LEASES (Tables)

6 Months Ended

Jun. 27, 2020

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	June 27, 2020
Assets:
Operating lease assets	Operating lease right-of-use assets	$	34,963
Finance lease assets	Property and equipment	1,015
Total lease assets		$	35,978
Liabilities:
Current
Operating lease liabilities	Operating lease liabilities	$	8,086
Finance lease liabilities	Current maturities of long-term debt	191
Non-current
Operating lease liabilities	Operating lease liabilities, non-current	38,589
Finance lease liabilities	Long-term debt, net of current portion	853
Total lease liabilities		$	47,719

Summary of Lease Cost

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

	Three Months Ended		Six Months Ended
	June 27, 2020		June 27, 2020
Operating lease costs	$	2,314	$	4,611
Finance lease cost - amortization of right-of-use assets	53		106
Finance lease cost - interest on lease liabilities	17		34
Short-term lease cost	49		104
Variable lease cost	816		1,654
Sublease income	(185)		(371)
Total lease cost	$	3,064	$	6,138

The following table presents lease terms and discount rates:

	June 27, 2020
Weighted average remaining lease term:
Operating leases	6.63 years
Finance leases	4.18 years
Weighted average discount rate:
Operating leases	6.61	%
Finance leases	6.24	%

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

	Six Months Ended June 27, 2020
Cash paid for amounts included in measurement of liabilities:
Operating cash flows used in operating leases	$	5,100
Operating cash flows used in finance leases	34
Financing cash flows used in finance leases	91
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	231

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 June 27, 2020 (in thousands):

	Operating Leases		Finance Leases		Total
2020	$	5,891	$	125	$	6,016
2021	9,861		249		10,110
2022	6,991		249		7,240
2023	7,716		249		7,965
2024	7,474		330		7,804
Thereafter	20,048		—		20,048
Total lease payments	57,981		1,202		59,183
Less: Effect of discounting to net present value	11,306		158		11,464
Present value of lease liabilities	$	46,675	$	1,044	$	47,719

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 June 27, 2020 (in thousands):

	Operating Leases		Finance Leases		Total
2020	$	5,891	$	125	$	6,016
2021	9,861		249		10,110
2022	6,991		249		7,240
2023	7,716		249		7,965
2024	7,474		330		7,804
Thereafter	20,048		—		20,048
Total lease payments	57,981		1,202		59,183
Less: Effect of discounting to net present value	11,306		158		11,464
Present value of lease liabilities	$	46,675	$	1,044	$	47,719