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Leases (Tables)
 12 Months Ended
Jan. 01, 2022
Leases [Abstract]  
Components of lease expense
The components of lease expense are as follows:
(In thousands)January 1, 2022January 2, 2021December 28, 2019
Operating Lease Cost$5,895 $5,602 $5,534 
Short-Term Lease Cost674 671 715 
Finance Lease Cost:
ROU asset amortization1,045 1,157 1,213 
Interest on lease liabilities46 74 94 
Total Finance Lease Cost1,091 1,231 1,307 
Total Lease Costs$7,660 $7,504 $7,556 
    
Supplemental cash flow information related to leases is as follows:
(In thousands)January 1, 2022January 2, 2021December 28, 2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating cash flows from operating leases$12,474 $5,782 $5,636 
Operating cash flows from finance leases$46 $74 $93 
Financing cash flows from finance leases$1,044 $1,139 $1,144 
ROU Assets Obtained in Exchange for Lease Obligations (a):
Operating leases$7,247 $2,560 $28,484 
Finance leases$1,147 $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
Supplemental balance sheet information related to leases is as follows:
(In thousands)Balance Sheet Line ItemJanuary 1, 2022January 2, 2021
Operating Leases:
ROU assets (a)Other current assets$2,341 $— 
ROU assetsOther assets24,998 25,460 
Total operating lease assets$27,339 $25,460 
Short-term liabilitiesOther current liabilities$4,596 $4,396 
Long-term liabilitiesOther long-term liabilities19,959 22,198 
Total operating lease liabilities$24,555 $26,594 
(In thousands)Balance Sheet Line ItemJanuary 1, 2022January 2, 2021
Finance Leases:
ROU assets, at costProperty, plant, and equipment, at cost$4,076 $3,707 
ROU assets accumulated amortizationAccumulated depreciation and amortization(2,489)(2,108)
ROU assets, netProperty, plant, and equipment, net$1,587 $1,599 
Short-term obligationsShort-term obligations and current maturities of long-term obligations$862 $915 
Long-term obligationsLong-term obligations748 716 
Total finance lease liabilities$1,610 $1,631 
(a)    See Note 15, Subsequent Event, for further details.
  January 1, 2022January 2, 2021
Weighted Average Remaining Lease Term (in years):
Operating leases8.79.4
Finance leases2.12.0
Weighted Average Discount Rate:
Operating leases3.82 %3.88 %
Finance leases2.55 %3.52 %
Future lease payments for operating lease liabilities
As of January 1, 2022, future lease payments for lease liabilities are as follows:
OperatingFinance
(In thousands)LeasesLeases
2022$5,379 $889 
20234,316 561 
20243,292 178 
20252,727 17 
20262,179 3 
2027 and Thereafter11,343 — 
Total Future Lease Payments29,236 1,648 
Less: Imputed Interest(4,681)(38)
Present Value of Lease Payments$24,555 $1,610 
Future lease payments for finance lease liabilities
As of January 1, 2022, future lease payments for lease liabilities are as follows:
OperatingFinance
(In thousands)LeasesLeases
2022$5,379 $889 
20234,316 561 
20243,292 178 
20252,727 17 
20262,179 3 
2027 and Thereafter11,343 — 
Total Future Lease Payments29,236 1,648 
Less: Imputed Interest(4,681)(38)
Present Value of Lease Payments$24,555 $1,610