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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Summary of Balance Sheet | The following table presents the assets and liabilities related to operating and finance leases (in thousands):
| Balance Sheet Location |  | December 31, 2022 |  | January 1, 2022
Assets: |  |  |  |  |
Operating lease assets | Operating lease right-of-use assets |  | $ | 55,406 |  |  | $ | 54,971 |
Finance lease assets | Property, plant and equipment |  | 7,533 |  |  | 9,380 |
Total lease assets |  |  | $ | 62,939 |  |  | $ | 64,351 |
Liabilities: |  |  |  |  |
Current |  |  |  |  |
Operating lease liabilities | Operating lease liabilities |  | $ | 12,076 |  |  | $ | 10,167 |
Finance lease liabilities | Current maturities of long-term debt |  | 2,111 |  |  | 2,060 |
Non-current |  |  |  |  |
Operating lease liabilities | Operating lease liabilities, non-current |  | 55,649 |  |  | 55,940 |
Finance lease liabilities | Long-term debt, net of current portion |  | 5,198 |  |  | 7,299 |
Total lease liabilities |  |  | $ | 75,034 |  |  | $ | 75,466 |
Summary of Lease Cost | The following table presents the components of lease costs (in thousands):
| Fiscal Year Ended
| December 31, 2022 |  | January 1, 2022 |  | January 2, 2021
Operating lease costs | $ | 12,943 |  |  | $ | 12,312 |  |  | $ | 9,599 |
Finance lease cost - amortization of right-of-use assets | 1,860 |  |  | 1,046 |  |  | 211 |
Finance lease cost - interest on lease liabilities | 182 |  |  | 139 |  |  | 64 |
Short-term lease cost | 67 |  |  | 366 |  |  | 185 |
Variable lease cost | 4,645 |  |  | 3,822 |  |  | 3,349 |
Sublease income | (743) |  |  | (743) |  |  | (757) |
Total lease cost | $ | 18,954 |  |  | $ | 16,942 |  |  | $ | 12,651 |
The following table presents lease terms and discount rates:
| December 31, 2022 |  | January 1, 2022
Weighted average remaining lease term: |  |  |
Operating leases | 5.90 years |  | 6.06 years
Finance leases | 4.73 years |  | 4.35 years
Weighted average discount rate: |  |  |
Operating leases | 4.76 | % |  | 4.75 | %
Finance leases | 2.20 | % |  | 2.24 | %
The following table presents supplemental cash flow information related to our leases (in thousands):
| December 31, 2022 |  | January 1, 2022 |  | January 2, 2021
Cash paid for amounts included in measurement of liabilities: |  |  |  |  |
Operating cash flows used in operating leases | $ | 13,387 |  |  | $ | 13,146 |  |  | $ | 11,097 |
Operating cash flows used in finance leases | 182 |  |  | 139 |  |  | 64 |
Financing cash flows used in finance leases | 2,063 |  |  | 1,108 |  |  | 185 |
Right-of-use assets obtained in exchange for new lease liabilities: |  |  |  |  |
Operating leases | 12,083 |  |  | 30,234 |  |  | 2,831 |
Finance leases | 17 |  |  | 9,517 |  |  | — |
Schedule of Operating Lease Liability, Maturity | The following table presents the minimum lease payment obligations of operating and finance lease liabilities (leases with terms in excess of one year) for the next five years and thereafter as of December 31, 2022 (in thousands):
| Operating Leases |  | Finance Leases |  | Total
2023 | $ | 14,938 |  |  | $ | 2,245 |  |  | $ | 17,183 |
2024 | 14,948 |  |  | 2,325 |  |  | 17,273 |
2025 | 15,218 |  |  | 2,162 |  |  | 17,380 |
2026 | 11,413 |  |  | 831 |  |  | 12,244 |
2027 | 6,892 |  |  | — |  |  | 6,892 |
Thereafter | 14,361 |  |  | — |  |  | 14,361 |
Total lease payments | 77,770 |  |  | 7,563 |  |  | 85,333 |
Less: Effect of discounting to net present value | 10,045 |  |  | 254 |  |  | 10,299 |
Present value of lease liabilities | $ | 67,725 |  |  | $ | 7,309 |  |  | $ | 75,034 |
Schedule of Finance Lease Liability, Maturity | The following table presents the minimum lease payment obligations of operating and finance lease liabilities (leases with terms in excess of one year) for the next five years and thereafter as of December 31, 2022 (in thousands):
| Operating Leases |  | Finance Leases |  | Total
2023 | $ | 14,938 |  |  | $ | 2,245 |  |  | $ | 17,183 |
2024 | 14,948 |  |  | 2,325 |  |  | 17,273 |
2025 | 15,218 |  |  | 2,162 |  |  | 17,380 |
2026 | 11,413 |  |  | 831 |  |  | 12,244 |
2027 | 6,892 |  |  | — |  |  | 6,892 |
Thereafter | 14,361 |  |  | — |  |  | 14,361 |
Total lease payments | 77,770 |  |  | 7,563 |  |  | 85,333 |
Less: Effect of discounting to net present value | 10,045 |  |  | 254 |  |  | 10,299 |
Present value of lease liabilities | $ | 67,725 |  |  | $ | 7,309 |  |  | $ | 75,034 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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