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Leases (Tables)
6 Months Ended
Jul. 01, 2022
Leases [Abstract]  
Lease, Cost

The components of lease expense included in other operating expenses on the condensed consolidated statements of income were as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

July 1,
2022

 

 

July 2,
2021

 

 

July 1,
2022

 

 

July 2,
2021

 

Operating lease cost

 

$

1,799

 

 

$

1,623

 

 

$

3,566

 

 

$

3,261

 

Variable lease cost

 

 

327

 

 

 

255

 

 

 

639

 

 

 

547

 

Short-term lease cost

 

 

102

 

 

 

105

 

 

 

231

 

 

 

251

 

Supplemental Cash Flow Information Related to Operating Lease

Supplemental cash flow information related to operating leases was as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

July 1, 2022

 

 

July 2, 2021

 

 

July 1, 2022

 

 

July 2, 2021

 

Cash paid for amounts included in the
   measurement of operating lease
   liabilities

 

$

1,364

 

 

$

1,535

 

 

$

3,565

 

 

$

3,814

 

Supplemental Balance Sheet Information Related to Operating Lease

Supplemental balance sheet information related to operating leases was as follows:

 

 

 

July 1,
2022

 

December 31,
2021

Weighted Average Remaining Lease Term

 

4.2 years

 

4.1 years

Weighted Average Discount Rate

 

3.9%

 

4.2%

Maturities of Lease Liabilities

Maturities of operating lease liabilities as of July 1, 2022:

 

 

 

Operating

 

(In thousands)

 

Leases

 

2022 (excluding the six months ended July 1, 2022)

 

 

2,753

 

2023

 

 

5,103

 

2024

 

 

3,382

 

2025

 

 

2,551

 

2026

 

 

2,589

 

2027

 

 

2,071

 

Total lease payments

 

$

18,449

 

Less imputed interest

 

 

(1,928

)

Total lease liability

 

$

16,521