Leases (Tables)

3 Months Ended

Mar. 26, 2023

Leases [Abstract]

Schedule of Lease Cost

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

	Three Months Ended
	March 26, 2023		March 27, 2022
Amortization of right of use assets - finance leases	$	0.8	$	0.7
Interest on lease liabilities - finance leases	0.7		0.7
Operating lease cost	3.3		3.3
Short-term lease cost	0.2		0.2
Variable lease cost (cost excluded from lease payments)	—		—
Sublease income	—		—
Total lease cost	$	5.0	$	4.9

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

	Three Months Ended
	March 26, 2023		March 27, 2022
Finance lease - cash paid for interest	$	0.7	$	0.7
Finance lease - financing cash flows	$	0.4	$	0.3
Operating lease - operating cash flows (fixed payments)	$	3.0	$	3.4

Other supplemental noncash information (in millions):

	Three Months Ended
	March 26, 2023			March 27, 2022
Operating lease liabilities arising from obtaining right-of-use assets	$	1.9		$	3.7
Finance lease liabilities arising from obtaining right-of-use assets	$	—		$	—
	March 26, 2023			March 27, 2022
Weighted-average remaining lease term (in years):
Operating leases	4.94			4.50
Finance leases	14.96			15.91
Weighted-average discount rate:
Operating leases	4.88		%	6.48		%
Finance leases	6.02		%	6.51		%

Schedule of Balance Sheet Information

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

	March 26, 2023		December 25, 2022
Operating leases:
Operating lease right-of-use assets	$	46.6	$	47.4
Current portion of operating lease liabilities	$	11.1	$	10.8
Operating lease liabilities, net of current portion	$	40.0	$	40.8
Finance leases:
Property, plant and equipment, net	$	44.2	$	45.8
Other current liabilities	$	1.7	$	1.7
Other long-term liabilities	$	49.5	$	49.9

Schedule of Maturities of Operating Lease Liabilities

The maturity of lease liabilities is (in millions):

	Operating Leases		Finance Leases
2023 (1)	$	10.2	$	3.5
2024	12.3		4.7
2025	10.6		4.8
2026	9.0		4.8
2027	7.8		4.9
Thereafter	7.2		56.2
Total lease payments	57.1		78.9
Less: imputed interest	(6.0)		(27.7)
Total present value of lease liabilities	$	51.1	$	51.2
(1) Excludes the three months ended March 26, 2023.

Schedule of Maturities of Financing Lease Liabilities

The maturity of lease liabilities is (in millions):

	Operating Leases		Finance Leases
2023 (1)	$	10.2	$	3.5
2024	12.3		4.7
2025	10.6		4.8
2026	9.0		4.8
2027	7.8		4.9
Thereafter	7.2		56.2
Total lease payments	57.1		78.9
Less: imputed interest	(6.0)		(27.7)
Total present value of lease liabilities	$	51.1	$	51.2
(1) Excludes the three months ended March 26, 2023.