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Leases (Tables)
 12 Months Ended
Jan. 02, 2021
Leases [Abstract]  
Lease, Cost
The components of lease expense are as follows:
(In thousands)January 2, 2021December 28, 2019
Operating Lease Cost$5,602 $5,534 
Short-Term Lease Cost671 715 
(In thousands)January 2, 2021December 28, 2019
Finance Lease Cost:
ROU asset amortization1,157 1,213 
Interest on lease liabilities74 94 
Total Finance Lease Cost1,231 1,307 
Total Lease Costs$7,504 $7,556 
    
The accompanying consolidated statement of income included expenses from operating leases of $5,575,000 in 2018 recognized under Topic 840, the Company's previous lease accounting standard.
Supplemental cash flow information related to leases is as follows:
(In thousands)January 2, 2021December 28, 2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating cash flows from operating leases$5,782 $5,636 
Operating cash flows from finance leases$74 $93 
Financing cash flows from finance leases$1,139 $1,144 
ROU Assets Obtained in Exchange for Lease Obligations (a):
Operating leases$2,560 $28,484 
Finance leases$622 $3,847 

(a)Included in 2019 were 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 in 2019. 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)Balance Sheet Line ItemJanuary 2, 2021December 28, 2019
Operating Leases:
ROU assetsOther assets$25,460 $27,139 
Short-term liabilitiesOther current liabilities$4,396 $4,184 
Long-term liabilitiesOther long-term liabilities22,198 24,411 
Total operating lease liabilities$26,594 $28,595 
Finance Leases:
ROU assets, at costProperty, plant, and equipment, at cost$3,707 $3,775 
ROU assets accumulated amortizationAccumulated depreciation and amortization(2,108)(1,475)
ROU assets, netProperty, plant, and equipment, net$1,599 $2,300 
Short-term obligationsCurrent maturities of long-term obligations$915 $1,116 
Long-term obligationsLong-term obligations716 1,192 
Total finance lease liabilities$1,631 $2,308 
  January 2, 2021December 28, 2019
Weighted Average Remaining Lease Term (in years):
Operating leases9.410.2
Finance leases2.02.3
Weighted Average Discount Rate:
Operating leases3.88 %3.96 %
Finance leases3.52 %4.10 %
Finance Lease, Liability, Maturity
As of January 2, 2021, future lease payments for lease liabilities are as follows:
OperatingFinance
(In thousands)LeasesLeases
2021$5,332 $951 
20224,359 528 
20233,495 189 
20242,870 8 
20252,616 6 
2026 and Thereafter13,480 — 
Total Future Lease Payments32,152 1,682 
Less: Imputed Interest(5,558)(51)
Present Value of Lease Payments$26,594 $1,631 
Lessee, Operating Lease, Liability, Maturity
As of January 2, 2021, future lease payments for lease liabilities are as follows:
OperatingFinance
(In thousands)LeasesLeases
2021$5,332 $951 
20224,359 528 
20233,495 189 
20242,870 8 
20252,616 6 
2026 and Thereafter13,480 — 
Total Future Lease Payments32,152 1,682 
Less: Imputed Interest(5,558)(51)
Present Value of Lease Payments$26,594 $1,631