| Schedule of Components of Lease Cost |
The components of lease cost, classified within cost of goods sold, selling, general and administrative and interest expense for the 13-week and 39-week periods ended September 28, 2025 and September 29, 2024 are below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13-Weeks Ended |
|
|
39-Weeks Ended |
|
|
|
September 28,
2025 |
|
|
September 29,
2024 |
|
|
September 28,
2025 |
|
|
September 29,
2024 |
|
Operating lease cost |
|
$ |
2,541 |
|
|
$ |
1,271 |
|
|
$ |
6,431 |
|
|
$ |
3,255 |
|
Finance lease cost – amortization of ROU assets |
|
|
1,193 |
|
|
|
999 |
|
|
|
3,300 |
|
|
|
2,851 |
|
Finance lease cost – interest on lease liabilities |
|
|
191 |
|
|
|
238 |
|
|
|
601 |
|
|
|
723 |
|
Short-term lease cost |
|
|
484 |
|
|
|
39 |
|
|
|
941 |
|
|
|
107 |
|
Variable lease cost |
|
|
5,322 |
|
|
|
2,971 |
|
|
|
13,342 |
|
|
|
8,073 |
|
Variable lease cost – long-term supply contracts |
|
|
65,376 |
|
|
|
54,496 |
|
|
|
181,620 |
|
|
|
164,928 |
|
Total lease cost |
|
$ |
75,107 |
|
|
$ |
60,014 |
|
|
$ |
206,235 |
|
|
$ |
179,937 |
|
|
| Summary of Operating and Finance Leases Future Undiscounted Cash Flows |
Future undiscounted cash flows are as follows:
|
|
|
|
|
|
|
|
|
|
|
As of September 28, 2025 |
|
|
|
Operating Leases |
|
|
Finance Leases |
|
2025 |
|
$ |
5,876 |
|
|
$ |
1,425 |
|
2026 |
|
|
4,011 |
|
|
|
5,743 |
|
2027 |
|
|
4,700 |
|
|
|
4,847 |
|
2028 |
|
|
4,700 |
|
|
|
— |
|
2029 |
|
|
4,700 |
|
|
|
— |
|
Thereafter |
|
|
32,900 |
|
|
|
— |
|
Total lease payments |
|
|
56,887 |
|
|
|
12,015 |
|
Less imputed interest |
|
|
(11,832 |
) |
|
|
(789 |
) |
Total present value of lease liabilities |
|
$ |
45,055 |
|
|
$ |
11,226 |
|
|