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LEASES (Tables) | 3 Months Ended
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Mar. 28, 2020
Leases [Abstract] |
Lease Cost and Supplementary Information | The following components of lease expense are included in Selling, general and administrative expenses on the Company's consolidated statements of operations for the first quarter of fiscal 2020 and 2019:
|  | Fiscal quarter ended
(dollars in thousands) |  | March 28, 2020 |  | March 30, 2019
Operating lease cost |  | $ | 46,423 |  |  | $ | 43,219 |
Variable lease cost (*) |  | 16,285 |  |  | 16,448 |
Net lease cost |  | $ | 62,708 |  |  | $ | 59,667 |
(*) | Includes short-term leases, which are immaterial.
Supplemental balance sheet information related to leases was as follows:
|  | Fiscal quarter ended
|  | March 28, 2020 |  | March 30, 2019
Weighted average remaining operating lease term (years) |  | 5.9 |  | 6.3
Weighted average discount rate for operating leases |  | 4.29% |  | 4.48%
Supplemental cash flow information related to leases was as follows:
|  | Fiscal quarter ended
(dollars in thousands) |  | March 28, 2020 |  | March 30, 2019
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 50,177 |  |  | $ | 47,264 |
Non-cash transactions to recognize operating assets and liabilities for new operating leases |  | $ | 25,867 |  |  | $ | 18,004 |
Lessee, Operating Lease, Liability, Maturity | As of March 28, 2020, the maturities of lease liabilities were as follows:
(dollars in thousands) | Operating leases
Remainder of 2020 | $ | 145,928 |
2021 | 180,686 |
2022 | 155,957 |
2023 | 129,375 |
2024 | 104,674 |
After 2024 | 202,811 |
Total lease payments | $ | 919,431 |
Less: Interest | (110,756 | )
Present value of lease liabilities(*) | $ | 808,675 |
(*) As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date to determine the present value of lease payments. We used the incremental borrowing rate on December 30, 2018, for operating leases that commenced prior to that date.

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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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