Leases (Tables)

3 Months Ended

Mar. 27, 2021

Lease, Cost [Table Text Block]

The components of lease cost for finance leases and operating leases for the thirteen weeks ended March 27, 2021 were (in thousands):

Finance leases:
Amortization of right-of-use assets	$	5,478
Interest on lease liability		727
Total finance lease cost		6,205
Operating leases:
Lease cost		846
Variable lease cost		—
Sublease income		(1,190	)
Total net operating lease income		(344	)
Total net lease cost	$	5,861

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 March 27, 2021 is as follows (in thousands):Assets:

Operating lease right-of-use assets	Other assets	$	2,440
Finance lease assets	Operating property, less accumulated depreciation and amortization		131,470
Total lease assets		$	133,910

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 March 27, 2021 (in thousands):

	Finance Leases		Operating Leases
2021 Remainder	$	27,426	$	564
2022		28,753		686
2023		21,742		600
2024		11,827		516
2025		5,580		275
Thereafter		—		—
Total future minimum lease payments		95,328		2,641
Less amount representing interest (1.9% to 4.4%)		4,332		201
Present value of minimum lease payments	$	90,996	$	2,440
Current maturities of long-term debt		32,800
Long-term debt, excluding current maturities		58,196
Other current liabilities				728
Deferred income taxes and other noncurrent liabilities				1,712

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 March 27, 2021 were:

	Finance Leases			Operating Leases
Weighted average remaining lease term (years)		3.3			3.9
Weighted average discount rate		3.0	%		4.0	%