XML 38 R17.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases
12 Months Ended
Dec. 28, 2024
Leases [Abstract]  
Leases Leases
The components of total lease costs, net, consisted of the following:
Fiscal Year
(in thousands)202420232022
Operating lease costs$132,173 $119,908 $114,788 
Short-term and variable lease costs53,191 41,559 48,812 
Sublease income(2,452)(2,703)(2,510)
Finance lease costs:
Amortization of lease assets1,725 1,152 — 
Interest on lease obligations587 247 — 
Total lease costs, net$185,224 $160,163 $161,090 
The maturities of our lease obligations at December 28, 2024 were as follows:
(in thousands)Operating LeasesFinance LeasesTotal
2025$124,729$2,758$127,487
2026120,4712,454122,925
2027105,3751,981107,356
202883,9791,31585,294
202977,2931,24178,534
Thereafter282,6471,108283,755
Total undiscounted payments794,49410,857805,351
Less: Interest232,3422,384234,726
Present value of lease obligations$562,152$8,473$570,625
Supplemental cash flow information related to leases is as follows:
Fiscal Year
(in thousands)202420232022
Cash paid for amounts included in the measurement of lease obligations
Operating cash flows for operating leases$123,945 $112,139 $105,359 
Operating cash flows for finance leases587 247 — 
Financing cash flows for finance leases1,615 1,526 — 
Noncash investing activities
Assets obtained in exchange for new operating lease obligations$160,348 $145,206 $70,425 
Assets obtained in exchange for new finance lease obligations4,738 3,517 — 
Supplemental balance sheet information related to leases is as follows:
December 28, 2024December 30, 2023
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Weighted average remaining lease term (years)7.684.706.941.50
Weighted average discount rate8.62%8.65%8.53%5.16%