XML 68 R14.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Lease Receivable | 12 Months Ended
--- | ---
Dec. 28, 2024
Leases [Abstract] |
Lease Receivable | 6. Lease Receivable For deferred equipment agreements that contain embedded operating leases, upon lease commencement, the Company defers and records the equipment cost of operating lease assets within property, plant and equipment, net of accumulated depreciation. These operating lease assets are subsequently amortized to cost of goods sold over the lease term on a straight-line basis. For deferred equipment agreements that contain embedded sales-type leases, the Company recognizes lease revenue and costs, as well as a lease receivable, at the time the lease commences. Lease revenue related to both operating-type and sales-type leases for the years ended December 28, 2024 and December 30, 2023 was approximately $44.0 million and $58.0 million, respectively. Costs related to embedded leases within the Company’s deferred equipment agreements are included in cost of goods sold in the accompanying consolidated statement of operations. Lease receivable from sales-type leases consists of the following:
(in millions) | December 28, 2024 |  | December 30, 2023
Lease receivable | $ | 85.5 |  |  | $ | 101.9 |
Allowance for credit loss | (0.2) |  |  | (0.3) |
Lease receivable, net | 85.3 |  |  | 101.6 |
Less: current portion of lease receivable | (26.6) |  |  | (30.2) |
Lease receivable, non-current | $ | 58.7 |  |  | $ | 71.4 |
As of December 28, 2024, estimated future maturities of customer sales-type lease receivables and operating lease payments for each of the following fiscal years are as follows:
| Future Lease Receivables/Payments (in millions)
Fiscal year | Sales-Type Leases |  | Operating Leases
2025 | $ | 26.5 |  |  | $ | 25.5 |
2026 | 21.4 |  |  | 24.3 |
2027 | 15.9 |  |  | 20.2 |
2028 | 10.3 |  |  | 15.7 |
2029 | 7.2 |  |  | 14.0 |
Thereafter | 4.0 |  |  | 11.8 |
Total | $ | 85.3 |  |  | $ | 111.5 |
Less: imputed interest(1) | — |  |  |
Present value of total lease payments | $ | 85.3 |  |  |
______________ (1) The calculation of the rates implicit in the leases resulted in negative discount rates. Therefore, the Company as a lessor used a 0% discount rate to measure the net investment in the lease.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of lessor's sales-type leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
Name: | us-gaap_LessorSalesTypeLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration