XML 60 R45.htm IDEA: XBRL DOCUMENT v3.24.0.1
(Tables)
12 Months Ended
Dec. 30, 2023
Leases [Abstract]  
Components of Lease Expense
The components of operating lease expense included in cost of sales and operating expenses and selling, general and administrative expenses were as follows (in thousands):

Year Ended
December 30, 2023December 31, 2022January 1, 2022
Operating lease expense$56,078 $49,377 $48,049 
Short-term lease costs36,762 31,133 25,141 
Total lease cost$92,840 $80,510 $73,190 

Other information (in thousands, except lease terms and discount rates):

Year Ended
December 30, 2023December 31, 2022January 1, 2022
Cash paid for amounts included in the measurement lease liabilities:
Operating cash flows from operating leases$58,924 $53,359 $50,258 
Operating right-of-use assets, net$205,539 $186,141 
Operating lease liabilities, current$55,325 $49,232 
Operating lease liabilities, non-current154,903 141,703 
Total operating lease liabilities$210,228 $190,935 
Weighted average remaining lease term - operating leases6.25 years6.34 years
Weighted average discount rate - operating leases4.59 %3.89 %
Maturities of Operating Lease Liabilities
Future annual minimum lease payments and finance lease commitments as of December 30, 2023 were as follows (in thousands):

Period Ending FiscalOperating LeasesFinance Leases
2024$63,199 $4,349 
202554,302 4,176 
202637,342 2,732 
202729,267 2,250 
202817,831 1,759 
Thereafter40,192 706 
242,133 15,972 
Less amounts representing interest(31,905)(1,099)
Lease obligations included in current and long-term liabilities210,228 14,873 
Maturities of Financing Lease Liabilities
Future annual minimum lease payments and finance lease commitments as of December 30, 2023 were as follows (in thousands):

Period Ending FiscalOperating LeasesFinance Leases
2024$63,199 $4,349 
202554,302 4,176 
202637,342 2,732 
202729,267 2,250 
202817,831 1,759 
Thereafter40,192 706 
242,133 15,972 
Less amounts representing interest(31,905)(1,099)
Lease obligations included in current and long-term liabilities210,228 14,873