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Leases | 12 Months Ended
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Jan. 03, 2023
Leases [Abstract] |
Leases | 6. Leases Lease costs included on the Consolidated Statements of Operations consisted of the following (in thousands):
|  | Fiscal Year |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Lease cost |  | $ | 60,163 |  |  | $ | 57,807 |  |  | $ | 55,996 |
Variable lease cost |  |  | 3,445 |  |  |  | 1,739 |  |  |  | 142 |
Total lease costs |  | $ | 63,608 |  |  | $ | 59,546 |  |  | $ | 56,138 |
Weighted-average lease term and discount rate was as follows:
|  | January 3, 2023 |  | December 28, 2021
Weighted-average remaining lease term |  | 11.5 Years |  | 12.0 Years
Weighted-average discount rate |  | 5.7 |  | 5.6
Operating lease obligation maturities as of January 3, 2023 were as follows (in thousands):
2023 |  | $ | 66,032 |
2024 |  |  | 62,606 |
2025 |  |  | 58,109 |
2026 |  |  | 56,500 |
2027 |  |  | 53,656 |
Thereafter |  |  | 300,376 |
Total lease payments |  |  | 597,279 |
Less: imputed interest |  |  | (124,566 | )
Present value of operating lease obligations |  | $ | 472,713 |
In response to the impact of the COVID-19 pandemic on our operations, from April 1, 2020 to June 30, 2020, we suspended the payment of rent and did not make lease payments under our existing lease agreements for the majority of our leases. During the suspension of payments, we continued to recognize expenses and liabilities for lease obligations and corresponding lease assets on the balance sheet in accordance with ASU 2016-02, Leases (Topic 842). We negotiated lease payment deferrals and rent concessions for the majority of our leases. The negotiated concessions primarily were in the form of rent deferrals (full or partial) or abatements. In accordance with the relief issued in April 2020 by the FASB titled ASC Topic 842 and ASC Topic 840, Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic, we did not recognize contractual rent concessions as a lease contract modification when the total payments required by the modified contract were substantially the same or less than the total payments required by the original contract. Lease concessions that provided a substantial increase in the rights of the lessor or our obligations under the lease were accounted for as lease modifications in accordance with ASC Topic 842.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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