Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases

Schedule of components of lease expense

		13 Weeks Ended				39 Weeks Ended
(In thousands)	Statement of Operations Caption	September 30, 2023		September 24, 2022		September 30, 2023		September 24, 2022
Operating lease cost:
Lease cost	Cost of sales and Selling, general and administrative	$	809	$	823	$	2,430	$	2,502
Variable lease cost (1)	Cost of sales and Selling, general and administrative		8,039		379		13,797		1,099
Total operating lease cost			8,848		1,202		16,227		3,601
Short term lease cost	Cost of sales and Selling, general and administrative		68		81		177		177
Finance lease cost:
Amortization of right-of-use assets	Cost of sales and Selling, general and administrative		78		66		208		196
Interest on lease liabilities	Interest expense, net		159		132		423		397
Total finance lease cost			237		198		631		593
Total lease cost		$	9,153	$	1,481	$	17,035	$	4,371

(1) Variable lease cost primarily consists of the cost of inventory sold under a manufacturing and supply agreement, as well as common area maintenance, utilities, taxes and insurance.

Schedule of assets and liabilities related to both operating and finance leases

(In thousands)	Balance Sheet Caption	September 30, 2023		December 31, 2022
Assets
Operating lease right-of-use assets	Operating lease right-of-use assets	$	11,482	$	13,332
Finance lease right-of-use assets	Property and equipment, net		6,463		6,038
Total lease assets		$	17,945	$	19,370
Liabilities
Current:
Operating lease liabilities	Current portion of long-term operating lease liabilities	$	3,045	$	3,308
Finance lease liabilities	Current portion of long-term debt		202		99
Long-term:
Operating lease liabilities	Long-term operating lease liabilities		11,867		14,063
Finance lease liabilities	Long-term debt, net of debt issuance costs		7,408		6,918
Total lease liabilities		$	22,522	$	24,388

Schedule of weighted-average remaining lease term and weighted-average discount rate for operating and finance leases

	September 30, 2023		December 31, 2022
Weighted-average remaining lease term (in years):
Operating leases	6.0		6.4
Finance leases	32.5		34.2
Weighted-average discount rate
Operating leases	5.0	%	4.9	%
Finance leases	7.8	%	7.8	%

Schedule of future minimum lease payments of operating leases

(In thousands)	Operating Leases		Finance Leases
Fiscal year ending:
Remainder of 2023	$	1,023	$	195
2024		3,493		727
2025		2,982		671
2026		3,005		574
2027		3,064		551
Thereafter		3,856		19,346
Total lease payments		17,423		22,064
Less: Interest		(2,511)		(14,454)
Present value of lease liabilities	$	14,912	$	7,610

Schedule of future minimum lease payments of finance leases

(In thousands)	Operating Leases		Finance Leases
Fiscal year ending:
Remainder of 2023	$	1,023	$	195
2024		3,493		727
2025		2,982		671
2026		3,005		574
2027		3,064		551
Thereafter		3,856		19,346
Total lease payments		17,423		22,064
Less: Interest		(2,511)		(14,454)
Present value of lease liabilities	$	14,912	$	7,610

Schedule of supplemental cash flow and other information related to leases

	39 Weeks Ended
(In thousands)	September 30, 2023		September 24, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	3,039	$	3,042
Operating cash flows from finance leases		423		397
Financing cash flows from finance leases		73		59
Lease liabilities arising from lease right-of-use assets
Finance leases		667		—
Operating leases		—		78