Lease Commitments (Tables)

12 Months Ended

Jan. 01, 2023

Leases [Abstract]

Summary of Components of Lease Expense

In accordance with ASC 842, the components of lease expense were as follows:

	Fiscal Year Ended
	January 1, 2023		January 2, 2022			January 3, 2021
	(In thousands)
Lease expense:
Operating lease expense	$	83,412	$	81,734		$	83,030
Variable lease expense		18,803		18,384			15,238
Sublease income		—		(91	)		(1,192	)
Operating lease expense		102,215		100,027			97,076
Amortization of right-of-use assets		3,652		2,940			2,721
Interest on lease liabilities		282		260			297
Finance lease expense		3,934		3,200			3,018
Total lease expense	$	106,149	$	103,227		$	100,094

(1)Variable lease expense for fiscal 2020 was reduced by $3.1 million for lease abatements related to the effects of the COVID-19 pandemic that resulted in the total payments required by the modified contract being substantially the same as or less than total payments required by the original contract. See Note 2 to the Notes to Consolidated Financial Statements for a further discussion on lease concessions.

Schedule of Other Information Related To Leases

In accordance with ASC 842, other information related to leases was as follows:

	Fiscal Year Ended
	January 1, 2023			January 2, 2022			January 3, 2021
	(In thousands)
Operating cash flows from operating leases	$	86,170		$	85,238		$	83,028
Financing cash flows from finance leases		3,504			2,887			2,858
Operating cash flows from finance leases		289			271			313
Cash paid for amounts included in the measurement of lease liabilities	$	89,963		$	88,396		$	86,199
Right-of-use assets obtained in exchange for new finance lease liabilities	$	3,859		$	8,723		$	—
Right-of-use assets obtained in exchange for new operating lease liabilities	$	74,829		$	56,953		$	80,452
Weighted-average remaining lease term—finance leases	3.8 years			3.8 years			2.4 years
Weighted-average remaining lease term—operating leases	5.0 years			4.8 years			5.0 years
Weighted-average discount rate—finance leases		3.8	%		3.1	%		4.8	%
Weighted-average discount rate—operating leases		4.9	%		5.4	%		6.1	%

Schedule of Maturities For Finance And Operating Leases

In accordance with ASC 842, maturities of finance and operating lease liabilities as of January 1, 2023 were as follows:

Fiscal Year Ending:	Finance Leases			Operating Leases
	(In thousands)
2023	$	4,419		$	82,670
2024		2,446			74,426
2025		1,933			57,419
2026		1,414			41,376
2027		620			24,728
Thereafter		267			41,165
Undiscounted cash flows	$	11,099		$	321,784
Reconciliation of lease liabilities:
Weighted-average remaining lease term	3.8 years			5.0 years
Weighted-average discount rate		3.8	%		4.9	%
Present values	$	10,306		$	285,168
Lease liabilities - current		3,217			70,584
Lease liabilities - long-term		7,089			214,584
Lease liabilities - total	$	10,306		$	285,168
Difference between undiscounted and discounted cash flows	$	793		$	36,616