XML 46 R34.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Summary of Lease Costs

Lease costs included on the Consolidated Statements of Operations consisted of the following (in thousands):

 

 

 

Fiscal Year

 

 

 

2024

 

 

2023

 

 

2022

 

Lease cost

 

$

57,836

 

 

$

59,268

 

 

$

60,163

 

Variable lease cost

 

 

3,567

 

 

 

3,864

 

 

 

3,445

 

Total lease costs

 

$

61,403

 

 

$

63,132

 

 

$

63,608

 

Summary of Weighted-Average Lease Term and Discount Rate

Weighted-average lease term and discount rate were as follows:

 

 

 

December 31, 2024

 

January 2, 2024

Weighted-average remaining lease term

 

10.3 Years

 

11.0 Years

Weighted-average discount rate

 

5.9

 

5.8

Summary of Operating Lease Obligation Maturities

Operating lease obligation maturities as of December 31, 2024, were as follows (in thousands):

 

2025

 

$

65,182

 

2026

 

 

66,011

 

2027

 

 

62,759

 

2028

 

 

59,034

 

2029

 

 

53,044

 

Thereafter

 

 

234,599

 

Total lease payments

 

 

540,629

 

Less: imputed interest

 

 

(106,518

)

Present value of operating lease obligations

 

$

434,111