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LEASES (Tables)
 12 Months Ended
Dec. 28, 2024
Leases [Abstract]  
Lease Cost
The following components of lease expense are included in Selling, general, and administrative expenses on the Company’s consolidated statements of operations for the fiscal periods indicated:
Fiscal year ended
(dollars in thousands)December 28, 2024December 30, 2023December 31, 2022
Operating lease cost$177,034 $171,072 $160,210 
Variable lease cost(*)
57,992 56,089 66,400 
Net lease cost$235,026 $227,161 $226,610 
(*)Includes short-term leases, which are not material, and any operating lease impairment charges.
Supplemental Information
Supplemental balance sheet information related to leases was as follows:
December 28, 2024December 30, 2023
Weighted average remaining operating lease term (years)5.95.8
Weighted average discount rate for operating leases5.0%4.63%
Lessee, Operating Lease, Liability, Maturity
As of December 28, 2024, the maturities of lease liabilities were as follows:
(dollars in thousands)Operating leases
2025$151,728 
2026146,911 
2027115,942 
202893,103 
202969,325 
After 2029167,329 
Total lease payments$744,338 
Less: Interest(112,271)
Present value of lease liabilities(*)
$632,067 
(*)As the rate implicit in the majority of the Company’s leases is not readily determinable, the Company uses the incremental borrowing rate based on the information available at commencement date, including the lease term and currency, to determine the present value of lease payments.