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Leases (Tables) | 12 Months Ended
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Dec. 28, 2024
Leases [Abstract] |
Schedule of Lease Cost | Total lease costs for 2024, 2023 and 2022 consist of the following:
(Amounts in millions) |  | 2024 |  | 2023 |  | 2022
Finance lease costs: |  |  |  |  |  |
Amortization of ROU assets |  | $ | 1.4 |  |  | $ | 1.5 |  |  | $ | 1.5 |
Interest on lease liabilities |  | 0.1 |  |  | 0.1 |  |  | 0.2 |
Operating lease costs* |  | 32.2 |  |  | 27.4 |  |  | 24.3 |
Total lease costs |  | $ | 33.7 |  |  | $ | 29.0 |  |  | $ | 26.0 |
* | Includes short-term leases, variable lease costs and sublease income, which are immaterial.
Supplemental cash flow information related to leases in 2024, 2023 and 2022 is as follows:
(Amounts in millions) |  | 2024 |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Financing cash flows from finance leases |  | $ | 1.7 |  |  | $ | 2.0 |  |  | $ | 2.4 |
Operating cash flows from finance leases |  | 0.1 |  |  | 0.1 |  |  | 0.2 |
Operating cash flows from operating leases |  | 30.0 |  |  | 24.7 |  |  | 22.2 |
ROU assets obtained in exchange for new lease obligations: |  |  |  |  |  |
Finance lease liabilities |  | $ | 0.7 |  |  | $ | 0.8 |  |  | $ | 0.2 |
Operating lease liabilities |  | 44.6 |  |  | 36.0 |  |  | 33.5 |
Schedule of Lease Supplemental Balance Sheet Information and Weighted-Average Lease Terms and Discount Rates | Supplemental balance sheet information related to leases in 2024 and 2023 is as follows:
(Amounts in millions) |  |  | 2024 |  | 2023
Finance leases: |  |  |  |  |
Property and equipment – gross |  | $ | 17.0 |  |  | $ | 19.1 |
Accumulated depreciation |  | (15.5) |  |  | (16.8) |
Property and equipment – net |  |  | $ | 1.5 |  |  | $ | 2.3 |
Other accrued liabilities |  |  | $ | 0.5 |  |  | $ | 1.6 |
Other long-term liabilities |  |  | 1.0 |  |  | 1.1 |
Total finance lease liabilities |  |  | $ | 1.5 |  |  | $ | 2.7 |
Operating leases: |  |  |  |  |
Operating lease right-of-use assets |  |  | $ | 89.4 |  |  | $ | 74.7 |
Other accrued liabilities |  |  | $ | 25.0 |  |  | $ | 23.8 |
Operating lease liabilities |  |  | 68.6 |  |  | 54.6 |
Total operating lease liabilities |  |  | $ | 93.6 |  |  | $ | 78.4 |
Weighted-average lease terms and discount rates in 2024 and 2023 are as follows:
|  | 2024 |  | 2023 |  | 2022
Weighted-average remaining lease terms (in years): |  |  |  |  |  |
Finance leases |  | 3.8 |  | 2.5 |  | 2.1
Operating leases |  | 4.7 |  | 3.8 |  | 4.0
Weighted-average discount rates: |  |  |  |  |  |
Finance leases |  | 4.5% |  | 4.1% |  | 3.1%
Operating leases |  | 3.6% |  | 4.0% |  | 2.9%
Schedule of Operating Lease Liability Maturities | Maturities of lease liabilities as of December 28, 2024, are as follows:
(Amounts in millions) |  | Operating Leases |  | Finance Leases
Year: |  |  |  |
2025 |  | $ | 28.0 |  |  | $ | 0.5 |
2026 |  | 23.3 |  |  | 0.4 |
2027 |  | 18.0 |  |  | 0.3 |
2028 |  | 12.8 |  |  | 0.2 |
2029 |  | 7.4 |  |  | 0.1 |
2030 and thereafter |  | 12.8 |  |  | 0.1 |
Total lease payments |  | 102.3 |  |  | 1.6 |
Less: amount representing interest |  | (8.7) |  |  | (0.1) |
Total lease liabilities |  | $ | 93.6 |  |  | $ | 1.5 |
Schedule of Finance Lease Liability Maturities | Maturities of lease liabilities as of December 28, 2024, are as follows:
(Amounts in millions) |  | Operating Leases |  | Finance Leases
Year: |  |  |  |
2025 |  | $ | 28.0 |  |  | $ | 0.5 |
2026 |  | 23.3 |  |  | 0.4 |
2027 |  | 18.0 |  |  | 0.3 |
2028 |  | 12.8 |  |  | 0.2 |
2029 |  | 7.4 |  |  | 0.1 |
2030 and thereafter |  | 12.8 |  |  | 0.1 |
Total lease payments |  | 102.3 |  |  | 1.6 |
Less: amount representing interest |  | (8.7) |  |  | (0.1) |
Total lease liabilities |  | $ | 93.6 |  |  | $ | 1.5 |
Schedule of Sales-type Lease Receivables Maturities | Future minimum lease payments as of December 28, 2024 are as follows:
(Amounts in millions) |  | Lease Receivables
Year: |  |
2025 |  | $ | 105.6 |
2026 |  | 91.8 |
2027 |  | 70.0 |
2028 |  | 50.1 |
2029 |  | 32.2 |
2030 and thereafter |  | 22.4 |
Total lease payments |  | 372.1 |
Less: unearned finance charges |  | (70.4) |
Net investment in leases |  | $ | 301.7 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received on annual basis for sales-type and direct financing leases receivable. Includes, but is not limited to, reconciliation to lease receivable recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-10 + Details
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