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Leases (Tables)
9 Months Ended
Sep. 27, 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

 

 

Nine Months Ended

 

(In thousands)

 

September 27,
2024

 

 

September 29,
2023

 

 

September 27,
2024

 

 

September 29,
2023

 

Operating lease cost

 

$

3,251

 

 

$

2,094

 

 

$

7,758

 

 

$

5,659

 

Variable lease cost

 

 

352

 

 

 

378

 

 

 

1,100

 

 

 

1,251

 

Short-term lease cost

 

 

378

 

 

 

256

 

 

 

1,028

 

 

 

937

 

Supplemental Cash Flow Information Related to Operating Lease

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(In thousands)

 

September 27, 2024

 

 

September 29, 2023

 

 

September 27, 2024

 

 

September 29, 2023

 

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

 

$

1,654

 

 

$

1,715

 

 

$

6,002

 

 

$

5,516

 

Supplemental Balance Sheet Information Related to Operating Lease

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

 

 

 

September 27,
2024

 

September 29, 2023

Weighted Average Remaining Lease Term

 

14.0 years

 

6.4 years

Weighted Average Discount Rate

 

6.2%

 

5.1%

Maturities of Lease Liabilities

Maturities of operating lease liabilities as of September 27, 2024:

 

 

 

Operating

 

(In thousands)

 

Leases

 

2024 (excluding the nine months ended September 27, 2024)

 

$

1,538

 

2025

 

 

7,803

 

2026

 

 

7,460

 

2027

 

 

6,183

 

2028

 

 

9,645

 

Thereafter

 

 

98,461

 

Total lease payments

 

 

131,090

 

Less imputed interest

 

 

(50,228

)

Total lease liability

 

$

80,862