Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
 9 Months Ended
Sep. 25, 2022
Leases [Abstract]  
Components of operating lease costs
Components of operating lease costs are included in occupancy, closed restaurant costs, restaurant pre-opening, general and administrative expense and property and equipment, net:
Thirteen Weeks Ended Thirty-Nine Weeks Ended
Lease cost: September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021
Operating lease cost $ 6,072  $ 6,388  $ 18,426  $ 19,263 
Variable lease cost 358  270  1,094  809 
$ 6,430  $ 6,658  $ 19,520  $ 20,072 
Supplemental Cash Flow Information
Supplemental cash flow disclosures and other lease information:
Thirty-Nine Weeks Ended
September 25, 2022 September 26, 2021
Cash paid for operating lease liabilities $ 23,377  $ 28,272 
Operating lease assets obtained (surrendered) in exchange for operating lease liabilities(a)
7,724  (1,998)
(a) The thirty-nine weeks ended September 25, 2022 includes a $7.4 million increase to operating lease assets and liabilities related to new lease commencements, a $2.8 million increase due to extending remaining lives of certain leases, partially offset by $2.5 million decrease as a result of termination of closed restaurant leases. The thirty-nine weeks ended September 26, 2021 includes a $8.9 million decrease to operating lease assets and liabilities related to the termination of five closed restaurant leases and a purchase of one existing lease, partially offset by a $6.9 million increase mainly due to extending remaining lives of certain leases.
Supplemental balance sheet information
Supplemental balance sheet disclosures:
Operating leases Classification September 25, 2022 December 26, 2021
Right-of-use assets Operating lease assets $ 149,036  $ 148,444 
Deferred rent payments Operating lease liability 107  447 
Current lease liabilities Operating lease liability 12,296  12,556 
12,403  13,003 
Deferred rent payments Operating lease liability, less current portion 89  152 
Non-current lease liabilities Operating lease liability, less current portion 185,354  188,583 
185,443  188,735 
Total lease liabilities $ 197,846  $ 201,738 
Weighted average remaining lease term (in years) 12.9 13.0
Weighted average discount rate 7.6  % 7.7%
Operating Lease Liability Maturity Schedule
Future minimum rent payments for our operating leases for the next five years as of September 25, 2022 are as follows:
Fiscal year ending:
Remainder of 2022 $ 6,696 
2023 26,603 
2024 25,960 
2025 26,075 
2026 25,095 
Thereafter 198,824 
Total minimum lease payments 309,253 
Less: imputed interest 111,407 
Present value of lease liabilities $ 197,846