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LEASES (Tables)
3 Months Ended
Mar. 28, 2020
Leases [Abstract]  
Schedule of Right-of-Use Lease Assets and Lease Liabilities in Condensed Financial Statements
Right-of-use lease assets and lease liabilities are reported in the Company’s unaudited condensed consolidated balance sheets as follows:
March 28, 2020December 28, 2019
(in thousands)
Operating leases
Operating lease right-of-use assets, net$155,568  $140,085  
Other current liabilities$22,469  $20,357  
Operating lease right-of-use liabilities133,440  116,252  
Total operating lease liabilities$155,909  $136,609  
Finance leases
Property, plant and equipment, net$30,859  $32,519  
Current portion of long-term debt and finance leases$2,929  $2,997  
Long-term debt, net and finance leases25,879  27,530  
Total finance lease liabilities$28,808  $30,527  
Schedule of Operating and Finance Lease Costs and Supplemental Cash Flow Information The components of operating and finance lease costs were as follows:
Three Months Ended
March 28, 2020March 30, 2019
(in thousands)
Operating lease costs$8,077  $7,706  
Finance lease costs:
Amortization of right-of-use assets951  921  
Interest on lease liabilities340  296  
Short-term lease costs589  192  
Variable lease costs1,045  335  
Sublease income(586) (46) 
Total lease costs$10,416  $9,404  
Supplemental cash flow information
Three Months Ended
March 28, 2020March 30, 2019
(in thousands)
Cash flows included in the measurement of lease liabilities:
Operating cash flows from operating leases$6,974  $6,533  
Operating cash flows from finance leases340  352  
Finance cash flows from finance leases1,572  838  
Non-cash leases activity:
Right-of-use lease assets obtained in exchange for new operating lease liabilities$25,407  $1,688  
Right-of-use lease assets obtained in exchange for new finance lease liabilities593  —  

Lease term and discount rate
As of
March 28, 2020
Weighted-average remaining lease term (in years)
Operating lease8.40
Finance lease12.71
Weighted-average discount rate
Operating lease4.24  
Finance lease4.54  
Schedule of Future Minimum Lease Payments Under Non-Cancellable Operating Leases As of March 28, 2020, maturities of operating and finance lease liabilities for each of the following five years and a total thereafter were as follows:
Operating LeasesFinance Leases
(in thousands)
2020 (excluding the three months ended March 28, 2020)$21,347  $3,063  
202127,308  3,804  
202223,483  3,754  
202319,810  2,898  
202419,168  2,146  
Thereafter76,170  22,531  
Total minimum future lease payments187,286  38,196  
Less: Imputed interest31,377  9,388  
Total lease liabilities$155,909  $28,808  
Schedule of Future Minimum Lease Payments Under Non-Cancellable Finance Leases As of March 28, 2020, maturities of operating and finance lease liabilities for each of the following five years and a total thereafter were as follows:
Operating LeasesFinance Leases
(in thousands)
2020 (excluding the three months ended March 28, 2020)$21,347  $3,063  
202127,308  3,804  
202223,483  3,754  
202319,810  2,898  
202419,168  2,146  
Thereafter76,170  22,531  
Total minimum future lease payments187,286  38,196  
Less: Imputed interest31,377  9,388  
Total lease liabilities$155,909  $28,808