Leases (Tables)

9 Months Ended

Sep. 30, 2023

Lease, Cost

The components of lease cost for finance leases and operating leases for the thirty-nine weeks ended September 30, 2023 were (in thousands):

Finance leases:
Amortization of right-of-use assets	$	15,634
Interest on lease liability		2,060
Total finance lease cost		17,694
Operating leases:
Lease cost		2,640
Variable lease cost		—
Sublease income		(3,963	)
Total net operating lease income		(1,323	)
Total net lease cost	$	16,371

Schedule Of Supplemental Balance Sheet Information Related To Leases

A summary of the lease classification on our consolidated balance sheet as of September 30, 2023 is as follows (in thousands):

Assets:

Operating lease right-of-use assets	Other assets	$	1,801
Finance lease assets	Operating property, less accumulated depreciation and amortization		112,558
Total lease assets		$	114,359

Finance And Operating Lease Maturity

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 30, 2023 (in thousands):

	Finance Leases		Operating Leases
2023 Remainder	$	8,736	$	226
2024		28,843		821
2025		22,658		508
2026		14,530		190
2027		4,115		169
Thereafter		—		49
Total future minimum lease payments		78,882		1,963
Less amount representing interest (1.6% to 6.0%)		3,499		162
Present value of minimum lease payments	$	75,383	$	1,801
Current maturities of long-term debt		29,210
Long-term debt, excluding current maturities		46,173
Other current liabilities				844
Deferred income taxes and other noncurrent liabilities				957

Schedule Discount Rate And Lease Term Used In Calculating Lease Liabilities And Assets

The weighted average remaining lease term and the weighted average discount rate for finance and operating leases as of September 30, 2023 were:

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