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Leases (Tables)
3 Months Ended
Mar. 30, 2025
Leases [Abstract]  
Schedule 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 March 30, 2025 and December 31, 2024:
ClassificationBalance Sheet LocationMarch 30, 2025December 31, 2024
Lease Assets
Operating lease assetsRight of Use Asset - Operating Leases$329,601 $307,688 
Finance lease assetsOther Assets64,224 76,831 
Total lease assets$393,825 $384,519 
Lease Liabilities
Current operating lease liabilitiesAccrued expenses and other$57,123 $52,648 
Current finance lease liabilitiesNotes payable and current portion of long-term debt24,373 22,284 
Total current lease liabilities$81,496 $74,932 
Noncurrent operating lease liabilitiesNoncurrent Operating Lease Liabilities$277,932 $258,735 
Noncurrent finance lease liabilitiesLong-term Debt, net of current portion35,502 45,344 
Total noncurrent lease liabilities$313,434 $304,079 
Total lease liabilities$394,930 $379,011 
Schedule 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-month periods ended March 30, 2025 and March 31, 2024:
Three Months Ended
Lease CostMarch 30, 2025March 31, 2024
Operating lease cost(a)$15,484 $13,370 
Finance lease cost:
     Amortization of lease asset(a)3,002 3,085 
     Interest on lease liabilities(b)700 921 
Variable lease cost(a) (c)12,422 6,597 
Impairment charges(d)633 — 
Total lease cost$32,241 $23,973 
(a) Production-related costs are included in “Cost of sales” and administrative costs are included in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Income.
(b) Included in “Interest expense” in the Condensed Consolidated Statements of Income.
(c) Also includes short term lease costs, which are deemed immaterial.
(d) Impairment charges are included in “Restructuring/asset impairment charges” in the Company’s Condensed Consolidated Statements of Income. See Note 6 for additional information.
Schedule of Weighted Average Remaining Lease Terms, Discounts Rates and Other Lease Information The following table sets forth certain lease-related information for the three-month periods ended March 30, 2025 and March 31, 2024:
Three Months Ended
March 30, 2025March 31, 2024
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows used by operating leases $14,226 $11,411 
     Operating cash flows used by finance leases$700 $921 
     Financing cash flows used by finance leases$3,057 $3,684 
Noncash investing and financing activities:
     Leased assets obtained in exchange for new operating lease liabilities$11,011 $26,432 
     Leased assets obtained in exchange for new finance lease liabilities$2,279 $2,042 
     Modification to leased assets for increase in operating lease liabilities$16,626 $4,171 
     Modification to leased assets for increase/(decrease) in finance lease liabilities $(10,440)$— 
     Termination reclasses to decrease operating lease assets$(232)$(1,103)
     Termination reclasses to decrease operating lease liabilities$(274)$(1,316)
     Termination reclasses to decrease finance lease assets$(82)$— 
     Termination reclasses to decrease finance lease liabilities $(84)$—