Leases The components of lease expense, including variable lease costs primarily consisting of common area maintenance charges and real estate taxes, are included in Occupancy on our Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) as follows (in thousands):
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Twelve Weeks Ended |
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Twenty-Eight Weeks Ended |
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July 14, 2024 |
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July 9, 2023 |
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July 14, 2024 |
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July 9, 2023 |
Operating lease cost |
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$ |
17,412 |
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$ |
16,279 |
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$ |
40,418 |
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$ |
37,174 |
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Finance lease cost: |
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Amortization of right of use assets |
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216 |
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221 |
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504 |
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549 |
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Interest on lease liabilities |
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106 |
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111 |
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243 |
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284 |
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Total finance lease cost |
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$ |
322 |
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$ |
332 |
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$ |
747 |
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$ |
833 |
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Variable lease cost |
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4,538 |
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4,477 |
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10,441 |
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10,269 |
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Total |
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$ |
22,272 |
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$ |
21,088 |
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$ |
51,606 |
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$ |
48,276 |
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Refer to Footnote 5, Other Charges (Gains), net, for information regarding the sale-leaseback transactions completed during the year to date periods ended July 14, 2024 and July 9, 2023, respectively.
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