Leases (Tables)

12 Months Ended

Jan. 02, 2021

The components of lease expense were as follows (in millions):


	January 2, 2021		December 28, 2019
Operating Lease Cost	$	30.9	$	31.1


Finance Lease Cost:
Amortization of ROU Assets	0.3		0.3
Interest on Lease Liabilities	0.2		0.2
Total Lease Expense	$	31.4	$	31.6

Other information related to leases was as follows (in millions):


Supplemental Cash Flows Information	January 2, 2021			December 28, 2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating Cash Flows from Operating Leases	$	29.7		$	30.6
Operating Cash Flows from Finance Leases	0.3			0.3
Financing Cash Flows from Finance Leases	0.2			0.2

Leased Assets Obtained in Exchange for New Operating Lease Liabilities	24.3			13.6
Weighted Average Remaining Lease Term
Operating Leases	5.2 years			4.7 years
Finance Leases	7.3 years			8.3 years
Weighted Average Discount Rate
Operating Leases	8.2		%	8.8		%
Finance Leases	5.9		%	5.9		%

Maturity of lease liabilities as of January 2, 2021 were as follows (in millions):


	Operating Leases		Finance Leases		Total
2021	$	26.7	$	0.5	$	27.2
2022	19.6		0.5		20.1
2023	13.3		0.6		13.9
2024	9.0		0.6		9.6
2025	7.0		0.6		7.6
Thereafter	18.4		1.3		19.7
Total Lease Payments	$	94.0	$	4.1	$	98.1
Less: Interest	(17.3)		(0.8)		(18.1)
Present Value of Lease Liabilities	$	76.7	$	3.3	$	80

Maturity of lease liabilities as of January 2, 2021 were as follows (in millions):


	Operating Leases		Finance Leases		Total
2021	$	26.7	$	0.5	$	27.2
2022	19.6		0.5		20.1
2023	13.3		0.6		13.9
2024	9.0		0.6		9.6
2025	7.0		0.6		7.6
Thereafter	18.4		1.3		19.7
Total Lease Payments	$	94.0	$	4.1	$	98.1
Less: Interest	(17.3)		(0.8)		(18.1)
Present Value of Lease Liabilities	$	76.7	$	3.3	$	80