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Leases, Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2022
Leases Commitments And Contingencies Disclosure [Abstract]  
Components of Lease Expense

The components of lease expense for the years ended December 31, 2022 and January 1, 2022 are as follows (in thousands):

 

 

 

Year Ended

 

 

 

December 31,

 

 

January 1,

 

 

 

2022

 

 

2022

 

Operating lease cost

 

$

20,490

 

 

$

15,254

 

Short-term lease cost

 

 

10,175

 

 

 

9,872

 

Total lease cost

 

$

30,665

 

 

$

25,126

 

Other Information Relating to Leases

Other information relating to leases for the years ended December 31, 2022 and January 1, 2022, are as follows (in thousands, except years and percentages):

 

 

Year Ended

 

 

 

December 31,

 

 

January 1,

 

 

 

2022

 

 

2022

 

Supplemental cash flows information

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows relating to operating leases

 

$

(19,635

)

 

$

(13,750

)

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

Operating leases

 

$

29,031

 

 

$

65,678

 

 

 

 

 

 

 

 

Weighted average remaining lease term in years

 

 

 

 

 

 

Operating leases

 

 

7.12

 

 

 

7.04

 

 

 

 

 

 

 

 

Weighted average discount rate

 

 

 

 

 

 

Operating leases

 

 

5.2

%

 

 

5.5

%

 

Future Minimum Lease Commitments for Non-Cancelable Operating Leases

Future minimum lease commitments for operating leases are as follows (in thousands):

 

 

 

December 31,

 

 

January 1,

 

 

 

2022

 

 

2022

 

2022

 

$

-

 

 

$

17,929

 

2023

 

 

21,498

 

 

 

17,577

 

2024

 

 

20,941

 

 

 

16,990

 

2025

 

 

19,842

 

 

 

15,987

 

2026

 

 

18,612

 

 

 

15,025

 

2027

 

 

17,572

 

 

 

14,358

 

Thereafter

 

 

33,224

 

 

 

17,891

 

 

 

 

 

 

 

 

Total future minimum lease payments

 

 

131,689

 

 

 

115,757

 

 

 

 

 

 

 

 

Less: Imputed interest

 

 

(20,137

)

 

 

(18,674

)

 

 

 

 

 

 

 

Operating lease liability - total

 

$

111,552

 

 

$

97,083

 

 

 

 

 

 

 

 

Reported as of December 31, 2022 and January 1, 2022:

 

 

 

 

 

 

Current portion of operating lease liability

 

$

16,393

 

 

$

13,180

 

Operating lease liability, less current portion

 

 

95,159

 

 

 

83,903

 

 

 

 

 

 

 

 

Operating lease liability - total

 

$

111,552

 

 

$

97,083