Commitments and Contingencies
|12 Months Ended|
Dec. 31, 2018
|Commitments and Contingencies Disclosure [Abstract]|
|Commitments and Contingencies||
Note 13 - Commitments and Contingencies
The Company leases office space, restaurant space and certain equipment under operating leases having terms that expire at various dates through 2036. The restaurant leases have renewal clauses of 1 to 5 years at the Company’s option. Some of the Company’s leases also have provisions for contingent rent based upon a percentage of gross sales, as defined in the leases. Rent expense for the years ended December 31, 2018 and 2017 was $8.2 million and $9.5 million, which was inclusive of contingent rent of $1.5 million and $1.2 million, respectively.
As of December 31, 2018, future minimum lease payments for each year ending were as follows (in thousands):
The Company subleases a portion of its office space to a related party on leases where it does not need the entire space for its operations (refer to Note 9). As of December 31, 2018, minimum sublease rentals to be received in the future under non-cancelable subleases were $1.6 million. The Company’s sublease income, which was recorded as an offset to rent expense, was $0.8 million and $0.7 million for the years ended December 31, 2018 and 2017.
The entire disclosure for commitments and contingencies.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef