insurance carriers and certain states with commitments in the form and amounts listed below:
(in thousands)December 26,
2021		December 27,
2020
Cash collateral held by workers’ compensation insurance carriers$23,056 $22,253 
Cash and cash equivalents held in Trust21,590 29,410 
Investments held in Trust135,419 152,247 
Letters of credit (1)6,160 6,095 
Surety bonds (2)21,969 20,616 
Total collateral commitments$208,194 $230,621 
(1)We have agreements with certain financial institutions to issue letters of credit as collateral.
(2)Our surety bonds are issued by independent insurance companies on our behalf and bear annual fees based on a percentage of the bond, which are determined by each independent surety carrier. These fees do not exceed 2.0% of the bond amount, subject to a minimum charge. The terms of these bonds are subject to review and renewal every one to four years and most bonds can be canceled by the sureties with as little as 60 days’ notice.
Operating Lease Costs
Operating lease costs were comprised of the following:
(in thousands)20212020
Operating lease costs$16,502 $16,607 
Short-term lease costs8,392 7,781 
Other lease costs, net (1)
3,886 3,922 
Total lease costs
$28,780 $28,310 
(1)Other lease costs include variable lease costs, net of sublease income.
Information Related to Lease Liabilities
Other information related to our operating leases was as follows:
December 26,
2021		December 27,
2020
Weighted average remaining lease term in years8.89.0
Weighted average discount rate4.9%5.0%
Schedule of Future Minimum Lease Payments for Operating Leases under ASC 842
Future non-cancelable minimum lease payments under our operating lease commitments as of December 26, 2021, are as follows for each of the next five years and thereafter:
(in thousands)
2022$14,898 
202312,344 
20249,402 
20257,565 
20265,395 
Thereafter
33,412 
Total undiscounted future non-cancelable minimum lease payments (1)
83,016 
Less: Imputed interest (2)
15,992 
Present value of lease liabilities
$67,024 
(1)Operating lease payments exclude approximately $1.9 million of legally binding minimum lease payments for leases signed but not yet commenced.
(2)Amount necessary to reduce net minimum lease payments to present value calculated using our incremental borrowing rates, which are consistent with the lease terms at adoption date (for those leases in existence as of the adoption date of the new lease standard) or lease inception (for those leases entered into after the adoption date).