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Leases (Tables)
12 Months Ended
Dec. 28, 2019
Leases [Abstract]  
Schedule of Lease Assets and Lease Liabilities

At December 28, 2019, the Company’s lease assets and lease liabilities were as follows:

 

 

 

December 28, 2019

 

Assets:

 

 

 

 

Operating lease assets

 

$

151,983

 

Finance lease assets

 

 

259

 

Total leased assets

 

$

152,242

 

 

 

 

 

 

Liabilities:

 

 

 

 

Current

 

 

 

 

Operating

 

$

33,236

 

Finance

 

 

126

 

Noncurrent

 

 

 

 

Operating

 

$

128,464

 

Finance

 

 

96

 

Total lease liabilities

 

$

161,922

 

Schedule of Components of Lease Expense

 

For the fiscal year ended December 28, 2019, the components of the Company’s lease expense were as follows:

 

 

 

Year Ended

 

 

 

December 28,

 

 

 

2019

 

Operating lease cost:

 

 

 

 

Fixed lease cost

 

$

51,256

 

Variable lease cost

 

 

0

 

Total operating lease cost

 

$

51,256

 

Finance lease cost:

 

 

 

 

Amortization of leased assets

 

 

487

 

Interest on lease liabilities

 

 

20

 

Total finance lease cost

 

$

507

 

Total lease cost

 

$

51,763

 

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rates

At December 28, 2019, the Company’s weighted average remaining lease term and weighted average discount rates were as follows:

 

 

 

December 28, 2019

 

Weighted Average Remaining Lease Term (years)

 

 

 

 

Operating leases

 

 

7.06

 

Finance leases

 

 

2.43

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

Operating leases

 

 

7.02

 

Finance leases

 

 

5.97

 

Schedule of Maturity of Lease Liabilities

At December 28, 2019, the maturity of the Company’s lease liabilities in each of the next five fiscal years and thereafter were as follows:

 

 

Operating

Leases

 

 

Finance

Leases

 

 

Total

 

2020

$

43,595

 

 

$

135

 

 

$

43,730

 

2021

 

38,824

 

 

 

52

 

 

 

38,876

 

2022

 

27,869

 

 

 

22

 

 

 

27,891

 

2023

 

19,803

 

 

 

24

 

 

 

19,827

 

2024

 

14,673

 

 

 

5

 

 

 

14,678

 

Thereafter

 

65,954

 

 

 

 

 

 

65,954

 

Total lease payments

$

210,718

 

 

$

238

 

 

$

210,956

 

Less imputed interest

 

49,018

 

 

 

16

 

 

 

49,034

 

Present value of lease liabilities

$

161,700

 

 

$

222

 

 

$

161,922

 

Minimum Commitments Under Non-Cancelable Obligations

Minimum commitments under non-cancelable obligations, primarily for office and rental facilities operating leases, at December 29, 2018, consisted of the following:

 

2019

 

$

63,261

 

2020

 

 

38,491

 

2021

 

 

22,341

 

2022

 

 

14,017

 

2023

 

 

9,192

 

2024 and thereafter

 

 

37,704

 

Total

 

$

185,006

 

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases for the year ended December 28, 2019 were as follows:

 

 

 

Year Ended

 

 

 

December 28,

 

 

 

2019

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

Operating cash flows from operating leases

 

$

51,326

 

Operating cash flows from finance leases

 

$

20

 

Financing cash flows from finance leases

 

$

487

 

 

 

 

 

 

Leased assets obtained in exchange for new operating lease liabilities

 

$

41,693

 

Leased assets obtained in exchange for new finance lease liabilities

 

$

105