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Leases (Tables) | 9 Months Ended
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Sep. 28, 2019
Disclosure Of Leases [Abstract] |
Supplemental statement of earnings information leases operating finance | Supplemental statement of earnings information related to our leases is as follows (in thousands):
|  |  |  | Three Months |  |  | Nine Months |
|  |  |  | (13 Weeks) Ended |  |  | (39 Weeks) Ended |
|  | Statement of Earnings Classification |  | Sept. 28, 2019 |  |  | Sept. 28, 2019 |
Operating lease cost |  | Cost of products sold |  | $ | 4,932 |  |  | $ | 16,075 |
Operating lease cost |  | Marketing, administrative and other expenses |  |  | 990 |  |  |  | 1,572 |
Total operating lease cost |  |  |  | $ | 5,922 |  |  | $ | 17,647 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |
Amortization of leased assets |  | Cost of products sold |  | $ | 2,377 |  |  | $ | 7,054 |
Interest on lease liabilities |  | Interest expense, net |  |  | 2,788 |  |  |  | 8,451 |
Total finance lease cost |  |  |  | $ | 5,165 |  |  | $ | 15,505 |
Total lease cost |  |  |  | $ | 11,087 |  |  | $ | 33,152 |
Supplemental cash flow information leases operating finance | Supplemental cash flow information related to our leases is as follows (in thousands):
|  | Nine Months |
|  | (39 Weeks) Ended |
|  | Sept. 28, 2019 |
Cash paid for amounts included in measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 16,766 |
Operating cash flows from finance leases |  | $ | 8,451 |
Financing cash flows from finance leases |  | $ | 6,538 |
Lessee balance sheet information | Supplemental balance sheet information related to our leases is as follows (in thousands):
|  | Balance Sheet Classification |  | Sept. 28, 2019 |
Assets: |  |  |  |  |  |
Operating lease |  | Other assets |  | $ | 92,022 |
Finance lease |  | Property, plant and equipment, net |  |  | 67,554 |
Total leased |  |  |  | $ | 159,576 |
Liabilities: |  |  |  |  |  |
Current operating |  | Accrued expenses and other current liabilities |  | $ | 17,362 |
Current finance |  | Current portion of long-term debt and finance lease obligations |  |  | 8,878 |
Non-current operating |  | Deferred credits and other liabilities |  |  | 75,854 |
Non-current finance |  | Long-term debt and finance lease obligations due after one year |  |  | 72,773 |
Total leased |  |  |  | $ | 174,867 |
Weighted average lease term discount rate finance operating | Weighted-average remaining lease term and discount rate for our leases are as follows:
|  | Sept. 28, 2019
Weighted-average remaining lease term - operating leases |  | 9.3 years
Weighted-average remaining lease term - finance leases |  | 10.3 years
Weighted-average discount rate - operating leases |  | 3.8%
Weighted-average discount rate - finance leases |  | 30.8%
Lessee operating finance lease liability maturity | Maturities of lease liabilities by fiscal year for our leases were as follows as of September 28, 2019 (in thousands):
|  | Operating Leases |  |  | Finance Leases |
Maturities of lease liabilities, year ending December 31, |  |  |  |  |  |  |  |
2019 |  | $ | 5,957 |  |  | $ | 4,904 |
2020 |  |  | 19,223 |  |  |  | 19,307 |
2021 |  |  | 16,853 |  |  |  | 18,833 |
2022 |  |  | 15,248 |  |  |  | 18,038 |
2023 |  |  | 12,161 |  |  |  | 16,194 |
Thereafter |  |  | 44,265 |  |  |  | 79,529 |
Total lease payments |  | $ | 113,707 |  |  | $ | 156,805 |
Less imputed interest |  |  | (20,491 | ) |  |  | (75,154 | )
Present value of lease liabilities |  | $ | 93,216 |  |  | $ | 81,651 |

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- Definition Combined tabular disclosure of lessee balance sheet information for both operating and finance leases. + References No definition available. + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease and finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease and finance lease liability recognized in statement of financial position. + References No definition available. + Details
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- Definition Combined tabular disclosure of weighted average lease term and weighted average discount rate of operating and finance leases. + References No definition available. + Details
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