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Leases (Tables)
 9 Months Ended
Sep. 27, 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:

September 27, 2024December 31, 2023
Weighted average remaining lease term:
Operating leases6.4 years6.7 years
Financing leases3.0 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:

Third QuarterFirst Nine Months
(in thousands)2024202320242023
Operating lease costs$7,289 $8,293 $22,553 $24,871 
Short-term and variable leases3,421 4,151 9,820 11,942 
Depreciation expense from financing leases412 413 1,235 1,235 
Interest expense on financing lease obligations77 109 253 346 
Total lease cost$11,199 $12,966 $33,861 $38,394 
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 September 27, 2024:

(in thousands)Operating LeasesFinancing Leases
Remainder of 2024$7,402 $707 
202524,090 2,869 
202620,862 1,233 
202718,362 338 
202813,634 345 
Thereafter38,748 620 
Total minimum lease payments including interest$123,098 $6,112 
Less: Amounts representing interest14,912 441 
Present value of minimum lease principal payments108,186 5,671 
Less: Current portion of lease liabilities22,323 2,635 
Noncurrent portion of lease liabilities$85,863 $3,036 

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 September 27, 2024:

(in thousands)Operating LeasesFinancing Leases
Remainder of 2024$7,402 $707 
202524,090 2,869 
202620,862 1,233 
202718,362 338 
202813,634 345 
Thereafter38,748 620 
Total minimum lease payments including interest$123,098 $6,112 
Less: Amounts representing interest14,912 441 
Present value of minimum lease principal payments108,186 5,671 
Less: Current portion of lease liabilities22,323 2,635 
Noncurrent portion of lease liabilities$85,863 $3,036 

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 Nine Months
(in thousands)20242023
Cash flows from operating activities impact:
Operating leases$22,454 $24,666 
Interest payments on financing lease obligations253 346 
Total cash flows from operating activities impact$22,707 $25,012 
Cash flows from financing activities impact:
Principal payments on financing lease obligations$1,848 $1,712 
Total cash flows from financing activities impact$1,848 $1,712