NASDAQ_TXRH_2019

Texas Roadhouse, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

(Tabular amounts in thousands, except share and per share data)

F-19

(8) Leases

We recognize right-of-use assets and lease liabilities for both real estate and equipment leases that have a term in
excess of one year. As of December 31, 2019, these amounts were as follows:

Leases
Real estate Equipment Total
Operating lease right-of-use assets ............................. $ 495,903 $ 3,898 $ 499,801

Current portion of operating lease liabilities................. .... 15,966 1,297 17,263
Operating lease liabilities, net of current portion......... ........ 536,109 2,601 538,710
Total operating lease liabilities ............................. $ 552,075 $ 3,898 $ 555,973

Information related to our real estate leases as of and for the fiscal year ended December 31, 2019 was as follows
(in thousands):

Fiscal Year Ended
Real estate costs December 31, 2019
Operating lease ............................................................. $ 54,844
Variable lease .............................................................. 1,590
Short-term lease ............................................................. 120
Total lease costs ............................................................. $ 56,554

Real estate lease liability maturity analysis Total
2020 ...................................................................... $ 52,450
2021 ...................................................................... 53,393
2022 ...................................................................... 54,229
2023 ...................................................................... 54,268
2024 ...................................................................... 54,362
Thereafter .................................................................. 721,619
Total ...................................................................... $ 990,321
Less interest ................................................................ 438,246
Total discounted operating lease liabilities.................. ..................... $ 552,075

Fiscal Year Ended
Real estate leases other information December 31, 2019
Cash paid for amounts included in measurement of operating lease liabilities .......... $ 49,018
Right-of-use assets obtained in exchange for new operating lease liabilities.. .......... $ 51,220
Weighted-average remaining lease term (years) ................................... 17.82
Weighted-average discount rate ............................................... 6.77

Operating lease payments exclude $32.6 million of minimum lease payments for executed real estate leases that we
have not yet taken possession. In addition to the above operating leases, as of December 31, 2019 we had one finance
lease with a right-of-use asset balance and lease liability balance of $1.7 million and $2.1 million, respectively. The