v3.25.4
Lease Commitments
12 Months Ended
Dec. 27, 2025
Lease Commitments  
Lease Commitments

Note 5    Lease Commitments

The following is a schedule of the lease costs included in “Operating, general and administrative expenses” for the fiscal years ended December 27, 2025, December 28, 2024, and December 30, 2023.

52 Weeks Ended

52 Weeks Ended

52 Weeks Ended

(amounts in thousands)

December 27, 2025

December 28, 2024

December 30, 2023

Operating lease cost

$

46,548

$

46,179

$

47,187

Variable lease cost

11,680

11,079

11,335

Lease or sublease income

(11,311)

(10,572)

(10,210)

Net lease cost

$

46,917

$

46,686

$

48,312

The following is a schedule by year of the future minimum rental payments required under operating leases and total minimum sublease and lease rental income to be received as of December 27, 2025.

(amounts in thousands)

  ​ ​ ​

Leases

  ​ ​ ​

Subleases

2026

$

47,882

$

(5,792)

2027

42,921

(5,012)

2028

35,174

(3,653)

2029

26,296

(2,725)

2030

16,459

(2,085)

Thereafter

34,273

(1,973)

Total lease payments

$

203,005

$

(21,240)

Less: interest

30,911

-

Present value of lease liabilities

172,094

(21,240)

The following is a schedule of weighted-average remaining lease terms and weighted-average discount rates as of December 27, 2025, December 28, 2024, and December 30, 2023.

Lease Term and Discount Rate

  ​ ​ ​

December 27, 2025

  ​ ​ ​

December 28, 2024

  ​ ​ ​

December 30, 2023

Weighted-average remaining lease term

3.68

3.56

3.63

Weighted-average discount rate

4.14%

4.08%

3.43%

The following is a schedule of supplemental cash flow information related to leases as of December 27, 2025, December 28, 2024, and December 30, 2023.

(amounts in thousands)

  ​ ​ ​

December 27, 2025

  ​ ​ ​

December 28, 2024

  ​ ​ ​

December 30, 2023

Cash paid for amounts included in the measurement of operating lease liabilities

47,726

47,203

48,476

Right of use assets obtained in exchange for operating lease liabilities

45,241

40,163

39,928