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Leases (Tables) | 9 Months Ended
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Sep. 28, 2019
Leases [Abstract] |
Leases included in the Condensed Consolidated Balance Sheets | Leases included in the Condensed Consolidated Balance Sheet consisted of the following (in thousands):
Classification | September 28, 2019
Assets |
Right-of-use operating leases | $ | 72,087 |
Right-of-use finance leases | 2,157 |
Total Right-of-use operating / finance leases | $ | 74,244 |
Liabilities |
Current lease obligations - operating | $ | 20,506 |
Current lease obligations - finance | 501 |
Total Current lease obligations - operating / finance | 21,007 |
Long-term lease obligations - operating | 59,474 |
Long-term lease obligations - finance | 1,669 |
Total Long-term lease obligations - operating / finance | 61,143 |
Total lease obligations - operating / finance | $ | 82,150 |
Lease Costs Included in the Condensed Consolidated Statements on Comprehensive Income | Lease costs included in the Condensed Consolidated Statements of Comprehensive Income consisted of the following (in thousands):
|  | Three Months Ended |  | Nine Months Ended
| Classification | September 28, 2019 |  | September 28, 2019
Operating lease costs |  |  |  |
Fixed | Cost of sales | $ | 438 |  |  | $ | 1,366 |
| Selling and administrative expenses | 5,913 |  |  | 18,212 |
Short-term / variable | Cost of sales | 317 |  |  | 635 |
| Selling and administrative expenses | 385 |  |  | 807 |
Finance lease costs |  |  |  |
Amortization | Cost of sales, selling and administrative, and interest expense | 154 |  |  | 307 |
Less: Sublease income |  | 48 |  |  | 133 |
Total lease costs |  | $ | 7,159 |  |  | $ | 21,194 |
The following table summarizes cash paid for amounts included in the measurements of lease liabilities and the leased assets obtained in exchange for new operating and finance lease liabilities (in thousands):
| Nine Months Ended
| September 28, 2019
Cash paid for amounts included in the measurements of lease liabilities: |
Operating cash flows from operating / finance leases | $ | 20,072 |
Financing cash flows from finance leases | $ | 262 |
Leased assets obtained in exchange for new operating / finance lease liabilities | $ | 18,387 |
Maturities of Finance Lease Liabilities | Maturity of lease liabilities as of September 28, 2019 is as follows (in thousands):
| Operating Leases (a) |  | Finance Leases (a) |  | Total
2019 (remaining portion of year) | $ | 6,590 |  |  | $ | 143 |  |  | $ | 6,733 |
2020 | 23,521 |  |  | 593 |  |  | 24,114 |
2021 | 16,792 |  |  | 564 |  |  | 17,356 |
2022 | 11,332 |  |  | 488 |  |  | 11,820 |
2023 | 9,388 |  |  | 436 |  |  | 9,824 |
Thereafter | 22,531 |  |  | 112 |  |  | 22,643 |
Total lease payments | 90,154 |  |  | 2,336 |  |  | 92,490 |
Less: Interest | 10,177 |  |  | 163 |  |  | 10,340 |
Present value of lease liabilities | $ | 79,977 |  |  | $ | 2,173 |  |  | $ | 82,150 |
(a) | At this time there are no operating or finance lease options to extend lease terms that are reasonably certain of being exercised, no r are there any legally binding minimum lease payments for operating or finance leases signed, but not yet commenced.
Maturities of Operating Lease Liabilities | Maturity of lease liabilities as of September 28, 2019 is as follows (in thousands):
| Operating Leases (a) |  | Finance Leases (a) |  | Total
2019 (remaining portion of year) | $ | 6,590 |  |  | $ | 143 |  |  | $ | 6,733 |
2020 | 23,521 |  |  | 593 |  |  | 24,114 |
2021 | 16,792 |  |  | 564 |  |  | 17,356 |
2022 | 11,332 |  |  | 488 |  |  | 11,820 |
2023 | 9,388 |  |  | 436 |  |  | 9,824 |
Thereafter | 22,531 |  |  | 112 |  |  | 22,643 |
Total lease payments | 90,154 |  |  | 2,336 |  |  | 92,490 |
Less: Interest | 10,177 |  |  | 163 |  |  | 10,340 |
Present value of lease liabilities | $ | 79,977 |  |  | $ | 2,173 |  |  | $ | 82,150 |
(a) | At this time there are no operating or finance lease options to extend lease terms that are reasonably certain of being exercised, no r are there any legally binding minimum lease payments for operating or finance leases signed, but not yet commenced.
Weighted-average Remaining Lease Terms and Discount Rates | The following table summarizes the weighted-average discount rates and weighted-average remaining lease terms for operating and finance leases as of September 28, 2019:
| Weighted-Average Discount Rate (percent) |  | Weighted-Average Remaining Lease Term (years)
Operating leases | 4.2 | % |  | 5.5
Finance leases | 3.6 | % |  | 4.3
Operating Leases | Rent expense under ASC 840 was as follows (in thousands):
| 2018 |  |  | 2017 |  |  | 2016 |
Rent expense | $ | 31,027 |  |  | $ | 32,158 |  |  | $ | 35,288 |
Commitments for minimum rentals under non-cancelable leases were as follows (in thousands):
| Operating Leases
2019 | $ | 24,387 |
2020 | 18,250 |
2021 | 13,324 |
2022 | 9,082 |
2023 | 6,228 |
Thereafter | 10,469 |
Total minimum lease payments | $ | 81,740 |

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