Leases (Tables)

9 Months Ended

Sep. 24, 2022

Lease, Cost [Table Text Block]

The components of lease cost for finance leases and operating leases for the thirty nine weeks ended September 24, 2022 were (in thousands):

Finance leases:
Amortization of right-of-use assets	$	16,455
Interest on lease liability		2,117
Total finance lease cost		18,572
Operating leases:
Lease cost		2,587
Variable lease cost		—
Sublease income		(3,711	)
Total net operating lease income		(1,124	)
Total net lease cost	$	17,448

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

A summary of the lease classification on our consolidated balance sheet as of September 24, 2022 is as follows (in thousands):

Assets:

Operating lease right-of-use assets	Other assets	$	1,628
Finance lease assets	Operating property, less accumulated depreciation and amortization		146,903
Total lease assets		$	148,531

Finance And Operating Lease Maturity [Table Text Block]

Liabilities:

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 24, 2022 (in thousands):

	Finance Leases		Operating Leases
2022 Remainder	$	10,680	$	194
2023		37,822		705
2024		27,969		542
2025		21,771		285
2026		13,633		—
Thereafter		3,214		—
Total future minimum lease payments		115,089		1,726
Less amount representing interest (1.6% to 4.6%)		5,619		98
Present value of minimum lease payments	$	109,470	$	1,628
Current maturities of long-term debt		37,375
Long-term debt, excluding current maturities		72,095
Other current liabilities				715
Deferred income taxes and other noncurrent liabilities				913

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 24, 2022 were:

	Finance Leases			Operating Leases
Weighted average remaining lease term (years)		3.5			2.6
Weighted average discount rate		2.9	%		4.5	%