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Leases (Tables)
6 Months Ended
Jun. 30, 2023
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)

 

June 30,
2023

 

 

July 1,
2022

 

 

June 30,
2023

 

 

July 1,
2022

 

Operating lease cost

 

$

1,778

 

 

$

1,799

 

 

$

3,565

 

 

$

3,566

 

Variable lease cost

 

 

503

 

 

 

327

 

 

 

873

 

 

 

639

 

Short-term lease cost

 

 

405

 

 

 

102

 

 

 

681

 

 

 

231

 

 

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)

 

June 30, 2023

 

 

July 1, 2022

 

 

June 30, 2023

 

 

July 1, 2022

 

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

 

$

1,437

 

 

$

1,364

 

 

$

3,801

 

 

$

3,565

 

 

Supplemental Balance Sheet Information Related to Operating Lease

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

 

 

 

June 30,
2023

 

December 30,
2022

Weighted Average Remaining Lease Term

 

6.5 years

 

4.1 years

Weighted Average Discount Rate

 

5.0%

 

4.3%

 

Maturities of Lease Liabilities

Maturities of operating lease liabilities as of June 30, 2023:

 

 

 

Operating

 

(In thousands)

 

Leases

 

2023 (excluding the six months ended June 30, 2023)

 

 

3,320

 

2024

 

 

6,474

 

2025

 

 

5,762

 

2026

 

 

4,944

 

2027

 

 

4,336

 

2028

 

 

1,860

 

Thereafter

 

 

8,098

 

Total lease payments

 

$

34,794

 

Less imputed interest

 

 

(6,002

)

Total lease liability

 

$

28,792