LEASES (Tables)

9 Months Ended

Sep. 28, 2019

Weighted average information about the Company’s lease portfolio as of September 28, 2019 was as follows:


Weighted-average remaining lease term	5.6 years
Weighted-average IBR	6.08	%

Operating lease costs for the three and nine months ended September 28, 2019 were as follows (in thousands):


	Three Months Ended		Nine Months Ended
	September 28, 2019		September 28, 2019
Operating lease costs
Fixed lease costs	$	23,903	$	77,125
Variable lease costs⁽¹⁾	8,654		27,868




⁽¹⁾ Includes short-term lease costs, which are immaterial.

Cash and non-cash activities for the three and nine months ended September 28, 2019 were as follows (in thousands):


	Three Months Ended		Nine Months Ended
	September 28, 2019		September 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	23,463	$	66,936



Right-of-use assets obtained in exchange for new operating lease liabilities	$	47,236	$	372,269

Future minimum lease payments under non-cancelable leases as of September 28, 2019 were as follows (in thousands):


	Operating Leases
2019 (excluding the nine months ended September 28, 2019)	$	23,640
2020	86,617
2021	76,607
2022	61,548
2023	34,935
Thereafter	119,393
Total future minimum lease payments	402,740
Less: interest	90,123
Present value of future minimum lease payments	$	312,617

As of September 28, 2019
Current portion of lease liabilities	$	68,993
Long-term portion of lease liabilities	243,624
Total	$	312,617