Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
 3 Months Ended
Mar. 26, 2023
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
Lease cost March 26, 2023 March 27, 2022
Operating lease cost $ 6,041  $ 6,209 
Variable lease cost 450  379 
$ 6,491  $ 6,588 
Supplemental Cash Flow Information
Supplemental cash flow disclosures and other lease information:
Thirteen Weeks Ended
March 26, 2023 March 27, 2022
Cash paid for operating lease liabilities $ 6,821  $ 8,634 
Operating lease assets obtained in exchange for operating lease liabilities(a)
—  3,955 
(a) The thirteen weeks ended March 27, 2022 includes a $2.4 million increase to operating lease assets and liabilities related to new lease commencements and a $1.5 million increase primarily due to extending remaining lives of certain leases.
Supplemental balance sheet information
Supplemental balance sheet disclosures:
Operating leases Classification March 26, 2023 December 25, 2022
Right-of-use assets Operating lease assets $ 144,435  $ 146,920 
Deferred rent payments Operating lease liability 6  84 
Current lease liabilities Operating lease liability 12,483  12,415 
12,489  12,499 
Deferred rent payments Operating lease liability, less current portion 66  68 
Non-current lease liabilities Operating lease liability, less current portion 180,577  183,602 
180,643  183,670 
Total lease liabilities $ 193,132  $ 196,169 
Weighted average remaining lease term (in years) 12.5 12.7
Weighted average discount rate 7.6  % 7.6%
Operating Lease Liability Maturity Schedule
Future minimum rent payments for our operating leases for the next five years as of March 26, 2023 are as follows:
Fiscal year ending:
Remainder of 2023 $ 20,027 
2024 26,163 
2025 26,279 
2026 25,298 
2027 22,894 
Thereafter 178,172 
Total minimum lease payments 298,833 
Less: imputed interest 105,701 
Present value of lease liabilities $ 193,132