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Leases (Tables)
9 Months Ended
Oct. 01, 2023
Leases [Abstract]  
Schedule of Lease Cost The components of lease expense were as follows (in millions):
Three Months EndedNine Months Ended
October 1, 2023September 25, 2022October 1, 2023September 25, 2022
Amortization of right of use assets - finance leases$0.8 $0.8 $2.3 $2.1 
Interest on lease liabilities - finance leases0.8 0.8 2.3 2.2 
Operating lease cost 3.7 3.1 10.4 9.7 
Short-term lease cost0.3 0.2 0.8 0.6 
Variable lease cost (cost excluded from lease payments)— — 0.1 0.1 
Total lease cost
$5.6 $4.9 $15.9 $14.7 
Cash paid for amounts included in the measurement of lease liabilities was as follows (in millions):
Three Months EndedNine Months Ended
October 1, 2023September 25, 2022October 1, 2023September 25, 2022
Finance lease - cash paid for interest$0.8 $0.8 $2.3 $2.2 
Finance lease - financing cash flows$0.4 $0.4 $1.2 $1.0 
Operating lease - operating cash flows (fixed payments)$3.7 $3.2 $10.3 $10.0 
Other supplemental noncash information (in millions):
Three Months EndedNine Months Ended
October 1, 2023September 25, 2022October 1, 2023September 25, 2022
Operating lease liabilities arising from obtaining right-of-use assets$5.4 $6.9 $11.8 $11.9 
Finance lease liabilities arising from obtaining right-of-use assets$— $— $0.1 $9.1 
October 1, 2023September 25, 2022
Weighted-average remaining lease term (in years):
Operating leases
4.754.91
Finance leases
14.8015.44
Weighted-average discount rate:
Operating leases
5.04 %5.51 %
Finance leases
6.41 %6.02 %
Schedule of Balance Sheet Information
The components of leases on the balance sheet were as follows (in millions):
October 1, 2023December 25, 2022
Operating leases:
Operating lease right-of-use assets
$50.6 $47.4 
Current portion of operating lease liabilities
$12.1 $10.8 
Operating lease liabilities, net of current portion
$43.0 $40.8 
Finance leases:
Property, plant and equipment, net
$44.1 $45.8 
Other current liabilities
$1.6 $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 LeasesFinance Leases
2023 (1)
$3.8 $1.2 
202414.5 4.8 
202512.8 5.0 
202610.9 5.0 
20279.8 5.1 
Thereafter9.9 59.5 
Total lease payments61.7 80.6 
Less: imputed interest(6.6)(29.5)
Total present value of lease liabilities$55.1 $51.1 
(1) Excludes the nine months ended October 1, 2023.
Schedule of Maturities of Financing Lease Liabilities
The maturity of lease liabilities is (in millions):
Operating LeasesFinance Leases
2023 (1)
$3.8 $1.2 
202414.5 4.8 
202512.8 5.0 
202610.9 5.0 
20279.8 5.1 
Thereafter9.9 59.5 
Total lease payments61.7 80.6 
Less: imputed interest(6.6)(29.5)
Total present value of lease liabilities$55.1 $51.1 
(1) Excludes the nine months ended October 1, 2023.