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Leases (Tables)
12 Months Ended
Dec. 28, 2024
Leases [Abstract]  
ROU assets and lease liabilities Total right-of-use ("ROU") assets and lease liabilities were as follows at:

 

 

 

Classification

 

Leases

 

 

 

 

 

December 28,
2024

 

 

December 30,
2023

 

 

 

 

 

(in thousands)

 

Right-of-use assets

 

 

 

 

 

 

 

 

Operating lease assets

 

Operating right-of-use assets

 

$

27,837

 

 

$

35,559

 

Finance lease assets

 

Property, plant, and equipment, net

 

 

2,818

 

 

 

2,680

 

Lease Liabilities

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

Operating lease liabilities

 

Current operating lease liabilities

 

 

5,735

 

 

 

9,113

 

Finance lease liabilities

 

Accrued expenses and other current liabilities

 

 

1,904

 

 

 

1,257

 

Non-current

 

 

 

 

 

 

 

 

Operating lease liabilities

 

Non-current operating lease liabilities

 

 

30,205

 

 

 

36,161

 

Finance lease liabilities

 

Other liabilities

 

 

936

 

 

 

1,451

 

Schedule of gross value and accumulated depreciation of right of use assets

The gross value and accumulated depreciation of ROU assets related to finance leases were as follows at:

 

 

 

Finance Leases

 

 

 

December 28,
2024

 

 

December 30,
2023

 

 

 

(in thousands)

 

Gross value

 

$

5,316

 

 

$

6,134

 

Accumulated amortization

 

 

(2,498

)

 

 

(3,454

)

Carrying value

 

$

2,818

 

 

$

2,680

 

Components of lease cost

Components of lease cost for the fiscal year-ended are as follows at:

 

 

 

 

 

 

 

Fiscal years ended

 

 

 

December 28,
2024

 

 

December 30,
2023

 

 

December 31,
2022

 

 

 

(in thousands)

 

Operating lease cost:

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

9,420

 

 

$

8,339

 

 

$

9,978

 

Variable lease costs not included in liability

 

 

561

 

 

 

606

 

 

 

702

 

Total operating lease cost

 

$

9,981

 

 

$

8,945

 

 

$

10,680

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

1,624

 

 

$

1,568

 

 

$

1,590

 

Interest on lease liabilities

 

 

222

 

 

 

138

 

 

 

71

 

Total finance lease cost

 

$

1,846

 

 

$

1,706

 

 

$

1,661

 

Maturities of lease liabilities

Maturities of lease liabilities as of December 28, 2024 are as follows:

 

 

 

Operating

 

 

Finance

 

 

Weighted- Average
Remaining Term
in Years

 

 

 

Leases

 

 

Leases

 

 

Operating
Leases

 

 

Finance
Leases

 

 

 

(in thousands)

 

 

 

 

 

 

 

2025

 

$

6,885

 

 

$

1,852

 

 

 

 

 

 

 

2026

 

 

6,670

 

 

 

1,132

 

 

 

 

 

 

 

2027

 

 

6,122

 

 

 

8

 

 

 

 

 

 

 

2028

 

 

6,039

 

 

 

 

 

 

 

 

 

 

2029

 

 

4,522

 

 

 

 

 

 

 

 

 

 

Thereafter

 

 

10,224

 

 

 

 

 

 

 

 

 

 

Total lease payments

 

 

40,462

 

 

 

2,992

 

 

 

 

 

 

 

Less imputed interest (based on 3.5% weighted-average
   discount rate)

 

 

(4,522

)

 

 

(152

)

 

 

 

 

 

 

Present value of lease liabilities

 

$

35,940

 

 

$

2,840

 

 

 

6.6

 

 

 

1.7