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Leases (Tables) | 12 Months Ended
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Jan. 02, 2024
Leases [Abstract] |
Summary of Lease Costs | Lease costs included on the Consolidated Statements of Operations consisted of the following (in thousands):
|  | Fiscal Year |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Lease cost |  | $ | 59,268 |  |  | $ | 60,163 |  |  | $ | 57,807 |
Variable lease cost |  |  | 3,864 |  |  |  | 3,445 |  |  |  | 1,739 |
Total lease costs |  | $ | 63,132 |  |  | $ | 63,608 |  |  | $ | 59,546 |
Summary of Weighted-Average Lease Term and Discount Rate | Weighted-average lease term and discount rate were as follows:
|  | January 2, 2024 |  | January 3, 2023
Weighted-average remaining lease term |  | 11.0 Years |  | 11.5 Years
Weighted-average discount rate |  | 5.8 |  | 5.7
Summary of Operating Lease Obligation Maturities | Operating lease obligation maturities as of January 2, 2024, were as follows (in thousands):
2024 |  | $ | 62,569 |
2025 |  |  | 60,668 |
2026 |  |  | 60,542 |
2027 |  |  | 57,813 |
2028 |  |  | 54,020 |
Thereafter |  |  | 261,666 |
Total lease payments |  |  | 557,278 |
Less: imputed interest |  |  | (105,775 | )
Present value of operating lease obligations |  | $ | 451,503 |

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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 -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
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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 -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
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