Leases (Tables)

12 Months Ended

Dec. 29, 2019

Leases [Abstract]

Schedule of Lease Cost

The table below represents a summary of the balances recorded in the consolidated balance sheet related to our leases as of December 29, 2019:

	December 29, 2019
	(In thousands)
Balance Sheet Location	Operating Leases		Finance Leases
Operating lease right-of-use assets	$	107,044
Current portion of operating lease liabilities	$	15,914
Operating lease liabilities	91,829
Total operating lease liabilities	$	107,743
Property and equipment			$	5,007
Accrued expenses			$	1,489
Other long-term liabilities			1,673
Total finance lease liabilities			$	3,162

Lease Costs

	Fiscal Year
	2019
Lease cost	(In thousands)
Finance lease cost:
Amortization of right-of-use assets	$	890
Interest on lease liabilities	51
Operating lease cost	24,246
Short-term lease cost	2,057
Variable lease cost	3,665
Total lease cost	$	30,909
Other supplemental information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	51
Operating cash flows from operating leases	22,597
Financing cash flows from finance leases	1,255
Right-of-use assets obtained in exchange for new finance lease liabilities	2,240
Right-of-use assets obtained in exchange for new operating lease liabilities	12,655

Rental expense amounted to approximately $28.5 million and $22.0 million for the years 2018 and 2017, respectively.

	December 29, 2019
Weighted-average remaining lease term – finance leases (in years)	2.76
Weighted-average remaining lease term – operating leases (in years)	10.60
Weighted-average discount rate – finance leases	2.06	%
Weighted-average discount rate – operating leases	5.86	%

Lease Liability Maturity Schedule

Maturity analysis of lease payments under non-cancellable leases were as follows:

Fiscal Year	Operating Leases			Finance Leases
	(In thousands)
2020	$	21,659		$	1,543
2021	17,264			861
2022	13,825			475
2023	11,504			290
2024	9,959			88
Thereafter	75,360			—
Total future minimum lease payments (undiscounted)	149,571			3,257
Less: Present value discount	(41,828		)	(95		)
Total lease liability	$	107,743		$	3,162

Lease Liability Maturity Schedule

Maturity analysis of lease payments under non-cancellable leases were as follows:

Fiscal Year	Operating Leases			Finance Leases
	(In thousands)
2020	$	21,659		$	1,543
2021	17,264			861
2022	13,825			475
2023	11,504			290
2024	9,959			88
Thereafter	75,360			—
Total future minimum lease payments (undiscounted)	149,571			3,257
Less: Present value discount	(41,828		)	(95		)
Total lease liability	$	107,743		$	3,162