Leases (Tables)

3 Months Ended

Mar. 27, 2022

Leases [Abstract]

Components Of Operating And Finance Lease Cost

The components of operating and finance lease cost for the first quarter of 2022 and the first quarter of 2021 were as follows:

	Fiscal Quarter Ended
	March 27,		March 28,
	2022		2021
Operating lease cost	$	10,275	$	10,424
Finance lease cost:
Amortization of right-of-use assets		1,208		919
Interest on lease liabilities		1,104		1,026
Total finance lease cost	$	2,312	$	1,945

Schedule of Supplemental Balance Sheet Information Related To Finance Leases

Supplemental balance sheet information related to the Company’s finance leases as of March 27, 2022 and January 2, 2022 was as follows:

	March 27,			January 2,
	2022			2022
Land and buildings	$	87,019		$	86,965
Accumulated depreciation and amortization		(15,641	)		(14,423	)
Finance lease assets, net	$	71,378		$	72,542
Current portion of long-term debt	$	4,132		$	4,088
Long-term debt, less current portion		71,260			72,250
Total principal payable on finance leases	$	75,392		$	76,338

As of March 27, 2022 and January 2, 2022, the weighted average remaining lease term and weighted average discount rate for the Company’s operating and finance leases were as follows:

	March 27, 2022		January 2, 2022
	Operating	Finance	Operating	Finance
	Leases	Leases	Leases	Leases
Weighted average remaining lease term	7 years	15 years	7 years	15 years
Weighted average discount rate	3.5%	5.8%	3.5%	5.8%

Schedule Of Supplemental Cash Flow Information Related To Leases

Supplemental cash flow information related to leases for the first quarter of 2022 and the first quarter of 2021 were as follows:

	Fiscal Quarter Ended
	March 27,		March 28,
	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	10,637	$	10,187
Operating cash flows from finance leases		1,104		1,026
Financing cash flows from finance leases		986		704
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		7,758		4,672
Finance leases		—		399

Schedule Of Maturities Of Operating And Finance Leases Liabilities

Maturities of lease liabilities as of March 27, 2022 were as follows:

	Operating			Finance
	Leases			Leases
2022	$	35,957		$	6,078
2023		40,220			7,542
2024		39,100			8,121
2025		33,501			7,942
2026		30,487			8,640
Thereafter		67,721			78,139
Total future minimum rental commitments		246,986			116,462
Less – amounts representing interest		(27,233	)		(41,070	)
Total lease liabilities	$	219,753		$	75,392