XML 41 R30.htm IDEA: XBRL DOCUMENT v3.24.3
Leases (Tables)
 9 Months Ended
Sep. 29, 2024
Leases [Abstract]  
Schedule of Lease Cost The components of lease expense were as follows (in millions):
Three Months EndedNine Months Ended
September 29, 2024October 1, 2023September 29, 2024October 1, 2023
Amortization of right of use assets - finance leases$0.8 $0.8 $2.4 $2.3 
Interest on lease liabilities - finance leases0.9 0.8 2.5 2.3 
Operating lease cost 3.4 3.7 10.5 10.4 
Short-term lease cost0.4 0.3 1.0 0.8 
Variable lease cost (cost excluded from lease payments)— — — 0.1 
Sublease income— — (0.1)— 
Total lease cost
$5.5 $5.6 $16.3 $15.9 
Cash paid for amounts included in the measurement of lease liabilities was as follows (in millions):
Three Months EndedNine Months Ended
September 29, 2024October 1, 2023September 29, 2024October 1, 2023
Finance lease - cash paid for interest$0.9 $0.8 $2.5 $2.3 
Finance lease - financing cash flows$0.3 $0.4 $1.0 $1.2 
Operating lease - operating cash flows (fixed payments)$3.4 $3.7 $10.6 $10.3 
Other supplemental noncash information (in millions):
Three Months EndedNine Months Ended
September 29, 2024October 1, 2023September 29, 2024October 1, 2023
Operating lease liabilities arising from obtaining right-of-use assets$0.6 $5.4 $2.9 $11.8 
Finance lease liabilities arising from obtaining right-of-use assets$— $— $16.8 $0.1 
September 29, 2024October 1, 2023
Weighted-average remaining lease term (in years):
Operating leases
4.244.75
Finance leases
14.0614.80
Weighted-average discount rate:
Operating leases
5.00 %5.04 %
Finance leases
6.35 %6.41 %
Schedule of Balance Sheet Information
The components of leases on the balance sheet were as follows (in millions):
September 29, 2024December 31, 2023
Operating leases:
Operating lease right-of-use assets
$39.9 $45.7 
Current portion of operating lease liabilities
$11.6 $12.1 
Operating lease liabilities, net of current portion
$32.2 $37.8 
Finance leases:
Property, plant and equipment, net
$59.8 $45.4 
Other current liabilities
$1.8 $1.3 
Other long-term liabilities
$66.2 $50.9 
Schedule of Maturities of Operating Lease Liabilities
The maturity of lease liabilities is (in millions):
Operating LeasesFinance Leases
2024 (1)
$3.8 $2.3 
202512.6 6.0 
202611.1 6.3 
20279.9 6.5 
2028
6.6 6.6 
Thereafter4.5 81.5 
Total lease payments48.5 109.2 
Less: imputed interest(4.7)(41.2)
Total present value of lease liabilities$43.8 $68.0 
(1) Excludes the nine months ended September 29, 2024.
Schedule of Maturities of Financing Lease Liabilities
The maturity of lease liabilities is (in millions):
Operating LeasesFinance Leases
2024 (1)
$3.8 $2.3 
202512.6 6.0 
202611.1 6.3 
20279.9 6.5 
2028
6.6 6.6 
Thereafter4.5 81.5 
Total lease payments48.5 109.2 
Less: imputed interest(4.7)(41.2)
Total present value of lease liabilities$43.8 $68.0 
(1) Excludes the nine months ended September 29, 2024.