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Leases (Tables)
 9 Months Ended
Oct. 02, 2022
Leases [Abstract]  
Balance Sheet Information, Lessee
The table below represents a summary of the balances recorded in the consolidated condensed balance sheets related to the Company’s leases as of October 2, 2022 and January 2, 2022:
October 2, 2022January 2, 2022
Balance Sheet LocationOperating LeasesFinance LeasesOperating LeasesFinance Leases
(in thousands)
Operating lease right-of-use assets$77,447 $90,561 
 
Current portion of operating lease liabilities$12,400 $14,588 
Operating lease liabilities67,021 77,905 
Total operating lease liabilities$79,421 $92,493 
 
Property, plant and equipment, net$5,134 $6,547 
 
Accrued expenses$1,963 $1,837 
Other long-term liabilities3,563 3,201 
Total finance lease liabilities$5,526 $5,038 
Schedule of Lease Costs
Lease Costs
Three Months EndedNine Months Ended
October 2, 2022October 3, 2021October 2, 2022October 3, 2021
(in thousands)
Finance lease cost:
Amortization of right-of-use assets$581 $646 $1,636 $1,230 
Interest on lease liabilities45 37 115 104 
Operating lease cost4,743 5,240 14,310 17,040 
Short-term lease cost204 222 642 864 
Variable lease cost614 730 2,012 2,018 
Total lease cost$6,187 $6,875 $18,715 $21,256 
Other Supplemental Information, Lessee
Other Supplemental Information
Three Months EndedNine Months Ended
October 2, 2022October 3, 2021October 2, 2022October 3, 2021
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$35 $16 $88 $83 
Operating cash flows from operating leases4,406 6,677 13,854 17,353 
Financing cash flows from finance leases525 680 1,535 1,796 
Right-of-use assets obtained in exchange for new finance lease liabilities182 67 2,525 2,811 
Right-of-use assets (adjusted) obtained in exchange for (remeasured) new operating lease liabilities(734)6,417 6,089 12,062 
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 October 2, 2022 and January 2, 2022:
 October 2, 2022January 2, 2022
Weighted-average remaining lease term – finance leases (in years)3.773.20
Weighted-average remaining lease term – operating leases (in years)9.409.97
Weighted-average discount rate – finance leases3.16 %2.82 %
Weighted-average discount rate – operating leases5.80 %5.87 %
Lease Liability Maturity Schedule
A maturity analysis of lease payments under non-cancellable leases is presented as follows:
Fiscal YearOperating LeasesFinance Leases
(in thousands)
2022 (excluding the nine months ended October 2, 2022)
$4,071 $532 
202313,354 1,918 
202412,413 1,573 
202510,589 855 
202610,864 396 
Thereafter54,382 644 
Total future minimum lease payments (undiscounted)105,673 5,918 
Less: Present value discount(26,252)(392)
Total lease liability$79,421 $5,526 
Lease Liability Maturity Schedule
A maturity analysis of lease payments under non-cancellable leases is presented as follows:
Fiscal YearOperating LeasesFinance Leases
(in thousands)
2022 (excluding the nine months ended October 2, 2022)
$4,071 $532 
202313,354 1,918 
202412,413 1,573 
202510,589 855 
202610,864 396 
Thereafter54,382 644 
Total future minimum lease payments (undiscounted)105,673 5,918 
Less: Present value discount(26,252)(392)
Total lease liability$79,421 $5,526