Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases

Schedule of average terms of lease portfolios

	Average lease term
Domestic Company-owned restaurants	Five years, plus at least one renewal
United Kingdom franchise-owned restaurants	15 years
Domestic commissary locations	10 years, plus at least one renewal
Domestic and international tractors and trailers	Five to seven years
Domestic and international commissary and office equipment	Three to five years

Schedule of operating lease assets and liabilities

The following schedule details the total right-of-use assets and lease liabilities on the Condensed Consolidated Balance Sheet as of June 30, 2019 and the date of adoption on December 31, 2018 (in thousands):

			June 30,		December 31,
Leases	Classification		2019		2018
Assets
Operating lease assets, net	Right-of-Use Assets	$	148,868	$	161,027
Operating lease assets, net	Assets Held for Sale		4,015		—
Total lease assets		$	152,883	$	161,027
Liabilities
Current operating	Current Lease Liabilities	$	24,103	$	25,348
Noncurrent operating	Long-term Lease Liabilities		124,458		137,511
Operating leases held for sale	Accrued Expenses and other current liabilities		4,199		—
Total lease liabilities		$	152,760	$	162,859

Schedule of components of lease expense

		Three Months Ended		Six Months Ended
(in thousands)		June 30, 2019		June 30, 2019
Operating lease cost	$	10,620	$	21,414
Short-term lease cost		838		1,629
Variable lease cost		2,096		4,742
Total lease costs	$	13,554	$	27,785
Sublease income		(2,418)		(4,757)
Total lease costs, net of sublease income	$	11,136	$	23,028

Schedule of future minimum lease payments and sublease income under contractually-obligated leases

Future minimum lease payments and sublease income under contractually-obligated leases as of June 30, 2019 were as follows (in thousands):

Fiscal Year	Lease Costs		Expected Sublease Income
Remainder of 2019	$	16,119	$	4,174
2020		35,862		8,326
2021		31,089		8,180
2022		25,580		7,969
2023		19,748		7,733
Thereafter		69,787		46,502
Total future minimum lease payments		198,185		82,884
Less imputed interest		(45,425)		—
Less lease liabilities held for sale (1)		(4,199)		—
Total present value of Lease Liabilities	$	148,561	$	82,884

(1) Lease liabilities of $4.2 million are separately reported in the Company’s Condensed Consolidated Balance Sheets under the caption “Accrued expenses and other current liabilities”.

Future minimum lease payments and sublease income under contractually-obligated leases as of December 30, 2018 were as follows (in thousands):

Fiscal Year	Lease Costs		Expected Sublease Income
2019	$	40,834	$	8,079
2020		36,631		8,061
2021		31,159		7,818
2022		25,188		7,462
2023		18,694		7,182
Thereafter		57,304		42,518
Total future minimum lease payments	$	209,810	$	81,120

Schedule of supplemental cash flow information

Supplemental cash flow information related to leases for the periods reported is as follows:

		Six Months Ended
(in thousands, except for weighted-average amounts)		June 30, 2019
Cash paid for operating lease liabilities	$	20,307
Right-of-use assets obtained in exchange for new operating lease liabilities		6,180
Cash received from sublease income		4,662
Weighted-average remaining lease term of operating leases		7.19
Weighted-average discount rate of operating leases		6.93%