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Leases (Tables)
9 Months Ended
Oct. 01, 2021
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 1,

2021

 

 

October 2,

2020

 

 

October 1,

2021

 

 

October 2,

2020

 

Operating lease cost

 

$

1,635

 

 

$

1,706

 

 

$

4,896

 

 

$

5,162

 

Variable lease cost

 

 

246

 

 

 

280

 

 

 

793

 

 

 

882

 

Short-term lease cost

 

 

68

 

 

 

146

 

 

 

319

 

 

 

434

 

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 1, 2021

 

 

October 2, 2020

 

 

October 1, 2021

 

 

October 2, 2020

 

Cash paid for amounts included in the

   measurement of operating lease

   liabilities

 

$

1,566

 

 

$

1,508

 

 

$

5,381

 

 

$

5,522

 

 

Supplemental Balance Sheet Information Related to Operating Lease

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

 

 

 

October 1,

2021

 

 

January 1,

2021

 

Weighted Average Remaining Lease Term

 

4.2 years

 

 

4.5 years

 

Weighted Average Discount Rate

 

4.1%

 

 

4.2%

 

 

 

Maturities of Lease Liabilities

Maturities of operating lease liabilities as of October 1, 2021:

 

 

 

Operating

 

(In thousands)

 

Leases

 

2021 (excluding the nine months ended October 1, 2021)

 

 

1,581

 

2022

 

 

5,805

 

2023

 

 

4,067

 

2024

 

 

2,355

 

2025

 

 

1,539

 

2026

 

 

1,531

 

2027

 

 

1,466

 

Total lease payments

 

$

18,344

 

Less imputed interest

 

 

(2,031

)

Total lease liability

 

$

16,313