XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Leases (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
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 June 30, 2024 and December 31, 2023:
| June 30, 2024 |  | December 31, 2023
Balance Sheet Location | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
| (in thousands)
Operating lease right-of-use assets | $ | 80,696 |  |  |  |  | $ | 87,519 |  |  |
Current portion of operating lease liabilities | $ | 12,692 |  |  |  |  | $ | 12,347 |  |  |
Operating lease liabilities | 71,531 |  |  |  |  | 78,269 |  |  |
Total operating lease liabilities | $ | 84,223 |  |  |  |  | $ | 90,616 |  |  |
Property, plant and equipment, net |  |  | $ | 7,257 |  |  |  |  | $ | 7,236 |
Accrued expenses |  |  | $ | 2,556 |  |  |  |  | $ | 2,587 |
Other long-term liabilities |  |  | 5,081 |  |  |  |  | 5,035 |
Total finance lease liabilities |  |  | $ | 7,637 |  |  |  |  | $ | 7,622 |
Schedule of Lease Costs | Lease Costs
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | July 2, 2023 |  | June 30, 2024 |  | July 2, 2023
| (in thousands)
Finance lease cost: |  |  |  |  |  |  |
Amortization of right-of-use assets | $ | 749 |  |  | $ | 705 |  |  | $ | 1,525 |  |  | $ | 1,360 |
Interest on lease liabilities | 110 |  |  | 85 |  |  | 209 |  |  | 145 |
Operating lease cost | 4,822 |  |  | 4,698 |  |  | 9,811 |  |  | 9,401 |
Short-term lease cost | 199 |  |  | 391 |  |  | 396 |  |  | 747 |
Variable lease cost | 645 |  |  | 608 |  |  | 1,335 |  |  | 1,341 |
Total lease cost | $ | 6,525 |  |  | $ | 6,487 |  |  | $ | 13,276 |  |  | $ | 12,994 |
Other Supplemental Information, Lessee | Other Supplemental Information
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | July 2, 2023 |  | June 30, 2024 |  | July 2, 2023
| (in thousands)
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |
Operating cash flows from finance leases | $ | 105 |  |  | $ | 55 |  |  | $ | 201 |  |  | $ | 107 |
Operating cash flows from operating leases | 4,323 |  |  | 4,440 |  |  | 8,420 |  |  | 8,641 |
Financing cash flows from finance leases | 721 |  |  | 665 |  |  | 1,437 |  |  | 1,308 |
Right-of-use assets obtained in exchange for new finance lease liabilities | 1,191 |  |  | 479 |  |  | 1,581 |  |  | 1,036 |
Right-of-use assets obtained in exchange for new operating lease liabilities | 634 |  |  | 2,842 |  |  | 899 |  |  | 3,963 |
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 June 30, 2024 and December 31, 2023:
| June 30, 2024 |  | December 31, 2023
Weighted-average remaining lease term – finance leases (in years) | 3.61 |  | 3.70
Weighted-average remaining lease term – operating leases (in years) | 7.92 |  | 8.29
Weighted-average discount rate – finance leases | 6.03 | % |  | 5.51 | %
Weighted-average discount rate – operating leases | 6.30 | % |  | 6.25 | %
Lease Liability Maturity Schedule | A maturity analysis of lease payments under non-cancellable leases is presented as follows:
Fiscal Year | Operating Leases |  | Finance Leases
| (in thousands)
2024 (excluding the six months ended June 30, 2024) | $ | 8,589 |  |  | $ | 1,544 |
2025 | 16,410 |  |  | 2,505 |
2026 | 16,256 |  |  | 1,976 |
2027 | 13,283 |  |  | 1,433 |
2028 | 10,774 |  |  | 763 |
Thereafter | 42,623 |  |  | 328 |
Total future minimum lease payments (undiscounted) | 107,935 |  |  | 8,549 |
Less: Present value discount | (23,712) |  |  | (912) |
Total lease liabilities | $ | 84,223 |  |  | $ | 7,637 |
Lease Liability Maturity Schedule | A maturity analysis of lease payments under non-cancellable leases is presented as follows:
Fiscal Year | Operating Leases |  | Finance Leases
| (in thousands)
2024 (excluding the six months ended June 30, 2024) | $ | 8,589 |  |  | $ | 1,544 |
2025 | 16,410 |  |  | 2,505 |
2026 | 16,256 |  |  | 1,976 |
2027 | 13,283 |  |  | 1,433 |
2028 | 10,774 |  |  | 763 |
Thereafter | 42,623 |  |  | 328 |
Total future minimum lease payments (undiscounted) | 107,935 |  |  | 8,549 |
Less: Present value discount | (23,712) |  |  | (912) |
Total lease liabilities | $ | 84,223 |  |  | $ | 7,637 |

X
- Definition Tabular disclosure of balance sheet information related to leases for lessee. + References No definition available. + Details
Name: | tile_BalanceSheetInformationLesseeTableTextBlock
Namespace Prefix: | tile_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of other supplemental cash flow and noncash information related to leases for lessee. + References No definition available. + Details
Name: | tile_OtherSupplementalInformationLesseeTableTextBlock
Namespace Prefix: | tile_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of weighted average remaining lease term and discount rate for finance and operating leases for a lessee. + References No definition available. + Details
Name: | tile_WeightedAverageLeaseTermAndDiscountRateLesseeTableTextBlock
Namespace Prefix: | tile_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -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 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration