LEASES (Tables)

9 Months Ended

Sep. 26, 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	September 26, 2020
Assets:
Operating lease assets	Operating lease right-of-use assets	$	34,652
Finance lease assets	Property and equipment	962
Total lease assets		$	35,614
Liabilities:
Current
Operating lease liabilities	Operating lease liabilities	$	8,425
Finance lease liabilities	Current maturities of long-term debt	194
Non-current
Operating lease liabilities	Operating lease liabilities, non-current	37,679
Finance lease liabilities	Long-term debt, net of current portion	804
Total lease liabilities		$	47,102

Summary of Lease Cost

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

	Three Months Ended		Nine Months Ended
	September 26, 2020		September 26, 2020
Operating lease costs	$	2,410	$	7,021
Finance lease cost - amortization of right-of-use assets	53		159
Finance lease cost - interest on lease liabilities	15		49
Short-term lease cost	36		140
Variable lease cost	838		2,492
Sublease income	(186)		(557)
Total lease cost	$	3,166	$	9,304

The following table presents lease terms and discount rates:

	September 26, 2020
Weighted average remaining lease term:
Operating leases	6.39 years
Finance leases	3.93 years
Weighted average discount rate:
Operating leases	6.52	%
Finance leases	6.24	%

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

	Nine Months Ended September 26, 2020
Cash paid for amounts included in measurement of liabilities:
Operating cash flows used in operating leases	$	7,770
Operating cash flows used in finance leases	49
Financing cash flows used in finance leases	138
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	1,580

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 September 26, 2020 (in thousands):

	Operating Leases		Finance Leases		Total
2020	$	3,326	$	62	$	3,388
2021	10,391		249		10,640
2022	7,454		249		7,703
2023	7,878		249		8,127
2024	7,575		330		7,905
Thereafter	20,107		—		20,107
Total lease payments	56,731		1,139		57,870
Less: Effect of discounting to net present value	10,627		141		10,768
Present value of lease liabilities	$	46,104	$	998	$	47,102

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 September 26, 2020 (in thousands):

	Operating Leases		Finance Leases		Total
2020	$	3,326	$	62	$	3,388
2021	10,391		249		10,640
2022	7,454		249		7,703
2023	7,878		249		8,127
2024	7,575		330		7,905
Thereafter	20,107		—		20,107
Total lease payments	56,731		1,139		57,870
Less: Effect of discounting to net present value	10,627		141		10,768
Present value of lease liabilities	$	46,104	$	998	$	47,102