XML 25 R14.htm IDEA: XBRL DOCUMENT v3.20.2
Leases
9 Months Ended
Sep. 29, 2020
Leases  
Leases

6. Leases

Components of lease expense were as follows (in thousands):

    

Thirteen
Weeks Ended

    

Thirteen
Weeks Ended

Thirty-Nine
Weeks Ended

Thirty-Nine
Weeks Ended

September 29, 2020

October 1, 2019

September 29, 2020

October 1, 2019

Operating

$

31,267

$

26,270

$

97,222

$

77,875

Variable

 

15,304

 

15,768

42,292

48,529

Short-term

 

93

 

81

346

234

Total

$

46,664

$

42,119

$

139,860

$

126,638

Supplemental cash flow information related to leases (in thousands):

    

Thirty-Nine
Weeks Ended

    

Thirty-Nine
Weeks Ended

September 29, 2020

October 1, 2019

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows from operating leases

$

85,076

$

73,163

Right-of-use assets obtained in exchange for new operating lease liabilities

46,068

35,271

In April 2020, the FASB staff issued interpretive guidance that indicated it would be acceptable for entities to make an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under Topic 842, as though enforceable rights and obligations for those concessions existed (regardless of whether those enforceable rights and obligations for the concessions explicitly exist in the contract) rather than as a lease modification. Lessees may make the election for any lessor-provided lease concession related to the impact of the COVID-19 pandemic if the concession does not result in a substantial increase in the rights of the lessor or in the obligations of the lessee.

During the second and third quarters of fiscal 2020, we received a number of lease concessions, primarily in the form of rent deferral or reduction over the period of time when our restaurant business was adversely impacted and have elected to apply the interpretive guidance. This election did not have a material impact on our consolidated financial statements. Three concession agreements did not qualify for this accounting election and were treated as lease modifications. We deferred rent payments of $7.6 million, the majority of which is due in fiscal 2021.