Leases (Notes)

12 Months Ended

Jan. 01, 2023

Disclosure Text Block [Abstract]

Leases [Text Block]

Leases

Lessee Disclosures

The Company leases certain property and equipment under operating and finance leases. The Company’s leases have remaining lease terms of less than 1 year to 30 years, some of which include options to extend the lease for up to 5 years, and some of which include options to terminate the lease within 1 year. Finance leases are not material to the Company.

The components of lease expense were as follows:

	January 1, 2023		January 2, 2022		January 3, 2021
	(In thousands)
Lease Cost:
Operating lease cost	$	39,989	$	39,516	37,613

Supplemental cash flow information related to leases was as follows:

	January 1, 2023		January 2, 2022		January 3, 2021
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	37,488	$	38,970	$	34,373
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	55,016	$	12,345	$	2,605

Supplemental balance sheet information related to leases was as follows:

	January 1, 2023		January 2, 2022
	(In thousands, except lease term and discount rate)
Operating Leases:
Operating lease right-of-use assets	$	188,351	$	164,040
Operating lease liabilities included in Accrued expenses and other current liabilities	$	31,217	$	29,313
Operating lease liabilities	169,968		147,395
Total operating lease liabilities	$	201,185	$	176,708
Weighted Average Remaining Lease Term in Years
Operating leases	6.1		5.8
Weighted Average Remaining Discount Rate
Operating leases	2.6%		1.8%

Lease costs from finance leases, short-term leases, variable lease costs and sub-lease income are not material.

Future payments of operating lease liabilities as of January 1, 2023 were as follows:

	(In thousands)
2023	$	38,452
2024	35,361
2025	32,080
2026	27,064
2027	23,983
2028 and thereafter	65,308
Total lease payments	222,248
Less imputed interest	(21,063)
Total	$	201,185