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Leases | 12 Months Ended
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Dec. 28, 2024
Leases [Abstract] |
Leases | Note 15. Leases Qualitative disclosures about our leases, including the significant policy elections, can be found in Note 2, Summary of Significant Accounting Policies. The quantitative disclosures are presented below. Lease costs incurred by lease type, and/or type of payment for Fiscal 2024, 2023 and 2022 were as follows (in thousands):
|  | Fiscal 2024 |  |  | Fiscal 2023 |  |  | Fiscal 2022 |
Lease cost: |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 260 |  |  | $ | 1,703 |  |  | $ | 1,705 |
Interest on lease liabilities |  |  | 4 |  |  |  | 32 |  |  |  | 93 |
Operating lease cost |  |  | 74,183 |  |  |  | 62,685 |  |  |  | 62,115 |
Short-term lease cost |  |  | 10,910 |  |  |  | 3,121 |  |  |  | 2,897 |
Variable lease cost |  |  | 40,564 |  |  |  | 37,588 |  |  |  | 33,223 |
Total lease cost |  | $ | 125,921 |  |  | $ | 105,129 |  |  | $ | 100,033 |
Other supplemental quantitative disclosures as of, and for, Fiscal 2024 and Fiscal 2023 were as follows (in thousands):
|  | Fiscal 2024 |  |  | Fiscal 2023 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from financing leases |  | $ | 4 |  |  | $ | 32 |
Operating cash flows from operating leases |  | $ | 75,610 |  |  | $ | 62,989 |
Financing cash flows from financing leases |  | $ | 70 |  |  | $ | 1,819 |
Right-of-use assets obtained in exchange for new financing lease liabilities |  | $ | 106 |  |  | $ | 34 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 93,775 |  |  | $ | 54,997 |
Weighted-average remaining lease term (years): |  |  |  |  |  |
Financing leases |  |  | 3.0 |  |  |  | 1.4 |
Operating leases |  |  | 6.2 |  |  |  | 7.3 |
Weighted-average IBR (percentage): |  |  |  |  |  |
Financing leases |  |  | 4.2 |  |  |  | 3.0 |
Operating leases |  |  | 5.0 |  |  |  | 4.2 |
Estimated undiscounted future lease payments under non-cancelable operating leases and financing leases, along with a reconciliation of the undiscounted cash flows to operating and financing lease liabilities, respectively, as of December 28, 2024 (in thousands) were as follows:
|  | Operating lease liabilities |  |  | Financing lease liabilities |
2025 |  | $ | 90,116 |  |  | $ | 31 |
2026 |  |  | 70,839 |  |  |  | 40 |
2027 |  |  | 62,437 |  |  |  | 19 |
2028 |  |  | 44,294 |  |  |  | 11 |
2029 |  |  | 31,025 |  |  |  | 3 |
Thereafter |  |  | 83,277 |  |  |  | — |
Total minimum lease payments |  |  | 381,988 |  |  |  | 104 |
Less: amount of lease payments representing interest |  |  | (59,094 | ) |  |  | (9 | )
Present value of future minimum lease payments |  |  | 322,894 |  |  |  | 95 |
Less: current obligations under leases |  |  | (68,440 | ) |  |  | (84 | )
Long-term lease obligations |  | $ | 254,454 |  |  | $ | 11 |
The following table details lease modifications and renewals and lease impairments (amounts in thousands):
|  | Fiscal 2024 |  |  | Fiscal 2023 |
Lease modifications and renewals |  | $ | 33,221 |  |  | $ | 33,041 |
Lease terminations |  | $ | 1,963 |  |  | $ | 361 |
The lease modifications and renewals for Fiscal 2024 include renewals of multiple warehouse leases. For Fiscal 2023, the lease modifications and renewals include $10.6 million related to a 10 year extension for a freezer storage lease.

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