Leases (Tables)

12 Months Ended

Jan. 03, 2022

The components of lease expense were as follows:

	For the Year Ended
	January 3, 2022		December 28, 2020
	(In thousands)
Operating lease cost	$	7,907	$	9,304
Variable lease cost		798		529
Short-term lease cost		338		525
Finance lease costs:
Amortization of right-of-use assets		538		—
Interest on lease liabilities		159		—

Supplemental cash flow information related to leases was as follows:

	For the Year Ended
	January 3, 2022		December 28, 2020
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	8,308	$	8,865
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases		8,651		10,036
Finance leases		15,297		—

Supplemental balance sheet information related to leases was as follows:

		As of
	Balance Sheet Location	January 3, 2022		December 28, 2020
		(In thousands)
Assets:
Operating leases	Operating lease right-of-use assets	$	20,802	$	24,340
Finance leases	Property, plant and equipment, net		14,759		—
Total lease assets		$	35,561	$	24,340
Liabilities:
Current:
Operating leases	Other current liabilities	$	6,362	$	8,144
Finance leases	Other current liabilities		698		—
Long-term:
Operating leases	Operating lease liabilities		15,252		17,211
Finance leases	Other long-term liabilities		14,317		—
Total lease liabilities		$	36,629	$	25,355

	As of
	January 3, 2022			December 28, 2020
Weighted average remaining lease term (years):
Operating leases	3.9			4.2
Finance leases	14.6				—
Weighted average discount rate:
Operating leases		2.56	%		3.31	%
Finance leases		2.68	%		—

Maturities of lease liabilities were as follows:

(1)

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