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Leases (Tables)
9 Months Ended
Oct. 02, 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

 

 

Nine Months Ended

 

(In thousands)

 

October 2,

2020

 

 

September 27,

2019

 

 

October 2,

2020

 

 

September 27,

2019

 

Operating lease cost

 

$

1,706

 

 

$

1,849

 

 

$

5,162

 

 

$

5,586

 

Variable lease cost

 

 

280

 

 

 

389

 

 

 

882

 

 

 

1,173

 

Short-term lease cost

 

 

146

 

 

 

98

 

 

 

434

 

 

 

327

 

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)

 

October 2, 2020

 

 

September 27, 2019

 

 

October 2, 2020

 

 

September 27, 2019

 

Cash paid for amounts included in the

   measurement of operating lease

   liabilities

 

$

1,508

 

 

$

1,699

 

 

$

5,552

 

 

$

5,980

 

 

Supplemental Balance Sheet Information Related to Operating Lease

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

 

 

 

October 2,

2020

 

 

January 3,

2020

 

Weighted Average Remaining Lease Term

 

4.6 years

 

 

5.2 years

 

Weighted Average Discount Rate

 

4.2%

 

 

4.4%

 

 

Maturities of Lease Liabilities

Maturities of operating lease liabilities as of October 2, 2020:

 

 

 

Operating

 

(In thousands)

 

Leases

 

2020 (excluding the nine months ended October 2, 2020)

 

 

1,371

 

2021

 

 

6,524

 

2022

 

 

5,308

 

2023

 

 

3,644

 

2024

 

 

2,252

 

2025

 

 

1,491

 

2026

 

 

1,507

 

2027

 

 

1,466

 

Total lease payments

 

$

23,563

 

Less imputed interest

 

 

(2,710

)

Total lease liability

 

$

20,853