Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

Leases

The Company primarily leases property under operating leases and has six equipment operating leases for aircrafts used by its geospatial operations. The Company's property operating leases consist of various office facilities. The Company uses a portfolio approach to account for such leases due to the similarities in characteristics and applies an incremental borrowing rate based on estimates of rates the Company would pay for senior collateralized loans over a similar term. The Company's office leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company accounts for lease components (e.g. fixed payments including rent, real estate taxes and common area maintenance costs) as a single lease component. Some of the Company's leases include one or more options to renew the lease term at its sole discretion; however, these are not included in the calculation of its lease liability or right-of-use ("ROU") lease asset because they are not reasonably certain of exercise.

The Company also leases vehicles through a fleet leasing program. The payments for the vehicles are based on the terms selected. The Company has determined that it is reasonably certain that the leased vehicles will be held beyond the period in which the entire capitalized value of the vehicle has been paid to the lessor. As such, the capitalized value is the delivered price of the vehicle. The Company's vehicle leases are classified as financing leases.

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

Leases	Classification	December 31, 2022		January 1, 2022
Assets
Operating lease assets	Right-of-use lease asset, net (1)	$	39,314	$	44,260
Finance lease assets	Property and equipment, net (1)	3,446		2,197
Total leased assets		$	42,760	$	46,457
Liabilities
Current
Operating	Accrued liabilities	$	(13,081)	$	(12,897)
Finance	Current portion of notes payable and other obligations	(1,333)		(1,225)
Noncurrent
Operating	Other long-term liabilities	(28,452)		(33,169)
Finance	Notes payable and other obligations, less current portion	(2,132)		(990)
Total lease liabilities		$	(44,998)	$	(48,281)

(1)As of December 31, 2022, operating right of-use lease assets and finance lease assets are recorded net of accumulated amortization of $35,646 and $4,864, respectively. As of January 1, 2022, operating right-of-use lease assets and finance lease assets are recorded net of accumulated amortization of $29,257 and $3,643, respectively.

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

Weighted - Average Remaining Lease Term (Years)	December 31, 2022	January 1, 2022
Operating leases	4.0	4.5
Finance leases	2.2	1.6
Weighted - Average Discount Rate
Operating leases	4%	4%
Finance leases	7%	7%

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

	Fiscal Year Ended
	December 31, 2022		January 1, 2022		January 2, 2021
Operating cash flows from operating leases	$	13,739	$	14,081	$	13,854
Financing cash flows from finance leases	$	1,241	$	1,274	$	267
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	7,058	$	9,249	$	13,427

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

		Fiscal Year Ended
Lease Cost	Classification	December 31, 2022		January 1, 2022		January 2, 2021
Operating lease cost	Facilities and facilities related	$	15,724	$	15,439	$	15,071
Variable operating lease cost	Facilities and facilities related	3,806		1,655		2,934
Finance lease cost
Amortization of financing lease assets	Depreciation and amortization	1,239		1,250		1,035
Interest on lease liabilities	Interest expense	121		154		121
Total lease cost		$	20,890	$	18,498	$	19,161

As of December 31, 2022, 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
2023	$	14,221	$	1,410
2024	11,259		911
2025	8,389		748
2026	5,727		698
2027	2,519		237
Thereafter	2,445		9
Total lease payments	44,560		4,013
Less: Interest	(3,027)		(548)
Present value of lease liabilities	$	41,533	$	3,465

Leases

Leases

The Company primarily leases property under operating leases and has six equipment operating leases for aircrafts used by its geospatial operations. The Company's property operating leases consist of various office facilities. The Company uses a portfolio approach to account for such leases due to the similarities in characteristics and applies an incremental borrowing rate based on estimates of rates the Company would pay for senior collateralized loans over a similar term. The Company's office leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company accounts for lease components (e.g. fixed payments including rent, real estate taxes and common area maintenance costs) as a single lease component. Some of the Company's leases include one or more options to renew the lease term at its sole discretion; however, these are not included in the calculation of its lease liability or right-of-use ("ROU") lease asset because they are not reasonably certain of exercise.

The Company also leases vehicles through a fleet leasing program. The payments for the vehicles are based on the terms selected. The Company has determined that it is reasonably certain that the leased vehicles will be held beyond the period in which the entire capitalized value of the vehicle has been paid to the lessor. As such, the capitalized value is the delivered price of the vehicle. The Company's vehicle leases are classified as financing leases.

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

Leases	Classification	December 31, 2022		January 1, 2022
Assets
Operating lease assets	Right-of-use lease asset, net (1)	$	39,314	$	44,260
Finance lease assets	Property and equipment, net (1)	3,446		2,197
Total leased assets		$	42,760	$	46,457
Liabilities
Current
Operating	Accrued liabilities	$	(13,081)	$	(12,897)
Finance	Current portion of notes payable and other obligations	(1,333)		(1,225)
Noncurrent
Operating	Other long-term liabilities	(28,452)		(33,169)
Finance	Notes payable and other obligations, less current portion	(2,132)		(990)
Total lease liabilities		$	(44,998)	$	(48,281)

(1)As of December 31, 2022, operating right of-use lease assets and finance lease assets are recorded net of accumulated amortization of $35,646 and $4,864, respectively. As of January 1, 2022, operating right-of-use lease assets and finance lease assets are recorded net of accumulated amortization of $29,257 and $3,643, respectively.

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

Weighted - Average Remaining Lease Term (Years)	December 31, 2022	January 1, 2022
Operating leases	4.0	4.5
Finance leases	2.2	1.6
Weighted - Average Discount Rate
Operating leases	4%	4%
Finance leases	7%	7%

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

	Fiscal Year Ended
	December 31, 2022		January 1, 2022		January 2, 2021
Operating cash flows from operating leases	$	13,739	$	14,081	$	13,854
Financing cash flows from finance leases	$	1,241	$	1,274	$	267
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	7,058	$	9,249	$	13,427

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

		Fiscal Year Ended
Lease Cost	Classification	December 31, 2022		January 1, 2022		January 2, 2021
Operating lease cost	Facilities and facilities related	$	15,724	$	15,439	$	15,071
Variable operating lease cost	Facilities and facilities related	3,806		1,655		2,934
Finance lease cost
Amortization of financing lease assets	Depreciation and amortization	1,239		1,250		1,035
Interest on lease liabilities	Interest expense	121		154		121
Total lease cost		$	20,890	$	18,498	$	19,161

As of December 31, 2022, 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
2023	$	14,221	$	1,410
2024	11,259		911
2025	8,389		748
2026	5,727		698
2027	2,519		237
Thereafter	2,445		9
Total lease payments	44,560		4,013
Less: Interest	(3,027)		(548)
Present value of lease liabilities	$	41,533	$	3,465