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Leases (Tables)
12 Months Ended
Jan. 01, 2022
Leases [Abstract]  
Lease Costs Incurred By Lease Type, and/or Type Of Payment

Lease costs incurred by lease type, and/or type of payment for Fiscal 2021, 2020 and 2019 were as follows (in thousands):

 

 

 

Fiscal 2021

 

 

Fiscal 2020

 

 

Fiscal 2019

 

Lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

1,751

 

 

$

7,190

 

 

$

7,014

 

Interest on lease liabilities

 

 

154

 

 

 

846

 

 

 

994

 

Operating lease cost

 

 

68,927

 

 

 

69,926

 

 

 

69,525

 

Short-term lease cost

 

 

3,075

 

 

 

3,058

 

 

 

2,630

 

Variable lease cost

 

 

27,120

 

 

 

24,815

 

 

 

26,359

 

Total lease cost

 

$

101,027

 

 

$

105,835

 

 

$

106,522

 

Other Supplemental Quantitative Disclosures

Other supplemental quantitative disclosures as of, and for, Fiscal 2021 and Fiscal 2020 were as follows (in thousands):

 

 

 

Fiscal 2021

 

 

Fiscal 2020

 

Cash paid for amounts included in the measurement

   of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows from financing leases

 

$

154

 

 

$

846

 

Operating cash flows from operating leases

 

$

68,802

 

 

$

74,226

 

Financing cash flows from financing leases

 

$

1,745

 

 

$

6,715

 

Right-of-use assets obtained in exchange for new

   financing lease liabilities

 

$

37

 

 

$

79

 

Right-of-use assets obtained in exchange for new

   operating lease liabilities

 

$

55,869

 

 

$

16,022

 

Weighted-average remaining lease term (years):

 

 

 

 

 

 

 

 

Financing leases

 

 

2.1

 

 

 

3.1

 

Operating leases

 

 

8.3

 

 

 

9.4

 

Weighted-average IBR (percentage):

 

 

 

 

 

 

 

 

Financing leases

 

 

3.5

 

 

 

3.5

 

Operating leases

 

 

3.8

 

 

 

4.1

 

Estimated Undiscounted Future Lease Payments Under Non-Cancelable Operating Leases and Financing Leases with Reconciliation of Undiscounted Cash Flows

Estimated undiscounted future lease payments under non-cancelable operating leases and financing leases, along with a reconciliation of the undiscounted cash flows to operating and financing lease liabilities, respectively, as of January 1, 2022 (in thousands) were as follows:

 

 

 

Operating lease

liabilities

 

 

Financing lease

liabilities

 

2022

 

$

56,925

 

 

$

1,691

 

2023

 

 

53,900

 

 

 

1,828

 

2024

 

 

45,269

 

 

 

101

 

2025

 

 

42,386

 

 

 

 

2026

 

 

28,591

 

 

 

 

Thereafter

 

 

127,734

 

 

 

 

Total minimum lease payments

 

 

354,805

 

 

 

3,620

 

Less: amount of lease payments representing interest

 

 

(57,777

)

 

 

(126

)

Present value of future minimum lease payments

 

 

297,028

 

 

 

3,494

 

Less: current obligations under leases

 

 

(46,390

)

 

 

(1,584

)

Long-term lease obligations

 

$

250,638

 

 

$

1,910

 

Lease Modifications and Renewals and Lease Impairments

The following table details lease modifications and renewals and lease impairments (amounts in thousands):

 

 

 

Fiscal 2021

 

 

Fiscal 2020

 

Lease modifications and renewals

 

$

46,790

 

 

$

13,818

 

Lease impairments

 

 

 

 

$

11,400

 

Lease terminations

 

$

41,610

 

 

$

14,817