Leases (Tables)

3 Months Ended

Mar. 30, 2019

Schedule of components of lease expense, lease term, and discount rate

The components of lease costs are as follows:



Three Months Ended March 30, 2019	Cost of Goods Sold			Selling, General and Administrative		Total
Operating lease costs
Fixed	$	7,688		24,455		32,143
Short-term	1,439			2,909		4,348
Variable	2,278			5,200		7,478
Sub-leases	(84		)	(133	)	(217	)
	11,321			32,431		43,752
Finance lease costs
Amortization of leased assets	—			432		432
Interest on lease liabilities	—			31		31
	—			463		463
Net lease costs	$	11,321		32,894		44,215

Lease term and discount rate are as follows:



	March 30, 2019
Weighted Average Remaining Lease Term
Operating Leases	4.16 years
Finance Leases	8.89 years

Weighted Average Discount Rate
Operating Leases	3.3	%
Finance Leases	2.1	%

Schedule of supplemental balance sheet information

Supplemental balance sheet information related to leases is as follows:



	Classification	March 30, 2019
Assets
Operating Leases
Right of use operating lease assets	Right of use operating lease assets	$	320,800
Finance Leases
Property, plant and equipment, gross	Property, plant and equipment	9,086
Accumulated depreciation	Accumulated depreciation	(2,817		)
Property, plant and equipment, net	Property, plant and equipment, net	6,269
Total lease assets		$	327,069

Liabilities
Operating Leases
Other current	Current operating lease liabilities	$	99,642
Non-current	Non-current operating lease liabilities	227,595
Total operating liabilities		327,237
Finance Leases
Short-term debt	Short-term debt and current portion of long-term debt	1,179
Long-term debt	Long-term debt, less current portion	5,130
Total finance liabilities		6,309
Total lease liabilities		$	333,546

Schedule of finance lease maturities

Maturities of lease liabilities are as follows:



Year ending December 31,	Finance Leases		Operating Leases	Total
2019 (excluding the three months ended March 30, 2019)	$	932	81,796	82,728
2020	1,028		100,986	102,014
2021	608		72,184	72,792
2022	412		46,168	46,580
2023	412		23,123	23,535
Thereafter	3,388		30,289	33,677
Total lease payments	6,780		354,546	361,326
Less imputed interest	471		27,309
Present value, Total	$	6,309	327,237

Schedule of operating lease maturities

Maturities of lease liabilities are as follows:



Year ending December 31,	Finance Leases		Operating Leases	Total
2019 (excluding the three months ended March 30, 2019)	$	932	81,796	82,728
2020	1,028		100,986	102,014
2021	608		72,184	72,792
2022	412		46,168	46,580
2023	412		23,123	23,535
Thereafter	3,388		30,289	33,677
Total lease payments	6,780		354,546	361,326
Less imputed interest	471		27,309
Present value, Total	$	6,309	327,237

Schedule of supplemental cash flow information

Supplemental cash flow information related to leases was as follows:



	Three Months Ended
	March 30, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	31,557
Operating cash flows from finance leases	31
Financing cash flows from finance leases	371
Right-of-use assets obtained in exchange for lease obligations:
Operating Leases	22,243
Finance Leases	—
Amortization:
Amortization of Right of use operating lease assets ⁽¹⁾	28,641

⁽¹⁾ Amortization of Right of use operating lease assets during the period is reflected in Other assets and prepaid expenses on the Condensed Consolidated Statements of Cash Flows.