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Leases (Tables)
 12 Months Ended
Dec. 29, 2024
Leases [Abstract]  
Components Of Operating And Finance Lease Cost

The components of operating and finance lease cost for 2024, 2023 and 2022 were as follows:

 

 

2024

 

 

2023

 

 

2022

 

Operating lease cost

 

$

50,058

 

 

$

47,579

 

 

$

47,039

 

 

 

 

 

 

 

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

5,644

 

 

 

5,545

 

 

 

5,235

 

Interest on lease liabilities

 

 

4,090

 

 

 

4,340

 

 

 

4,369

 

Total finance lease cost

 

$

9,734

 

 

$

9,885

 

 

$

9,604

 
Schedule of Supplemental Balance Sheet Information Related To Finance Leases

Supplemental balance sheet information related to the Company’s finance leases as of December 29, 2024 and December 31, 2023 was as follows:

 

 

December 29,
2024

 

 

December 31,
2023

 

Land and buildings

 

$

79,966

 

 

$

83,969

 

Equipment

 

 

4,640

 

 

 

4,284

 

Finance lease assets

 

 

84,606

 

 

 

88,253

 

Accumulated depreciation and amortization

 

 

(28,148

)

 

 

(24,159

)

Finance lease assets, net

 

$

56,458

 

 

$

64,094

 

 

 

 

 

 

 

 

Current portion of long-term debt

 

$

4,895

 

 

$

4,778

 

Long-term debt, less current portion

 

 

61,163

 

 

 

68,704

 

Total principal payable on finance leases

 

$

66,058

 

 

$

73,482

 

 

As of December 29, 2024 and December 31, 2023, the weighted average remaining lease term and weighted average discount rate for the Company’s operating and finance leases were as follows:

 

 

2024

 

 

2023

 

 

 

Operating

 

 

Finance

 

 

Operating

 

 

Finance

 

 

 

Leases

 

 

Leases

 

 

Leases

 

 

Leases

 

Weighted average remaining lease term

 

7 years

 

 

12 years

 

 

7 years

 

 

13 years

 

Weighted average discount rate

 

 

4.6

%

 

 

6.1

%

 

 

4.3

%

 

 

6.1

%
Schedule Of Supplemental Cash Flow Information Related To Leases

Supplemental cash flow information related to leases for 2024, 2023 and 2022 was as follows:

 

 

2024

 

 

2023

 

 

2022

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

50,636

 

 

$

46,936

 

 

$

45,082

 

Operating cash flows from finance leases

 

 

4,090

 

 

 

4,340

 

 

 

4,369

 

Financing cash flows from finance leases

 

 

4,683

 

 

 

4,184

 

 

 

4,176

 

Cash paid for amounts included in the measurement of
   financing obligation from sale leaseback:

 

 

 

 

 

 

 

 

 

Operating cash flows from sale leaseback

 

 

1,293

 

 

 

201

 

 

 

—

 

Financing cash flows from sale leaseback

 

 

89

 

 

 

21

 

 

 

—

 

Right-of-use assets obtained in exchange for new lease obligations:

 

 

 

 

 

 

 

 

 

Operating leases

 

 

53,076

 

 

 

34,313

 

 

 

64,660

 

Finance leases

 

 

1,442

 

 

 

3,842

 

 

 

478

 

 
Schedule Of Maturities Of Operating And Finance Leases Liabilities

Maturities of lease liabilities as of December 29, 2024 were as follows:

 

 

 

Operating

 

 

Finance

 

 

 

Leases

 

 

Leases

 

2025

 

$

49,446

 

 

$

8,566

 

2026

 

 

47,740

 

 

 

9,258

 

2027

 

 

40,144

 

 

 

8,172

 

2028

 

 

33,242

 

 

 

7,099

 

2029

 

 

28,657

 

 

 

7,132

 

Thereafter

 

 

62,750

 

 

 

50,514

 

Total future minimum rental commitments

 

 

261,979

 

 

 

90,741

 

Less, amounts representing interest

 

 

(40,076

)

 

 

(24,683

)

Total lease liabilities

 

$

221,903

 

 

$

66,058