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Leases (Tables)
 9 Months Ended
Oct. 01, 2023
Leases [Abstract]  
Balance Sheet Information, Lessee
The table below represents a summary of the balances recorded in the consolidated condensed balance sheets related to the Company’s leases as of October 1, 2023 and January 1, 2023:
October 1, 2023January 1, 2023
Balance Sheet LocationOperating LeasesFinance LeasesOperating LeasesFinance Leases
(in thousands)
Operating lease right-of-use assets$75,604 $81,644 
 
Current portion of operating lease liabilities$10,829 $11,857 
Operating lease liabilities67,554 72,305 
Total operating lease liabilities$78,383 $84,162 
 
Property, plant and equipment, net$6,406 $5,845 
 
Accrued expenses$2,256 $2,101 
Other long-term liabilities4,534 4,138 
Total finance lease liabilities$6,790 $6,239 
Schedule of Lease Costs
Lease Costs
Three Months EndedNine Months Ended
October 1, 2023October 2, 2022October 1, 2023October 2, 2022
(in thousands)
Finance lease cost:
Amortization of right-of-use assets$696 $581 $2,056 $1,636 
Interest on lease liabilities79 45 224 115 
Operating lease cost4,740 4,743 14,141 14,310 
Short-term lease cost187 204 934 642 
Variable lease cost583 614 1,924 2,012 
Total lease cost$6,285 $6,187 $19,279 $18,715 
Other Supplemental Information, Lessee
Other Supplemental Information
Three Months EndedNine Months Ended
October 1, 2023October 2, 2022October 1, 2023October 2, 2022
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$60 $35 $167 $88 
Operating cash flows from operating leases4,130 4,406 12,771 13,854 
Financing cash flows from finance leases545 525 1,853 1,535 
Right-of-use assets obtained in exchange for new finance lease liabilities1,414 182 2,450 2,525 
Right-of-use assets obtained (adjusted) in exchange for new (remeasured) operating lease liabilities
236 (734)4,199 6,089 
Weighted Average Lease Term and Discount Rate, Lessee
The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of October 1, 2023 and January 1, 2023:
 October 1, 2023January 1, 2023
Weighted-average remaining lease term – finance leases (in years)3.763.82
Weighted-average remaining lease term – operating leases (in years)8.779.29
Weighted-average discount rate – finance leases5.16 %3.79 %
Weighted-average discount rate – operating leases5.99 %5.89 %
Lease Liability Maturity Schedule
A maturity analysis of lease payments under non-cancellable leases is presented as follows:
Fiscal YearOperating LeasesFinance Leases
(in thousands)
2023 (excluding the nine months ended October 1, 2023)
$2,733 $569 
202414,999 2,518 
202513,069 1,733 
202612,767 1,202 
202710,246 868 
Thereafter48,882 662 
Total future minimum lease payments (undiscounted)102,696 7,552 
Less: Present value discount(24,313)(762)
Total lease liability$78,383 $6,790 
Lease Liability Maturity Schedule
A maturity analysis of lease payments under non-cancellable leases is presented as follows:
Fiscal YearOperating LeasesFinance Leases
(in thousands)
2023 (excluding the nine months ended October 1, 2023)
$2,733 $569 
202414,999 2,518 
202513,069 1,733 
202612,767 1,202 
202710,246 868 
Thereafter48,882 662 
Total future minimum lease payments (undiscounted)102,696 7,552 
Less: Present value discount(24,313)(762)
Total lease liability$78,383 $6,790