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Leases (Tables)
9 Months Ended
Sep. 28, 2019
Leases [Abstract]  
Summary of Lease Expense The following table summarizes the lease expense for the thirteen and thirty-nine weeks ended September 28, 2019:

(in thousands)

 

Thirteen Weeks Ended September 28, 2019

 

 

 

 

Thirty-Nine Weeks Ended September 28, 2019

 

Operating lease expense

 

$

1,785

 

 

 

 

$

5,582

 

Short-term lease expense

 

 

947

 

 

 

 

 

3,288

 

Total lease expense

 

$

2,732

 

 

 

 

$

8,870

 

Summary of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to our operating leases is as follows:

 

(in thousands)

 

September 28, 2019

 

Operating lease right-of-use assets

 

$

33,870

 

 

 

 

 

 

Other accrued liabilities

 

$

5,303

 

Long-term operating lease liabilities

 

 

31,413

 

Total operating lease liabilities

 

$

36,716

 

 

 

 

 

 

Weighted average remaining lease term (years)

 

 

9.43

 

Weighted average discount rate

 

 

5.18

%

 

Summary of Maturities of Operating Lease Liabilities

The following table summarizes the maturities of our lease liabilities for all operating leases as of September 28, 2019:

 

(in thousands)

 

September 28, 2019

 

2019 (Remainder of 2019)

 

$

1,754

 

2020

 

 

7,040

 

2021

 

 

5,284

 

2022

 

 

4,909

 

2023

 

 

3,394

 

2024 and thereafter

 

 

24,973

 

Total lease payments

 

 

47,354

 

Less: Imputed interest

 

 

(10,638

)

Present value of lease liabilities

 

$

36,716

 

Summary of Minimum Future Rental Payments under Operating Leases

For the year ended December 29, 2018, minimum rental payments under operating leases were recognized on a straight-line basis over the term of the lease including any periods of free rent. Rent expense for operating leases, including payments for short-term equipment and storage rentals, was $6.9 million in fiscal 2018. Minimum future rental payments required under operating leases in effect as of December 29, 2018 were as follows:

 

(in thousands)

 

December 29, 2018

 

2019

 

$

5,489

 

2020

 

 

5,416

 

2021

 

 

4,972

 

2022

 

 

4,599

 

2023

 

 

3,013

 

2024 and thereafter

 

 

24,297

 

Total rental payments

 

$

47,786