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LEASES (Tables)
 12 Months Ended
Dec. 28, 2024
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 consolidated balance sheets as follows:
December 28, 2024December 30, 2023
(in thousands)
Operating leases
Operating lease right-of-use assets, net$412,490 $394,029 
Other current liabilities$54,159 $54,908 
Operating lease right-of-use liabilities483,789 419,234 
Total operating lease liabilities$537,948 $474,142 
Finance leases
Property, plant and equipment, net$28,900$29,422
Current portion of long-term debt and finance leases$2,774$2,398
Long-term debt, net and finance leases25,67026,152
Total finance lease liabilities$28,444$28,550
Schedule of Operating and Finance Lease Costs and Supplemental Cash Flow Information
The following table presents the components of operating and finance lease costs within the Company’s consolidated statements of income:
Fiscal Year
202420232022
(in thousands)
Operating lease costs$71,058 $65,380 $59,671 
Finance lease costs:
Amortization of right-of-use assets3,111 2,745 3,035 
Interest on lease liabilities1,548 1,477 1,441 
Short-term lease costs3,904 3,581 2,954 
Variable lease costs29,192 22,159 13,965 
Sublease income(2,156)(2,067)(1,912)
Total lease costs$106,657 $93,275 $79,154 
Other information related to leases was as follows:
Supplemental cash flow information
Fiscal Year
202420232022
(in thousands)
Cash flows included in the measurement of lease liabilities:
Operating cash flows from operating leases$74,732 $60,239 $48,360 
Operating cash flows from finance leases1,529 1,476 1,442 
Finance cash flows from finance leases2,917 2,297 2,257 
Non-cash leases activity:
Right-of-use lease assets obtained in exchange for new operating lease liabilities$114,740 $75,987 $189,134 
Right-of-use lease assets obtained in exchange for new finance lease liabilities3,214 — 8,179 
Lease term and discount rate
December 28, 2024December 30, 2023December 31, 2022
Weighted-average remaining lease term (in years)
Operating lease9.59.69.8
Finance lease11.412.713.6
Weighted-average discount rate
Operating lease5.1 %4.7 %4.3 %
Finance lease5.3 %5.3 %5.3 %
Schedule of Future Minimum Lease Payments Under Non-Cancellable Operating Leases After Adoption
As of December 28, 2024, 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)
2025$77,877 $4,207 
202674,076 3,715 
202775,091 3,692 
202872,349 3,691 
202967,662 3,027 
Thereafter324,352 20,156 
Total minimum future lease payments691,407 38,488 
Less: Imputed interest153,459 10,044 
Total lease liabilities$537,948 $28,444 
Schedule of Future Minimum Lease Payments Under Non-Cancellable Finance Leases After Adoption
As of December 28, 2024, 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)
2025$77,877 $4,207 
202674,076 3,715 
202775,091 3,692 
202872,349 3,691 
202967,662 3,027 
Thereafter324,352 20,156 
Total minimum future lease payments691,407 38,488 
Less: Imputed interest153,459 10,044 
Total lease liabilities$537,948 $28,444