Leases (Tables)

6 Months Ended

Jun. 27, 2020

Lease, Cost [Table Text Block]

The components of lease cost for finance leases and operating leases for the twenty six weeks ended June 27, 2020 were (in thousands):

Finance leases:
Amortization of right-of-use assets	$	12,372
Interest on lease liability		1,689
Total finance lease cost		14,061
Operating leases:
Lease cost		1,518
Variable lease cost		—
Sublease income		(2,413	)
Total operating lease (income)/cost		(895	)
Total lease cost	$	13,166

Schedule Of Supplemental Balance Sheet In formation Related To Leases [Table Text Block]

A summary of the lease classification on our consolidated balance sheet as of June 27, 2020 is as follows (in thousands):

Assets:

Operating lease right-of-use assets	Other assets	$	2,462
Finance lease assets	Operating property, less accumulated depreciation and amortization		151,518
Total lease assets		$	153,980

Finance And Operating Lease Maturity [Table Text Block]

The following table reconciles the undiscounted cash flows for the finance and operating leases to the finance and operating lease liabilities recorded on the balance sheet at June 27, 2020 (in thousands):

	Finance Leases		Operating Leases
2020 Remainder	$	22,849	$	340
2021		32,858		643
2022		23,709		645
2023		16,686		515
2024		6,742		448
Thereafter		793		92
Total future minimum lease payments		103,637		2,683
Less amount representing interest (2.1% to 4.4%)		5,266		221
Present value of minimum lease payments	$	98,371	$	2,462
Current maturities of long-term debt		38,219
Long-term debt, excluding current maturities		60,152
Other current liabilities				648
Deferred income taxes and other noncurrent liabilities				1,814

Schedule Discount Rate And Lease Term Used In Calculating Lease Liabilities And Assets [Table Text Block]

The weighted average remaining lease term and the weighted average discount rate for finance and operating leases as of June 27, 2020 were:

	Finance Leases			Operating Leases
Weighted average remaining lease term (years)		3.2			4.3
Weighted average discount rate		3.2	%		4.0	%