v3.26.1
Leases (Tables)
6 Months Ended
Jun. 27, 2026
Leases [Abstract]  
Lease, Cost
The components of lease cost for finance leases and operating leases for the
twenty-six
weeks ended June 27, 2026 were (in thousands):
 
Finance leases:
  
Amortization of
right-of-use
assets
   $ 8,325  
Interest on lease liability
     1,896  
  
 
 
 
Total finance lease cost
     10,221  
Operating leases:
  
Lease cost
     3,191  
Variable lease cost
     —   
Sublease income
     (3,124
  
 
 
 
Total net operating lease cost
     67  
  
 
 
 
Total net lease cost
   $ 10,288  
  
 
 
 
Schedule of Supplemental Balance Sheet Information Related To Leases
A summary of the lease classification on the Company’s consolidated balance sheet as of June 27, 2026 is as follows (in thousands):
Assets:
 
Operating lease
right-of-use
assets
  
Other assets
   $ 482  
Finance lease assets
  
Operating property, less accumulated depreciation and amortization
     105,257  
     
 
 
 
Total lease assets
      $ 105,739  
     
 
 
 
Finance And Operating Lease Maturity
The following table reconciles the undiscounted cash flows for the finance and operating leases to the finance and operating lease liabilities recorded on the balance sheet at June 27, 2026 (in thousands):
 
    
Finance

Leases
    
Operating

Leases
 
2026 Remainder
   $ 15,803      $ 150  
2027
     22,718        263  
2028
     18,814        94  
2029
     14,345        —   
2030
     2,949        —   
Thereafter
     496        —   
  
 
 
    
 
 
 
Total future minimum lease payments
     75,125        507  
Less amount representing interest (1.6% to 6.4%)
     8,351        25  
  
 
 
    
 
 
 
Present value of minimum lease payments
   $ 66,774      $ 482  
  
 
 
    
 
 
 
Current maturities of long-term debt
     24,686     
Long-term debt, excluding current maturities
     42,088     
Other current liabilities
        286  
Deferred income taxes and other noncurrent liabilities
        196  
Schedule Discount Rate And Lease Term Used In Calculating Lease Liabilities And Assets
The weighted average remaining lease term and the weighted average discount rate for finance and operating leases as of June 27, 2026 were:
 
     Finance Leases     Operating Leases  
Weighted average remaining lease term (years)
     3.2       1.8  
Weighted average discount rate
     5.5     5.5