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Leases (Tables)
3 Months Ended
Apr. 01, 2022
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

 

 

Three Months Ended

 

(In thousands)

 

April 1,

2022

 

 

April 2,

2021

 

Operating lease cost

 

$

1,767

 

 

$

1,638

 

Variable lease cost

 

 

312

 

 

 

292

 

Short-term lease cost

 

 

129

 

 

 

146

 

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 1,

2022

 

 

April 2,

2021

 

Cash paid for amounts included in the measurement of

   operating lease liabilities

 

$

2,201

 

 

$

2,279

 

 

Supplemental Balance Sheet Information Related to Operating Lease

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

 

 

April 1,

2022

 

 

April 2, 2021

 

Weighted Average Remaining Lease Term

4.3 years

 

 

4.2 years

 

Weighted Average Discount Rate

3.9%

 

 

4.1%

 

 

Maturities of Lease Liabilities

Maturities of operating lease liabilities as of April 1, 2022:

 

(In thousands)

 

Operating Leases

 

2022 (excluding the three months ended April 1, 2022)

 

 

4,010

 

2023

 

 

4,904

 

2024

 

 

3,217

 

2025

 

 

2,427

 

2026

 

 

2,446

 

2027

 

 

1,937

 

Total lease payments

 

$

18,941

 

Less imputed interest

 

 

(1,977

)

Total lease liability

 

$

16,964