v3.24.3
Leases
 9 Months Ended
Sep. 28, 2024
Leases [Abstract]  
Leases Leases
Our lease costs for the three and nine months ended September 28, 2024 and September 30, 2023 were as follows:
Three Months EndedNine Months Ended
In thousandsSeptember 28, 2024September 30, 2023September 28, 2024September 30, 2023
Operating lease cost
Fixed lease cost (a)
$25,628 $24,258 $76,701 $71,317 
Variable lease cost (b)
9,428 9,255 28,232 27,198 
Sublease income (c)
(379)(330)(1,044)(955)
Finance lease cost
Amortization of finance lease assets564 775 1,805 2,525 
Interest on finance lease liabilities300 401 948 1,290 
Net lease cost$35,541 $34,359 $106,642 $101,375 
(a) Includes short-term leases, which are immaterial.
(b) Includes costs for insurance, real estate taxes and common area maintenance expenses, which are variable as well as lease costs above minimum thresholds for Fred Meyer stores and lease costs for Military stores.
(c) Income primarily from sub-leasing of stores includes rental income from leasing space to independent optometrists.

In thousandsNine Months Ended
Other Information September 28, 2024September 30, 2023
Operating cash outflows - operating leases$84,062 $76,747 
Right of use assets acquired under operating leases$84,559 $85,989 
Leases Leases
Our lease costs for the three and nine months ended September 28, 2024 and September 30, 2023 were as follows:
Three Months EndedNine Months Ended
In thousandsSeptember 28, 2024September 30, 2023September 28, 2024September 30, 2023
Operating lease cost
Fixed lease cost (a)
$25,628 $24,258 $76,701 $71,317 
Variable lease cost (b)
9,428 9,255 28,232 27,198 
Sublease income (c)
(379)(330)(1,044)(955)
Finance lease cost
Amortization of finance lease assets564 775 1,805 2,525 
Interest on finance lease liabilities300 401 948 1,290 
Net lease cost$35,541 $34,359 $106,642 $101,375 
(a) Includes short-term leases, which are immaterial.
(b) Includes costs for insurance, real estate taxes and common area maintenance expenses, which are variable as well as lease costs above minimum thresholds for Fred Meyer stores and lease costs for Military stores.
(c) Income primarily from sub-leasing of stores includes rental income from leasing space to independent optometrists.

In thousandsNine Months Ended
Other Information September 28, 2024September 30, 2023
Operating cash outflows - operating leases$84,062 $76,747 
Right of use assets acquired under operating leases$84,559 $85,989