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Leases | 12 Months Ended
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Dec. 28, 2024
Leases [Abstract] |
Leases | Leases The Company enters into operating and finance lease commitments primarily for its manufacturing and office space, vehicles, and equipment that expire on various dates over the next 17 years, some of which include assumed options to extend the lease term for up to 10 years. In addition, the Company leases land associated with certain of its buildings in Canada and China under long-term leases expiring in 2032 to 2071. The lease in Canada also includes an assumed option to extend the term for up to 10 years. The components of lease expense are as follows:
(In thousands) |  | December 28, 2024 |  | December 30, 2023 |  | December 31, 2022 |  |  |  |
Operating Lease Cost (a) |  | $ | 8,153 |  |  | $ | 6,355 |  |  | $ | 5,870 |  |  |  |  |
Short-Term Lease Cost |  | 810 |  |  | 698 |  |  | 697 |  |  |  |  |
(In thousands) |  | December 28, 2024 |  | December 30, 2023 |  | December 31, 2022 |  |  |  |
Finance Lease Cost: |  |  |  |  |  |  |  |  |  |
ROU asset amortization |  | $ | 1,168 |  |  | $ | 1,103 |  |  | $ | 1,026 |  |  |  |  |
Interest on lease liabilities |  | 100 |  |  | 74 |  |  | 52 |  |  |  |  |
Total Finance Lease Cost |  | 1,268 |  |  | 1,177 |  |  | 1,078 |  |  |  |  |
Total Lease Costs |  | $ | 10,231 |  |  | $ | 8,230 |  |  | $ | 7,645 |  |  |  |  |
(a) Includes variable lease costs of $747,000 in 2024, $961,000 in 2023, and $478,000 in 2022. Supplemental cash flow information related to leases is as follows:
(In thousands) |  | December 28, 2024 |  | December 30, 2023 |  | December 31, 2022 |  |  |  |
Cash Paid for Amounts Included in the Measurement of Lease Liabilities: |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 8,282 |  |  | $ | 6,475 |  |  | $ | 6,159 |  |  |  |  |
Operating cash flows from finance leases |  | $ | 100 |  |  | $ | 74 |  |  | $ | 51 |  |  |  |  |
Financing cash flows from finance leases |  | $ | 1,169 |  |  | $ | 1,100 |  |  | $ | 1,002 |  |  |  |  |
ROU Assets Obtained in Exchange for Lease Obligations: |  |  |  |  |  |  |  |  |  |
Operating leases (a) |  | $ | 17,496 |  |  | $ | 8,120 |  |  | $ | 4,002 |  |  |  |  |
Finance leases |  | $ | 1,598 |  |  | $ | 989 |  |  | $ | 1,468 |  |  |  |  |
(a) Includes ROU assets of $10,847,000 in 2024 obtained in connection with the Company's acquisitions. Supplemental balance sheet information related to leases is as follows:
(In thousands) |  | Balance Sheet Line Item |  | December 28, 2024 |  | December 30, 2023 |  |  |  |
Operating Leases: |  |  |  |  |  |  |  |  |  |
ROU assets |  | Other assets |  | $ | 36,484 |  |  | $ | 25,129 |  |  |  |  |
Total operating lease assets |  | $ | 36,484 |  |  | $ | 25,129 |  |  |  |  |
Short-term liabilities |  | Other current liabilities |  | $ | 6,548 |  |  | $ | 5,389 |  |  |  |  |
Long-term liabilities |  | Other long-term liabilities |  | 27,768 |  |  | 19,350 |  |  |  |  |
Total operating lease liabilities |  | $ | 34,316 |  |  | $ | 24,739 |  |  |  |  |
Finance Leases: |  |  |  |  |  |  |  |  |  |
ROU assets, at cost |  | Property, plant, and equipment, at cost |  | $ | 4,077 |  |  | $ | 4,037 |  |  |  |  |
ROU assets accumulated amortization |  | Accumulated depreciation and amortization |  | (2,094) |  |  | (2,288) |  |  |  |  |
ROU assets, net |  | Property, plant, and equipment, net |  | $ | 1,983 |  |  | $ | 1,749 |  |  |  |  |
Short-term obligations |  | Current maturities of long-term obligations |  | $ | 1,075 |  |  | $ | 983 |  |  |  |  |
Long-term obligations |  | Long-term obligations |  | 948 |  |  | 806 |  |  |  |  |
Total finance lease liabilities |  | $ | 2,023 |  |  | $ | 1,789 |  |  |  |  |
|  |  |  | December 28, 2024 |  | December 30, 2023 |  |  |  |
Weighted Average Remaining Lease Term (in years): |  |  |  |  |  |  |  |
Operating leases |  | 8.0 |  | 6.8 |  |  |  |
Finance leases |  | 2.1 |  | 2.0 |  |  |  |
Weighted Average Discount Rate: |  |  |  |  |  |  |  |  |
Operating leases |  | 4.52 | % |  | 4.08 | % |  |  |  |
Finance leases |  | 5.11 | % |  | 4.71 | % |  |  |  |
As of December 28, 2024, future lease payments for lease liabilities are as follows:
|  | Operating |  | Finance |  |  |  |
(In thousands) |  | Leases |  | Leases |  |  |  |
2025 |  | $ | 7,824 |  |  | $ | 1,148 |  |  |  |  |
2026 |  | 6,775 |  |  | 752 |  |  |  |  |
2027 |  | 5,527 |  |  | 202 |  |  |  |  |
2028 |  | 3,842 |  |  | 24 |  |  |  |  |
2029 |  | 2,831 |  |  | 2 |  |  |  |  |
2030 and Thereafter |  | 14,637 |  |  | — |  |  |  |  |
Total Future Lease Payments |  | 41,436 |  |  | 2,128 |  |  |  |  |
Less: Imputed Interest |  | (7,120) |  |  | (105) |  |  |  |  |
Present Value of Lease Payments |  | $ | 34,316 |  |  | $ | 2,023 |  |  |  |  |
As of December 28, 2024, the Company had no significant operating and finance leases that had not yet commenced.
Leases | Leases The Company enters into operating and finance lease commitments primarily for its manufacturing and office space, vehicles, and equipment that expire on various dates over the next 17 years, some of which include assumed options to extend the lease term for up to 10 years. In addition, the Company leases land associated with certain of its buildings in Canada and China under long-term leases expiring in 2032 to 2071. The lease in Canada also includes an assumed option to extend the term for up to 10 years. The components of lease expense are as follows:
(In thousands) |  | December 28, 2024 |  | December 30, 2023 |  | December 31, 2022 |  |  |  |
Operating Lease Cost (a) |  | $ | 8,153 |  |  | $ | 6,355 |  |  | $ | 5,870 |  |  |  |  |
Short-Term Lease Cost |  | 810 |  |  | 698 |  |  | 697 |  |  |  |  |
(In thousands) |  | December 28, 2024 |  | December 30, 2023 |  | December 31, 2022 |  |  |  |
Finance Lease Cost: |  |  |  |  |  |  |  |  |  |
ROU asset amortization |  | $ | 1,168 |  |  | $ | 1,103 |  |  | $ | 1,026 |  |  |  |  |
Interest on lease liabilities |  | 100 |  |  | 74 |  |  | 52 |  |  |  |  |
Total Finance Lease Cost |  | 1,268 |  |  | 1,177 |  |  | 1,078 |  |  |  |  |
Total Lease Costs |  | $ | 10,231 |  |  | $ | 8,230 |  |  | $ | 7,645 |  |  |  |  |
(a) Includes variable lease costs of $747,000 in 2024, $961,000 in 2023, and $478,000 in 2022. Supplemental cash flow information related to leases is as follows:
(In thousands) |  | December 28, 2024 |  | December 30, 2023 |  | December 31, 2022 |  |  |  |
Cash Paid for Amounts Included in the Measurement of Lease Liabilities: |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 8,282 |  |  | $ | 6,475 |  |  | $ | 6,159 |  |  |  |  |
Operating cash flows from finance leases |  | $ | 100 |  |  | $ | 74 |  |  | $ | 51 |  |  |  |  |
Financing cash flows from finance leases |  | $ | 1,169 |  |  | $ | 1,100 |  |  | $ | 1,002 |  |  |  |  |
ROU Assets Obtained in Exchange for Lease Obligations: |  |  |  |  |  |  |  |  |  |
Operating leases (a) |  | $ | 17,496 |  |  | $ | 8,120 |  |  | $ | 4,002 |  |  |  |  |
Finance leases |  | $ | 1,598 |  |  | $ | 989 |  |  | $ | 1,468 |  |  |  |  |
(a) Includes ROU assets of $10,847,000 in 2024 obtained in connection with the Company's acquisitions. Supplemental balance sheet information related to leases is as follows:
(In thousands) |  | Balance Sheet Line Item |  | December 28, 2024 |  | December 30, 2023 |  |  |  |
Operating Leases: |  |  |  |  |  |  |  |  |  |
ROU assets |  | Other assets |  | $ | 36,484 |  |  | $ | 25,129 |  |  |  |  |
Total operating lease assets |  | $ | 36,484 |  |  | $ | 25,129 |  |  |  |  |
Short-term liabilities |  | Other current liabilities |  | $ | 6,548 |  |  | $ | 5,389 |  |  |  |  |
Long-term liabilities |  | Other long-term liabilities |  | 27,768 |  |  | 19,350 |  |  |  |  |
Total operating lease liabilities |  | $ | 34,316 |  |  | $ | 24,739 |  |  |  |  |
Finance Leases: |  |  |  |  |  |  |  |  |  |
ROU assets, at cost |  | Property, plant, and equipment, at cost |  | $ | 4,077 |  |  | $ | 4,037 |  |  |  |  |
ROU assets accumulated amortization |  | Accumulated depreciation and amortization |  | (2,094) |  |  | (2,288) |  |  |  |  |
ROU assets, net |  | Property, plant, and equipment, net |  | $ | 1,983 |  |  | $ | 1,749 |  |  |  |  |
Short-term obligations |  | Current maturities of long-term obligations |  | $ | 1,075 |  |  | $ | 983 |  |  |  |  |
Long-term obligations |  | Long-term obligations |  | 948 |  |  | 806 |  |  |  |  |
Total finance lease liabilities |  | $ | 2,023 |  |  | $ | 1,789 |  |  |  |  |
|  |  |  | December 28, 2024 |  | December 30, 2023 |  |  |  |
Weighted Average Remaining Lease Term (in years): |  |  |  |  |  |  |  |
Operating leases |  | 8.0 |  | 6.8 |  |  |  |
Finance leases |  | 2.1 |  | 2.0 |  |  |  |
Weighted Average Discount Rate: |  |  |  |  |  |  |  |  |
Operating leases |  | 4.52 | % |  | 4.08 | % |  |  |  |
Finance leases |  | 5.11 | % |  | 4.71 | % |  |  |  |
As of December 28, 2024, future lease payments for lease liabilities are as follows:
|  | Operating |  | Finance |  |  |  |
(In thousands) |  | Leases |  | Leases |  |  |  |
2025 |  | $ | 7,824 |  |  | $ | 1,148 |  |  |  |  |
2026 |  | 6,775 |  |  | 752 |  |  |  |  |
2027 |  | 5,527 |  |  | 202 |  |  |  |  |
2028 |  | 3,842 |  |  | 24 |  |  |  |  |
2029 |  | 2,831 |  |  | 2 |  |  |  |  |
2030 and Thereafter |  | 14,637 |  |  | — |  |  |  |  |
Total Future Lease Payments |  | 41,436 |  |  | 2,128 |  |  |  |  |
Less: Imputed Interest |  | (7,120) |  |  | (105) |  |  |  |  |
Present Value of Lease Payments |  | $ | 34,316 |  |  | $ | 2,023 |  |  |  |  |
As of December 28, 2024, the Company had no significant operating and finance leases that had not yet commenced.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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