Leases

4 Months Ended

Jan. 23, 2022

Leases [Abstract]

Leases

LEASES

As lessor, our leases and subleases primarily consist of restaurants that have been leased to franchisees subsequent to refranchising transactions. Revenues from leasing arrangements with our franchisees are presented in “Franchise rental revenues” in the accompanying condensed consolidated statements of earnings, and the related expenses are presented in “Franchise occupancy expenses.”

The following table presents rental income (in thousands):

	Sixteen Weeks Ended
	January 23, 2022		January 17, 2021
Operating lease income - franchise	$	71,357	$	72,242
Variable lease income - franchise	31,742		31,507
Franchise rental revenues	$	103,099	$	103,749
Operating lease income - closed restaurants and other (1)	$	1,658	$	1,865

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(1)Primarily relates to closed restaurant properties included in “Other operating expenses (income), net” in our condensed consolidated statements of earnings.