National Vision Holdings Inc

For the period ended Sep 28, 2024. Filed Nov 6, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 28, 2024 · Filed Nov 6, 2024

EYE$18.97+6.0%Stored close · as of Nov 9, 2026

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Contents

10. Leases

Leases

Our lease costs for the three and nine months ended September 28, 2024 and September 30, 2023 were as follows:

	Three Months Ended		Nine Months Ended
In thousands	September 28, 2024	September 30, 2023	September 28, 2024	September 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 assets	564	775	1,805	2,525
Interest on finance lease liabilities	300	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 thousands	Nine Months Ended
Other Information	September 28, 2024	September 30, 2023
Operating cash outflows - operating leases	$84,062	$76,747
Right of use assets acquired under operating leases	$84,559	$85,989

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