Leases

12 Months Ended

Dec. 28, 2021

Leases

Leases

13.    Leases

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

		Fiscal year
		2021	2020		2019
Operating	$	131,834	$	129,431	$	112,048
Variable		73,909		58,863		66,689
Short-term		283		414		368
Total	$	206,026	$	188,708	$	179,105

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

		Fiscal Year
	2021			2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	138,715		$	115,273
Right-of-use assets obtained in exchange for new operating lease liabilities		50,953			46,068
Weighted-average remaining lease term — operating leases (in years)		15.6			16.2
Weighted-average discount rate — operating leases		5.1	%		5.1	%

As of December 28, 2021, the maturities of our operating lease liabilities were as follows (in thousands):

2022	$	135,191
2023		134,044
2024		131,861
2025		131,286
2026		129,088
Thereafter		1,343,279
Total future lease payments		2,004,749
Less: Interest		(654,662)
Present value of lease liabilities	$	1,350,087

Operating lease liabilities include $816.0 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $151.6 million of legally binding minimum lease payments for leases signed but not yet commenced.