| Schedule of ROU assets and liabilities |
ROU assets and lease liabilities as of December 25, 2021 and March 27, 2021 consist of the following: | | | | | | | | | | | Balance Sheet Classification | | December 25, 2021
(in thousands) | | March 27, 2021
(in thousands) | Assets | | | | | | | | | Finance lease assets | | Right-of-use assets, net | | $ | 10,510 | | $ | 8,036 | Operating lease assets | | Right-of-use assets, net | | | 216,388 | | | 178,791 | Total lease assets | | | | $ | 226,898 | | $ | 186,827 | | | | | | | | | | Liabilities | | | | | | | | | Current | | | | | | | | | Finance | | Short-term lease liabilities | | $ | 1,250 | | $ | 1,164 | Operating | | Short-term lease liabilities | | | 40,491 | | | 38,236 | Total short-term lease liabilities | | | | $ | 41,741 | | $ | 39,400 | | | | | | | | | | Non-Current | | | | | | | | | Finance | | Long-term lease liabilities | | $ | 15,969 | | $ | 13,507 | Operating | | Long-term lease liabilities | | | 202,946 | | | 168,329 | Total long-term lease liabilities | | | | $ | 218,915 | | $ | 181,836 | Total lease liabilities | | | | $ | 260,656 | | $ | 221,236 |
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| Schedule of total lease cost |
Total lease costs for the thirteen and thirty-nine weeks ended December 25, 2021 and December 26, 2020 were: | | | | | | | | | | | | | | | | | | | | | Thirteen Weeks Ended | | | Thirty-Nine Weeks Ended | | (in thousands) | | Statement of Operations Classification | | December 25, 2021 | | December 26, 2020 | | | December 25, 2021 | | December 26, 2020 | | Finance lease cost | | | | | | | | | | | | | | | | | Amortization of right-of-use assets | | Cost of goods sold | | $ | 256 | | $ | 200 | | | $ | 675 | | $ | 648 | | Interest on lease liabilities | | Interest expense | | | 188 | | | 209 | | | | 587 | | | 589 | | Total finance lease cost | | | | $ | 444 | | $ | 409 | | | $ | 1,262 | | $ | 1,237 | | | | | | | | | | | | | | | | | | | Operating lease cost | | Cost of goods sold | | $ | 12,356 | | $ | 10,931 | | | $ | 35,860 | | $ | 32,587 | | Operating lease cost | | Selling, general and administrative expenses | | | 347 | | | 702 | | | | 1,027 | | | 966 | | Short-term lease cost | | Cost of goods sold | | | 1,468 | | | 633 | * | | | 2,617 | | | 1,302 | ** | Short-term lease cost | | Selling, general and administrative expenses | | | 71 | | | 76 | * | | | 183 | | | 271 | ** | Variable lease cost | | Cost of goods sold | | | 5,751 | | | 3,511 | * | | | 14,486 | | | 10,358 | ** | Variable lease cost | | Selling, general and administrative expenses | | | 109 | | | 114 | * | | | 331 | | | 332 | ** | Sublease income | | Cost of goods sold | | | — | | | (156) | | | | — | | | (468) | | Total lease cost | | | | $ | 20,546 | | $ | 16,220 | | | $ | 55,766 | | $ | 46,585 | |
*Amounts disclosed above for short-term lease cost recorded in selling, general, and administrative expenses and in costs of goods sold, as well as amounts for variable lease cost recorded in selling, general, and administrative expenses and in costs of goods sold, for the thirteen weeks ended December 26, 2020 have been corrected from amounts previously reported of $709, $0, $584, and $0, respectively. **Amounts disclosed above for short-term lease cost recorded in selling, general, and administrative expenses and in costs of goods sold, as well as amounts for variable lease cost recorded in selling, general, and administrative expenses and in costs of goods sold, for the thirty-nine weeks ended December 26, 2020 have been corrected from amounts previously reported of $1,573, $0, $1,441, and $0, respectively.
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| Schedule of future lease payments |
The following table summarizes future lease payments as of December 25, 2021: | | | | | | | | | Operating Leases | | Finance Leases | Fiscal Year | | (in thousands) | | (in thousands) | 2022 | | $ | 8,661 | | $ | 403 | 2023 | | | 51,465 | | | 1,560 | 2024 | | | 49,679 | | | 1,544 | 2025 | | | 43,344 | | | 1,515 | 2026 | | | 36,428 | | | 1,552 | Thereafter | | | 95,934 | | | 16,114 | Total | | | 285,511 | | | 22,688 | Less: Imputed interest | | | (42,074) | | | (5,469) | Present value of net lease payments | | $ | 243,437 | | $ | 17,219 |
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| Schedule of supplemental lease information |
The following table includes supplemental lease information: | | | | | | | | | | | Thirty-Nine Weeks Ended | | | Thirty-Nine Weeks Ended | | Supplemental Cash Flow Information (dollars in thousands) | | December 25, 2021 | | | December 26, 2020 | | Cash paid for amounts included in the measurement of lease liabilities | | | | | | | | | Operating cash flows from operating leases | | $ | 37,753 | | | $ | 33,739 | | Operating cash flows from finance leases | | | — | | | | 2 | | Financing cash flows from finance leases | | | 1,192 | | | | 1,057 | | | | $ | 38,945 | | | $ | 34,798 | | Lease liabilities arising from new right-of-use assets | | | | | | | | | Operating leases | | $ | 66,557 | | | $ | 36,481 | | Finance leases | | $ | 3,148 | | | $ | 2,733 | | | | | | | | | | | Weighted average remaining lease term (in years) | | | | | | | | | Operating leases | | | 6.5 | | | | 6.3 | | Finance leases | | | 13.5 | | | | 14.4 | | | | | | | | | | | Weighted average discount rate | | | | | | | | | Operating leases | | | 4.9 | % | | | 6.0 | % | Finance leases | | | 10.9 | % | | | 12.1 | % |
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