Commitments and Contingencies (Tables)

3 Months Ended

Mar. 28, 2020

Commitments and Contingencies Disclosure [Abstract]

Operating Lease Liabilities

The following table presents maturity of lease liabilities under the Company's non-cancelable operating leases as of March 28, 2020 (in thousands):

Remainder of 2020	$	18,987
2021	18,691
2022	15,245
2023	12,054
2024	10,066
Thereafter	35,855
Total lease payments	110,898
Less: interest(1)	32,423
Present value of lease liabilities	$	78,475

(1) Calculated using the interest rate for each lease.

			Payments Due by Period
	Total		Remainder of 2020		2021		2022		2023		2024		Thereafter
	(In thousands)
Operating leases(1)(2)	110,898		18,987		18,691		15,245		12,054		10,066		35,855
Financing lease obligations(3)	4,088		1,557		1,199		930		402		—		—
2027 - Convertible senior notes, including interest(4)	234,889		2,389		5,000		5,000		5,000		5,000		212,500
2024 - Convertible senior notes, including interest(4)	440,989		4,277		8,553		8,553		8,553		411,053		—
Asset backed loan(4)	86,289		1,289		—		—		—		85,000		—
Financing assistance agreement, including interest(4)	32,278		32,278		—		—		—		—		—
Mortgage Payable, including interest(4)	9,879		631		841		841		842		6,724		—
Total contractual obligations	$	919,310	$	61,408	$	34,284	$	30,569	$	26,851	$	517,843	$	248,355

⁽¹⁾ The Company leases facilities under non-cancelable operating lease agreements. These leases have varying terms that range from one to 11 years. The Company has contractual commitments to remove leasehold improvements and return certain properties to a specified condition when the leases terminate. At the inception of a lease with such conditions, the Company records an asset retirement obligation liability and a corresponding capital asset in an amount equal to the estimated fair value of the obligation. Asset retirement obligations were $4.9 million and $4.7 million as of March 28, 2020 and December 28, 2019, respectively. These obligations are classified as other long-term liabilities on the accompanying consolidated balance sheets.

⁽²⁾ The Company has two finance leases for manufacturing and other equipment.

⁽³⁾ See Note 3, "Leases" to the Notes to Consolidated Financial Statements for more information.

⁽⁴⁾ See Note 12, "Debt" to the Notes to Consolidated Financial Statements for more information.

Finance Lease Liabilities

The following table presents maturity of lease liability under the Company's finance leases as of March 28, 2020 (in thousands):

Remainder of 2020	$	1,557
2021	1,199
2022	930
2023	402
Thereafter	—
Total lease payments	4,088
Less: interest	281
Present value of lease liabilities	$	3,807

Commitments and Contingencies

			Payments Due by Period
	Total		Remainder of 2020		2021		2022		2023		2024		Thereafter
	(In thousands)
Operating leases(1)(2)	110,898		18,987		18,691		15,245		12,054		10,066		35,855
Financing lease obligations(3)	4,088		1,557		1,199		930		402		—		—
2027 - Convertible senior notes, including interest(4)	234,889		2,389		5,000		5,000		5,000		5,000		212,500
2024 - Convertible senior notes, including interest(4)	440,989		4,277		8,553		8,553		8,553		411,053		—
Asset backed loan(4)	86,289		1,289		—		—		—		85,000		—
Financing assistance agreement, including interest(4)	32,278		32,278		—		—		—		—		—
Mortgage Payable, including interest(4)	9,879		631		841		841		842		6,724		—
Total contractual obligations	$	919,310	$	61,408	$	34,284	$	30,569	$	26,851	$	517,843	$	248,355

⁽¹⁾ The Company leases facilities under non-cancelable operating lease agreements. These leases have varying terms that range from one to 11 years. The Company has contractual commitments to remove leasehold improvements and return certain properties to a specified condition when the leases terminate. At the inception of a lease with such conditions, the Company records an asset retirement obligation liability and a corresponding capital asset in an amount equal to the estimated fair value of the obligation. Asset retirement obligations were $4.9 million and $4.7 million as of March 28, 2020 and December 28, 2019, respectively. These obligations are classified as other long-term liabilities on the accompanying consolidated balance sheets.

⁽²⁾ The Company has two finance leases for manufacturing and other equipment.

⁽³⁾ See Note 3, "Leases" to the Notes to Consolidated Financial Statements for more information.

⁽⁴⁾ See Note 12, "Debt" to the Notes to Consolidated Financial Statements for more information.

Schedule of Maturities of Long-term Debt

			Payments Due by Period
	Total		Remainder of 2020		2021		2022		2023		2024		Thereafter
	(In thousands)
Operating leases(1)(2)	110,898		18,987		18,691		15,245		12,054		10,066		35,855
Financing lease obligations(3)	4,088		1,557		1,199		930		402		—		—
2027 - Convertible senior notes, including interest(4)	234,889		2,389		5,000		5,000		5,000		5,000		212,500
2024 - Convertible senior notes, including interest(4)	440,989		4,277		8,553		8,553		8,553		411,053		—
Asset backed loan(4)	86,289		1,289		—		—		—		85,000		—
Financing assistance agreement, including interest(4)	32,278		32,278		—		—		—		—		—
Mortgage Payable, including interest(4)	9,879		631		841		841		842		6,724		—
Total contractual obligations	$	919,310	$	61,408	$	34,284	$	30,569	$	26,851	$	517,843	$	248,355

⁽¹⁾ The Company leases facilities under non-cancelable operating lease agreements. These leases have varying terms that range from one to 11 years. The Company has contractual commitments to remove leasehold improvements and return certain properties to a specified condition when the leases terminate. At the inception of a lease with such conditions, the Company records an asset retirement obligation liability and a corresponding capital asset in an amount equal to the estimated fair value of the obligation. Asset retirement obligations were $4.9 million and $4.7 million as of March 28, 2020 and December 28, 2019, respectively. These obligations are classified as other long-term liabilities on the accompanying consolidated balance sheets.

⁽²⁾ The Company has two finance leases for manufacturing and other equipment.

⁽³⁾ See Note 3, "Leases" to the Notes to Consolidated Financial Statements for more information.

⁽⁴⁾ See Note 12, "Debt" to the Notes to Consolidated Financial Statements for more information.

Schedule of Short-term Debt

			Payments Due by Period
	Total		Remainder of 2020		2021		2022		2023		2024		Thereafter
	(In thousands)
Operating leases(1)(2)	110,898		18,987		18,691		15,245		12,054		10,066		35,855
Financing lease obligations(3)	4,088		1,557		1,199		930		402		—		—
2027 - Convertible senior notes, including interest(4)	234,889		2,389		5,000		5,000		5,000		5,000		212,500
2024 - Convertible senior notes, including interest(4)	440,989		4,277		8,553		8,553		8,553		411,053		—
Asset backed loan(4)	86,289		1,289		—		—		—		85,000		—
Financing assistance agreement, including interest(4)	32,278		32,278		—		—		—		—		—
Mortgage Payable, including interest(4)	9,879		631		841		841		842		6,724		—
Total contractual obligations	$	919,310	$	61,408	$	34,284	$	30,569	$	26,851	$	517,843	$	248,355

⁽¹⁾ The Company leases facilities under non-cancelable operating lease agreements. These leases have varying terms that range from one to 11 years. The Company has contractual commitments to remove leasehold improvements and return certain properties to a specified condition when the leases terminate. At the inception of a lease with such conditions, the Company records an asset retirement obligation liability and a corresponding capital asset in an amount equal to the estimated fair value of the obligation. Asset retirement obligations were $4.9 million and $4.7 million as of March 28, 2020 and December 28, 2019, respectively. These obligations are classified as other long-term liabilities on the accompanying consolidated balance sheets.

⁽²⁾ The Company has two finance leases for manufacturing and other equipment.

⁽³⁾ See Note 3, "Leases" to the Notes to Consolidated Financial Statements for more information.

⁽⁴⁾ See Note 12, "Debt" to the Notes to Consolidated Financial Statements for more information.