LEASES (Tables)

12 Months Ended

Dec. 31, 2022

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 31, 2022		January 1, 2022
Assets:
Operating lease assets	Operating lease right-of-use assets	$	55,406	$	54,971
Finance lease assets	Property, plant and equipment	7,533		9,380
Total lease assets		$	62,939	$	64,351
Liabilities:
Current
Operating lease liabilities	Operating lease liabilities	$	12,076	$	10,167
Finance lease liabilities	Current maturities of long-term debt	2,111		2,060
Non-current
Operating lease liabilities	Operating lease liabilities, non-current	55,649		55,940
Finance lease liabilities	Long-term debt, net of current portion	5,198		7,299
Total lease liabilities		$	75,034	$	75,466

Summary of Lease Cost

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

	Fiscal Year Ended
	December 31, 2022		January 1, 2022		January 2, 2021
Operating lease costs	$	12,943	$	12,312	$	9,599
Finance lease cost - amortization of right-of-use assets	1,860		1,046		211
Finance lease cost - interest on lease liabilities	182		139		64
Short-term lease cost	67		366		185
Variable lease cost	4,645		3,822		3,349
Sublease income	(743)		(743)		(757)
Total lease cost	$	18,954	$	16,942	$	12,651

The following table presents lease terms and discount rates:

	December 31, 2022		January 1, 2022
Weighted average remaining lease term:
Operating leases	5.90 years		6.06 years
Finance leases	4.73 years		4.35 years
Weighted average discount rate:
Operating leases	4.76	%	4.75	%
Finance leases	2.20	%	2.24	%

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

	December 31, 2022		January 1, 2022		January 2, 2021
Cash paid for amounts included in measurement of liabilities:
Operating cash flows used in operating leases	$	13,387	$	13,146	$	11,097
Operating cash flows used in finance leases	182		139		64
Financing cash flows used in finance leases	2,063		1,108		185
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	12,083		30,234		2,831
Finance leases	17		9,517		—

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 31, 2022 (in thousands):

	Operating Leases		Finance Leases		Total
2023	$	14,938	$	2,245	$	17,183
2024	14,948		2,325		17,273
2025	15,218		2,162		17,380
2026	11,413		831		12,244
2027	6,892		—		6,892
Thereafter	14,361		—		14,361
Total lease payments	77,770		7,563		85,333
Less: Effect of discounting to net present value	10,045		254		10,299
Present value of lease liabilities	$	67,725	$	7,309	$	75,034

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 31, 2022 (in thousands):

	Operating Leases		Finance Leases		Total
2023	$	14,938	$	2,245	$	17,183
2024	14,948		2,325		17,273
2025	15,218		2,162		17,380
2026	11,413		831		12,244
2027	6,892		—		6,892
Thereafter	14,361		—		14,361
Total lease payments	77,770		7,563		85,333
Less: Effect of discounting to net present value	10,045		254		10,299
Present value of lease liabilities	$	67,725	$	7,309	$	75,034