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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Forty Weeks Ended |
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October 6, 2024 |
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October 1, 2023 |
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October 6, 2024 |
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October 1, 2023 |
Operating lease cost |
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$ |
17,339 |
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$ |
16,691 |
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$ |
57,757 |
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$ |
53,865 |
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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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216 |
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720 |
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764 |
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Interest on lease liabilities |
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96 |
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116 |
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339 |
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|
400 |
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Total finance lease cost |
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$ |
312 |
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$ |
332 |
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$ |
1,059 |
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$ |
1,164 |
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Variable lease cost |
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4,445 |
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4,994 |
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14,886 |
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15,263 |
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Total |
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$ |
22,096 |
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$ |
22,017 |
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$ |
73,702 |
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$ |
70,292 |
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See Note 5, Other Charges (Gains), net, for information regarding the sale-leaseback transactions completed during the quarter and year to date periods ended October 6, 2024 and October 1, 2023, respectively.
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