Leases (Tables)

6 Months Ended

Jun. 26, 2021

Lease, Cost [Table Text Block]

The components of lease cost for finance leases and operating leases for the twenty six weeks ended June 26, 2021 were (in thousands):

Finance leases:
Amortization of right-of-use assets	$	10,714
Interest on lease liability		1,379
Total finance lease cost		12,093
Operating leases:
Lease cost		1,740
Variable lease cost		—
Sublease income		(2,476	)
Total net operating lease income		(736	)
Total net lease cost	$	11,357

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 26, 2021 is as follows (in thousands):

Assets:
Operating lease right-of-use assets	Other assets	$	2,332
Finance lease assets	Operating property, less accumulated depreciation and amortization		123,613
Total lease assets		$	125,945
Liabilities:

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 26, 2021 (in thousands):

	Finance Leases		Operating Leases
2021 Remainder	$	17,399	$	384
2022		28,746		702
2023		21,735		615
2024		11,827		529
2025		5,580		284
Thereafter		—		—
Total future minimum lease payments		85,287		2,514
Less amount representing interest (1.9% to 4.4%)		3,656		182
Present value of minimum lease payments	$	81,631	$	2,332

Current maturities of long-term debt	30,450
Long-term debt, excluding current maturities	51,181
Other current liabilities		724
Deferred income taxes and other noncurrent liabilities		1,608

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 26, 2021 were:

	Finance Leases			Operating Leases
Weighted average remaining lease term (years)		3.1			3.7
Weighted average discount rate		3.0	%		4.0	%