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

    

Thirteen Weeks Ended

in thousands

Classification

March 26, 2020

March 28, 2019

Operating lease cost (1)

Selling and store operating

$

33,816

$

26,015

Sublease income

Selling and store operating

 

(597)

 

(623)

Total lease cost

$

33,219

$

25,392

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

Schedule of future minimum lease payments under non cancelable operating leases

in thousands

    

Amount

Forty weeks ended December 31, 2020

$

119,364

2021

 

133,445

2022

 

126,405

2023

 

123,690

2024

 

119,965

Thereafter

 

642,961

Total minimum lease payments (2)

$

1,265,830

Less: amount of lease payments representing interest

309,221

Present value of future minimum lease payments

956,609

Less: current obligations under leases

67,588

Long-term lease obligations

$

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.