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

The components of lease expense were as follows:

 

 

 

For the Year Ended

 

 

 

December 28, 2020

 

 

December 30, 2019

 

 

 

(In thousands)

 

Operating lease cost

 

$

9,304

 

 

$

8,560

 

Variable lease cost

 

 

529

 

 

 

591

 

Short-term lease cost

 

 

525

 

 

 

520

 

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

 

 

 

For the Year Ended

 

 

 

December 28, 2020

 

 

December 30, 2019

 

 

 

(In thousands)

 

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

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

8,865

 

 

$

8,265

 

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

 

 

 

 

 

 

 

 

Operating leases

 

 

10,036

 

 

 

13,596

 

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

 

 

 

As of

 

 

 

December 28, 2020

 

 

December 30, 2019

 

 

 

(In thousands)

 

Operating lease right-of-use assets

 

$

24,340

 

 

$

22,173

 

Other current liabilities

 

 

8,144

 

 

 

7,111

 

Operating lease liabilities

 

 

17,211

 

 

 

15,413

 

Total operating lease liabilities

 

$

25,355

 

 

$

22,524

 

 

 

 

As of

 

 

 

December 28, 2020

 

 

December 30, 2019

 

Weighted average remaining lease term

 

4.2 years

 

 

4.4 years

 

Weighted average discount rate

 

 

3.31

%

 

 

3.92

%

Maturities of Operating Lease Liabilities

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

 

 

 

(In thousands)

 

Less than one year

 

$

9,170

 

1 - 2 years

 

 

5,240

 

2 - 3 years

 

 

4,562

 

3 - 4 years

 

 

3,586

 

4 - 5 years

 

 

2,313

 

Thereafter

 

 

2,336

 

Total lease payments

 

 

27,207

 

Less imputed interest

 

 

(1,852

)

Total

 

$

25,355

 

 

 

(1)

Excludes $955 of legally binding minimum lease payments for leases signed but not yet commenced.

 

Schedule of Future Minimum Lease Payments

The following is a schedule of future minimum lease payments as of December 31, 2018:

 

 

Operating Leases

 

 

 

(In thousands)

 

2019

 

$

6,204

 

2020

 

 

4,677

 

2021

 

 

3,406

 

2022

 

 

2,408

 

2023

 

 

2,172

 

Thereafter

 

 

4,172

 

Total minimum lease payments

 

$

23,039