| Schedule of Supplemental Balance Sheet Information Related to Leases |
The Company included the following amounts related to operating and finance lease assets and liabilities within the Condensed Consolidated Balance Sheets: | | | | | | | | | | | | | | | | | As of | | | | June 30, 2024 | | December 31, 2023 | | Assets | Classification | | | | | Operating lease | Operating lease right of use asset, net | $ | 456,124 | | | $ | 456,964 | | | Finance lease | Property and equipment, net | 40,599 | | | 41,411 | | | Total leased assets | $ | 496,723 | | | $ | 498,375 | | | Liabilities | | | | | | Current | | | | | | Operating lease | Current operating lease liabilities | $ | 54,937 | | | $ | 50,365 | | | Finance lease | Current portion of long-term debt | 7,827 | | | 8,631 | | | Noncurrent | | | | | | Operating lease | Noncurrent operating lease liabilities | 453,338 | | | 454,583 | | | Finance lease | Long-term debt, less current portion | 38,825 | | | 38,486 | | | Total leased liabilities | $ | 554,927 | | | $ | 552,065 | |
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| Schedule of Lease Costs and Supplemental Cash Flow Information Related to Leases |
Lease costs were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended | | Two Quarters Ended | | | | June 30, 2024 | | July 2, 2023 | | June 30, 2024 | | July 2, 2023 | | Lease cost | Classification | | | | | | | | | Operating lease cost | Selling, general and administrative expense | $ | 879 | | | $ | 986 | | | $ | 1,814 | | | $ | 1,877 | | | Operating lease cost | Operating expenses | 24,365 | | | 22,185 | | | 48,388 | | | 44,575 | | | Short-term lease cost | Operating expenses | 1,265 | | | 1,264 | | | 2,350 | | | 2,545 | | | Variable lease costs | Operating expenses | 7,398 | | | 6,886 | | | 14,831 | | | 16,231 | | | Sublease income | Royalties and other revenues | (35) | | | (35) | | | (70) | | | (70) | | | Finance lease cost: | | | | | | | | | | Amortization of right of use assets | Depreciation and amortization expense | $ | 2,867 | | | $ | 1,781 | | | $ | 5,788 | | | $ | 3,365 | | | Interest on lease liabilities | Interest expense, net | 865 | | | 491 | | | 1,742 | | | 1,064 | |
Supplemental disclosures of cash flow information related to leases were as follows: | | | | | | | | | | | | | Two Quarters Ended | | June 30, 2024 | | July 2, 2023 | Other information | | | | Cash paid for leases: | | | | Operating cash flows for operating leases (1) | $ | 58,406 | | | $ | 57,968 | | Operating cash flows for finance leases | 1,728 | | | 1,121 | | Financing cash flows for finance leases | 5,297 | | | 3,632 | | Right of use assets obtained in exchange for new lease liabilities: | | | | Operating leases | $ | 26,909 | | | $ | 43,895 | | Finance leases | 4,594 | | | 5,931 | |
(1)Operating cash flows from operating leases include variable rent payments which are not included in the measurement of lease liabilities. Variable rent payments were $14.8 million and $16.2 million for the two quarters ended June 30, 2024 and July 2, 2023, respectively.
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