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Leases | 12 Months Ended
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Dec. 26, 2021
Leases [Abstract] |
Leases | Leases The components of lease expense for the years ended December 26, 2021, and December 27, 2020 were as follows (in millions):
|  | December 26, 2021 |  | December 27, 2020
Amortization of right of use assets - finance leases |  | $ | 2.4 |  |  | $ | 2.1 |
Interest expense on lease liabilities - finance leases |  | 2.7 |  |  | 2.6 |
Operating lease cost (expense resulting from amortization of total lease payments) |  | 11.2 |  |  | 11.9 |
Short-term lease cost |  | 0.8 |  |  | 0.8 |
Variable lease cost (cost excluded from lease payments) |  | 0.1 |  |  | 0.1 |
Sublease income |  | (0.2) |  |  | (1.1) |
Total lease cost |  | $ | 17.0 |  |  | $ | 16.4 |
The components of leases on the balance sheet were as follows (in millions):
|  | December 26, 2021 |  | December 27, 2020
Operating Leases: |  |  |  |
Operating lease right-of-use assets |  | $ | 38.5 |  |  | $ | 42.9 |
Current portion of operating lease liabilities |  | $ | 10.1 |  |  | $ | 8.9 |
Operating lease liabilities, net of current portion |  | $ | 32.7 |  |  | $ | 38.6 |
Finance leases: |  |  |  |
Property, plant and equipment, net |  | $ | 39.0 |  |  | $ | 36.5 |
Other current liabilities |  | $ | 1.2 |  |  | $ | 0.9 |
Other long-term liabilities |  | $ | 43.2 |  |  | $ | 38.8 |
Cash paid for amounts included in the measurement of lease liabilities for the years ended December 26, 2021, and December 27, 2020 were as follows (in millions):
|  | December 26, 2021 |  | December 27, 2020 |
Finance lease - cash paid for interest |  |  | $ | 2.7 |  |  | $ | 2.6 |  |
Finance lease - financing cash flows |  |  | $ | 1.0 |  |  | $ | 0.6 |  |
Operating lease - operating cash flows (fixed payments) |  |  | $ | 11.8 |  |  | $ | 12.7 |  |
Other supplemental noncash information (in millions):
|  |  | December 26, 2021 |  | December 27, 2020
Operating lease liabilities arising from obtaining right-of-use assets |  | $ | 3.8 |  | $ | 10.2
Finance lease liabilities arising from obtaining right-of-use assets |  | $ | 5.8 |  | $ | 1.1
Weighted-average remaining lease term (in years): |  |  |  |  |
Operating leases |  |  | 4.57 |  | 5.46
Finance leases |  |  | 16.14 |  | 17.68
Weighted-average discount rate: |  |  |  |  |
Operating leases |  |  | 6.50 | % |  | 6.50 | %
Finance leases |  |  | 6.51 | % |  | 6.52 | %
The maturity of lease liabilities is (in millions):
| Operating Leases |  | Finance Leases
2022 | $ | 12.5 |  |  | $ | 4.1 |
2023 | 11.7 |  |  | 4.1 |
2024 | 9.0 |  |  | 4.2 |
2025 | 7.3 |  |  | 4.2 |
2026 | 4.2 |  |  | 4.3 |
Thereafter | 4.8 |  |  | 52.7 |
Total lease payments | 49.5 |  |  | 73.6 |
Less: imputed interest | (6.7) |  |  | (29.2) |
Total present value of lease liabilities | $ | 42.8 |  |  | $ | 44.4 |
Leases | Leases The components of lease expense for the years ended December 26, 2021, and December 27, 2020 were as follows (in millions):
|  | December 26, 2021 |  | December 27, 2020
Amortization of right of use assets - finance leases |  | $ | 2.4 |  |  | $ | 2.1 |
Interest expense on lease liabilities - finance leases |  | 2.7 |  |  | 2.6 |
Operating lease cost (expense resulting from amortization of total lease payments) |  | 11.2 |  |  | 11.9 |
Short-term lease cost |  | 0.8 |  |  | 0.8 |
Variable lease cost (cost excluded from lease payments) |  | 0.1 |  |  | 0.1 |
Sublease income |  | (0.2) |  |  | (1.1) |
Total lease cost |  | $ | 17.0 |  |  | $ | 16.4 |
The components of leases on the balance sheet were as follows (in millions):
|  | December 26, 2021 |  | December 27, 2020
Operating Leases: |  |  |  |
Operating lease right-of-use assets |  | $ | 38.5 |  |  | $ | 42.9 |
Current portion of operating lease liabilities |  | $ | 10.1 |  |  | $ | 8.9 |
Operating lease liabilities, net of current portion |  | $ | 32.7 |  |  | $ | 38.6 |
Finance leases: |  |  |  |
Property, plant and equipment, net |  | $ | 39.0 |  |  | $ | 36.5 |
Other current liabilities |  | $ | 1.2 |  |  | $ | 0.9 |
Other long-term liabilities |  | $ | 43.2 |  |  | $ | 38.8 |
Cash paid for amounts included in the measurement of lease liabilities for the years ended December 26, 2021, and December 27, 2020 were as follows (in millions):
|  | December 26, 2021 |  | December 27, 2020 |
Finance lease - cash paid for interest |  |  | $ | 2.7 |  |  | $ | 2.6 |  |
Finance lease - financing cash flows |  |  | $ | 1.0 |  |  | $ | 0.6 |  |
Operating lease - operating cash flows (fixed payments) |  |  | $ | 11.8 |  |  | $ | 12.7 |  |
Other supplemental noncash information (in millions):
|  |  | December 26, 2021 |  | December 27, 2020
Operating lease liabilities arising from obtaining right-of-use assets |  | $ | 3.8 |  | $ | 10.2
Finance lease liabilities arising from obtaining right-of-use assets |  | $ | 5.8 |  | $ | 1.1
Weighted-average remaining lease term (in years): |  |  |  |  |
Operating leases |  |  | 4.57 |  | 5.46
Finance leases |  |  | 16.14 |  | 17.68
Weighted-average discount rate: |  |  |  |  |
Operating leases |  |  | 6.50 | % |  | 6.50 | %
Finance leases |  |  | 6.51 | % |  | 6.52 | %
The maturity of lease liabilities is (in millions):
| Operating Leases |  | Finance Leases
2022 | $ | 12.5 |  |  | $ | 4.1 |
2023 | 11.7 |  |  | 4.1 |
2024 | 9.0 |  |  | 4.2 |
2025 | 7.3 |  |  | 4.2 |
2026 | 4.2 |  |  | 4.3 |
Thereafter | 4.8 |  |  | 52.7 |
Total lease payments | 49.5 |  |  | 73.6 |
Less: imputed interest | (6.7) |  |  | (29.2) |
Total present value of lease liabilities | $ | 42.8 |  |  | $ | 44.4 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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