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Leases (Tables)
3 Months Ended
Apr. 01, 2022
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were summarized as follows:

 

Three Months Ended

 

 

April 1,

 

 

March 26,

 

(Dollars in millions)

2022

 

 

2021

 

Operating lease cost

$

5.1

 

 

$

3.7

 

Short-term lease cost

 

0.7

 

 

 

0.4

 

Total lease cost

$

5.8

 

 

$

4.1

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

5.2

 

 

$

3.7

 

Weighted-average remaining lease term – operating leases

 

2.0

 

 

 

2.4

 

Weighted-average discount rate – operating leases

 

5.5

%

 

 

5.5

%

Summary of Future Minimum Payments under Operating Leases

Future minimum payments under operating leases as of April 1, 2022 were summarized as follows:

 

(In millions)

 

Operating Leases

 

2022 remaining

 

$

15.1

 

2023

 

 

17.6

 

2024

 

 

14.2

 

2025

 

 

11.6

 

2026

 

 

10.3

 

Thereafter

 

 

31.6

 

Total minimum lease payments

 

 

100.4

 

Less: imputed interest

 

 

14.3

 

Lease liability

 

$

86.1