Leases (Tables)

9 Months Ended

Sep. 28, 2019

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

Lease term and discount rate are as follows:



	At September 28, 2019
Weighted Average Remaining Lease Term
Operating Leases	4.37
Finance Leases	12.32

Weighted Average Discount Rate
Operating Leases	3.3	%
Finance Leases	2.4	%

The components of lease costs are as follows:



	Three Months Ended September 28, 2019							Nine Months Ended September 28, 2019
	Cost of Goods Sold			Selling, General and Administrative		Total		Cost of Goods Sold		Selling, General and Administrative		Total
Operating lease costs
Fixed	$	8,068		25,316		33,384		23,925		72,578		96,503
Short-term	1,092			2,640		3,732		4,083		9,126		13,209
Variable	1,475			7,053		8,528		5,846		21,601		27,447
Sub-leases	(114		)	(113	)	(227	)	(239	)	(397	)	(636	)
	10,521			34,896		45,417		33,615		102,908		136,523
Finance lease costs
Amortization of leased assets	—			404		404		—		1,228		1,228
Interest on lease liabilities	—			102		102		—		191		191
	—			506		506		—		1,419		1,419
Net lease costs	$	10,521		35,402		45,923		33,615		104,327		137,942

Schedule of supplemental balance sheet information

Supplemental balance sheet information related to leases is as follows:



	Classification	At September 28, 2019
Assets
Operating Leases
Right of use operating lease assets	Right of use operating lease assets	$	334,083
Finance Leases
Property, plant and equipment, gross	Property, plant and equipment	14,727
Accumulated depreciation	Accumulated depreciation	(2,809		)
Property, plant and equipment, net	Property, plant and equipment, net	11,918
Total lease assets		$	346,001

Liabilities
Operating Leases
Other current	Current operating lease liabilities	$	102,682
Non-current	Non-current operating lease liabilities	238,560
Total operating liabilities		341,242
Finance Leases
Short-term debt	Short-term debt and current portion of long-term debt	1,351
Long-term debt	Long-term debt, less current portion	11,319
Total finance liabilities		12,670
Total lease liabilities		$	353,912

Schedule of finance lease maturities

Maturities of lease liabilities are as follows:



Year ending December 31,	Finance Leases		Operating Leases	Total
2019 (excluding the nine months ended September 28, 2019)	$	432	31,316	31,748
2020	1,647		116,032	117,679
2021	1,258		88,122	89,380
2022	1,022		59,951	60,973
2023	926		32,688	33,614
Thereafter	8,987		42,182	51,169
Total lease payments	14,272		370,291	384,563
Less imputed interest	1,602		29,049
Present value, Total	$	12,670	341,242

Schedule of operating lease maturities

Maturities of lease liabilities are as follows:



Year ending December 31,	Finance Leases		Operating Leases	Total
2019 (excluding the nine months ended September 28, 2019)	$	432	31,316	31,748
2020	1,647		116,032	117,679
2021	1,258		88,122	89,380
2022	1,022		59,951	60,973
2023	926		32,688	33,614
Thereafter	8,987		42,182	51,169
Total lease payments	14,272		370,291	384,563
Less imputed interest	1,602		29,049
Present value, Total	$	12,670	341,242

Schedule of supplemental cash flow information

Supplemental cash flow information related to leases was as follows:



	Nine Months Ended
	September 28, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	96,752
Operating cash flows from finance leases	123
Financing cash flows from finance leases	1,224
Right-of-use assets obtained in exchange for lease obligations:
Operating Leases	113,253
Finance Leases	7,636
Amortization:
Amortization of Right of use operating lease assets ⁽¹⁾	85,061

⁽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.