Leases (Tables)

3 Months Ended

Mar. 27, 2022

Leases [Abstract]

Lease cost

The components of lease expense were as follows (in millions):

	Three Months Ended
	March 27, 2022		March 28, 2021
Amortization of right of use assets - finance leases	$	0.7	$	0.5
Interest on lease liabilities - finance leases	0.7		0.6
Operating lease cost	3.3		2.9
Short-term lease cost	0.2		0.2
Variable lease cost (cost excluded from lease payments)	—		—
Sublease income	—		—
Total lease cost	$	4.9	$	4.2

Cash paid for amounts included in the measurement of lease liabilities was as follows (in millions):

	Three Months Ended
	March 27, 2022		March 28, 2021
Finance lease - cash paid for interest	$	0.7	$	0.6
Finance lease - financing cash flows	$	0.3	$	0.2
Operating lease - operating cash flows (fixed payments)	$	3.4	$	2.8

Other supplemental noncash information (in millions):

	Three Months Ended
	March 27, 2022			March 28, 2021
Operating lease liabilities arising from obtaining right-of-use assets	$	3.7		$	0.2
Finance lease liabilities arising from obtaining right-of-use assets	$	—		$	—
	March 27, 2022			March 28, 2021
Weighted-average remaining lease term (in years):
Operating leases	4.50			5.28
Finance leases	15.91			17.44
Weighted-average discount rate:
Operating leases	6.48		%	6.50		%
Finance leases	6.51		%	6.52		%

Balance sheet information

The components of leases on the balance sheet were as follows (in millions):

	March 27, 2022		December 26, 2021
Operating Leases:
Operating lease right-of-use assets	$	39.6	$	38.5
Current portion of operating lease liabilities	$	10.5	$	10.1
Operating lease liabilities, net of current portion	$	33.3	$	32.7
Finance leases:
Property, plant and equipment, net	$	38.3	$	39.0
Other current liabilities	$	1.2	$	1.2
Other long-term liabilities	$	42.9	$	43.2

Maturities of operating lease liabilities

The maturity of lease liabilities is (in millions):

	Operating Leases		Finance Leases
2022 (1)	$	9.8	$	3.0
2023	12.4		4.1
2024	9.8		4.2
2025	8.3		4.2
2026	4.9		4.3
Thereafter	5.3		52.8
Total lease payments	50.5		72.6
Less: imputed interest	(6.7)		(28.5)
Total present value of lease liabilities	$	43.8	$	44.1
(1) Excludes the three months ended March 27, 2022.

Maturities of financing lease liabilities

The maturity of lease liabilities is (in millions):

	Operating Leases		Finance Leases
2022 (1)	$	9.8	$	3.0
2023	12.4		4.1
2024	9.8		4.2
2025	8.3		4.2
2026	4.9		4.3
Thereafter	5.3		52.8
Total lease payments	50.5		72.6
Less: imputed interest	(6.7)		(28.5)
Total present value of lease liabilities	$	43.8	$	44.1
(1) Excludes the three months ended March 27, 2022.