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Leased Property Under Capital Leases
12 Months Ended
Jan. 01, 2017
Leases [Abstract]  
Leased Property Under Capital Leases

6.

Leased Property Under Capital Leases

 

Leased property under capital leases consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

Estimated

(in thousands)

 

January 1, 2017

 

 

January 3, 2016

 

 

Useful Lives

Leased property under capital leases

 

$

94,125

 

 

$

98,001

 

 

3-20 years

Less:  Accumulated amortization

 

 

60,573

 

 

 

57,856

 

 

 

Leased property under capital leases, net

 

$

33,552

 

 

$

40,145

 

 

 

 

As of January 1, 2017, real estate represented all of the leased property under capital leases, net and $19.4 million of this real estate is leased from related parties as discussed in Note 19 to the consolidated financial statements. The Company’s outstanding lease obligations for capital leases were $48.7 million as of January 1, 2017 and $55.8 million as of January 3, 2016.