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LEASES (Tables)

12 Months Ended

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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Assets and Liabilities Lessee [Table Text Block]

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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

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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

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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

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