Leases (Tables)

12 Months Ended

Dec. 28, 2019

The components of lease expense are as follows:



(In thousands)	December 28, 2019
Operating Lease Cost	$	5,534

Short-Term Lease Cost	715

Finance Lease Cost:
ROU asset amortization	1,213
Interest on lease liabilities	94
Total Finance Lease Cost	1,307

Total Lease Costs	$	7,556

The accompanying consolidated statement of income included expenses from operating leases of $5,575,000 in 2018 and $4,955,000 in 2017 recognized under Topic 840, the Company's previous lease accounting standard.

Supplemental cash flow information related to leases is as follows:



(In thousands)	December 28, 2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating cash flows from operating leases	$	5,636
Operating cash flows from finance leases	$	93
Financing cash flows from finance leases	$	1,144

ROU Assets Obtained in Exchange for Lease Obligations (a):
Operating leases	$	28,484
Finance leases	$	3,847

(a)

Includes additions related to the transition adjustment for the adoption of ASC 842. The post-adoption additions of operating leases were $13,167,000, of which $10,994,000 related to ROU assets obtained as part of the acquisition of SMH. The post-adoption additions of finance leases were $2,496,000, of which $528,000 related to ROU assets obtained as part of the acquisition of SMH.

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:



(In thousands, except lease term and discount rate)	Balance Sheet Line Item	December 28, 2019
Operating Leases:
ROU assets	Other assets	$	27,139

Short-term liabilities	Other current liabilities	$	4,184
Long-term liabilities	Other long-term liabilities	24,411
Total operating lease liabilities		$	28,595

Finance Leases:
ROU assets, at cost	Property, plant, and equipment, at cost	$	3,775
ROU assets accumulated amortization	Less: accumulated depreciation and amortization	(1,475		)
ROU assets, net	Property, plant, and equipment, net	$	2,300

Short-term obligations	Current maturities of long-term obligations	$	1,116
Long-term obligations	Long-term obligations	1,192
Total finance lease liabilities		$	2,308

Weighted Average Remaining Lease Term:
Operating leases		10.2
Finance leases		2.3

Weighted Average Discount Rate:
Operating leases		3.96		%
Finance leases		4.10		%

Finance Lease, Liability, Maturity

As of December 28, 2019, future lease payments for lease liabilities are as follows:



	Operating			Finance
(In thousands)	Leases			Leases
2020	$	5,221		$	1,186
2021	4,406			815
2022	3,687			319
2023	3,108			85
2024	2,703			7
Thereafter	15,998			5
Total Future Lease Payments	35,123			2,417
Less: Imputed Interest	(6,528		)	(109		)
Present Value of Lease Payments	$	28,595		$	2,308

Lessee, Operating Lease, Liability, Maturity

As of December 28, 2019, future lease payments for lease liabilities are as follows:



	Operating			Finance
(In thousands)	Leases			Leases
2020	$	5,221		$	1,186
2021	4,406			815
2022	3,687			319
2023	3,108			85
2024	2,703			7
Thereafter	15,998			5
Total Future Lease Payments	35,123			2,417
Less: Imputed Interest	(6,528		)	(109		)
Present Value of Lease Payments	$	28,595		$	2,308

Schedule of Future Minimum Rental Payments for Operating Leases

ture minimum lease payments for noncancelable operating leases under Topic 840, its previous lease accounting standard, as follows:



(In thousands)	December 29, 2018
2019	$	4,507
2020	3,275
2021	2,230
2022	1,579
2023	987
Thereafter	1,713
Total Future Minimum Lease Payments	$	14,291