Leases (Tables)

9 Months Ended

Sep. 26, 2020

Lease, Cost [Table Text Block]

The components of lease cost for finance leases and operating leases for the thirty nine weeks ended September 26, 2020 were (in thousands):

Finance leases:
Amortization of right-of-use assets	$	18,534
Interest on lease liability		2,447
Total finance lease cost		20,981
Operating leases:
Lease cost		2,300
Variable lease cost		—
Sublease income		(3,513	)
Total net operating lease income		(1,213	)
Total net lease cost	$	19,768

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 September 26, 2020 is as follows (in thousands):

Assets:

Operating lease right-of-use assets	Other assets	$	2,391
Finance lease assets	Operating property, less accumulated depreciation and amortization		140,064
Total lease assets		$	142,455

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 September 26, 2020 (in thousands):

	Finance Leases		Operating Leases
2020 Remainder	$	11,269	$	166
2021		33,830		651
2022		24,358		653
2023		16,681		523
2024		6,742		454
Thereafter		793		154
Total future minimum lease payments		93,673		2,601
Less amount representing interest (2.1% to 4.4%)		6,380		210
Present value of minimum lease payments	$	87,293	$	2,391
Current maturities of long-term debt		34,723
Long-term debt, excluding current maturities		52,570
Other current liabilities				640
Deferred income taxes and other noncurrent liabilities				1,751

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 September 26, 2020 were:

	Finance Leases			Operating Leases
Weighted average remaining lease term (years)		3.0			4.2
Weighted average discount rate		3.2	%		4.0	%