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LEASES (Tables) | 12 Months Ended
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Dec. 29, 2024
Leases [Abstract] |
Schedule of Components of Lease Expense | The following table presents components of lease expense (in thousands). Operating lease cost, finance lease amortization and finance lease interest are respectively included in Cost of sales, SG&A expense and Interest expense, net of capitalized interest in the Consolidated Statements of Income.
| Year Ended
| December 29, 2024 |  | December 31, 2023
Operating lease cost(a) | $ | 86,684 |  |  | $ | 92,877 |
Amortization of finance lease assets | 650 |  |  | 921 |
Interest on finance leases | 58 |  |  | 95 |
Short-term lease cost | 103,364 |  |  | 93,739 |
Variable lease cost | 2,577 |  |  | 2,751 |
Net lease cost | $ | 193,333 |  |  | $ | 190,383 |
(a)Sublease income is immaterial and not included in operating lease costs. Supplemental cash flow information related to leases is as follows (in thousands):
| Year Ended
| December 29, 2024 |  | December 31, 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows - operating leases | $ | 84,806 |  |  | $ | 94,087 |
Operating cash flows - finance leases | 40 |  |  | 96 |
Financing cash flows - finance leases | 616 |  |  | 979 |
Operating lease assets obtained in exchange for operating lease liabilities | 66,060 |  |  | 36,967 |
Schedule of Balance Sheet Information Related to Leases | The weighted-average remaining lease term and discount rate for lease liabilities included in our Consolidated Balance Sheets are as follows:
| December 29, 2024 |  | December 31, 2023
Weighted-average remaining lease term: |  |  |
Operating leases | 6.11 years |  | 5.73 years
Finance leases | 3.35 years |  | 4.34 years
Weighted-average discount rate: |  |  |
Operating leases | 4.53 | % |  | 4.24 | %
Finance leases | 2.66 | % |  | 2.81 | %
Lease liabilities are included in our Consolidated Balance Sheets as follows (in thousands):
| December 29, 2024 |  | December 31, 2023
| Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
Accrued expenses and other current liabilities | $ | 63,327 |  |  | $ | — |  |  | $ | 67,440 |  |  | $ | — |
Current maturities of long-term debt | — |  |  | 536 |  |  | — |  |  | 674 |
Noncurrent operating lease liability, less current maturities | 195,944 |  |  | — |  |  | 203,348 |  |  | — |
Long-term debt, less current maturities | — |  |  | 1,256 |  |  | — |  |  | 1,812 |
Total lease liabilities | $ | 259,271 |  |  | $ | 1,792 |  |  | $ | 270,788 |  |  | $ | 2,486 |
Schedule of Maturities of Finance Lease Liability | Future minimum lease payments under noncancelable leases as of December 29, 2024 are as follows (in thousands):
| Operating Leases |  | Finance Leases
For the fiscal years ending December: |  |  |
2025 | $ | 73,332 |  |  | $ | 577 |
2026 | 58,905 |  |  | 553 |
2027 | 45,318 |  |  | 526 |
2028 | 31,595 |  |  | 219 |
2029 | 21,879 |  |  | — |
Thereafter | 63,155 |  |  | — |
Total future minimum lease payments | 294,184 |  |  | 1,875 |
Less: imputed interest | (34,913) |  |  | (83) |
Present value of lease liabilities | $ | 259,271 |  |  | $ | 1,792 |
Schedule of Maturities of Operating Lease Liability | Future minimum lease payments under noncancelable leases as of December 29, 2024 are as follows (in thousands):
| Operating Leases |  | Finance Leases
For the fiscal years ending December: |  |  |
2025 | $ | 73,332 |  |  | $ | 577 |
2026 | 58,905 |  |  | 553 |
2027 | 45,318 |  |  | 526 |
2028 | 31,595 |  |  | 219 |
2029 | 21,879 |  |  | — |
Thereafter | 63,155 |  |  | — |
Total future minimum lease payments | 294,184 |  |  | 1,875 |
Less: imputed interest | (34,913) |  |  | (83) |
Present value of lease liabilities | $ | 259,271 |  |  | $ | 1,792 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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 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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