Leases (Tables)

9 Months Ended

Oct. 04, 2020

Leases [Abstract]

Balance Sheet Information, Lessee [Table Text Block]

The table below represents a summary of the balances recorded in the consolidated condensed balance sheets related to our leases as of October 4, 2020 and December 29, 2019:

	October 4, 2020				December 29, 2019
Balance Sheet Location	Operating Leases		Finance Leases		Operating Leases		Finance Leases
	(In thousands)
Operating lease right-of-use assets	$	99,815			$	107,044
Current portion of operating lease liabilities	$	14,015			$	15,914
Operating lease liabilities	87,276				91,829
Total operating lease liabilities	$	101,291			$	107,743
Property and equipment			$	5,786			$	5,007
Accrued expenses			$	1,415			$	1,489
Other long-term liabilities			2,299				1,673
Total finance lease liabilities			$	3,714			$	3,162

Schedule of Lease Cost

Lease Costs

	Three Months Ended				Nine Months Ended
	October 4, 2020		September 29, 2019		October 4, 2020		September 29, 2019
	(In thousands)
Finance lease cost:
Amortization of right-of-use assets	$	176	$	112	$	811	$	536
Interest on lease liabilities	22		12		56		31
Operating lease cost	6,095		6,023		19,076		17,624
Short-term lease cost	85		363		426		1,509
Variable lease cost	1,089		561		2,659		1,319
Total lease cost	$	7,467	$	7,071	$	23,028	$	21,019

Weighted Average Lease Term And Discount Rate, Lessee [Table Text Block]

The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of October 4, 2020 and December 29, 2019:

	October 4, 2020		December 29, 2019
Weighted-average remaining lease term – finance leases (in years)	3.29		2.76
Weighted-average remaining lease term – operating leases (in years)	10.59		10.60
Weighted-average discount rate – finance leases	2.75	%	2.06	%
Weighted-average discount rate – operating leases	5.96	%	5.86	%

Lease Liability Maturity Schedule

A maturity analysis of lease payments under non-cancellable leases is presented as follows:

Fiscal Year	Operating Leases		Finance Leases
	(In thousands)
2020 (excluding the nine months ended October 4, 2020)	$	5,262	$	411
2021	18,529		1,367
2022	15,126		903
2023	12,464		680
2024	10,513		407
Thereafter	78,668		153
Total future minimum lease payments (undiscounted)	140,562		3,921
Less: Present value discount	(39,271)		(207)
Total lease liability	$	101,291	$	3,714

Lease Liability Maturity Schedule

A maturity analysis of lease payments under non-cancellable leases is presented as follows:

Fiscal Year	Operating Leases		Finance Leases
	(In thousands)
2020 (excluding the nine months ended October 4, 2020)	$	5,262	$	411
2021	18,529		1,367
2022	15,126		903
2023	12,464		680
2024	10,513		407
Thereafter	78,668		153
Total future minimum lease payments (undiscounted)	140,562		3,921
Less: Present value discount	(39,271)		(207)
Total lease liability	$	101,291	$	3,714

Other Supplemental Information, Lessee

Other Supplemental Information

	Three Months Ended				Nine Months Ended
	October 4, 2020		September 29, 2019		October 4, 2020		September 29, 2019
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	22	$	12	$	56	$	31
Operating cash flows from operating leases	5,528		5,653		16,978		16,158
Financing cash flows from finance leases	442		291		1,252		808
Right-of-use assets obtained in exchange for new finance lease liabilities	1,156		252		1,709		803
Right-of-use assets obtained in exchange for new operating lease liabilities	1,517		1,437		5,582		7,973