XML 52 R38.htm IDEA: XBRL DOCUMENT v3.20.2
LEASES (Tables)
 9 Months Ended
Sep. 26, 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:
September 26, 2020December 28, 2019
(in thousands)
Operating leases
Operating lease right-of-use assets, net$168,379 $140,085 
Other current liabilities$24,870 $20,357 
Operating lease right-of-use liabilities146,578 116,252 
Total operating lease liabilities$171,448 $136,609 
Finance leases
Property, plant and equipment, net$30,247 $32,519 
Current portion of long-term debt and finance leases$2,929 $2,997 
Long-term debt, net and finance leases24,854 27,530 
Total finance lease liabilities$27,783 $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 EndedNine Months Ended
September 26, 2020September 28, 2019September 26, 2020September 28, 2019
(in thousands)
Operating lease costs$8,416 $7,839 $24,387 $23,433 
Finance lease costs:
Amortization of right-of-use assets966 1,070 2,853 2,921 
Interest on lease liabilities323 360 986 1,001 
Short-term lease costs530 256 1,644 652 
Variable lease costs1,556 646 3,669 1,911 
Sublease income(440)(383)(1,216)(474)
Total lease costs$11,351 $9,788 $32,323 $29,444 
Supplemental cash flow information
Nine Months Ended
September 26, 2020September 28, 2019
(in thousands)
Cash flows included in the measurement of lease liabilities:
Operating cash flows from operating leases$21,959 $20,084 
Operating cash flows from finance leases986 1,058 
Finance cash flows from finance leases3,474 2,862 
Non-cash leases activity:
Right-of-use lease assets obtained in exchange for new operating lease liabilities$50,491 $20,805 
Right-of-use lease assets obtained in exchange for new finance lease liabilities735 4,741 

Lease term and discount rate                                    
As of
September 26, 2020
Weighted-average remaining lease term (in years)
Operating lease8.24
Finance lease12.60
Weighted-average discount rate
Operating lease4.16 
Finance lease4.52 
Schedule of Future Minimum Lease Payments Under Non-Cancellable Operating Leases
As of September 26, 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 nine months ended September 26, 2020)$7,846 $1,134 
202130,704 3,904 
202226,432 3,342 
202323,321 3,030 
202422,636 2,810 
Thereafter94,238 22,511 
Total minimum future lease payments205,177 36,731 
Less: Imputed interest33,729 8,948 
Total lease liabilities$171,448 $27,783 
Schedule of Future Minimum Lease Payments Under Non-Cancellable Finance Leases
As of September 26, 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 nine months ended September 26, 2020)$7,846 $1,134 
202130,704 3,904 
202226,432 3,342 
202323,321 3,030 
202422,636 2,810 
Thereafter94,238 22,511 
Total minimum future lease payments205,177 36,731 
Less: Imputed interest33,729 8,948 
Total lease liabilities$171,448 $27,783