We lease certain retail stores, office space and land as well as service contracts that are considered leases.

Our leases have remaining lease terms, including renewals reasonably certain to be exercised, of less than one year to approximately 32 years. Most of our leases include one or more options to extend the lease, for periods ranging from three years to 30 years or more.

Historical failed sale leasebacks that were assumed through acquisitions and do not qualify for sale leaseback accounting continue to be accounted for as financing obligations. As of March 28, 2026 and March 29, 2025, net assets of $1.0 million and $2.2 million, respectively, and liabilities of $2.4 million and $4.3 million, respectively, due to failed sale leaseback arrangements were included with finance lease assets and liabilities, respectively, on the Consolidated Balance Sheets.


Lease Cost
(thousands)		2026		2025		2024
Operating lease cost	$	43,547	$	45,518	$	44,454
Finance lease/financing obligations cost:
Amortization of leased assets		27,702		30,075		30,286
Interest on lease liabilities		10,665		12,083		13,513
Short term and variable lease cost		618		1,200		1,749
Sublease income		(128)		(136)		(166)
Total lease cost	$	82,404	$	88,740	$	89,836



Maturity of Lease Liabilities				Finance Leases and
(thousands)		Operating Leases ^(a)		Financing Obligations ^(b)
2027	$	47,571	$	46,289
2028		42,206		45,269
2029		34,284		36,039
2030		26,990		32,172
2031		21,287		26,556
Thereafter		57,569		92,251
Total undiscounted lease obligations	$	229,907	$	278,576
Less: imputed interest		(33,952)		(48,629)
Present value of lease obligations	$	195,955	$	229,947

(a)Operating lease obligations include approximately $28.7 million related to options to extend operating leases that are reasonably certain of being exercised.

(b)Finance lease payments include approximately $44.7 million related to options to extend finance leases that are reasonably certain of being exercised.



Lease Term and Discount Rate	2026		2025		2024
Weighted average remaining lease term (years)
Operating leases	6.9		7.1		7.3
Finance leases and financing obligations	7.7		7.9		8.5
Weighted average discount rate
Operating leases	4.50	%	4.14	%	3.77	%
Finance leases and financing obligations	5.23	%	5.17	%	5.41	%



Other Information
(thousands)		2026		2025		2024
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases	$	48,226	$	47,954	$	46,355
Operating cash flows from finance leases and financing obligations		10,729		12,177		13,712
Financing cash flows from finance leases and financing obligations		38,689		39,758		39,031