Leases (Notes)

12 Months Ended

Dec. 31, 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 26 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:

	December 31, 2023		January 1, 2023		January 2, 2022
	(In thousands)
Lease Cost:
Operating lease cost	$	47,738	$	39,989	$	39,516

Supplemental cash flow information related to leases was as follows:

	December 31, 2023		January 1, 2023		January 2, 2022
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	42,597	$	37,488	$	38,970
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	10,049		55,016		12,345

Supplemental balance sheet information related to leases was as follows:

	December 31, 2023		January 1, 2023
	(In thousands, except lease term and discount rate)
Operating Leases:
Operating lease right-of-use assets	$	155,083	$	188,351
Operating lease liabilities included in Accrued expenses and other current liabilities	$	32,906	$	31,217
Operating lease liabilities	132,747		169,968
Total operating lease liabilities	$	165,653	$	201,185
Weighted Average Remaining Lease Term in Years
Operating leases	7.2		6.1
Weighted Average Remaining Discount Rate
Operating leases	3.8%		2.6%

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 December 31, 2023 were as follows:

	(In thousands)
2024	$	40,010
2025	31,197
2026	24,747
2027	21,368
2028	17,382
2029 and thereafter	56,051
Total lease payments	190,755
Less imputed interest	(25,102)
Total	$	165,653