Leases (Tables)

3 Months Ended

Apr. 01, 2022

Leases [Abstract]

Schedule of Lease Costs

The components of the Company’s lease costs are:

	Three Months Ended April 1, 2022
Operating lease cost (a)	$	3,539
Variable lease cost	1,056
Short-term lease cost	110
Total lease cost	$	4,705

(a)Included in cost of sales, exclusive of depreciation and amortization, and selling, general and administrative expenses in the Company’s unaudited condensed consolidated statement of operations.

Supplemental cash flow information and non-cash activity related to the Company’s operating leases are as follows:

	Three Months Ended April 1, 2022
Cash paid for amounts included in the measurement of lease liabilities	$	3,405
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations	$	44,055

Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows:

	As of April 1, 2022
Weighted-average remaining lease term	4.75 years
Weighted-average discount rate	4.33	%

Schedule of Future Minimum Lease Payments

As of April 1, 2022, future lease payments under non-cancelable lease commitments for the next five fiscal years and thereafter were as follows:

Remainder of 2022	$	10,666
2023	10,541
2024	8,823
2025	7,562
2026	5,469
Thereafter	7,078
Total lease payments	50,139
Less: Imputed interest	5,341
Present value of lease liabilities	$	44,798

Schedule of Future Minimum Rental Payments for Operating Leases

The future minimum lease payments for operating lease obligations under ASC Topic 840 as of December 31, 2021 were as follows:

2022	$	13,168
2023	9,255
2024	7,558
2025	6,357
2026	4,510
Thereafter	5,460
Total future minimum lease payments	$	46,308