XML 38 R28.htm IDEA: XBRL DOCUMENT v3.22.2.2
Leases (Tables)
 9 Months Ended
Sep. 25, 2022
Leases [Abstract]  
Schedule of Lease Cost The components of lease expense were as follows (in millions):
Three Months EndedNine Months Ended
September 25, 2022September 26, 2021September 25, 2022September 26, 2021
Amortization of right of use assets - finance leases$0.8 $0.6 $2.1 $1.7 
Interest on lease liabilities - finance leases0.8 0.7 2.2 2.0 
Operating lease cost 3.1 2.6 9.7 8.3 
Short-term lease cost0.2 0.2 0.6 0.6 
Variable lease cost (cost excluded from lease payments)— — 0.1 0.1 
Sublease income— — — (0.1)
Total lease cost
$4.9 $4.1 $14.7 $12.6 
Cash paid for amounts included in the measurement of lease liabilities was as follows (in millions):
Three Months EndedNine Months Ended
September 25, 2022September 26, 2021September 25, 2022September 26, 2021
Finance lease - cash paid for interest$0.8 $0.7 $2.2 $2.0 
Finance lease - financing cash flows$0.4 $0.3 $1.0 $0.7 
Operating lease - operating cash flows (fixed payments)$3.2 $2.9 $10.0 $8.7 
Other supplemental noncash information (in millions):
Three Months EndedNine Months Ended
September 25, 2022September 26, 2021September 25, 2022September 26, 2021
Operating lease liabilities arising from obtaining right-of-use assets$6.9 $2.2 $11.9 $4.1 
Finance lease liabilities arising from obtaining right-of-use assets$— $5.8 $9.1 $5.8 
September 25, 2022September 26, 2021
Weighted-average remaining lease term (in years):
Operating leases
4.914.88
Finance leases
15.4416.38
Weighted-average discount rate:
Operating leases
5.51 %6.50 %
Finance leases
6.02 %6.51 %
Schedule of Balance Sheet Information
The components of leases on the balance sheet were as follows (in millions):
September 25, 2022December 26, 2021
Operating leases:
Operating lease right-of-use assets
$41.7 $38.5 
Current portion of operating lease liabilities
$10.7 $10.1 
Operating lease liabilities, net of current portion
$35.3 $32.7 
Finance leases:
Property, plant and equipment, net
$54.9 $39.0 
Other current liabilities
$1.6 $1.2 
Other long-term liabilities
$50.4 $43.2 
Schedule of Maturities of Operating Lease Liabilities
The maturity of lease liabilities is (in millions):
Operating LeasesFinance Leases
2022 (1)
$3.3 $1.1 
202312.7 4.6 
202410.1 4.7 
20258.5 4.8 
20267.1 4.9 
Thereafter10.5 61.1 
Total lease payments52.2 81.2 
Less: imputed interest(6.2)(29.2)
Total present value of lease liabilities$46.0 $52.0 
(1) Excludes the nine months ended September 25, 2022.
Schedule of Maturities of Financing Lease Liabilities
The maturity of lease liabilities is (in millions):
Operating LeasesFinance Leases
2022 (1)
$3.3 $1.1 
202312.7 4.6 
202410.1 4.7 
20258.5 4.8 
20267.1 4.9 
Thereafter10.5 61.1 
Total lease payments52.2 81.2 
Less: imputed interest(6.2)(29.2)
Total present value of lease liabilities$46.0 $52.0 
(1) Excludes the nine months ended September 25, 2022.