XML 46 R38.htm IDEA: XBRL DOCUMENT v3.23.3
Leases (Tables)
 9 Months Ended
Oct. 01, 2023
Leases [Abstract]  
Summary of Balance Sheet Location and Values of Company's Lease Assets and Lease Liabilities The following table sets forth the balance sheet location and aggregate values of the Company’s lease assets and lease liabilities at October 1, 2023 and December 31, 2022:
ClassificationBalance Sheet LocationOctober 1, 2023December 31, 2022
Lease Assets
Operating lease assetsRight of Use Asset - Operating Leases$311,642 $296,781 
Finance lease assetsOther Assets97,863 103,467 
Total lease assets$409,505 $400,248 
Lease Liabilities
Current operating lease liabilitiesAccrued expenses and other$54,526 $52,306 
Current finance lease liabilitiesNotes payable and current portion of debt19,426 19,015 
Total current lease liabilities$73,952 $71,321 
Noncurrent operating lease liabilitiesNoncurrent Operating Lease Liabilities$262,667 $250,994 
Noncurrent finance lease liabilitiesLong-term Debt, Net of Current Portion76,628 83,905 
Total noncurrent lease liabilities$339,295 $334,899 
Total lease liabilities$413,247 $406,220 
Summary of Components of Company's Total Lease Costs and Other Lease Related Information
The following table sets forth the components of the Company’s total lease cost for the three- and nine-month periods ended October 1, 2023 and October 2, 2022:
Three Months EndedNine Months Ended
Lease CostOctober 1, 2023October 2, 2022October 1, 2023October 2, 2022
Operating lease cost(a)$14,075 $12,863 $41,377 $38,679 
Finance lease cost:
     Amortization of lease asset(a)3,468 3,133 10,187 9,122 
     Interest on lease liabilities(b)1,146 1,270 3,519 3,517 
Variable lease cost(a) (c)9,525 7,894 30,198 22,416 
Impairment charges(d)— 61 — 293 
Total lease cost$28,214 $25,221 $85,281 $74,027 
(a) Production-related and administrative amounts are included in cost of sales and selling, general and administrative expenses, respectively.
(b) Included in interest expense.
(c) Also includes short term lease costs, which are deemed immaterial.
Schedule of Weighted Average Remaining Lease Terms, Discounts Rates and Other Lease Information The following table sets forth certain lease-related information for the nine-month periods ended October 1, 2023 and October 2, 2022:
Nine Months Ended
October 1, 2023October 2, 2022
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows used by operating leases $41,406 $39,405 
     Operating cash flows used by finance leases$3,519 $3,517 
     Financing cash flows used by finance leases$12,359 $9,181 
Noncash investing and financing activities:
     Leased assets obtained in exchange for new operating lease liabilities$11,529 $31,048 
     Leased assets obtained in exchange for new finance lease liabilities$5,783 $8,224 
     Modification to leased assets for increase in operating lease liabilities$2,357 $2,258 
     Modification to leased assets for increase/(decrease) in finance lease liabilities $12 $(642)
     Termination reclasses to decrease operating lease assets$(3,334)$(4,133)
     Termination reclasses to decrease operating lease liabilities$(3,834)$(4,382)
     Termination reclasses to decrease finance lease assets$— $(1,351)
     Termination reclasses to decrease finance lease liabilities $(12)$(87)