XML 44 R34.htm IDEA: XBRL DOCUMENT

Leases (Tables)

6 Months Ended

Jun. 27, 2020

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information related to the Company's operating and finance leases is as follows:



Leases	Classification	June 27, 2020			December 28, 2019
Assets
Operating lease assets	Right-of-use lease asset, net ⁽¹⁾	$	45,175		$	46,313
Finance lease assets	Property and equipment, net ⁽¹⁾	2,581			2,371
Total leased assets		$	47,756		$	48,685

Liabilities
Current
Operating	Accrued liabilities	$	(13,176	)	$	(13,108	)
Finance	Current portion of notes payable and other obligations	(1,075		)	(1,022		)
Noncurrent
Operating	Other long-term liabilities	(33,562		)	(34,573		)
Finance	Notes payable and other obligations, less current portion	(1,553		)	(1,685		)
Total lease liabilities		$	(49,366	)	$	(50,388	)

⁽¹⁾ At June 27, 2020, operating right of-use lease assets and finance lease assets are recorded net of accumulated amortization of $13,965 and $2,069, respectively. At December 28, 2019, operating right-of-use lease assets and finance lease assets are recorded net of accumulated amortization of $9,657 and $1,592, respectively.

Schedule of Lease Term and Discount Rate

Supplemental balance sheet information related to the Company's operating and finance leases is as follows:



Weighted - Average Remaining Lease Term (Years)	June 27, 2020	December 28, 2019
Operating leases	5.0	5.0
Finance leases	2.4	2.8

Weighted - Average Discount Rate
Operating leases	4%	4%
Finance leases	7%	7%

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information related to the Company's operating and finance lease liabilities is as follows:



	Three Months Ended				Six Months Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Operating cash flows from operating leases	$	3,419	$	2,671	$	6,939	$	4,951
Financing cash flows from finance leases	$	268	$	162	$	535	$	325
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	2,995	$	5,174	$	7,985	$	6,236

Schedule of Lease Cost

The following tables summarize the components of lease cost recognized in the consolidated statements of net income and comprehensive income:



		Three Months Ended		Six Months Ended
Lease Cost	Classification	June 27, 2020		June 27, 2020
Operating lease cost	Facilities and facilities related	$	3,515	$	7,100
Finance lease cost
Amortization of financing lease assets	Depreciation and amortization	260		509
Interest on lease liabilities	Interest expense	31		61
Total lease cost		$	3,806	$	7,670



		Three Months Ended		Six Months Ended
Lease Cost	Classification	June 29, 2019		June 29, 2019
Operating lease cost	Facilities and facilities related	$	2,790	$	5,242
Finance lease cost
Amortization of financing lease assets	Depreciation and amortization	161		324
Interest on lease liabilities	Interest expense	20		45
Total lease cost		$	2,971	$	5,611

Schedule of Maturities of Lease Liabilities

As of June 27, 2020, maturities of the Company's lease liabilities under its long-term operating leases and finance leases for the next five fiscal years and thereafter are as follows:



Fiscal Year	Operating Leases			Finance Leases
Remainder of 2020	$	7,856		$	1,131
2021	13,307			874
2022	9,642			625
2023	7,322			360
2024	5,096			36
Thereafter	8,295			4
Total lease payments	51,518			3,030
Less: Interest	(4,780		)	(402		)
Present value of lease liabilities	$	46,738		$	2,628

Schedule of Maturities of Lease Liabilities

As of June 27, 2020, maturities of the Company's lease liabilities under its long-term operating leases and finance leases for the next five fiscal years and thereafter are as follows:



Fiscal Year	Operating Leases			Finance Leases
Remainder of 2020	$	7,856		$	1,131
2021	13,307			874
2022	9,642			625
2023	7,322			360
2024	5,096			36
Thereafter	8,295			4
Total lease payments	51,518			3,030
Less: Interest	(4,780		)	(402		)
Present value of lease liabilities	$	46,738		$	2,628