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Leases
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Leases Leases
We have operating and finance leases for buildings and certain machinery and equipment. Operating leases are included in operating lease right-of-use assets, other current liabilities, and operating lease liabilities in our consolidated balance sheets. Amounts recognized for finance leases as of and for the years ended December 31, 2023 and December 25, 2022 were immaterial.

Operating lease expense recognized in the consolidated statement of income for the years ended 2023, 2022 and 2021 were $26.9 million, $27.4 million and $24.7 million, respectively, including approximately $9.4 million, $11.7 million and $9.4 million of short-term and variable lease costs for the years ended 2023, 2022 and 2021, respectively.
Other information related to leases was as follows for the fiscal years ending:
(U.S. Dollars presented in millions, except lease term and discount rate)December 31,
2023		December 25,
2022		December 26,
2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$17.3 $15.4 $14.7 
Right-of-use assets obtained in exchange for operating lease obligations$23.9 $5.2 $35.8 
Weighted average remaining lease term—operating leases 5.4 years5.1 years5.9 years
Weighted average discount rate—operating leases 4.5 %3.0 %2.8 %
Total lease payments under non-cancellable operating leases as of December 31, 2023 are expected to be:
(U.S. Dollars presented in millions)
Fiscal Years Ending:
2024$18.1 
202513.5 
202610.5 
20278.7 
20287.0 
Thereafter13.3 
Total lease payments71.1 
Less imputed interest(8.7)
Total$62.4 
Reported as of December 31, 2023
Current operating lease liabilities$16.1 
Operating lease liabilities (non-current) 46.3 
Total$62.4 
Leases Leases
We have operating and finance leases for buildings and certain machinery and equipment. Operating leases are included in operating lease right-of-use assets, other current liabilities, and operating lease liabilities in our consolidated balance sheets. Amounts recognized for finance leases as of and for the years ended December 31, 2023 and December 25, 2022 were immaterial.

Operating lease expense recognized in the consolidated statement of income for the years ended 2023, 2022 and 2021 were $26.9 million, $27.4 million and $24.7 million, respectively, including approximately $9.4 million, $11.7 million and $9.4 million of short-term and variable lease costs for the years ended 2023, 2022 and 2021, respectively.
Other information related to leases was as follows for the fiscal years ending:
(U.S. Dollars presented in millions, except lease term and discount rate)December 31,
2023		December 25,
2022		December 26,
2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$17.3 $15.4 $14.7 
Right-of-use assets obtained in exchange for operating lease obligations$23.9 $5.2 $35.8 
Weighted average remaining lease term—operating leases 5.4 years5.1 years5.9 years
Weighted average discount rate—operating leases 4.5 %3.0 %2.8 %
Total lease payments under non-cancellable operating leases as of December 31, 2023 are expected to be:
(U.S. Dollars presented in millions)
Fiscal Years Ending:
2024$18.1 
202513.5 
202610.5 
20278.7 
20287.0 
Thereafter13.3 
Total lease payments71.1 
Less imputed interest(8.7)
Total$62.4 
Reported as of December 31, 2023
Current operating lease liabilities$16.1 
Operating lease liabilities (non-current) 46.3 
Total$62.4