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Leases (Tables)
3 Months Ended
Apr. 02, 2021
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 2,

2021

 

 

April 3,

2020

 

Operating lease cost

 

$

1,638

 

 

$

1,778

 

Variable lease cost

 

 

292

 

 

 

290

 

Short-term lease cost

 

 

146

 

 

 

125

 

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 2,

2021

 

 

April 3,

2020

 

Cash paid for amounts included in the measurement of

   operating lease liabilities

 

$

2,279

 

 

$

2,434

 

 

Supplemental Balance Sheet Information Related to Operating Lease

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

 

 

April 2,

2021

 

 

April 3,

2020

 

Weighted Average Remaining Lease Term

4.2 years

 

 

5.0 years

 

Weighted Average Discount Rate

4.1%

 

 

4.4%

 

 

Maturities of Lease Liabilities

Maturities of operating lease liabilities as of April 2, 2021:

 

(In thousands)

 

Operating Leases

 

2021 (excluding the three months ended April 2, 2021)

 

 

4,658

 

2022

 

 

5,748

 

2023

 

 

3,957

 

2024

 

 

2,304

 

2025

 

 

1,543

 

2026

 

 

1,507

 

2027

 

 

1,466

 

Total lease payments

 

$

21,183

 

Less imputed interest

 

 

(2,335

)

Total lease liability

 

$

18,848