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Leases (Tables)
 3 Months Ended
Mar. 28, 2025
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:

March 28, 2025December 31, 2024
Weighted average remaining lease term:
Operating leases6.2 years6.4 years
Financing leases2.8 years2.9 years
Weighted average discount rate:
Operating leases4.1 %4.1 %
Financing leases5.2 %5.2 %

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

First Quarter
(in thousands)20252024
Operating lease costs$6,594 $7,789 
Short-term and variable leases2,087 3,030 
Depreciation expense from financing leases411 412 
Interest expense on financing lease obligations58 92 
Total lease cost$9,150 $11,323 
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 March 28, 2025:
(in thousands)Operating LeasesFinancing Leases
Remainder of 2025$20,667 $2,160 
202624,700 1,233 
202721,101 338 
202816,427 345 
202915,046 352 
Thereafter27,482 268 
Total minimum lease payments including interest$125,423 $4,696 
Less: Amounts representing interest14,704 315 
Present value of minimum lease principal payments110,719 4,381 
Less: Current portion of lease liabilities23,199 2,660 
Noncurrent portion of lease liabilities$87,520 $1,721 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2024:

(in thousands)Operating LeasesFinancing Leases
2025$26,799 $2,869 
202624,578 1,233 
202721,101 338 
202816,427 345 
202915,046 352 
Thereafter27,482 268 
Total minimum lease payments including interest$131,433 $5,405 
Less: Amounts representing interest15,814 374 
Present value of minimum lease principal payments115,619 5,031 
Less: Current portion of lease liabilities23,257 2,685 
Noncurrent portion of lease liabilities$92,362 $2,346 
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 March 28, 2025:
(in thousands)Operating LeasesFinancing Leases
Remainder of 2025$20,667 $2,160 
202624,700 1,233 
202721,101 338 
202816,427 345 
202915,046 352 
Thereafter27,482 268 
Total minimum lease payments including interest$125,423 $4,696 
Less: Amounts representing interest14,704 315 
Present value of minimum lease principal payments110,719 4,381 
Less: Current portion of lease liabilities23,199 2,660 
Noncurrent portion of lease liabilities$87,520 $1,721 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2024:

(in thousands)Operating LeasesFinancing Leases
2025$26,799 $2,869 
202624,578 1,233 
202721,101 338 
202816,427 345 
202915,046 352 
Thereafter27,482 268 
Total minimum lease payments including interest$131,433 $5,405 
Less: Amounts representing interest15,814 374 
Present value of minimum lease principal payments115,619 5,031 
Less: Current portion of lease liabilities23,257 2,685 
Noncurrent portion of lease liabilities$92,362 $2,346 
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 Quarter
(in thousands)20252024
Cash flows from operating activities impact:
Operating leases$6,243 $7,612 
Interest payments on financing lease obligations58 92 
Total cash flows from operating activities impact$6,301 $7,704 
Cash flows from financing activities impact:
Principal payments on financing lease obligations$650 $601 
Total cash flows from financing activities impact$650 $601