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Leases (Tables)

12 Months Ended

Dec. 29, 2024

Leases [Abstract]

Summary of Lease Cost

The supplemental cash flow information related to operating leases during the respective periods was as follows:

			Fiscal Year Ended
(In millions)			2024						2023						2022
Cash paid for amounts included in the measurement of operating      lease liabilities			$	38.9					$	36.5					$	25.2
ROU assets obtained in exchange for new lease liabilities (1)			$	30.5					$	17.9					$	29.9

(1) Summers Ridge Lease — The Company leases four buildings that are located on the Summers Ridge property in San Diego, California with an initial term through January 2033 with options to extend the lease for two additional five-year terms upon satisfaction of certain conditions, which have not been included in the determination of the lease term. The must-take provisions related to the fourth building became effective in November 2022 upon expiration of the previous tenant’s lease. As a result, the Company recorded a ROU asset and a corresponding lease liability of approximately $20.6 million in November 2022.

Schedule of Maturity of Operating Lease Liability

The Company leases its facilities and certain equipment. Commitments for minimum rentals under non-cancelable operating leases at the end of fiscal year ended 2024 were as follows:

(In millions)
2025			$	38.8
2026			34.2
2027			28.5
2028			26.6
2029			22.5
Thereafter			80.3
Total lease payments			230.9
Less: imputed interest			(32.6)
Total			198.3
Less: current portion			(31.1)
Non-current portion			$	167.2
Weighted average remaining lease term			7.7 years
Weighted average discount rate			4		%

X

- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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X

- References

No definition available.

+ Details

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X

- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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