| Leases, ASC 842 Disclosure |
Leases The Company generally leases office space and distribution centers in the United States through operating lease agreements. As of the fifty-two weeks ended August 29, 2026, the Company has no finance lease agreements. Our leases have remaining lease terms up to 6 years and most include an option to renew for additional terms. The Company’s lease costs recognized in the Consolidated Statements of Income and Comprehensive Income (Loss) consist of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 52-Weeks Ended | | 52-Weeks Ended | | 53-Weeks Ended | | (In thousands) | | Statement of Operations Caption | | August 29, 2026 | | August 30, 2025 | | August 31, 2024 | | Operating lease cost: | | | | | | | | | | Lease cost | | Cost of goods sold and General and administrative | | $ | 9,258 | | | $ | 9,381 | | | $ | 9,011 | | Variable lease cost (1) | | Cost of goods sold and General and administrative | | 4,095 | | | 3,805 | | | 3,825 | | | Total operating lease cost | | | | $ | 13,353 | | | $ | 13,186 | | | $ | 12,836 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Finance lease cost: | | | | | | | | | | Amortization of right-of-use assets | | Cost of goods sold | | $ | — | | | $ | — | | | $ | 125 | | | Interest on lease liabilities | | Interest expense | | — | | | — | | | 2 | | | Total finance lease cost | | | | $ | — | | | $ | — | | | $ | 127 | | | | | | | | | | | | Total lease cost | | | | $ | 13,353 | | | $ | 13,186 | | | $ | 12,963 | | (1)Variable lease cost primarily consists of common area maintenance, such as cleaning and repairs. The right-of-use assets and corresponding liabilities related to operating leases are as follows:
| | | | | | | | | | | | | | | | | | | | | | (In thousands) | | Balance Sheets Caption | | August 29, 2026 | | August 30, 2025 | | Assets | | | | | | | | Operating lease right-of-use assets | | Other long-term assets | | $ | 38,934 | | | $ | 44,118 | | | | | | | | | | Total lease assets | | | | $ | 38,934 | | | $ | 44,118 | | | | | | | | | | Liabilities | | | | | | | | Current: | | | | | | | | Operating lease liabilities | | Accrued expenses and other current liabilities | | $ | 8,367 | | | $ | 5,867 | | | | | | | | | | Long-term: | | | | | | | | Operating lease liabilities | | Other long-term liabilities | | 41,978 | | | 49,494 | | | | | | | | | | Total lease liabilities | | | | $ | 50,345 | | | $ | 55,361 | |
Future maturities of lease liabilities as of August 29, 2026, were as follows:
| | | | | | | | | | | | (In thousands) | | Operating Leases | | | | Fiscal year ending: | | | | | | 2027 | | $ | 11,175 | | | | | 2028 | | 10,636 | | | | | 2029 | | 10,685 | | | | | 2030 | | 10,756 | | | | | 2031 | | 10,724 | | | | | Thereafter | | 5,423 | | | | | Total lease payments | | 59,399 | | | | | Less: Interest | | (9,054) | | | | | Present value of lease liabilities | | $ | 50,345 | | | |
The weighted-average remaining lease terms and weighted-average discount rates for operating leases were as follows:
| | | | | | | | | | | | | | | | | August 29, 2026 | | August 30, 2025 | | Weighted-average remaining lease term (in years) | | | | | | Operating leases | | 5.33 | | 6.31 | | | | | | | Weighted-average discount rate | | | | | | Operating leases | | 6.0 | % | | 6.0 | % | | | | | |
Supplemental and other information related to leases was as follows:
| | | | | | | | | | | | | | | | | | | | | | | 52-Weeks Ended | | 52-Weeks Ended | | 53-Weeks Ended | | (In thousands) | | August 29, 2026 | | August 30, 2025 | | August 31, 2024 | | Cash paid for amounts included in the measurement of lease liabilities | | | | | | | | Operating cash flows from operating leases | | $ | 11,293 | | | $ | 10,153 | | | $ | 12,042 | | | Operating cash flows from finance leases | | $ | — | | | $ | — | | | $ | 955 | | | Financing cash flows from finance leases | | $ | — | | | $ | — | | | $ | 145 | |
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