Leases (Tables)

6 Months Ended

Jul. 01, 2023

Lease, Cost [Table Text Block]

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

Finance leases:
Amortization of right-of-use assets	$	10,445
Interest on lease liability		1,452
Total finance lease cost		11,897
Operating leases:
Lease cost		1,751
Variable lease cost		—
Sublease income		(2,626	)
Total net operating lease income		(875	)
Total net lease cost	$	11,022

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

Assets:
Operating lease right-of-use assets	Other assets	$	1,766
Finance lease assets	Operating property, less accumulated depreciation and amortization		125,947
Total lease assets		$	127,713
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 July 1, 2023 (in thousands):

	Finance Leases		Operating Leases
2023 Remainder	$	18,669	$	430
2024		28,843		735
2025		22,658		456
2026		14,530		128
2027		4,115		128
Thereafter		—		50
Total future minimum lease payments		88,815		1,927
Less amount representing interest (1.6% to 6.0%)		4,106		161
Present value of minimum lease payments	$	84,709	$	1,766
Current maturities of long-term debt		31,560
Long-term debt, excluding current maturities		53,149
Other current liabilities				800
Deferred income taxes and other noncurrent liabilities				966

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 July 1, 2023 were:

	Finance Leases			Operating Leases
Weighted average remaining lease term (years)		3.1			2.9
Weighted average discount rate		3.0	%		6.0	%