XML 32 R19.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Lease Commitments | 12 Months Ended
--- | ---
Dec. 30, 2017
Leases [Abstract] |
Leases Commitments | Lease Commitments Operating Leases The Company leases real property, logistics equipment, and office equipment under long-term, non-cancelable operating leases. Our real property operating leases have customary extension options and escalation clauses. Our real estate leases also provide for payments of other costs such as real estate taxes, insurance, and common area maintenance, which are not included in rental expense or the future minimum rental payments as set forth below. Total rental expense was approximately $6.1 million, $4.2 million, and $4.8 million for fiscal 2017, 2016, and 2015, respectively. At December 30, 2017, our total operating lease commitments were as follows:
| (In thousands)
2018 | $ | 5,685 |
2019 | 2,204 |
2020 | 1,057 |
2021 | 569 |
2022 | 329 |
Thereafter | 5,137 |
Total | $ | 14,981 |
Our office headquarters lease expires on January 31, 2019. As of March 1, 2018, we had not yet entered into a new office headquarters lease. Amounts under a new office headquarters lease agreement would likely be significant to our operating lease commitments. Capital Leases We have entered into certain long-term, non-cancelable capital leases for real estate, along with certain logistics equipment and vehicles. The real estate leases contain customary extension option periods and annual fixed rent escalations. As of December 30, 2017, the acquisition value and net book value of assets under capital leases was $30.3 million and $16.4 million, respectively. As of December 31, 2016, the acquisition value and net book value of assets under capital leases was $20.8 million and $9.0 million, respectively. At December 30, 2017, our total commitments under capital leases recorded in the Consolidated Balance Sheets in “other current liabilities” and “other non-current liabilities” were as follows:
| Principal |  | Interest
| (In thousands)
2018 | $ | 3,510 |  |  | $ | 1,203 |
2019 | 2,861 |  |  | 993 |
2020 | 2,392 |  |  | 818 |
2021 | 867 |  |  | 722 |
2022 | 189 |  |  | 693 |
Thereafter | 7,751 |  |  | 7,827 |
Total | $ | 17,570 |  |  | $ | 12,256 |
Sale Leaseback Transactions During fiscal 2017, we performed sale-leaseback transactions on distribution centers located in Tampa, Florida; Ft. Worth, Texas; and Miami, Florida (the “Sale-Leaseback Transactions”). As a result of the Sale-Leaseback Transactions, we recognized a capital lease asset and obligation totaling $8.0 million on two of these properties. The remaining sale-leaseback property was classified as an operating lease. We recognized a total deferred gain of $13.7 million on the three sale-leaseback properties, which will be amortized over the life of the applicable lease in the case of the capital leases; or, in the case of the operating lease, will be amortized over the life of the applicable lease until our adoption of ASC 842, at which time the remaining deferred gain will be reclassified as a increase to stockholders’ equity. The liability for the capital leases and deferred gain is located in “other current liabilities” (for the portion amortizing within the next twelve months) and “other non-current liabilities” on our Consolidated Balance Sheet (see also Note 4).

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
Name: | us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration