Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.20.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 25, 2020
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Components of Lease Expense
The table below presents components of lease expense for operating leases.
​ ​ Thirteen Weeks Ended Twenty-six Weeks Ended
in thousands Classification June 25, 2020 June 27, 2019 June 25, 2020 June 27, 2019
Operating lease cost (1) Selling and store operating $ 34,221    $ 28,914    $ 68,037    $ 54,929   
Sublease income Selling and store operating (597)   (606)   (1,194)   (1,229)  
Total lease cost ​ $ 33,624    $ 28,308    $ 66,843    $ 53,700   
(1) Includes variable lease costs, which were immaterial for the thirteen and twenty-six weeks ended June 25, 2020 and June 27, 2019.
Schedule of Future Minimum Lease Payments under Non-Cancelable Operating Leases
Future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) as of June 25, 2020 were as follows:​
in thousands Amount
Twenty-seven weeks ending December 31, 2020 $ 132,231   
2021 138,060   
2022 129,040   
2023 126,399   
2024 123,096   
Thereafter 656,948   
Total minimum lease payments (2) $ 1,305,774   
Less: amount of lease payments representing interest 318,605   
Present value of future minimum lease payments 987,169   
Less: current obligations under leases 90,543   
Long-term lease obligations $ 896,626   
(2) Future lease payments exclude approximately $72.1 million of legally binding minimum lease payments for operating leases signed but not yet commenced.