Leases

12 Months Ended

Dec. 28, 2024

6. Leases

The following table represents lease costs recognized in the Company’s consolidated statements of income for the 52-weeks ended December 28, 2024. Lease costs are included in selling, general and administrative expense and research and development expense on the Company’s consolidated statements of income.


	Fiscal Year Ended
	December 28, 2024		December 30, 2023
Operating lease cost (1)	$	54,526	$	47,331

(1) Operating lease cost includes short-term lease costs and variable lease costs, which were not material in the period presented.

The following table represents the components of leases that are recognized on the Company’s consolidated balance sheets as of December 28, 2024 and December 30, 2023.


	December 28, 2024			December 30, 2023
Operating lease right-of-use assets	$	164,656		$	143,724

Other accrued expenses	$	27,901		$	27,776
Noncurrent operating lease liabilities		134,886			113,035
Total lease liabilities	$	162,787		$	140,811

Weighted average remaining lease term	7.3 years			6.6 years
Weighted average discount rate		4.4	%		3.8	%

The following table represents the maturity of lease liabilities.


Year	Amount
2025	$	36,647
2026		29,808
2027		23,945
2028		21,992
2029		19,701
Thereafter		63,294
Total		195,387
Less: imputed interest		(32,600	)
Present value of lease liabilities		162,787

The following table presents supplemental cash flow and noncash information related to leases.


	Fiscal Year Ended
	December 28, 2024		December 30, 2023
Cash paid for amounts included in the measurement of operating lease liabilities (1)	$	37,772	$	34,602
Right-of-use assets obtained in exchange for new operating lease liabilities	$	30,423	$	18,520

(1) Included in net cash provided by operating activities on the Company's statements of cash flows