LEASES (Tables)

12 Months Ended

Dec. 30, 2023

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 30, 2023		December 31, 2022
Assets:
Operating lease assets	Operating lease right-of-use assets	$	77,556	$	55,406
Finance lease assets	Property and equipment, net	6,295		7,533
Total lease assets		$	83,851	$	62,939
Liabilities:
Current
Operating lease liabilities	Operating lease liabilities	$	14,726	$	12,076
Finance lease liabilities	Current maturities of long-term debt	2,360		2,111
Non-current
Operating lease liabilities	Operating lease liabilities, non-current	76,163		55,649
Finance lease liabilities	Long-term debt, net of current portion	3,445		5,198
Total lease liabilities		$	96,694	$	75,034

Summary of Lease Cost

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

	Fiscal Year Ended
	December 30, 2023		December 31, 2022		January 1, 2022
Operating lease costs	$	14,889	$	12,943	12,312
Finance lease cost - amortization of right-of-use assets	1,862		1,860		1,046
Finance lease cost - interest on lease liabilities	138		182		139
Short-term lease cost	246		67		366
Variable lease cost	5,537		4,645		3,822
Sublease income	(747)		(743)		(743)
Total lease cost	$	21,925	$	18,954	$	16,942

The following table presents lease terms and discount rates:

	December 30, 2023		December 31, 2022
Weighted average remaining lease term:
Operating leases	6.38 years		5.90 years
Finance leases	4.01 years		4.73 years
Weighted average discount rate:
Operating leases	4.87	%	4.76	%
Finance leases	2.50	%	2.20	%

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

	December 30, 2023		December 31, 2022		January 1, 2022
Cash paid for amounts included in measurement of liabilities:
Operating cash flows used in operating leases	$	15,047	$	13,387	$	13,146
Operating cash flows used in finance leases	137		182		139
Financing cash flows used in finance leases	2,131		2,063		1,108
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	35,497		12,083		30,234
Finance leases	625		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 30, 2023 (in thousands):

	Operating Leases		Finance Leases		Total
2024	$	18,571	$	2,300	$	20,871
2025	21,236		2,360		23,596
2026	17,612		1,011		18,623
2027	13,280		176		13,456
2028	9,427		156		9,583
Thereafter	27,153		—		27,153
Total lease payments	107,279		6,003		113,282
Less: Effect of discounting to net present value	16,390		198		16,588
Present value of lease liabilities	$	90,889	$	5,805	$	96,694

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 30, 2023 (in thousands):

	Operating Leases		Finance Leases		Total
2024	$	18,571	$	2,300	$	20,871
2025	21,236		2,360		23,596
2026	17,612		1,011		18,623
2027	13,280		176		13,456
2028	9,427		156		9,583
Thereafter	27,153		—		27,153
Total lease payments	107,279		6,003		113,282
Less: Effect of discounting to net present value	16,390		198		16,588
Present value of lease liabilities	$	90,889	$	5,805	$	96,694