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Leases
3 Months Ended
Mar. 28, 2021
Leases [Abstract]  
Leases Leases
At March 28, 2021, the Company had right-of-use (“ROU”) assets, net of $183.3 million and lease liabilities of $183.6 million recorded on the condensed consolidated balance sheet.
The Company rents certain facilities and equipment under operating leases. The Company’s total lease cost is recorded primarily within selling, general and administrative expenses on the condensed consolidated statements of operations. Rents which are directly chargeable to a project are charged to cost of revenues.
During the three months ended March 28, 2021 and March 29, 2020, the Company recognized operating lease costs of approximately $15.6 million and $14.1 million, respectively.
The Company’s future minimum operating lease payments for noncancelable operating leases were as follows (in thousands):
March 28, 2021
Remainder of 2021$36,794 
202242,340 
202337,248 
202429,034 
202522,565 
Thereafter54,597 
Total future minimum lease payments222,578 
Less imputed interest38,942 
Present value of minimum lease payments183,636 
Less current maturities of lease liabilities47,163 
Long-term lease liabilities$136,473 
The weighted-average remaining lease term and the weighted-average discount rate for the Company’s operating leases were approximately 6.7 years and 6.2%, respectively, at March 28, 2021.
The Company made cash payments of approximately $12.1 million for operating leases for the three months ended March 28, 2021, which are included in cash flows from operating activities in the condensed consolidated statement of cash flows.