Xponential Fitness, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

Leases (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of supplemental balance sheet information related to leases

Supplemental balance sheet information related to leases are summarized as follows:


Operating leases	Balance Sheet Location	December 31, 2023		December 31, 2022
ROU assets, net (1)	Right-of-use assets	$	71,413	$	30,079
Lease liabilities, short-term	Other current liabilities	$	9,109	$	3,786
Lease liabilities, long-term	Lease liability	$	70,141	$	30,583

(1)

For December 31, 2023, includes impact of write off of abandoned right-of-use assets and impairment charge related to the restructuring plan. See Note 18 for additional information.

Summary of components of lease expense

Components of lease expense during the years ended December 31, 2023 and 2022, are summarized as follows:


	December 31, 2023		December 31, 2022
	Amount		Related-party lease		Third-party leases		Total
Operating lease costs (1)	$	20,822	$	239	$	4,666	$	4,905
Variable lease costs		1,699		—		856		856
Short-term lease costs		—		—		108		108
Total	$	22,521	$	239	$	5,630	$	5,869

(1)

For the year ended December 31, 2023, includes impact of accelerated expense on abandoned right-of-use assets and impairment charge related to the restructuring plan. See Note 18 for additional information.

Schedule of supplemental cash flow information related to operating leases

Supplemental cash flow information related to operating leases during the years ended December 31, 2023 and 2022, are summarized as follows:


	Years Ended December 31,
	2023		2022
Cash paid for amounts included in the measurement of operating lease liabilities	$	14,525	$	4,717
Lease liabilities arising from new ROU assets	$	70,455	$	20,966

Schedule of other information related to leases

Other information related to leases for the years ended December 31, 2023 and 2022, are summarized as follows:


	Years Ended December 31,
	2023			2022
Weighted average remaining lease term (years)		6.7			7.5
Weighted average discount rate		8.4	%		8.8	%

Schedule of future minimum lease payments

Maturities of lease liabilities as of December 31, 2023 are summarized as follows:


	Amount
2024	$	16,809
2025		16,253
2026		16,444
2027		15,704
2028		13,269
Thereafter		30,228
Total future lease payments		108,707
Less: imputed interest		29,457
Total	$	79,250