XML 38 R27.htm IDEA: XBRL DOCUMENT v3.22.2
Leases (Tables)
6 Months Ended
Jun. 26, 2022
Leases [Abstract]  
Schedule of lease cost The components of lease expense were as follows (in millions):
Three Months EndedSix Months Ended
June 26, 2022June 27, 2021June 26, 2022June 27, 2021
Amortization of right of use assets - finance leases$0.6 $0.6 $1.3 $1.1 
Interest on lease liabilities - finance leases0.7 0.7 1.4 1.3 
Operating lease cost 3.3 2.8 6.6 5.7 
Short-term lease cost0.2 0.2 0.4 0.4 
Variable lease cost (cost excluded from lease payments)0.1 0.1 0.1 0.1 
Sublease income— (0.1)— (0.1)
Total lease cost
$4.9 $4.3 $9.8 $8.5 
Cash paid for amounts included in the measurement of lease liabilities was as follows (in millions):
Three Months EndedSix Months Ended
June 26, 2022June 27, 2021June 26, 2022June 27, 2021
Finance lease - cash paid for interest$0.7 $0.7 $1.4 $1.3 
Finance lease - financing cash flows$0.3 $0.2 $0.6 $0.4 
Operating lease - operating cash flows (fixed payments)$3.4 $3.0 $6.8 $5.8 
Other supplemental noncash information (in millions):
Three Months EndedSix Months Ended
June 26, 2022June 27, 2021June 26, 2022June 27, 2021
Operating lease liabilities arising from obtaining right-of-use assets$1.3 $1.7 $5.0 $1.9 
Finance lease liabilities arising from obtaining right-of-use assets$9.1 $— $9.1 $— 
June 26, 2022June 27, 2021
Weighted-average remaining lease term (in years):
Operating leases
4.325.09
Finance leases
15.5617.22
Weighted-average discount rate:
Operating leases
6.44 %6.50 %
Finance leases
6.03 %6.51 %
Schedule of balance sheet information
The components of leases on the balance sheet were as follows (in millions):
June 26, 2022December 26, 2021
Operating leases:
Operating lease right-of-use assets
$38.1 $38.5 
Current portion of operating lease liabilities
$10.6 $10.1 
Operating lease liabilities, net of current portion
$31.5 $32.7 
Finance leases:
Property, plant and equipment, net
$46.8 $39.0 
Other current liabilities
$1.7 $1.2 
Other long-term liabilities
$51.3 $43.2 
Schedule of maturities of operating lease liabilities
The maturity of lease liabilities is (in millions):
Operating LeasesFinance Leases
2022 (1)
$6.5 $2.7 
202312.8 4.8 
202410.1 4.9 
20258.5 4.9 
20265.0 5.0 
Thereafter5.4 60.8 
Total lease payments48.3 83.1 
Less: imputed interest(6.2)(30.1)
Total present value of lease liabilities$42.1 $53.0 
(1) Excludes the six months ended June 26, 2022.
Schedule of maturities of financing lease liabilities
The maturity of lease liabilities is (in millions):
Operating LeasesFinance Leases
2022 (1)
$6.5 $2.7 
202312.8 4.8 
202410.1 4.9 
20258.5 4.9 
20265.0 5.0 
Thereafter5.4 60.8 
Total lease payments48.3 83.1 
Less: imputed interest(6.2)(30.1)
Total present value of lease liabilities$42.1 $53.0 
(1) Excludes the six months ended June 26, 2022.