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Leases (Tables)
3 Months Ended
Apr. 03, 2020
Leases [Abstract]  
Lease, Cost

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

 

 

 

Three Months Ended

 

 

Three Months Ended

 

(In thousands)

 

April 3,

2020

 

 

March 29,

2019

 

Operating lease cost

 

$

1,778

 

 

$

1,870

 

Variable lease cost

 

 

290

 

 

 

380

 

Short-term lease cost

 

 

125

 

 

 

95

 

Supplemental Cash Flow Information Related to Operating Lease

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

 

 

 

Three Months Ended

 

 

Three Months Ended

 

(In thousands)

 

April 3,

2020

 

 

March 29,

2019

 

Cash paid for amounts included in the measurement of

   operating lease liabilities

 

$

2,434

 

 

$

2,534

 

 

Supplemental Balance Sheet Information Related to Operating Lease

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

 

 

April 3, 2020

 

 

March 29, 2019

 

Weighted Average Remaining Lease Term

5.0 years

 

 

5.6 years

 

Weighted Average Discount Rate

4.4%

 

 

4.5%

 

 

Maturities of Lease Liabilities

Maturities of operating lease liabilities as of April 3, 2020:

 

(In thousands)

 

Operating Leases

 

2020

 

$

4,503

 

2021

 

 

5,993

 

2022

 

 

4,773

 

2023

 

 

3,187

 

2024

 

 

2,176

 

2025

 

 

1,491

 

2026

 

 

1,507

 

2027

 

 

1,466

 

Total lease payments

 

$

25,096

 

Less imputed interest

 

 

(3,204

)

Total lease liability

 

$

21,892