Leases (Tables)

6 Months Ended

Jul. 03, 2021

Leases [Abstract]

Schedule of Lease Assets and Lease Liabilities

At July 3, 2021 and January 2, 2021, the Company’s lease assets and lease liabilities were as follows:

	July 3, 2021		January 2, 2021
Assets:
Operating lease assets	$	101,382	$	119,102
Finance lease assets		205		207
Total leased assets	$	101,587	$	119,309
Liabilities:
Current
Operating	$	22,877	$	28,551
Finance		116		88
Noncurrent
Operating	$	87,664	$	101,561
Finance		46		93
Total lease liabilities	$	110,703	$	130,293

Schedule of Components of Lease Expense

For the three and six months ended July 3, 2021 and June 27, 2020, the components of the Company’s lease expense were as follows

	Three Months Ended					Six Months Ended
	July 3,		June 27,			July 3,		June 27,
	2021		2020			2021		2020
Operating lease cost:
Fixed lease cost	$	9,782	$	12,356		$	20,826	$	24,997
Lease termination cost		3,208		143			6,360		143
Variable lease cost		5		(15	)		9		(4	)
Total operating lease cost	$	12,995	$	12,484		$	27,195	$	25,136
Finance lease cost:
Amortization of leased assets		37		41			80		106
Interest on lease liabilities		2		3			5		6
Total finance lease cost	$	39	$	44		$	85	$	112
Total lease cost	$	13,034	$	12,528		$	27,280	$	25,248

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

At July 3, 2021 and January 2, 2021, the Company’s weighted average remaining lease term and weighted average discount rates were as follows:

	July 3, 2021		January 2, 2021
Weighted Average Remaining Lease Term (years)
Operating leases		7.30		7.08
Finance leases		1.75		2.35
Weighted Average Discount Rate
Operating leases		7.06		6.95
Finance leases		5.02		5.51

Schedule of Maturity of Lease Liabilities

At July 3, 2021, 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
Remainder of fiscal 2021	$	14,408	$	53	$	14,461
2022		27,741		85		27,826
2023		20,509		27		20,536
2024		15,977		5		15,982
2025		11,589		—		11,589
Thereafter		54,603		—		54,603
Total lease payments	$	144,827	$	170	$	144,997
Less imputed interest		34,286		8		34,294
Present value of lease liabilities	$	110,541	$	162	$	110,703

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases for the six months ended July 3, 2021 and June 27, 2020 were as follows:

	Six Months Ended
	July 3,			June 27,
	2021			2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	22,078		$	24,997
Operating cash flows from finance leases	$	5		$	6
Financing cash flows from finance leases	$	80		$	106
Leased assets (modified) obtained in exchange for (modified) new operating lease liabilities	$	(1,012	)	$	8,881
Leased assets obtained in exchange for new finance lease liabilities	$	81		$	118