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Leases (Tables)
 3 Months Ended
Apr. 02, 2022
Leases [Abstract]  
Supplemental Balance Sheet Information
The following table presents our assets and liabilities related to our leases as of April 2, 2022 and January 1, 2022:
Lease assets and liabilitiesApril 2, 2022January 1, 2022
(In thousands)
AssetsClassification
Operating lease right-of-use assetsOperating lease right-of-use assets$47,330 $49,568 
Finance lease right-of-use assets (1)
Property and equipment, net139,964 143,851 
Total lease right-of-use assets$187,294 $193,419 
Liabilities
Current portion
Operating lease liabilitiesOperating lease liabilities - short term$5,723 $5,145 
Finance lease liabilitiesFinance lease liabilities - short term7,264 7,864 
Non-current portion
Operating lease liabilitiesOperating lease liabilities - long term41,698 44,526 
Finance lease liabilitiesFinance lease liabilities - long term264,676 266,853 
Total lease liabilities$319,361 $324,388 
(1) Finance lease right-of-use assets are presented net of accumulated amortization of $77.5 million and $73.7 million as of April 2, 2022, and January 1, 2022, respectively.
Supplemental balance sheet information related to leases was as follows:
Balance sheet informationApril 2, 2022January 1, 2022
(In thousands)
Finance leases
   Property and equipment$217,415 $217,592 
   Accumulated depreciation(77,451)(73,741)
Property and equipment, net$139,964 $143,851 
Weighted Average Remaining Lease Term (in years)
   Operating leases10.5110.75
   Finance leases14.9515.06
Weighted Average Discount Rate
   Operating leases8.96 %9.01 %
   Finance leases9.49 %10.00 %
The major categories of our finance lease liabilities as of April 2, 2022 and January 1, 2022 are as follows:
CategoryApril 2, 2022January 1, 2022
(In thousands)
Equipment and vehicles$29,902 $30,710 
Real estate242,038 244,007 
Total finance leases$271,940 $274,717 
Lease Cost
The components of lease expense were as follows:
Three Months Ended
Components of lease expenseApril 2, 2022April 3, 2021
(In thousands)
Operating lease cost:$2,517 $3,050 
Finance lease cost:
   Amortization of right-of-use assets$3,710 $3,986 
   Interest on lease liabilities6,160 6,157 
Total finance lease costs$9,870 $10,143 
Supplemental cash flow information related to leases was as follows:
Three Months Ended
Cash flow informationApril 2, 2022April 3, 2021
(In thousands)
Cash paid for amounts included in the measurement of lease liabilities
   Operating cash flows from operating leases$2,528 $2,564 
   Operating cash flows from finance leases6,160 6,157 
   Financing cash flows from finance leases$3,722 $2,129 
Right-of-use assets obtained in exchange for lease obligations
   Operating leases$— $— 
   Finance leases$— $10,211 
Operating Lease Maturities
As of April 2, 2022, maturities of lease liabilities were as follows:
Fiscal yearOperating leasesFinance leases
(In thousands)
2022$7,601 $22,918 
20239,020 32,115 
20248,215 31,521 
20258,152 27,994 
20265,859 31,439 
Thereafter39,085 348,149 
Total lease payments$77,932 $494,136 
Less: imputed interest(30,511)(222,196)
Total$47,421 $271,940 
On January 1, 2022, maturities of lease liabilities were as follows:
Fiscal yearOperating leasesFinance leases
(In thousands)
2022$9,376 $32,495 
20239,134 32,115 
20248,329 31,521 
20258,329 27,994 
20266,050 31,439 
Thereafter40,711 348,149 
Total lease payments$81,929 $503,713 
Less: imputed interest(32,258)(228,996)
Total$49,671 $274,717 
Finance Lease Maturities
As of April 2, 2022, maturities of lease liabilities were as follows:
Fiscal yearOperating leasesFinance leases
(In thousands)
2022$7,601 $22,918 
20239,020 32,115 
20248,215 31,521 
20258,152 27,994 
20265,859 31,439 
Thereafter39,085 348,149 
Total lease payments$77,932 $494,136 
Less: imputed interest(30,511)(222,196)
Total$47,421 $271,940 
On January 1, 2022, maturities of lease liabilities were as follows:
Fiscal yearOperating leasesFinance leases
(In thousands)
2022$9,376 $32,495 
20239,134 32,115 
20248,329 31,521 
20258,329 27,994 
20266,050 31,439 
Thereafter40,711 348,149 
Total lease payments$81,929 $503,713 
Less: imputed interest(32,258)(228,996)
Total$49,671 $274,717