XML 55 R38.htm IDEA: XBRL DOCUMENT v3.20.4
Leases (Tables)
 12 Months Ended
Jan. 03, 2021
Leases [Abstract]  
Balance Sheet Information, Lessee
The table below represents a summary of the balances recorded in the consolidated balance sheets related to our leases as of January 3, 2021 and December 29, 2019:

January 3, 2021December 29, 2019
Balance Sheet LocationOperating LeasesFinance LeasesOperating LeasesFinance Leases
(in thousands)
Operating lease right-of-use assets$98,013 $107,044 
 
Current portion of operating lease liabilities$13,555 $15,914 
Operating lease liabilities86,468 91,829 
Total operating lease liabilities$100,023 $107,743 
 
Property, plant and equipment, net$6,138 $5,007 
 
Accrued expenses$1,496 $1,489 
Other long-term liabilities2,688 1,673 
Total finance lease liabilities$4,184 $3,162 
Schedule of Lease Cost
Lease Costs

Fiscal Year
20202019
(in thousands)
Finance lease cost:
Amortization of right-of-use assets$1,251 $890 
Interest on lease liabilities86 51 
Operating lease cost25,213 24,246 
Short-term lease cost525 2,057 
Variable lease cost3,970 3,665 
Total lease cost$31,045 $30,909 
Other Supplemental Information, Lessee
Other Supplemental Information

Fiscal Year
20202019
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$86 $51 
Operating cash flows from operating leases22,206 22,597 
Financing cash flows from finance leases1,727 1,255 
Right-of-use assets obtained in exchange for new finance lease liabilities2,546 2,240 
Right-of-use assets obtained in exchange for new operating lease liabilities2,504 12,655 
Weighted Average Lease Term And Discount Rate, Lessee
The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of January 3, 2021 and December 29, 2019:

End of Fiscal Year
 20202019
Weighted-average remaining lease term – finance leases (in years)3.352.76
Weighted-average remaining lease term – operating leases (in years)10.6110.60
Weighted-average discount rate – finance leases2.64 %2.06 %
Weighted-average discount rate – operating leases5.98 %5.86 %
Lease Liability Maturity Schedule
A maturity analysis of lease payments under non-cancellable leases is presented as follows:

Fiscal YearOperating LeasesFinance Leases
(in thousands)
2021$19,055 $1,598 
202215,680 1,128 
202312,750 899 
202410,715 577 
20259,863 189 
Thereafter70,744 — 
Total future minimum lease payments (undiscounted)138,807 4,391 
Less: Present value discount(38,784)(207)
Total lease liability$100,023 $4,184 
Lease Liability Maturity Schedule
A maturity analysis of lease payments under non-cancellable leases is presented as follows:

Fiscal YearOperating LeasesFinance Leases
(in thousands)
2021$19,055 $1,598 
202215,680 1,128 
202312,750 899 
202410,715 577 
20259,863 189 
Thereafter70,744 — 
Total future minimum lease payments (undiscounted)138,807 4,391 
Less: Present value discount(38,784)(207)
Total lease liability$100,023 $4,184