Leases (Tables)

3 Months Ended

Apr. 03, 2023

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:

	Quarter Ended
	April 3, 2023		April 4, 2022
	(In thousands)
Operating lease cost	$	2,046	$	1,884
Variable lease cost		278		246
Short-term lease cost		117		140
Finance lease costs:
Amortization of right-of-use assets		344		344
Interest on lease liabilities		94		98

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

	Quarter Ended
	April 3, 2023		April 4, 2022
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	2,070	$	1,861
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases		529		421

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

		As of
	Balance Sheet Location	April 3, 2023		January 2, 2023
		(In thousands)
Assets:
Operating leases	Operating lease right-of-use assets	$	15,622	$	18,862
Finance leases	Property, plant and equipment, net		13,041		13,384
Total lease assets		$	28,663	$	32,246
Liabilities:
Current:
Operating leases	Other current liabilities	$	6,257	$	7,368
Finance leases	Other current liabilities		752		736
Long-term:
Operating leases	Operating lease liabilities		10,099		12,249
Finance leases	Other long-term liabilities		13,385		13,579
Total lease liabilities		$	30,493	$	33,932

	As of
	April 3, 2023			January 2, 2023
Weighted average remaining lease term (years):
Operating leases	3.2			3.3
Finance leases	13.4			13.6
Weighted average discount rate:
Operating leases		3.31	%		3.09	%
Finance leases		2.69	%		2.69	%

Maturities of Lease Liabilities

Maturities of lease liabilities were as follows:

	Operating Leases (1)			Finance Leases
	(In thousands)
Less than one year	$	6,662		$	1,121
1 - 2 years		5,485			1,131
2 - 3 years		2,867			1,158
3 - 4 years		1,213			1,175
4 - 5 years		438			1,210
Thereafter		657			11,152
Total lease payments		17,322			16,947
Less imputed interest		(966	)		(2,810	)
Total	$	16,356		$	14,137

(1)Excludes $851 of legally binding minimum lease payments for leases signed but not yet commenced.