Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.20.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 26, 2020
Commitments and Contingencies.  
Schedule of components of lease expense

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Thirteen Weeks Ended

in thousands

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Classification

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March 26, 2020

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March 28, 2019

Operating lease cost (1)

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Selling and store operating

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$

33,816

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$

26,015

Sublease income

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Selling and store operating

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(597)

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(623)

Total lease cost

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$

33,219

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$

25,392

(1) Includes variable lease costs, which were immaterial for the thirteen weeks ended March 26, 2020 and March 28, 2019.

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Schedule of future minimum lease payments under non cancelable operating leases

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in thousands

    

Amount

Forty weeks ended December 31, 2020

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$

119,364

2021

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133,445

2022

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126,405

2023

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123,690

2024

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119,965

Thereafter

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642,961

Total minimum lease payments (2)

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$

1,265,830

Less: amount of lease payments representing interest

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309,221

Present value of future minimum lease payments

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956,609

Less: current obligations under leases

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67,588

Long-term lease obligations

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$

889,021

(2) Future lease payments exclude approximately $91.7 million of legally binding minimum lease payments for operating leases signed but not yet commenced.

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