Leases

12 Months Ended

Dec. 29, 2020

Leases

Leases

13.    Leases

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

	Fiscal Year
	2020		2019
Operating	$	129,431	$	112,048
Variable		58,863		66,689
Short-term		414		368
Total	$	188,708	$	179,105

Rent expense on all operating leases (under ASC 840) was as follows (in thousands):

	Fiscal Year
	2018
Straight-lined minimum base rent	$	83,999
Contingent rent		20,147
Common area maintenance and taxes		39,961
Total	$	144,107

Supplemental information related to leases (in thousands, except percentages):

	Fiscal Year
	2020			2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	115,273		$	103,210
Right-of-use assets obtained in exchange for new operating lease liabilities		46,068			262,421	(1)
Weighted-average remaining lease term — operating leases (in years)		16.2			16.6
Weighted-average discount rate — operating leases		5.1	%		5.2	%

(1) Includes $223.5 million in right-of-use assets related to the Acquisition. (See Note 2 for further discussion of the Acquisition.)

As of December 29, 2020, the maturities of our operating lease liabilities were as follows (in thousands):

2021	$	135,801
2022		128,707
2023		126,925
2024		127,012
2025		126,660
Thereafter		1,395,083
Total future lease payments		2,040,188
Less: Interest		(683,347)
Present value of lease liabilities	$	1,356,841

Operating lease liabilities include $840.5 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $130.5 million of legally binding minimum lease payments for leases signed but not yet commenced.