v3.19.2
Leases Leases (Tables)
6 Months Ended
Jun. 29, 2019
Leases [Abstract]  
Lease, Cost
Supplemental cash flow information related to our operating leases was as follows for the twenty-six weeks ended June 29, 2019:

 
 
Twenty-six Weeks Ended
June 29, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash outflow from operating leases
 
$
9,129

Operating cash outflow from finance leases
 
31

Financing cash outflow from finance leases
 
283



The weighted average remaining lease terms and discount rates for all of our operating leases were as follows as of June 29, 2019:

 
 
Operating Leases(1)
 
Finance Leases
Weighted average remaining lease term
 
7.86

 
3.92

Weighted average discount rate
 
6.50
%
 
6.54
%

(1) Upon adoption of the new lease standard, discount rates used for existing operating leases were established on January 1, 2019.
The components of operating and finance lease cost for the thirteen and twenty-six weeks ended June 29, 2019 were as follows:

 
 
Thirteen Weeks Ended
June 29, 2019
 
Twenty-six Weeks Ended
June 29, 2019
Operating lease cost
 
$
4,575

 
$
9,298

Short term lease costs
 
742

 
1,975

Variable lease costs
 
352

 
540

Finance lease cost:
 
 
 
 
Amortization of right of use assets
 
143

 
235

Interest on lease liabilities
 
28

 
43


Assets and Liabilities, Lessee
Supplemental balance sheet information related to the Company's finance leases as of June 29, 2019:
 
 
June 29, 2019
Finance lease assets, net, included in property plant and equipment
 
$
1,922

 
 
 
Current portion of long-term debt
 
626

Long-term debt, less current portion
 
1,507

Total principal payable on finance leases
 
2,133


Lessee, Operating Lease, Liability Maturity
Maturities of our lease liabilities for all operating and finance leases are as follows as of June 29, 2019:
 
 
Operating Leases
 
Finance Leases
Less than one year
 
$
15,960

 
$
755

1 to 2 years
 
13,546

 
617

2 to 3 years
 
11,541

 
468

3 to 4 years
 
9,866

 
371

4 to 5 years
 
8,296

 
218

After 5 years
 
34,265

 

Total future minimum rental commitments
 
93,474

 
2,429

Less - amounts representing interest
 
(19,981
)
 
(296
)
Present value of lease liabilities
 
$
73,493

 
$
2,133


Lessee, Financing Lease, Liability Maturity
Maturities of our lease liabilities for all operating and finance leases are as follows as of June 29, 2019:
 
 
Operating Leases
 
Finance Leases
Less than one year
 
$
15,960

 
$
755

1 to 2 years
 
13,546

 
617

2 to 3 years
 
11,541

 
468

3 to 4 years
 
9,866

 
371

4 to 5 years
 
8,296

 
218

After 5 years
 
34,265

 

Total future minimum rental commitments
 
93,474

 
2,429

Less - amounts representing interest
 
(19,981
)
 
(296
)
Present value of lease liabilities
 
$
73,493

 
$
2,133


Schedule of Future Minimum Rental Payments for Operating Leases
As of December 29, 2018, minimum lease payments under non-cancellable operating leases by period were expected to be as follows:

 
 
Operating Leases
Less than one year
 
$
17,326

1 to 2 years
 
14,736

2 to 3 years
 
13,305

3 to 4 years
 
12,012

4 to 5 years
 
9,541

After 5 years
 
16,664

Total future minimum rental commitments
 
83,584