Leases (Tables)
|
6 Months Ended |
Jul. 12, 2025 |
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| Leases [Abstract] |
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| Lease Modifications and Renewals and Lease Terminations |
The following table details lease modifications and renewals and lease terminations (amounts in thousands):
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For the Twelve Weeks Ended |
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For the Twenty-Eight Weeks Ended |
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July 12, 2025 |
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July 13, 2024 |
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July 12, 2025 |
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|
July 13, 2024 |
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Lease modifications and renewals |
|
$ |
3,738 |
|
|
$ |
4,171 |
|
|
$ |
10,717 |
|
|
$ |
20,637 |
|
Lease terminations |
|
$ |
826 |
|
|
$ |
221 |
|
|
$ |
881 |
|
|
$ |
1,551 |
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|
| Lease Costs Incurred By Lease Type, and/or Type Of Payment |
Lease costs incurred by lease type, and/or type of payment, and other supplemental quantitative disclosures as of and for the twelve and twenty-eight weeks ended July 12, 2025 and July 13, 2024, were as follows (amounts in thousands):
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For the Twelve Weeks Ended |
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For the Twenty-Eight Weeks Ended |
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July 12, 2025 |
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July 13, 2024 |
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|
July 12, 2025 |
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|
July 13, 2024 |
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Lease cost: |
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|
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|
|
|
|
|
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Amortization of right-of-use assets |
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$ |
23 |
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$ |
64 |
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|
$ |
44 |
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$ |
151 |
|
Interest on lease liabilities |
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|
4 |
|
|
|
2 |
|
|
|
6 |
|
|
|
4 |
|
Operating lease cost |
|
|
21,811 |
|
|
|
16,419 |
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|
|
49,617 |
|
|
|
37,498 |
|
Short-term lease cost |
|
|
4,326 |
|
|
|
2,724 |
|
|
|
7,995 |
|
|
|
3,427 |
|
Variable lease cost |
|
|
9,535 |
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|
|
8,571 |
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|
|
21,507 |
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|
|
22,348 |
|
Total lease cost |
|
$ |
35,699 |
|
|
$ |
27,780 |
|
|
$ |
79,169 |
|
|
$ |
63,428 |
|
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| Other Supplemental Quantitative Disclosures |
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For the Twenty-Eight Weeks Ended |
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|
July 12, 2025 |
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|
July 13, 2024 |
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Cash paid for amounts included in the measurement of lease liabilities: |
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|
|
|
|
Operating cash flows from financing leases |
|
$ |
6 |
|
|
$ |
4 |
|
Operating cash flows from operating leases |
|
$ |
53,564 |
|
|
$ |
41,425 |
|
Financing cash flows from financing leases |
|
$ |
44 |
|
|
$ |
169 |
|
Right-of-use assets obtained in exchange for new financing lease liabilities |
|
$ |
129 |
|
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$ |
215 |
|
Right-of-use assets obtained in exchange for new operating lease liabilities |
|
$ |
40,224 |
|
|
$ |
40,393 |
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|
|
|
|
|
Weighted-average remaining lease term (years): |
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|
|
Financing leases |
|
|
3.9 |
|
Operating leases |
|
|
5.9 |
|
Weighted-average IBR (percentage): |
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|
|
Financing leases |
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|
4.8 |
|
Operating leases |
|
|
5.2 |
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| Estimated Undiscounted Future Lease Payments Under Non-Cancelable Operating Leases and Financing Leases with Reconciliation of Undiscounted Cash Flows |
Estimated undiscounted future lease payments under non-cancelable operating leases and financing leases, along with a reconciliation of the undiscounted cash flows to operating and financing lease liabilities, respectively, as of July 12, 2025 (in thousands) were as follows:
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|
Operating lease
liabilities |
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|
Financing lease
liabilities |
|
Remainder of 2025 |
|
$ |
46,189 |
|
|
$ |
28 |
|
2026 |
|
|
80,353 |
|
|
|
92 |
|
2027 |
|
|
71,549 |
|
|
|
71 |
|
2028 |
|
|
52,222 |
|
|
|
58 |
|
2029 |
|
|
34,388 |
|
|
|
52 |
|
2030 and thereafter |
|
|
96,862 |
|
|
|
4 |
|
Total minimum lease payments |
|
|
381,563 |
|
|
|
305 |
|
Less: amount of lease payments representing interest |
|
|
(53,500 |
) |
|
|
(29 |
) |
Present value of future minimum lease payments |
|
|
328,063 |
|
|
|
276 |
|
Less: current obligations under leases |
|
|
(72,978 |
) |
|
|
(121 |
) |
Long-term lease obligations |
|
$ |
255,085 |
|
|
$ |
155 |
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