XML 59 R40.htm IDEA: XBRL DOCUMENT v3.25.0.1
Lease Commitments (Tables)
12 Months Ended
Dec. 28, 2024
Leases [Abstract]  
Supplemental balance sheet information related to leases
The following table presents the classification of right of use assets and lease liabilities as of December 28, 2024 and December 30, 2023:
Fiscal Year Ended

(in thousands)
Consolidated Balance Sheet ClassificationDecember 28, 2024December 30, 2023
Operating Leases
Right of use assets - operating leaseRight of use lease assets$71,513 $60,991 
Current operating lease liabilitiesAccrued liabilities13,626 11,676 
Non-current operating lease liabilitiesNon-current lease liabilities60,558 49,180 
Total operating lease liabilities$74,184 $60,856 
Finance Leases
Right of use assets - finance leaseRight of use lease assets$698 $1,379 
Current finance lease liabilitiesAccrued liabilities274 434 
Non-current finance lease liabilitiesNon-current lease liabilities292 
Total finance lease liabilities$275 $726 
Components of lease expense and supplemental cash flow information
The following table represents the lease costs for 2024, 2023, and 2022:
Fiscal Year Ended

(in thousands)
Consolidated Statements of Net Income ClassificationDecember 28, 2024December 30, 2023December 31, 2022
Operating lease expensesCost of sales, Selling, general, and administrative expenses$17,310 $15,817 $14,071 
Finance lease:
Finance lease expensesCost of sales96 219 112 
Interest on lease liabilitiesOther (income) expense, net19 13 
Short-term lease expensesCost of sales, Selling, general, and administrative expenses1,170 1,229 1,130 
Variable lease expensesCost of sales, Selling, general, and administrative expenses1,151 1,034 1,091 
Total lease costsCost of sales, Selling, general, and administrative expenses$19,735 $18,318 $16,417 
Fiscal Year Ended
December 28, 2024December 30, 2023
Weighted-average remaining lease term (years)
Operating leases8.678.38
Finance leases1.001.69
Weighted-average discount rate
Operating leases5.39 %5.39 %
Finance leases2.00 %1.90 %
Fiscal Year Ended
(in thousands)December 28, 2024December 30, 2023December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flow - payments on operating leases$(13,258)$(14,518)$(12,298)
Operating cash flow - interest payments on finance leases(8)(19)(13)
Financing cash flow - payments on finance lease obligations(280)(1,164)(719)
Leased assets obtained in exchange of new lease obligations, including leases acquired:
Operating leases$26,785 $16,689 $37,760 
Finance leases— — 2,502 
Maturities of operating lease liabilities
Maturity of lease liabilities as of December 28, 2024
(in thousands)
Operating LeasesFinance Leases
2025$17,270 $277 
202611,053 
202710,523 — 
20289,909 — 
20298,378 — 
2030 and thereafter36,337 — 
Total lease payments$93,470 $278 
Less: Imputed interest(19,286)(3)
Present value of lease liabilities$74,184 $275 
Maturities of finance lease liabilities
Maturity of lease liabilities as of December 28, 2024
(in thousands)
Operating LeasesFinance Leases
2025$17,270 $277 
202611,053 
202710,523 — 
20289,909 — 
20298,378 — 
2030 and thereafter36,337 — 
Total lease payments$93,470 $278 
Less: Imputed interest(19,286)(3)
Present value of lease liabilities$74,184 $275