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Leases (Tables)
 6 Months Ended
Jul. 03, 2021
Leases [Abstract]  
Supplemental Balance Sheet Information
The following table presents our assets and liabilities related to our leases as of July 3, 2021 and January 2, 2021:
Lease assets and liabilitiesJuly 3, 2021January 2, 2021
(In thousands)
AssetsClassification
Operating lease right-of-use assetsOperating lease right-of-use assets$49,478 $51,142 
Finance lease right-of-use assets (1)
Property and equipment, net152,510 148,561 
Total lease right-of-use assets$201,988 $199,703 
Liabilities
Current portion
Operating lease liabilitiesOperating lease liabilities - short term$4,936 $6,076 
Finance lease liabilitiesFinance lease liabilities - short term6,379 5,675 
Non-current portion
Operating lease liabilitiesOperating lease liabilities - long term44,897 44,965 
Finance lease liabilitiesFinance lease liabilities - long term272,817 267,443 
Total lease liabilities$329,029 $324,159 
(1) Finance lease right-of-use assets are presented net of accumulated amortization of $66.8 million and $58.6 million as of July 3, 2021 and January 2, 2021, respectively.
Supplemental balance sheet information related to leases was as follows:
Balance sheet informationJuly 3, 2021January 2, 2021
(In thousands)
Finance leases
   Property and equipment$219,264 $207,147 
   Accumulated depreciation(66,754)(58,586)
Property and equipment, net$152,510 $148,561 
Weighted Average Remaining Lease Term (in years)
   Operating leases10.9411.14
   Finance leases16.1916.08
Weighted Average Discount Rate
   Operating leases8.98 %9.28 %
   Finance leases9.83 %9.87 %
The major categories of our finance lease liabilities as of July 3, 2021 and January 2, 2021 are as follows:
CategoryJuly 3, 2021January 2, 2021
(In thousands)
Equipment and vehicles$36,080 $29,434 
Real estate243,116 243,684 
Total finance leases$279,196 $273,118 
Lease Cost
The components of lease expense were as follows:
Three Months EndedSix Months Ended
Components of lease expenseJuly 3, 2021June 27, 2020July 3, 2021June 27, 2020
(In thousands)(In thousands)
Operating lease cost:$2,934 $2,977 $5,984 $6,098 
Finance lease cost:
   Amortization of right-of-use assets$4,210 $3,513 $8,197 $6,878 
   Interest on lease liabilities6,241 6,557 12,399 12,721 
Total finance lease costs$10,451 $10,070 $20,596 $19,599 
Supplemental cash flow information related to leases was as follows:
Three Months EndedSix Months Ended
Cash flow informationJuly 3, 2021June 27, 2020July 3, 2021June 27, 2020
(In thousands)(In thousands)
Cash paid for amounts included in the measurement of lease liabilities
   Operating cash flows from operating leases$2,807 $2,860 $5,372 $5,663 
   Operating cash flows from finance leases6,241 6,557 12,399 12,721 
   Financing cash flows from finance leases$2,542 $2,403 $4,671 $4,583 
Right-of-use assets obtained in exchange for lease obligations
   Operating leases$5,106 $— $5,106 $— 
   Finance leases$338 $— $10,549 $— 
Operating Lease Maturities
As of July 3, 2021, maturities of lease liabilities were as follows:
Fiscal yearOperating leasesFinance leases
(In thousands)
2021$10,429 $16,744 
20229,589 32,495 
20238,349 32,191 
20247,877 31,575 
20257,878 27,850 
Thereafter43,766 380,072 
Total lease payments$87,888 $520,927 
Less: imputed interest(38,055)(241,731)
Total$49,833 $279,196 
On January 2, 2021, maturities of lease liabilities were as follows:
Fiscal yearOperating leasesFinance leases
(In thousands)
2021$11,215 $30,159 
20229,161 29,453 
20238,400 29,189 
20247,283 28,649 
20257,392 28,102 
Thereafter44,092 380,511 
Total lease payments$87,543 $526,063 
Less: imputed interest(36,502)(252,945)
Total$51,041 $273,118 
Finance Lease Maturities
As of July 3, 2021, maturities of lease liabilities were as follows:
Fiscal yearOperating leasesFinance leases
(In thousands)
2021$10,429 $16,744 
20229,589 32,495 
20238,349 32,191 
20247,877 31,575 
20257,878 27,850 
Thereafter43,766 380,072 
Total lease payments$87,888 $520,927 
Less: imputed interest(38,055)(241,731)
Total$49,833 $279,196 
On January 2, 2021, maturities of lease liabilities were as follows:
Fiscal yearOperating leasesFinance leases
(In thousands)
2021$11,215 $30,159 
20229,161 29,453 
20238,400 29,189 
20247,283 28,649 
20257,392 28,102 
Thereafter44,092 380,511 
Total lease payments$87,543 $526,063 
Less: imputed interest(36,502)(252,945)
Total$51,041 $273,118