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Leases (Tables)
12 Months Ended
Dec. 30, 2022
Leases [Abstract]  
Summary of Components of Lease Expense The components of lease expense were summarized as follows:

 

 

Year Ended

 

(Dollars in millions)

 

December 30, 2022

 

 

December 31, 2021

 

Operating lease cost

 

$

21.9

 

 

$

18.9

 

Short-term lease cost

 

 

1.9

 

 

 

1.9

 

Sublease income

 

 

(0.4

)

 

 

(0.1

)

Total lease cost

 

$

23.4

 

 

$

20.7

 

 

 

 

 

 

 

 

Operating cash flows used in operating leases

 

$

21.9

 

 

$

20.4

 

Weighted-average remaining lease term – operating leases

 

 

8.3

 

 

 

1.2

 

Weighted-average discount rate – operating leases

 

 

4.8

%

 

 

5.5

%

Summary of Future Minimum Payments under Operating Leases

Future minimum payments under operating leases as of December 30, 2022 were summarized as follows:

(In millions)

 

Operating Leases

 

2023

 

$

21.3

 

2024

 

 

18.1

 

2025

 

 

13.9

 

2026

 

 

10.4

 

2027

 

 

10.1

 

Thereafter

 

 

46.3

 

Total minimum lease payments

 

 

120.1

 

Less: imputed interest

 

 

(22.7

)

Lease liability

 

$

97.4

 

 

As of December 30, 2022, legally binding minimum lease payments of $98.8 million were signed but not yet commenced.