Quarterly report pursuant to Section 13 or 15(d)

Leases Leases (Tables)

v3.20.2
Leases Leases (Tables)
9 Months Ended
Sep. 26, 2020
Leases [Abstract]  
Lease, Cost
The components of operating and finance lease cost for the thirteen and thirty-nine weeks ended September 26, 2020 and thirteen and thirty-nine weeks ended September 28, 2019 were as follows:
Thirteen Weeks Ended
September 26, 2020
Thirty-nine Weeks Ended
September 26, 2020
Thirteen Weeks Ended
September 28, 2019
Thirty-nine Weeks Ended
September 28, 2019
Operating lease cost $ 4,989  $ 14,283  $ 5,101  $ 14,399 
Short term lease costs 633  1,682  668  2,644 
Variable lease costs 104  775  720  1,795 
Finance lease cost:
Amortization of right of use assets 206  608  190  425 
Interest on lease liabilities 34  106  35  78 
The weighted average remaining lease terms and discount rates for all of our operating and finance leases were as follows as of September 26, 2020 and December 28, 2019:
September 26, 2020 December 28, 2019
Operating Leases Finance Leases Operating Leases Finance Leases
Weighted average remaining lease term 7.36 2.81 7.88 3.46
Weighted average discount rate 8.24  % 6.84  % 7.81  % 6.49  %
Supplemental cash flow information related to the Company's operating leases was as follows for the thirty-nine weeks ended September 26, 2020 and thirty-nine weeks ended September 28, 2019:

Thirty-nine Weeks Ended
September 26, 2020
Thirty-nine Weeks Ended
September 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflow from operating leases $ 13,821  $ 13,872 
Operating cash outflow from finance leases 106  66 
Financing cash outflow from finance leases 624  484 
Assets and Liabilities, Lessee
Supplemental balance sheet information related to the Company's finance leases was as follows as of September 26, 2020 and December 28, 2019:
September 26, 2020 December 28, 2019
Finance lease assets, net, included in property plant and equipment $ 1,902  $ 2,101 
Current portion of long-term debt 814  749 
Long-term debt, less current portion 1,221  1,526 
Total principal payable on finance leases 2,035  2,275 
Lessee, Operating Lease, Liability Maturity
Maturities of our lease liabilities for all operating and finance leases are as follows as of September 26, 2020:
Operating Leases Finance Leases
Less than one year $ 18,428  $ 932 
1 to 2 years 15,845  692 
2 to 3 years 13,846  414 
3 to 4 years 13,019  211 
4 to 5 years 12,080  — 
After 5 years 37,814  — 
Total future minimum rental commitments 111,032  2,249 
Less - amounts representing interest (28,323) (214)
Present value of lease liabilities $ 82,709  $ 2,035 
Lessee, Financing Lease, Liability Maturity
Maturities of our lease liabilities for all operating and finance leases are as follows as of September 26, 2020:
Operating Leases Finance Leases
Less than one year $ 18,428  $ 932 
1 to 2 years 15,845  692 
2 to 3 years 13,846  414 
3 to 4 years 13,019  211 
4 to 5 years 12,080  — 
After 5 years 37,814  — 
Total future minimum rental commitments 111,032  2,249 
Less - amounts representing interest (28,323) (214)
Present value of lease liabilities $ 82,709  $ 2,035 
Schedule of Future Minimum Rental Payments for Operating Leases
As of December 28, 2019, maturities of our lease liabilities for all operating and finance leases were expected to be as follows:
Operating Leases Finance Leases
Less than one year $ 17,525  $ 873 
1 to 2 years 15,956  712 
2 to 3 years 13,925  456 
3 to 4 years 12,045  383 
4 to 5 years 11,716  127 
After 5 years 43,591  — 
Total future minimum rental commitments 114,758  2,551 
Less - amounts representing interest (30,072) (276)
Present value of lease liabilities 84,686  2,275