Company: CHEF
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001517175-25-000002
Chunk: 126

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 126
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 shares and may suspend or discontinue the program at any time.

68

Note 11 – Leases

  The components of net lease cost were as follows:Fiscal Years EndedDecember 27, 2024December 29, 2023December 30, 2022Operating lease cost$40,782 $40,523 $31,346 Finance lease cost:Amortization of right-of-use asset8,065 4,173 3,715 Interest expense on lease liabilities2,233 726 442 Total finance lease cost$10,298 $4,899 $4,157 Short-term lease cost14,052 12,535 5,481 Variable lease cost17,488 13,718 7,715 Sublease income(1,160)(1,970)(1,344)Total lease cost, net$81,460 $69,705 $47,355 The maturities of the Company’s lease liabilities for each of the next five fiscal years and thereafter at December 27, 2024 were as follows:Operating LeasesFinance LeasesRelated Party Real EstateThird Party Real EstateVehicles and EquipmentTotalVehicles and Equipment2025$699 $30,331 $5,068 $36,098 $12,511 2026725 29,284 2,901 32,910 11,038 2027752 26,839 2,030 29,621 9,762 2028580 24,731 1,406 26,717 9,141 2029— 24,542 535 25,077 7,512 Thereafter— 152,276 43 152,319 4,179 Total$2,756 $288,003 $11,983 $302,742 $54,143 Less imputed interest(93,698)(6,470)Present value of lease obligations$209,044 $47,673 Supplemental balance sheet information related to finance leases was as follows:Balance Sheet LocationDecember 27, 2024December 29, 2023Short-term finance lease liabilitiesCurrent portion of long-term debt$10,040 $5,389 Long-term finance lease liabilitiesLong-term debt, net of current portion$37,633 $16,503 

At December 27, 202