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Leases (Tables)
 6 Months Ended
Jun. 28, 2024
Leases [Abstract]  
Summary of Weighted Average Remaining Lease Term and Discount Rate and Leases Within Condensed Consolidated Statement of Operations
Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases:

June 28, 2024December 31, 2023
Weighted average remaining lease term:
Operating leases6.5 years6.7 years
Financing leases3.1 years3.5 years
Weighted average discount rate:
Operating leases3.9 %3.8 %
Financing leases5.2 %5.2 %

Following is a summary of the Company’s leases within the condensed consolidated statements of operations:

Second QuarterFirst Half
(in thousands)2024202320242023
Operating lease costs$7,475 $8,305 $15,264 $16,578 
Short-term and variable leases3,369 4,026 6,399 7,791 
Depreciation expense from financing leases411 411 823 822 
Interest expense on financing lease obligations84 116 176 237 
Total lease cost$11,339 $12,858 $22,662 $25,428 
Summary of Future Minimum Lease Payments for Noncancelable Operating Leases Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of June 28, 2024:
(in thousands)Operating LeasesFinancing Leases
Remainder of 2024$14,976 $1,412 
202524,428 2,869 
202621,205 1,233 
202718,701 338 
202813,969 345 
Thereafter39,096 620 
Total minimum lease payments including interest$132,375 $6,817 
Less: Amounts representing interest16,204 519 
Present value of minimum lease principal payments116,171 6,298 
Less: Current portion of lease liabilities23,923 2,584 
Noncurrent portion of lease liabilities$92,248 $3,714 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2023:

(in thousands)Operating LeasesFinancing Leases
2024$29,932 $2,808 
202524,329 2,869 
202621,115 1,233 
202718,614 338 
202813,890 345 
Thereafter39,022 620 
Total minimum lease payments including interest$146,902 $8,213 
Less: Amounts representing interest18,437 694 
Present value of minimum lease principal payments128,465 7,519 
Less: Current portion of lease liabilities26,194 2,487 
Noncurrent portion of lease liabilities$102,271 $5,032 
Summary of Future Minimum Lease Payments for Noncancelable Finance Leases Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of June 28, 2024:
(in thousands)Operating LeasesFinancing Leases
Remainder of 2024$14,976 $1,412 
202524,428 2,869 
202621,205 1,233 
202718,701 338 
202813,969 345 
Thereafter39,096 620 
Total minimum lease payments including interest$132,375 $6,817 
Less: Amounts representing interest16,204 519 
Present value of minimum lease principal payments116,171 6,298 
Less: Current portion of lease liabilities23,923 2,584 
Noncurrent portion of lease liabilities$92,248 $3,714 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2023:

(in thousands)Operating LeasesFinancing Leases
2024$29,932 $2,808 
202524,329 2,869 
202621,115 1,233 
202718,614 338 
202813,890 345 
Thereafter39,022 620 
Total minimum lease payments including interest$146,902 $8,213 
Less: Amounts representing interest18,437 694 
Present value of minimum lease principal payments128,465 7,519 
Less: Current portion of lease liabilities26,194 2,487 
Noncurrent portion of lease liabilities$102,271 $5,032 
Summary of Leases Within Condensed Consolidated Statement of Cash Flow
Following is a summary of the Company’s leases within the condensed consolidated statements of cash flows:

First Half
(in thousands)20242023
Cash flows from operating activities impact:
Operating leases$14,989 $16,209 
Interest payments on financing lease obligations176 237 
Total cash flows from operating activities impact$15,165 $16,446 
Cash flows from financing activities impact:
Principal payments on financing lease obligations$1,221 $1,130 
Total cash flows from financing activities impact$1,221 $1,130