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Leases | 12 Months Ended
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Dec. 28, 2019
Leases [Abstract] |
Leases | LEASES In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842). The Company adopted the new standard on December 30, 2018 using the modified retrospective approach and is using the effective date as the Company's date of initial application and consequently, financial information will not be updated and the disclosures required under the this ASU will not be provided for dates and periods before December 30, 2018. The Company has elected the package of expedients, which permits the Company not to reassess under the new standard the Company's prior conclusions about lease identification, lease classification and initial direct costs. The Company did not elect the use-of-hindsight or the practical expedient pertaining to land easements; the latter not being applicable to the Company. The Company leases certain real and personal property under non-cancelable operating leases. In addition, the Company leases a large portion of the Company's fleet of tractors, all of its rail cars, some IT equipment and other transportation equipment. The Company's office leases include certain lease and non-lease components, where the Company has elected to exclude the non-lease components from the calculation of the lease liability and ROU asset. The Company has finance leases, which are not significant to the Company and not separately disclosed in detail. In addition, the Company's other variable lease payments are not significant. The components of operating lease expense included in cost of sales and operating expenses and selling, general and administrative expenses were as follows (in thousands):
| Twelve Months Ended
| December 28, 2019
Operating lease expense | $ | 48,858 |
Short-term lease costs | 18,163 |
Total lease cost | $ | 67,021 |
Other information (in thousands, except lease terms and discount rates):
| Twelve Months Ended
| December 28, 2019
Cash paid for amounts included in the measurement lease liabilities |
Operating cash flows from operating leases | $ | 47,691 |
Operating right-of-use assets, net | $ | 124,726 |
Operating lease liabilities, current | $ | 37,805 |
Operating lease liabilities, non-current | 91,424 |
Total operating lease liabilities | $ | 129,229 |
Weighted average remaining lease term - operating leases | 6.46 years |
Weighted average discount rate - operating leases | 4.55 | %
Future annual minimum lease payments and capital lease commitments as of December 28, 2019 were as follows (in thousands):
Period Ending Fiscal | Operating Leases | Capital Leases
2020 | $ | 46,062 |  | $ | 119 |
2021 | 34,039 |  | 12 |
2022 | 23,920 |  | 11 |
2023 | 19,287 |  | 5 |
2024 | 13,230 |  | 4 |
Thereafter | 26,088 |  | — |
| 162,626 |  | 151 |
Less amounts representing interest | (33,397 | ) | (6 | )
Lease obligations included in current and long-term liabilities | 129,229 |  | 145 |
The Company adopted ASU 2016-02 on December 30, 2018 as noted above. The following disclosure is provided for periods prior to adoption. Future annual minimum lease payments and capital lease commitments as of December 29, 2018 were as follows (in thousands):
Period Ending Fiscal | Operating Leases | Capital Leases
2020 | $ | 46,316 |  | $ | 271 |
2021 | 34,403 |  | 152 |
2022 | 22,252 |  | 6 |
2023 | 13,091 |  | 6 |
2024 | 8,478 |  | — |
Thereafter | 28,219 |  | — |
| $ | 152,759 |  | $ | 435 |
Less amounts representing interest |  | (20 | )
Capital lease obligations included in current and long-term debt |  | $ | 415 |
Rent expense was approximately $51.8 million and $48.7 million, for the fiscal years ended December 29, 2018 and December 30, 2017, respectively. The Company's capital lease assets are included in property, plant and equipment and the capital lease obligations are included in the Company's current and long-term debt obligations on the consolidated balance sheet.
Leases | LEASES In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842). The Company adopted the new standard on December 30, 2018 using the modified retrospective approach and is using the effective date as the Company's date of initial application and consequently, financial information will not be updated and the disclosures required under the this ASU will not be provided for dates and periods before December 30, 2018. The Company has elected the package of expedients, which permits the Company not to reassess under the new standard the Company's prior conclusions about lease identification, lease classification and initial direct costs. The Company did not elect the use-of-hindsight or the practical expedient pertaining to land easements; the latter not being applicable to the Company. The Company leases certain real and personal property under non-cancelable operating leases. In addition, the Company leases a large portion of the Company's fleet of tractors, all of its rail cars, some IT equipment and other transportation equipment. The Company's office leases include certain lease and non-lease components, where the Company has elected to exclude the non-lease components from the calculation of the lease liability and ROU asset. The Company has finance leases, which are not significant to the Company and not separately disclosed in detail. In addition, the Company's other variable lease payments are not significant. The components of operating lease expense included in cost of sales and operating expenses and selling, general and administrative expenses were as follows (in thousands):
| Twelve Months Ended
| December 28, 2019
Operating lease expense | $ | 48,858 |
Short-term lease costs | 18,163 |
Total lease cost | $ | 67,021 |
Other information (in thousands, except lease terms and discount rates):
| Twelve Months Ended
| December 28, 2019
Cash paid for amounts included in the measurement lease liabilities |
Operating cash flows from operating leases | $ | 47,691 |
Operating right-of-use assets, net | $ | 124,726 |
Operating lease liabilities, current | $ | 37,805 |
Operating lease liabilities, non-current | 91,424 |
Total operating lease liabilities | $ | 129,229 |
Weighted average remaining lease term - operating leases | 6.46 years |
Weighted average discount rate - operating leases | 4.55 | %
Future annual minimum lease payments and capital lease commitments as of December 28, 2019 were as follows (in thousands):
Period Ending Fiscal | Operating Leases | Capital Leases
2020 | $ | 46,062 |  | $ | 119 |
2021 | 34,039 |  | 12 |
2022 | 23,920 |  | 11 |
2023 | 19,287 |  | 5 |
2024 | 13,230 |  | 4 |
Thereafter | 26,088 |  | — |
| 162,626 |  | 151 |
Less amounts representing interest | (33,397 | ) | (6 | )
Lease obligations included in current and long-term liabilities | 129,229 |  | 145 |
The Company adopted ASU 2016-02 on December 30, 2018 as noted above. The following disclosure is provided for periods prior to adoption. Future annual minimum lease payments and capital lease commitments as of December 29, 2018 were as follows (in thousands):
Period Ending Fiscal | Operating Leases | Capital Leases
2020 | $ | 46,316 |  | $ | 271 |
2021 | 34,403 |  | 152 |
2022 | 22,252 |  | 6 |
2023 | 13,091 |  | 6 |
2024 | 8,478 |  | — |
Thereafter | 28,219 |  | — |
| $ | 152,759 |  | $ | 435 |
Less amounts representing interest |  | (20 | )
Capital lease obligations included in current and long-term debt |  | $ | 415 |
Rent expense was approximately $51.8 million and $48.7 million, for the fiscal years ended December 29, 2018 and December 30, 2017, respectively. The Company's capital lease assets are included in property, plant and equipment and the capital lease obligations are included in the Company's current and long-term debt obligations on the consolidated balance sheet.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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