Leases (Tables)

3 Months Ended

Mar. 29, 2025

Leases

Schedule of operating leases and finance leases on the balance sheets

Operating leases and a finance lease are included in the accompanying unaudited consolidated balance sheets in the following line items (in thousands):

	March 29,		December 28,
	2025		2024
Right-of-use assets:
Operating lease right-of-use assets	$	51,433	$	55,431
Finance lease right-of-use assets		509		773
Total lease right-of-use assets	$	51,942	$	56,204
Operating lease liabilities:
Current portion of operating lease liabilities	$	17,304	$	17,963
Long-term operating lease liabilities, net of current portion		34,170		37,697
Total operating lease liabilities	$	51,474	$	55,660
Finance lease liabilities:
Current portion of finance lease liabilities	$	455	$	726
Long-term finance lease liabilities, net of current portion		—		—
Total finance lease liabilities	$	455	$	726

Schedule of supplemental information related to leases

The following table shows supplemental information related to leases (in thousands):

	Thirteen Weeks Ended
	March 29,		March 30,
	2025		2024
Operating cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	5,137	$	4,868
Cash paid for amounts included in the measurement of finance lease liabilities	$	275	$	275
The components of operating lease costs were as follows:
Cost of goods sold	$	3,240	$	3,262
Selling, general and administrative expenses		1,709		1,710
Total operating lease costs	$	4,949	$	4,972
The components of finance lease costs were as follows:
Depreciation of finance right-of-use assets	$	264	$	264
Interest on finance lease liabilities		4		10
Total finance lease costs	$	268	$	274
Total net lease costs	$	5,217	$	5,246

Schedule of weighted average remaining lease term and weighted average discount rate

The following table shows the weighted average lease term and weighted average discount rate for our ROU assets:

	March 29,		December 28,
	2025		2024
Weighted average remaining lease term (years)
Operating leases		4.2		4.3
Finance lease		0.5		0.7
Weighted average discount rate
Operating leases		3.77%		3.77%
Finance lease		2.30%		2.30%

Future minimum lease payments under operating leases

	Operating Leases		Finance Lease		Total Maturities of Lease Liabilities
Fiscal year:
2025 remaining	$	14,717	$	458	$	15,175
2026		14,243		—		14,243
2027		9,650		—		9,650
2028		8,076		—		8,076
2029		3,513		—		3,513
Thereafter		5,399		—		5,399
Total undiscounted future minimum lease payments		55,598		458		56,056
Less: Imputed interest		(4,124)		(3)		(4,127)
Total present value of future lease liabilities	$	51,474	$	455	$	51,929

Future minimum lease payments under finance leases

	Operating Leases		Finance Lease		Total Maturities of Lease Liabilities
Fiscal year:
2025 remaining	$	14,717	$	458	$	15,175
2026		14,243		—		14,243
2027		9,650		—		9,650
2028		8,076		—		8,076
2029		3,513		—		3,513
Thereafter		5,399		—		5,399
Total undiscounted future minimum lease payments		55,598		458		56,056
Less: Imputed interest		(4,124)		(3)		(4,127)
Total present value of future lease liabilities	$	51,474	$	455	$	51,929