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Leases (Tables)
6 Months Ended
Jun. 28, 2024
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 28,
2024

 

 

June 30,
2023

 

 

June 28,
2024

 

 

June 30,
2023

 

Operating lease cost

 

$

2,392

 

 

$

1,778

 

 

$

4,507

 

 

$

3,565

 

Variable lease cost

 

 

385

 

 

 

503

 

 

 

748

 

 

 

873

 

Short-term lease cost

 

 

343

 

 

 

405

 

 

 

650

 

 

 

681

 

 

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 28, 2024

 

 

June 30, 2023

 

 

June 28, 2024

 

 

June 30, 2023

 

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

 

$

1,804

 

 

$

1,437

 

 

$

4,348

 

 

$

3,801

 

 

Supplemental Balance Sheet Information Related to Operating Lease

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

 

 

 

June 28,
2024

 

June 30, 2023

Weighted Average Remaining Lease Term

 

14.5 years

 

6.5 years

Weighted Average Discount Rate

 

6.4%

 

5.0%

 

Maturities of Lease Liabilities

Maturities of operating lease liabilities as of June 28, 2024:

 

 

 

Operating

 

(In thousands)

 

Leases

 

2024 (excluding the six months ended June 28, 2024)

 

 

3,130

 

2025

 

 

7,160

 

2026

 

 

6,333

 

2027

 

 

5,048

 

2028

 

 

8,502

 

Thereafter

 

 

94,959

 

Total lease payments

 

$

125,132

 

Less imputed interest

 

 

(49,836

)

Total lease liability

 

$

75,296