XML 48 R38.htm IDEA: XBRL DOCUMENT v3.22.2
Leases (Tables)
6 Months Ended
Jul. 01, 2022
Leases [Abstract]  
Schedule of Lease Costs
The components of the Company’s lease costs are:
Three Months Ended
July 1, 2022
Six Months Ended
July 1, 2022
Operating lease cost (a)
$3,533 $7,072 
Variable lease cost923 1,979 
Short-term lease cost76 186 
Total lease cost$4,532 $9,237 
(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
July 1, 2022
Six Months Ended
July 1, 2022
Cash paid for amounts included in the measurement of lease liabilities$3,399 $6,804 
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations$842 $44,897 

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

As of
July 1, 2022
Weighted-average remaining lease term4.68 years
Weighted-average discount rate4.38 %
Schedule of Future Minimum Lease Payments
As of July 1, 2022, future lease payments under non-cancelable lease commitments for the next five fiscal years and thereafter were as follows:

Remainder of 2022
$7,302 
202310,628 
20248,952 
20257,676 
20265,597 
Thereafter7,349 
Total lease payments
47,504 
Less: Imputed interest
4,993 
Present value of lease liabilities
$42,511 
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 
20239,255 
20247,558 
20256,357 
20264,510 
Thereafter5,460 
Total future minimum lease payments$46,308