Leases (Tables)
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3 Months Ended |
Mar. 26, 2022 |
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| Leases [Abstract] |
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| Lease, Cost |
The components of operating and finance lease costs for the thirteen weeks ended March 26, 2022 and thirteen weeks ended March 27, 2021 were as follows:
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Thirteen weeks ended March 26, 2022 |
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Thirteen weeks ended March 27, 2021 |
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| Operating lease costs |
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$ |
4,994 |
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$ |
5,094 |
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| Short term lease costs |
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1,657 |
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887 |
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| Variable lease costs |
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522 |
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303 |
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| Finance lease costs: |
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| Amortization of right of use assets |
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265 |
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215 |
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| Interest on lease liabilities |
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26 |
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34 |
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March 26, 2022 |
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December 25, 2021 |
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Operating Leases |
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Finance Leases |
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Operating Leases |
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Finance Leases |
| Weighted average remaining lease term |
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6.44 |
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2.53 |
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6.60 |
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2.60 |
| Weighted average discount rate |
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7.89% |
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4.59% |
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7.88% |
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5.59% |
Supplemental cash flow information related to the Company's operating leases was as follows for the thirteen weeks ended March 26, 2022 and thirteen weeks ended March 27, 2021:
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Thirteen Weeks Ended
March 26, 2022 |
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Thirteen Weeks Ended
March 27, 2021 |
| Cash paid for amounts included in the measurement of lease liabilities: |
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| Operating cash outflow from operating leases |
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$ |
4,844 |
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$ |
4,907 |
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| Operating cash outflow from finance leases |
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27 |
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35 |
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| Financing cash outflow from finance leases |
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259 |
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227 |
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| Assets and Liabilities, Lessee |
Supplemental balance sheet information related to the Company's finance leases was as follows as of March 26, 2022 and December 25, 2021:
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March 26, 2022 |
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December 25, 2021 |
| Finance lease assets, net, included in property plant and equipment |
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$ |
1,828 |
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$ |
1,768 |
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| Current portion of long-term debt |
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1,163 |
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767 |
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| Long-term debt, less current portion |
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1,105 |
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1,015 |
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| Total principal payable on finance leases |
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$ |
2,268 |
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$ |
1,782 |
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| Lessee, Operating Lease, Liability Maturity |
Maturities of our lease liabilities for all operating and finance leases are as follows as of March 26, 2022:
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Operating Leases |
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Finance Leases |
| Less than one year |
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$ |
18,818 |
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$ |
1,079 |
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| 1 to 2 years |
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16,854 |
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822 |
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| 2 to 3 years |
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15,980 |
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356 |
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| 3 to 4 years |
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15,147 |
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99 |
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| 4 to 5 years |
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14,353 |
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19 |
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| After 5 years |
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26,472 |
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— |
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| Total future minimum rental commitments |
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107,624 |
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2,375 |
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| Less - amounts representing interest |
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(23,085) |
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(107) |
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| Present value of lease liabilities |
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$ |
84,539 |
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$ |
2,268 |
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| Lessee, Financing Lease, Liability Maturity |
Maturities of our lease liabilities for all operating and finance leases are as follows as of March 26, 2022:
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Operating Leases |
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Finance Leases |
| Less than one year |
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$ |
18,818 |
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$ |
1,079 |
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| 1 to 2 years |
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16,854 |
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822 |
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| 2 to 3 years |
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15,980 |
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356 |
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| 3 to 4 years |
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15,147 |
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99 |
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| 4 to 5 years |
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14,353 |
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19 |
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| After 5 years |
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26,472 |
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— |
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| Total future minimum rental commitments |
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107,624 |
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2,375 |
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| Less - amounts representing interest |
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(23,085) |
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(107) |
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| Present value of lease liabilities |
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$ |
84,539 |
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$ |
2,268 |
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