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v3.20.1

Leases (Tables) | 3 Months Ended
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Apr. 05, 2020
Leases [Abstract] |
Schedule of Lease Cost | The table below represents a summary of the balances recorded in the consolidated condensed balance sheet related to our leases as of April 5, 2020:
| April 5, 2020 |  | December 29, 2019
| (In thousands)
Balance Sheet Location | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
Operating lease right-of-use assets | $ | 103,637 |  |  |  |  | $ | 107,044 |  |  |
Current portion of operating lease liabilities | $ | 14,812 |  |  |  |  | $ | 15,914 |  |  |
Operating lease liabilities | 87,847 |  |  |  |  | 91,829 |  |  |
Total operating lease liabilities | $ | 102,659 |  |  |  |  | $ | 107,743 |  |  |
Property and equipment |  |  | $ | 4,921 |  |  |  |  | $ | 5,007 |
Accrued expenses |  |  | $ | 1,482 |  |  |  |  | $ | 1,489 |
Other long-term liabilities |  |  | 1,401 |  |  |  |  | 1,673 |
Total finance lease liabilities |  |  | $ | 2,883 |  |  |  |  | $ | 3,162 |
Lease Costs
| Three Months Ended
| April 5, 2020 |  | March 31, 2019
Lease cost | (In thousands)
Finance lease cost: |  |  |
Amortization of right-of-use assets | $ | 300 |  |  | $ | 146 |
Interest on lease liabilities | 18 |  |  | 8 |
Operating lease cost | 6,222 |  |  | 5,671 |
Short-term lease cost | 175 |  |  | 738 |
Variable lease cost | 646 |  |  | 145 |
Total lease cost | $ | 7,361 |  |  | $ | 6,708 |
Other supplemental information |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from finance leases | $ | 18 |  |  | $ | 8 |
Operating cash flows from operating leases | 5,881 |  |  | 5,110 |
Financing cash flows from finance leases | 399 |  |  | 246 |
Right-of-use assets obtained in exchange for new finance lease liabilities | 213 |  |  | — |
Right-of-use assets obtained in exchange for new operating lease liabilities | 977 |  |  | 2,467 |
| April 5, 2020 |  | December 29, 2019
Weighted-average remaining lease term – finance leases (in years) | 2.68 |  |  | 2.76 |
Weighted-average remaining lease term – operating leases (in years) | 10.60 |  |  | 10.60 |
Weighted-average discount rate – finance leases | 2.19 | % |  | 2.06 | %
Weighted-average discount rate – operating leases | 5.89 | % |  | 5.86 | %
Lease Liability Maturity Schedule | Maturity analysis of lease payments under non-cancellable leases were as follows:
Fiscal Year | Operating Leases |  | Finance Leases
| (In thousands)
2020 (excluding first quarter of 2020) | $ | 15,659 |  |  | $ | 1,166 |
2021 | 17,197 |  |  | 870 |
2022 | 13,758 |  |  | 522 |
2023 | 11,447 |  |  | 306 |
2024 | 9,918 |  |  | 110 |
Thereafter | 74,449 |  |  | — |
Total future minimum lease payments (undiscounted) | 142,428 |  |  | 2,974 |
Less: Present value discount | (39,769 | ) |  | (91 | )
Total lease liability | $ | 102,659 |  |  | $ | 2,883 |
Lease Liability Maturity Schedule | Maturity analysis of lease payments under non-cancellable leases were as follows:
Fiscal Year | Operating Leases |  | Finance Leases
| (In thousands)
2020 (excluding first quarter of 2020) | $ | 15,659 |  |  | $ | 1,166 |
2021 | 17,197 |  |  | 870 |
2022 | 13,758 |  |  | 522 |
2023 | 11,447 |  |  | 306 |
2024 | 9,918 |  |  | 110 |
Thereafter | 74,449 |  |  | — |
Total future minimum lease payments (undiscounted) | 142,428 |  |  | 2,974 |
Less: Present value discount | (39,769 | ) |  | (91 | )
Total lease liability | $ | 102,659 |  |  | $ | 2,883 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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