Floor & Decor Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 26, 2019


		As of
in thousands, except lease term and discount rate	Classification	December 26, 2019
Assets
Building	Right-of-use assets	$	808,989
Equipment	Right-of-use assets		7,322
Land	Right-of-use assets		2,378
Software	Right-of-use assets		3,567
Total operating lease assets		$	822,256
Liabilities
Current
Building	Current portion of lease liabilities	$	67,500
Equipment	Current portion of lease liabilities		3,758
Land	Current portion of lease liabilities		170
Software	Current portion of lease liabilities		3,164
Total current operating lease liabilities			74,592
Noncurrent
Building	Lease liabilities		837,510
Equipment	Lease liabilities		3,902
Land	Lease liabilities		2,357
Software	Lease liabilities		500
Total noncurrent operating lease liabilities			844,269
Total operating lease liabilities		$	918,861

Weighted-average remaining lease term			10 years
Weighted-average discount rate			5.3%

(1)	Includes variable lease costs, which are immaterial.


in thousands	Amount
2020	$	122,303
2021		127,449
2022		120,091
2023		116,505
2024		113,019
Thereafter		622,954
Total minimum lease payments (2)	$	1,222,321
Less: amount of lease payments representing interest		303,460
Present value of future minimum lease payments		918,861
Less: current obligations under leases		74,592
Long-term lease obligations	$	844,269

(2)	Future lease payments exclude approximately $165.8 million of legally binding minimum lease payments for operating leases signed but not yet commenced.