Leases (Tables)

9 Months Ended

Sep. 25, 2019

Leases [Abstract]

Components of Lease Costs, Terms and Discount Rates and Cash Flow Information

Cash and supplemental noncash amounts were as follows:

	Quarter Ended		Three Quarters Ended
	September 25, 2019		September 25, 2019
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	906	$	3,740
Operating cash flows from operating leases	6,816		19,569
Financing cash flows from finance leases	497		2,044
Right-of-use assets obtained in exchange for new finance lease liabilities	—		305
Right-of-use assets obtained in exchange for new operating lease liabilities	31,050		58,581

The components of lease costs were as follows:

		Quarter Ended			Three Quarters Ended
	Classification	September 25, 2019			September 25, 2019
		(In thousands)
Lease costs
Finance lease costs:
Amortization of right-of-use assets	Depreciation and amortization	$	592		$	2,473
Interest on lease liabilities	Interest expense, net	906			3,740
Operating lease costs:
Operating lease costs - company	Occupancy	1,811			6,824
Operating lease costs - franchise	Costs of franchise and license revenue	4,850			11,926
Operating lease costs - general and administrative	General and administrative expenses	27			80
Variable lease costs:
Variable lease costs - company	Occupancy	1,324			4,992
Variable lease costs - franchise	Costs of franchise and license revenue	1,924			4,862
Variable lease costs - general and administrative	General and administrative expenses	15			25
Variable lease costs - closed stores	Restructuring charges and exit costs	—			55
Sublease income	Franchise and license revenue	(8,156		)	(20,164		)
Total lease costs		$	3,293		$	14,813

Lease terms and discount rates were as follows:

	September 25, 2019
Weighted-average remaining lease term (in years)
Finance leases	9.6
Operating leases	10.8
Weighted-average discount rate
Finance leases	23.5	%
Operating leases	6.1	%

Components of Lease Income

The components of lease income were as follows:

		Quarter Ended		Three Quarters Ended
	Classification	September 25, 2019		September 25, 2019
		(In thousands)
Lease income
Operating lease income - franchise	Franchise and license revenue	$	7,963	$	19,234
Operating lease income - closed stores	Restructuring charges and exit costs	56		188
Variable lease income - franchise	Franchise and license revenue	2,770		7,170
Variable lease income - closed stores	Restructuring charges and exit costs	13		37
Total lease income		$	10,802	$	26,629

Finance Lease, Liability, Maturity

Maturities of lease liabilities and receipts in accordance with Topic 842 as of September 25, 2019 were as follows:

	Lease Liabilities				Lease Receipts
	Finance		Operating		Operating
	(In thousands)
Remainder of 2019	$	1,256	$	6,543	$	8,225
2020	4,839		24,749		31,029
2021	4,571		22,629		28,145
2022	4,287		20,469		25,756
2023	3,769		17,875		22,682
Thereafter	25,672		120,696		155,741
Total undiscounted cash flows	44,394		212,961		$	271,578
Less: interest	27,175		59,078
Present value of lease liabilities	17,219		153,883
Less: current lease liabilities	1,812		16,718
Long-term lease liabilities	$	15,407	$	137,165

Operating Lease, Liability, Maturity

Maturities of lease liabilities and receipts in accordance with Topic 842 as of September 25, 2019 were as follows:

	Lease Liabilities				Lease Receipts
	Finance		Operating		Operating
	(In thousands)
Remainder of 2019	$	1,256	$	6,543	$	8,225
2020	4,839		24,749		31,029
2021	4,571		22,629		28,145
2022	4,287		20,469		25,756
2023	3,769		17,875		22,682
Thereafter	25,672		120,696		155,741
Total undiscounted cash flows	44,394		212,961		$	271,578
Less: interest	27,175		59,078
Present value of lease liabilities	17,219		153,883
Less: current lease liabilities	1,812		16,718
Long-term lease liabilities	$	15,407	$	137,165

Operating Lease, Payments to be Received, Maturity

Maturities of lease liabilities and receipts in accordance with Topic 842 as of September 25, 2019 were as follows:

	Lease Liabilities				Lease Receipts
	Finance		Operating		Operating
	(In thousands)
Remainder of 2019	$	1,256	$	6,543	$	8,225
2020	4,839		24,749		31,029
2021	4,571		22,629		28,145
2022	4,287		20,469		25,756
2023	3,769		17,875		22,682
Thereafter	25,672		120,696		155,741
Total undiscounted cash flows	44,394		212,961		$	271,578
Less: interest	27,175		59,078
Present value of lease liabilities	17,219		153,883
Less: current lease liabilities	1,812		16,718
Long-term lease liabilities	$	15,407	$	137,165

Schedule of Minimum Future Lease Commitments and Amounts to be Received as Lessor or Sublessor

Maturities of lease liabilities in accordance with Topic 840 as of December 26, 2018 were as follows:

	Commitments				Lease Receipts
	Capital		Operating		Operating
	(In thousands)
2019	$	9,271	$	23,504	$	21,001
2020	8,664		20,161		18,493
2021	8,010		17,316		16,573
2022	7,320		14,646		14,887
2023	6,451		11,881		12,932
Thereafter	33,670		49,004		65,273
Total	73,386		$	136,512	$	149,159
Less imputed interest	42,795
Present value of capital lease obligations	$	30,591

Schedule of Future Minimum Rental Payments for Operating Leases

Maturities of lease liabilities in accordance with Topic 840 as of December 26, 2018 were as follows:

	Commitments				Lease Receipts
	Capital		Operating		Operating
	(In thousands)
2019	$	9,271	$	23,504	$	21,001
2020	8,664		20,161		18,493
2021	8,010		17,316		16,573
2022	7,320		14,646		14,887
2023	6,451		11,881		12,932
Thereafter	33,670		49,004		65,273
Total	73,386		$	136,512	$	149,159
Less imputed interest	42,795
Present value of capital lease obligations	$	30,591

Schedule of Operating Leases, Future Minimum Payments Receivable

Maturities of lease liabilities in accordance with Topic 840 as of December 26, 2018 were as follows:

	Commitments				Lease Receipts
	Capital		Operating		Operating
	(In thousands)
2019	$	9,271	$	23,504	$	21,001
2020	8,664		20,161		18,493
2021	8,010		17,316		16,573
2022	7,320		14,646		14,887
2023	6,451		11,881		12,932
Thereafter	33,670		49,004		65,273
Total	73,386		$	136,512	$	149,159
Less imputed interest	42,795
Present value of capital lease obligations	$	30,591