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Leases (Tables)
9 Months Ended
Sep. 28, 2020
Leases [Abstract]  
Components of Lease Expense

The components of lease expense were as follows:

 

 

 

Quarter Ended

 

 

Three Quarters Ended

 

 

 

September 28, 2020

 

 

September 30, 2019

 

 

September 28, 2020

 

 

September 30, 2019

 

 

 

(In thousands)

 

Operating lease cost

 

$

2,333

 

 

$

2,202

 

 

$

7,041

 

 

$

6,367

 

Variable lease cost

 

 

133

 

 

 

137

 

 

 

376

 

 

 

398

 

Short-term lease cost

 

 

84

 

 

 

95

 

 

 

482

 

 

 

280

 

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

 

 

 

Three Quarters Ended

 

 

 

September 28, 2020

 

 

September 30, 2019

 

 

 

(In thousands)

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

6,636

 

 

$

6,240

 

Right-of-use assets obtained in exchange for new lease obligations:

 

 

 

 

 

 

 

 

Operating leases

 

 

6,559

 

 

 

13,058

 

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

 

 

 

As of

 

 

 

September 28, 2020

 

 

December 30, 2019

 

 

 

(In thousands)

 

Operating lease right-of-use assets

 

$

22,993

 

 

$

22,173

 

Other current liabilities

 

 

7,945

 

 

 

7,111

 

Operating lease liabilities

 

 

15,885

 

 

 

15,413

 

Total operating lease liabilities

 

$

23,830

 

 

$

22,524

 

 

 

 

As of

 

 

 

September 28, 2020

 

 

December 30, 2019

 

Weighted average remaining lease term

 

4.1 years

 

 

4.4 years

 

Weighted average discount rate

 

 

3.53

%

 

 

3.92

%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities were as follows (1):

 

 

 

(In thousands)

 

Less than one year

 

$

9,309

 

1 - 2 years

 

 

5,114

 

2 - 3 years

 

 

4,030

 

3 - 4 years

 

 

3,011

 

4 - 5 years

 

 

2,046

 

Thereafter

 

 

2,148

 

Total lease payments

 

 

25,658

 

Less imputed interest

 

 

(1,828

)

Total

 

$

23,830

 

 

(1)

Excludes $969 of legally binding minimum lease payments for leases signed but not yet commenced.