LEASES (Tables)

12 Months Ended

Dec. 28, 2019

Leases [Abstract]

Summary of Balance Sheet

The following table presents the assets and liabilities related to operating and finance leases (in thousands):

	Balance Sheet Location	December 28, 2019
Assets:
Operating lease assets	Operating lease right-of-use assets	$	37,768
Finance lease assets	Property, plant and equipment	1,120
Total lease assets		$	38,888
Liabilities:
Current
Operating lease liabilities	Operating lease liabilities	$	7,768
Finance lease liabilities	Current maturities of long-term debt	185
Non-current
Operating lease liabilities	Operating lease liabilities, non-current	42,200
Finance lease liabilities	Long-term debt, net of current portion	950
Total lease liabilities		$	51,103

Summary of Lease Cost

The following table presents the components of lease costs (in thousands):

	Year Ended
	December 28, 2019
Operating lease costs	$	8,002
Finance lease cost - amortization of right-of-use assets	88
Finance lease cost - interest on lease liabilities	30
Short-term lease cost	249
Variable lease cost	2,806
Sublease income	(743)
Total lease cost	$	10,432

The following table presents lease terms and discount rates:

	December 28, 2019
Weighted average remaining lease term:
Operating leases	7.01 years
Finance leases	4.68 years
Weighted average discount rate:
Operating leases	6.62	%
Finance leases	6.24	%

The following table presents supplemental cash flow information related to our leases (in thousands):

	December 28, 2019
Cash paid for amounts included in measurement of liabilities:
Operating cash flows used in operating leases	$	8,469
Operating cash flows used in finance leases	30
Financing cash flows used in finance leases	74
Right-of-use assets obtained in exchange for new lease liabilities:
Finance leases	1,208
Operating leases	10,015

Schedule of Operating Lease Liability, Maturity

The following table presents the minimum lease payment obligations of operating and finance lease liabilities (leases with terms in excess of one year) for the next five years and thereafter as of December 28, 2019 (in thousands):

	Operating Leases		Finance Leases		Total
2020	$	10,261	$	249	$	10,510
2021	9,843		249		10,092
2022	7,505		249		7,754
2023	7,716		249		7,965
2024	7,474		330		7,804
Thereafter	20,048		—		20,048
Total lease payments	62,847		1,326		64,173
Less: Effect of discounting to net present value	12,879		191		13,070
Present value of lease liabilities	$	49,968	$	1,135	$	51,103

Schedule of Finance Lease Liability, Maturity

The following table presents the minimum lease payment obligations of operating and finance lease liabilities (leases with terms in excess of one year) for the next five years and thereafter as of December 28, 2019 (in thousands):

	Operating Leases		Finance Leases		Total
2020	$	10,261	$	249	$	10,510
2021	9,843		249		10,092
2022	7,505		249		7,754
2023	7,716		249		7,965
2024	7,474		330		7,804
Thereafter	20,048		—		20,048
Total lease payments	62,847		1,326		64,173
Less: Effect of discounting to net present value	12,879		191		13,070
Present value of lease liabilities	$	49,968	$	1,135	$	51,103

Schedule of Future Minimum Lease Payments and Commitments

The following table presents future minimum lease payment obligations under our non-cancelable operating leases with lease terms in excess of one year as of December 29, 2018, prior to the adoption of ASC 842 (in thousands):

	Operating Leases
2019	$	4,670
2020	5,024
2021	4,405
2022	4,486
2023	4,627
Thereafter	23,047
Total lease payments	$	46,259

Future commitments under non-cancelable agreements at December 28, 2019 were as follows (in thousands):

			Fiscal
	Total		2019		2020		2021		2022		2023		Thereafter
Other noncancelable agreements (1)	$	37,149	$	17,807	$	13,328	$	3,616	$	2,398	$	—	$	—

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(1)We have entered into commitments for service and maintenance agreements related to our management information systems, distribution contracts, advertising, sponsorships, and licensing agreements.