Leases (Tables)
|
9 Months Ended |
Sep. 24, 2022 |
Leases [Abstract] |
|
Lease, Cost |
The components of operating and finance lease costs for the thirteen and thirty-nine weeks ended September 24, 2022 and thirteen and thirty-nine weeks ended September 25, 2021 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Thirteen Weeks Ended September 24, 2022 |
|
Thirteen Weeks Ended September 25, 2021 |
|
Thirty-nine Weeks Ended September 24, 2022 |
|
Thirty-nine Weeks Ended September 25, 2021 |
Operating lease costs |
|
$ |
5,082 |
|
|
$ |
5,482 |
|
|
$ |
15,029 |
|
|
$ |
15,724 |
|
Short term lease costs |
|
1,563 |
|
|
834 |
|
|
5,891 |
|
|
2,820 |
|
Variable lease costs |
|
529 |
|
|
576 |
|
|
1,066 |
|
|
1,334 |
|
Finance lease costs: |
|
|
|
|
|
|
|
|
Amortization of right of use assets |
|
485 |
|
|
230 |
|
|
1,082 |
|
|
668 |
|
Interest on lease liabilities |
|
34 |
|
|
29 |
|
|
87 |
|
|
96 |
|
September 24, 2022 and December 25, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 24, 2022 |
|
December 25, 2021 |
|
|
Operating Leases |
|
Finance Leases |
|
Operating Leases |
|
Finance Leases |
Weighted average remaining lease term |
|
6.30 |
|
2.82 |
|
6.60 |
|
2.60 |
Weighted average discount rate |
|
7.35% |
|
2.84% |
|
7.88% |
|
5.59% |
Supplemental cash flow information related to the Company's operating leases was as follows for the thirty-nine weeks ended September 24, 2022 and thirty-nine weeks ended September 25, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Thirty-nine Weeks Ended September 24, 2022 |
|
Thirty-nine Weeks Ended September 25, 2021 |
Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
|
Operating cash outflow from operating leases |
|
$ |
14,497 |
|
|
$ |
14,854 |
|
Operating cash outflow from finance leases |
|
84 |
|
|
99 |
|
Financing cash outflow from finance leases |
|
998 |
|
|
697 |
|
|
Assets and Liabilities, Lessee |
Supplemental balance sheet information related to the Company's finance leases was as follows as of September 24, 2022 and December 25, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 24, 2022 |
|
December 25, 2021 |
Finance lease assets, net, included in property plant and equipment |
|
$ |
4,757 |
|
|
$ |
1,768 |
|
|
|
|
|
|
Current portion of long-term debt |
|
1,818 |
|
|
767 |
|
Long-term debt, less current portion |
|
3,008 |
|
|
1,015 |
|
Total principal payable on finance leases |
|
$ |
4,826 |
|
|
$ |
1,782 |
|
|
Lessee, Operating Lease, Liability Maturity |
Maturities of our lease liabilities for all operating and finance leases are as follows as of September 24, 2022:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
Less than one year |
|
$ |
18,489 |
|
|
$ |
1,934 |
|
1 to 2 years |
|
17,227 |
|
|
1,683 |
|
2 to 3 years |
|
16,638 |
|
|
1,095 |
|
3 to 4 years |
|
15,871 |
|
|
266 |
|
4 to 5 years |
|
14,287 |
|
|
17 |
|
After 5 years |
|
23,361 |
|
|
1 |
|
Total future minimum rental commitments |
|
105,873 |
|
|
4,996 |
|
Less - amounts representing interest |
|
(20,125) |
|
|
(170) |
|
Present value of lease liabilities |
|
$ |
85,748 |
|
|
$ |
4,826 |
|
|
Lessee, Financing Lease, Liability Maturity |
Maturities of our lease liabilities for all operating and finance leases are as follows as of September 24, 2022:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
Less than one year |
|
$ |
18,489 |
|
|
$ |
1,934 |
|
1 to 2 years |
|
17,227 |
|
|
1,683 |
|
2 to 3 years |
|
16,638 |
|
|
1,095 |
|
3 to 4 years |
|
15,871 |
|
|
266 |
|
4 to 5 years |
|
14,287 |
|
|
17 |
|
After 5 years |
|
23,361 |
|
|
1 |
|
Total future minimum rental commitments |
|
105,873 |
|
|
4,996 |
|
Less - amounts representing interest |
|
(20,125) |
|
|
(170) |
|
Present value of lease liabilities |
|
$ |
85,748 |
|
|
$ |
4,826 |
|
|