Leases (Tables)

9 Months Ended

Sep. 27, 2021

The components of lease expense were as follows:

Supplemental cash flow information related to leases was as follows:

	Three Quarters Ended
	September 27, 2021		September 28, 2020
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,321	$	6,636
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases		1,954		6,559
Finance lease		15,256		—

Supplemental balance sheet information related to leases was as follows:

		As of
	Balance Sheet Location	September 27, 2021		December 28, 2020
		(In thousands)
Assets:
Operating leases	Operating lease right-of-use assets	$	16,794	$	24,340
Finance lease	Property, plant and equipment, net		14,743		—
Total lease assets		$	31,537	$	24,340
Liabilities:
Current:
Operating leases	Other current liabilities	$	5,528	$	8,144
Finance lease	Other current liabilities		639		—
Long-term:
Operating leases	Operating lease liabilities		12,077		17,211
Finance lease	Other long-term liabilities		14,124		—
Total lease liabilities		$	32,368	$	25,355

	As of
	September 27, 2021			December 28, 2020
Weighted average remaining lease term (years):
Operating leases	4.1			4.2
Finance lease	14.9				—
Weighted average discount rate:
Operating leases		2.89	%		3.31	%
Finance lease		2.69	%		—

Maturities of the Company’s lease liabilities were as follows ⁽¹⁾:

(1)

Excludes $851 of legally binding minimum lease payments for leases signed but not yet commenced.