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Leases (Tables) | 9 Months Ended
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Sep. 29, 2019
Leases [Abstract] |
Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Population of Leases | Following is a summary of the weighted average remaining lease term and weighted average discount rate for the Company’s population of leases as of September 29, 2019:
|  | Operating Leases |  | Financing Leases |
Weighted average remaining lease term |  | 10.2 years |  | 4.9 years |
Weighted average discount rate |  |  | 4.1 | % |  | 5.7 | %
Summary of Balances Related to Lease Portfolio within Condensed Consolidated Statement of Operations | Following is a summary of balances related to the Company’s lease portfolio within the Company’s condensed consolidated statements of operations for the third quarter and the first nine months of 2019:
(in thousands) |  | Third Quarter 2019 |  |  | First Nine Months 2019 |
Cost of sales impact: |  |  |  |  |  |  |  |
Operating leases costs |  | $ | 1,356 |  |  | $ | 4,039 |
Short-term and variable leases |  |  | 2,814 |  |  |  | 7,393 |
Depreciation expense from financing leases(1) |  |  | 353 |  |  |  | 1,060 |
Total cost of sales impact |  | $ | 4,523 |  |  | $ | 12,492 |
Selling, delivery and administrative expenses impact: |  |  |  |  |  |  |  |
Operating leases costs |  | $ | 3,717 |  |  | $ | 9,639 |
Short-term and variable leases |  |  | 838 |  |  |  | 2,676 |
Depreciation expense from financing leases(1) |  |  | 1,139 |  |  |  | 3,415 |
Total selling, delivery and administrative expenses impact |  | $ | 5,694 |  |  | $ | 15,730 |
Interest expense, net impact: |  |  |  |  |  |  |  |
Interest expense on financing lease obligations(2) |  | $ | 666 |  |  | $ | 2,083 |
Total interest expense, net impact |  | $ | 666 |  |  | $ | 2,083 |
Total lease cost |  | $ | 10,883 |  |  | $ | 30,305 |
(1) | During the third quarter of 2018, the Company had depreciation expense from capital leases of $0.3 million and $1.1 million in cost of sales and SD&A expenses, respectively. During the first nine months of 2018, the Company had depreciation expense from capital leases of $1.0 million and $3.4 million in cost of sales and SD&A expenses, respectively.
(2) | The Company had interest expense on capital lease obligations of $0.8 million during the third quarter of 2018 and $2.6 million during the first nine months of 2018.
Summary of Future Minimum Lease Payments For Noncancelable Operating And Financing Leases | Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of September 29, 2019:
(in thousands) |  | Operating Leases |  |  | Financing Leases |  |  | Total |
Remainder of 2019 |  | $ | 4,556 |  |  | $ | 2,612 |  |  | $ | 7,168 |
2020 |  |  | 19,387 |  |  |  | 10,611 |  |  |  | 29,998 |
2021 |  |  | 17,386 |  |  |  | 6,215 |  |  |  | 23,601 |
2022 |  |  | 13,965 |  |  |  | 2,694 |  |  |  | 16,659 |
2023 |  |  | 11,702 |  |  |  | 2,750 |  |  |  | 14,452 |
Thereafter |  |  | 78,543 |  |  |  | 8,213 |  |  |  | 86,756 |
Total minimum lease payments including interest |  | $ | 145,539 |  |  | $ | 33,095 |  |  | $ | 178,634 |
Less: Amounts representing interest |  |  | 28,726 |  |  |  | 4,074 |  |  |  | 32,800 |
Present value of minimum lease principal payments |  |  | 116,813 |  |  |  | 29,021 |  |  |  | 145,834 |
Less: Current portion of lease liabilities - operating and financing leases |  |  | 14,929 |  |  |  | 9,209 |  |  |  | 24,138 |
Noncurrent portion of lease liabilities - operating and financing leases |  | $ | 101,884 |  |  | $ | 19,812 |  |  | $ | 121,696 |
Summary of Future Minimum Lease Payments For Noncancelable Operating And Capital Leases | Following is a summary of future minimum lease payments for all noncancelable operating leases and capital leases as of December 30, 2018:
(in thousands) |  | Operating Leases |  |  | Capital Leases |  |  | Total |
2019 |  | $ | 14,146 |  |  | $ | 10,434 |  |  | $ | 24,580 |
2020 |  |  | 13,526 |  |  |  | 10,613 |  |  |  | 24,139 |
2021 |  |  | 12,568 |  |  |  | 6,218 |  |  |  | 18,786 |
2022 |  |  | 11,161 |  |  |  | 2,697 |  |  |  | 13,858 |
2023 |  |  | 10,055 |  |  |  | 2,753 |  |  |  | 12,808 |
Thereafter |  |  | 33,805 |  |  |  | 8,106 |  |  |  | 41,911 |
Total minimum lease payments including interest |  | $ | 95,261 |  |  | $ | 40,821 |  |  | $ | 136,082 |
Less: Amounts representing interest |  |  |  |  |  |  | 5,573 |  |  |  |  |
Present value of minimum lease principal payments |  |  |  |  |  |  | 35,248 |  |  |  |  |
Less: Current portion of lease liabilities - capital leases |  |  |  |  |  |  | 8,617 |  |  |  |  |
Noncurrent portion of lease liabilities - capital leases |  |  |  |  |  | $ | 26,631 |  |  |  |  |
Summary of Balances Related to Lease Portfolio within Condensed Consolidated Statement of Cash Flow | Following is a summary of balances related to the Company’s lease portfolio within the Company’s condensed consolidated statement of cash flows for the first nine months of 2019:
(in thousands) |  | First Nine Months 2019 |
Cash flows from operating activities impact: |  |  |  |
Operating leases |  | $ | 13,576 |
Interest payments on financing lease obligations(1) |  |  | 2,083 |
Total cash flows from operating activities impact |  | $ | 15,659 |
Cash flows from financing activities impact: |  |  |  |
Principal payments on financing lease obligations(1) |  | $ | 6,441 |
Total cash flows from financing activities impact |  | $ | 6,441 |
(1) | During the first nine months of 2018, the Company had interest payments on capital lease obligations of $2.6 million and principal payments on capital lease obligations of $6.0 million.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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