XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.21.2

Leases | 9 Months Ended
--- | ---
Oct. 02, 2021
Leases [Abstract] |
Leases | Note 2 – Leases The net right of use assets and lease liabilities recognized on the consolidated condensed balance sheets for the Company's operating leases were as follows:
|  | October 2, 2021 |  |  | December 31, 2020 |
Right of use assets |  |  |  |  |  |
Operating Leases |  |  |  |  |  |
Buildings and improvements |  | $ | 105,072 |  |  | $ | 97,429 |
Machinery and equipment |  |  | 5,011 |  |  |  | 5,011 |
Total |  | $ | 110,083 |  |  | $ | 102,440 |
Current lease liabilities |  |  |  |  |  |  |  |
Operating Leases |  |  |  |  |  |  |  |
Buildings and improvements |  | $ | 18,944 |  |  | $ | 19,370 |
Machinery and equipment |  |  | 2,639 |  |  |  | 2,704 |
Total |  | $ | 21,583 |  |  | $ | 22,074 |
Long-term lease liabilities |  |  |  |  |  |  |  |
Operating Leases |  |  |  |  |  |  |  |
Buildings and improvements |  | $ | 91,744 |  |  | $ | 83,926 |
Machinery and equipment |  |  | 2,320 |  |  |  | 2,294 |
Total |  | $ | 94,064 |  |  | $ | 86,220 |
Total lease liabilities |  | $ | 115,647 |  |  | $ | 108,294 |
Lease expense is classified in the statements of operations based on asset use. Total lease cost recognized on the consolidated condensed statements of operations is as follows:
|  | Fiscal quarters ended |  |  | Nine fiscal months ended |
|  | October 2, 2021 |  |  | October 3, 2020 |  |  | October 2, 2021 |  |  | October 3, 2020 |
Lease expense |  |  |  |  |  |  |  |  |  |  |  |
Operating lease expense |  | $ | 6,170 |  |  | $ | 5,898 |  |  | $ | 18,570 |  |  | $ | 17,310 |
Short-term lease expense |  |  | 691 |  |  |  | 260 |  |  |  | 1,444 |  |  |  | 679 |
Variable lease expense |  |  | 97 |  |  |  | 11 |  |  |  | 290 |  |  |  | 40 |
Total lease expense |  | $ | 6,958 |  |  | $ | 6,169 |  |  | $ | 20,304 |  |  | $ | 18,029 |
The Company paid $18,000 and $18,703 for its operating leases in the nine fiscal months ended October 2, 2021 and October 3, 2020, respectively, which are included in operating cash flows on the consolidated condensed statements of cash flows. The weighted-average remaining lease term for the Company's operating leases is 9.3 years and the weighted-average discount rate is 5.6% as of October 2, 2021. The undiscounted future lease payments for the Company's operating lease liabilities are as follows:
|  | October 2, 2021 |
2021 (excluding the nine fiscal months ended October 2, 2021) |  | $ | 5,692 |
2022 |  |  | 21,305 |
2023 |  |  | 19,061 |
2024 |  |  | 16,745 |
2025 |  |  | 15,255 |
Thereafter |  |  | 71,276 |
The undiscounted future lease payments presented in the table above include payments through the term of the lease, which may include periods beyond the noncancellable term. The difference between the total payments above and the lease liability balance is due to the discount rate used to calculate lease liabilities.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration