Leases (Tables)
|
9 Months Ended |
Sep. 29, 2019 |
|---|
| Leases [Abstract] |
|
| Components of operating lease costs |
Components of operating lease costs are included in the occupancy, general and administrative expense and property and equipment, net:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Thirteen Weeks Ended |
|
Thirty-Nine Weeks Ended |
|
|
September 29, 2019 |
|
September 29, 2019 |
Lease cost |
|
Unrelated Parties |
|
Related Party |
|
Total |
|
Unrelated Parties |
|
Related Party |
|
Total |
Operating lease cost (a)
|
|
$ |
5,647 |
|
|
$ |
576 |
|
|
$ |
6,223 |
|
|
$ |
16,654 |
|
|
$ |
1,728 |
|
|
$ |
18,382 |
|
Variable lease cost |
|
160 |
|
|
155 |
|
|
315 |
|
|
382 |
|
|
483 |
|
|
865 |
|
|
|
$ |
5,807 |
|
|
$ |
731 |
|
|
$ |
6,538 |
|
|
$ |
17,036 |
|
|
$ |
2,211 |
|
|
$ |
19,247 |
|
(a) Includes short-term operating lease costs which are immaterial.
Supplemental cash flow disclosures and other lease information for the thirteen weeks ended September 29, 2019:
|
|
|
|
Cash paid for operating lease liabilities |
19,177 |
|
Operating lease assets obtained in exchange for operating lease liabilities (a) |
176,511 |
|
Weighted average remaining lease term (in years) |
15.3 |
|
Weighted average discount rate |
7.8 |
% |
|
| Supplemental balance sheet information |
Supplemental balance sheet disclosures:
|
|
|
|
|
|
|
|
Operating leases |
|
Classification |
|
September 29, 2019 |
Right-of-use assets |
|
Operating lease assets |
|
$ |
170,618 |
|
|
|
|
|
|
Current lease liabilities |
|
Operating lease liability |
|
$ |
9,705 |
|
Non-current lease liabilities |
|
Operating lease liability, less current portion |
|
216,010 |
|
Total lease liabilities |
|
|
|
$ |
225,715 |
|
|
| Schedule of Future Minimum Rent Payments for Operating Leases |
Future minimum rent payments for our operating leases for each of the next five years as of September 29, 2019 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrelated Parties |
|
Related Party |
|
Total |
Fiscal year ending: |
|
|
|
|
|
Remainder of 2019 |
$ |
6,029 |
|
|
$ |
570 |
|
|
$ |
6,599 |
|
2020 |
24,565 |
|
|
2,286 |
|
|
26,851 |
|
2021 |
24,932 |
|
|
2,292 |
|
|
27,224 |
|
2022 |
24,775 |
|
|
1,439 |
|
|
26,214 |
|
2023 |
25,143 |
|
|
1,446 |
|
|
26,589 |
|
Thereafter |
274,363 |
|
|
1,205 |
|
|
275,568 |
|
Total minimum lease payments |
379,807 |
|
|
9,238 |
|
|
389,045 |
|
Less: imputed interest |
161,852 |
|
|
1,478 |
|
|
163,330 |
|
Present value of lease liabilities |
$ |
217,955 |
|
|
$ |
7,760 |
|
|
$ |
225,715 |
|
|
| Fiscal Year 2018 Schedule of Future Minimum Rental Payments for Operating Leases |
As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting, future minimum rent payments for our operating leases for each of the next five years and in total are as follows as of December 30, 2018:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrelated Parties |
|
Related Party |
|
Total |
Fiscal year ending: |
|
|
|
|
|
2019 |
$ |
23,638 |
|
|
$ |
2,279 |
|
|
$ |
25,917 |
|
2020 |
25,184 |
|
|
2,286 |
|
|
27,470 |
|
2021 |
25,620 |
|
|
2,292 |
|
|
27,912 |
|
2022 |
25,463 |
|
|
1,439 |
|
|
26,902 |
|
2023 |
25,832 |
|
|
1,446 |
|
|
27,278 |
|
Thereafter |
294,112 |
|
|
1,205 |
|
|
295,317 |
|
Total minimum lease payments |
$ |
419,849 |
|
|
$ |
10,947 |
|
|
$ |
430,796 |
|
|