Leases (Tables)

3 Months Ended

Apr. 01, 2023

The components of lease cost for finance leases and operating leases for the thirteen weeks ended April 1, 2023 were (in thousands):


Finance leases:
Amortization of right-of-use assets	$	5,237
Interest on lease liability		773

Total finance lease cost		6,010
Operating leases:
Lease cost		872
Variable lease cost		—
Sublease income		(1,317	)

Total net operating lease income		(445	)

Total net lease cost	$	5,565

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 April 1, 2023 is as follows (in thousands):

Assets:

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 April 1, 2023 (in thousands):


	Finance Leases		Operating Leases
2023 Remainder	$	28,659	$	624
2024		28,864		709
2025		22,672		438
2026		14,534		126
2027		4,115		126
Thereafter		—		49

Total future minimum lease payments		98,844		2,072
Less amount representing interest (1.6% to 6.0%)		4,852		183

Present value of minimum lease payments	$	93,992	$	1,889


Current maturities of long-term debt		33,801
Long-term debt, excluding current maturities		60,191
Other current liabilities				794
Deferred income taxes and other noncurrent liabilities				1,095

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 April 1, 2023 were:


	Finance Leases			Operating Leases

Weighted average remaining lease term (years)		3.2			3.1
Weighted average discount rate		3.0	%		6.0	%

Operating lease right-of-use assets

Other assets

Finance lease assets

Operating property, less accumulated depreciation and amortization

Total lease assets