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Leases (Tables)
6 Months Ended
Jul. 03, 2020
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 3,

2020

 

 

June 28,

2019

 

 

July 3,

2020

 

 

June 28,

2019

 

Operating lease cost

 

$

1,678

 

 

$

1,867

 

 

$

3,564

 

 

$

3,737

 

Variable lease cost

 

 

312

 

 

 

404

 

 

 

602

 

 

 

784

 

Short-term lease cost

 

 

163

 

 

 

134

 

 

 

288

 

 

 

229

 

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 3, 2020

 

 

June 28, 2019

 

 

July 3, 2020

 

 

June 28, 2019

 

Cash paid for amounts included in the

   measurement of operating lease

   liabilities

 

$

1,638

 

 

$

1,747

 

 

$

4,072

 

 

$

4,281

 

 

Supplemental Balance Sheet Information Related to Operating Lease

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

 

 

 

July 3,

2020

 

 

January 3,

2020

 

Weighted Average Remaining Lease Term

 

4.8 years

 

 

5.2 years

 

Weighted Average Discount Rate

 

4.4%

 

 

4.4%

 

 

Maturities of Lease Liabilities

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

 

 

 

Operating

 

(In thousands)

 

Leases

 

2020 (excluding the six months ended July 3, 2020)

 

 

2,949

 

2021

 

 

6,118

 

2022

 

 

4,848

 

2023

 

 

3,235

 

2024

 

 

2,176

 

2025

 

 

1,491

 

2026

 

 

1,507

 

2027

 

 

1,466

 

Total lease payments

 

$

23,790

 

Less imputed interest

 

 

(3,096

)

Total lease liability

 

$

20,694