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Leases, Commitments and Contingencies (Tables)
12 Months Ended
Jan. 02, 2021
Leases Commitments And Contingencies Disclosure [Abstract]  
Components of Lease Expense


 

The components of lease expense for the years ended January 2, 2021 and December 28, 2019, are as follows. Certain amounts in the prior year period have been reclassified to conform to the current presentation (in thousands):

 

 

Year Ended

 

 

 

January 2,

 

 

December 28,

 

 

 

2021

 

 

2019

 

Operating lease cost

 

$

9,165

 

 

$

6,826

 

Variable lease cost

 

 

3,856

 

 

 

2,117

 

Total lease cost

 

$

13,021

 

 

$

8,943

 

Other Information Relating to Leases

Other information relating to leases for the year ended January 2, 2021, are as follows (in thousands, except years and percentages):

 

 

Year Ended

 

 

 

January 2,

 

 

December 28,

 

 

 

2021

 

 

2019

 

Supplemental cash flows information

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

Operating cash flows relating to operating leases

 

$

(8,822

)

 

$

(6,213

)

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

Operating leases

 

$

19,185

 

 

$

796

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term in years

 

 

 

 

 

 

 

 

Operating leases

 

 

6.84

 

 

 

3.88

 

 

 

 

 

 

 

 

 

 

Weighted average discount rate

 

 

 

 

 

 

 

 

Operating leases

 

 

5.8

%

 

 

6.2

%

Future Minimum Lease Commitments for Non-Cancelable Operating Leases

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

 

 

January 2,

 

 

December 28,

 

 

 

2021

 

 

2019

 

2020

 

$

-

 

 

$

6,319

 

2021

 

 

8,327

 

 

 

4,771

 

2022

 

 

7,626

 

 

 

3,878

 

2023

 

 

7,149

 

 

 

3,741

 

2024

 

 

6,748

 

 

 

3,771

 

2025

 

 

6,253

 

 

 

3,841

 

Thereafter

 

 

13,800

 

 

 

9,850

 

 

 

 

 

 

 

 

 

 

Total future minimum lease payments

 

 

49,903

 

 

 

36,171

 

 

 

 

 

 

 

 

 

 

Less:  Imputed interest

 

 

(8,641

)

 

 

(7,428

)

 

 

 

 

 

 

 

 

 

Operating lease liability - total

 

$

41,262

 

 

$

28,743

 

 

 

 

 

 

 

 

 

 

Reported as of January 2, 2021 and December 28, 2019:

 

 

 

 

 

 

 

 

Current portion of operating lease liability

 

$

6,132

 

 

$

4,703

 

Operating lease liability, less current portion

 

 

35,130

 

 

 

24,040

 

 

 

 

 

 

 

 

 

 

Operating lease liability - total

 

$

41,262

 

 

$

28,743