v3.26.3
Leases (Tables)
9 Months Ended
Sep. 26, 2026
Leases [Abstract]  
Lease, Cost
The components of lease cost for finance leases and operating leases for the thirty-nine weeks ended September 26, 2026 were (in thousands):
 
Finance leases:
  
Amortization of right-of-use assets
   $ 12,566  
Interest on lease liability
     2,777  
  
 
 
 
Total finance lease cost
     15,343  
Operating leases:
  
Lease cost
     4,962  
Variable lease cost
     —   
Sublease income
     (4,864 ) 
  
 
 
 
Total net operating lease cost
     98  
  
 
 
 
Total net lease cost
   $ 15,441  
  
 
 
 
Schedule of Supplemental Balance Sheet Information Related To Leases
A summary of the lease classification on the Company’s consolidated balance sheet as of September 26, 2026 is as follows (in thousands):
Assets:
 
Operating lease right-of-use assets
   Other assets    $ 414  
Finance lease assets
   Operating property, less accumulated depreciation and amortization      114,427  
     
 
 
 
Total lease assets
      $ 114,841  
     
 
 
 
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 September 26, 2026 (in thousands):
 
     Finance
Leases
     Operating
Leases
 
2026 Remainder
   $ 8,310      $ 75  
2027
     27,576        264  
2028
     23,672        94  
2029
     19,300        —   
2030
     8,386        —   
Thereafter
     4,573        —   
  
 
 
    
 
 
 
Total future minimum lease payments
     91,817        433  
Less amount representing interest (1.9% to 6.4%)
     9,146        19  
  
 
 
    
 
 
 
Present value of minimum lease payments
   $ 82,671      $ 414  
  
 
 
    
 
 
 
 
Current maturities of long-term debt
     25,772     
Long-term debt, excluding current maturities
     56,899     
Other current liabilities
        277  
Deferred income taxes and other noncurrent liabilities
        137  
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 September 26, 2026 were:
 
     Finance Leases     Operating Leases  
Weighted average remaining lease term (years)
     3.6       1.6  
Weighted average discount rate
     5.7 %      5.5 %