Leases

12 Months Ended

Dec. 25, 2022

Leases [Abstract]

Leases

Leases

The components of lease expense for the years ended December 25, 2022, and December 26, 2021 were as follows (in millions):

	December 25, 2022		December 26, 2021
Amortization of right of use assets - finance leases	$	2.9	$	2.4
Interest expense on lease liabilities - finance leases	3.0		2.7
Operating lease cost (expense resulting from amortization of total lease payments)	12.9		11.2
Short-term lease cost	0.8		0.8
Variable lease cost (cost excluded from lease payments)	0.1		0.1
Sublease income	—		(0.2)
Total lease cost	$	19.7	$	17.0

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

	December 25, 2022		December 26, 2021
Operating Leases:
Operating lease right-of-use assets	$	47.4	$	38.5
Current portion of operating lease liabilities	$	10.8	$	10.1
Operating lease liabilities, net of current portion	$	40.8	$	32.7
Finance leases:
Property, plant and equipment, net	$	45.8	$	39.0
Other current liabilities	$	1.7	$	1.2
Other long-term liabilities	$	49.9	$	43.2

Cash paid for amounts included in the measurement of lease liabilities for the years ended December 25, 2022, and December 26, 2021 were as follows (in millions):

	December 25, 2022		December 26, 2021
Finance lease - cash paid for interest	$	3.0	$	2.7
Finance lease - financing cash flows	$	1.4	$	1.0
Operating lease - operating cash flows (fixed payments)	$	13.3	$	11.8

Other supplemental noncash information (in millions):

	December 25, 2022			December 26, 2021
Operating lease liabilities arising from obtaining right-of-use assets	$	20.1		$	3.8
Finance lease liabilities arising from obtaining right-of-use assets	$	9.1		$	5.8
Weighted-average remaining lease term (in years):
Operating leases	5.14			4.57
Finance leases	15.20			16.14
Weighted-average discount rate:
Operating leases	4.92		%	6.50		%
Finance leases	6.02		%	6.51		%

The maturity of lease liabilities is (in millions):

	Operating Leases		Finance Leases
2023	$	12.9	$	4.6
2024	11.8		4.7
2025	10.1		4.8
2026	8.7		4.9
2027	7.6		4.9
Thereafter	7.0		56.2
Total lease payments	58.1		80.1
Less: imputed interest	(6.5)		(28.5)
Total present value of lease liabilities	$	51.6	$	51.6

Leases

Leases

The components of lease expense for the years ended December 25, 2022, and December 26, 2021 were as follows (in millions):

	December 25, 2022		December 26, 2021
Amortization of right of use assets - finance leases	$	2.9	$	2.4
Interest expense on lease liabilities - finance leases	3.0		2.7
Operating lease cost (expense resulting from amortization of total lease payments)	12.9		11.2
Short-term lease cost	0.8		0.8
Variable lease cost (cost excluded from lease payments)	0.1		0.1
Sublease income	—		(0.2)
Total lease cost	$	19.7	$	17.0

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

	December 25, 2022		December 26, 2021
Operating Leases:
Operating lease right-of-use assets	$	47.4	$	38.5
Current portion of operating lease liabilities	$	10.8	$	10.1
Operating lease liabilities, net of current portion	$	40.8	$	32.7
Finance leases:
Property, plant and equipment, net	$	45.8	$	39.0
Other current liabilities	$	1.7	$	1.2
Other long-term liabilities	$	49.9	$	43.2

Cash paid for amounts included in the measurement of lease liabilities for the years ended December 25, 2022, and December 26, 2021 were as follows (in millions):

	December 25, 2022		December 26, 2021
Finance lease - cash paid for interest	$	3.0	$	2.7
Finance lease - financing cash flows	$	1.4	$	1.0
Operating lease - operating cash flows (fixed payments)	$	13.3	$	11.8

Other supplemental noncash information (in millions):

	December 25, 2022			December 26, 2021
Operating lease liabilities arising from obtaining right-of-use assets	$	20.1		$	3.8
Finance lease liabilities arising from obtaining right-of-use assets	$	9.1		$	5.8
Weighted-average remaining lease term (in years):
Operating leases	5.14			4.57
Finance leases	15.20			16.14
Weighted-average discount rate:
Operating leases	4.92		%	6.50		%
Finance leases	6.02		%	6.51		%

The maturity of lease liabilities is (in millions):

	Operating Leases		Finance Leases
2023	$	12.9	$	4.6
2024	11.8		4.7
2025	10.1		4.8
2026	8.7		4.9
2027	7.6		4.9
Thereafter	7.0		56.2
Total lease payments	58.1		80.1
Less: imputed interest	(6.5)		(28.5)
Total present value of lease liabilities	$	51.6	$	51.6