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Leases (Tables)
 6 Months Ended
Jul. 02, 2022
Leases [Abstract]  
Supplemental Balance Sheet Information
The following table presents our assets and liabilities related to our leases as of July 2, 2022 and January 1, 2022:
Lease assets and liabilitiesJuly 2, 2022January 1, 2022
(In thousands)
AssetsClassification
Operating lease right-of-use assetsOperating lease right-of-use assets$48,210 $49,568 
Finance lease right-of-use assets (1)
Property and equipment, net136,574 143,851 
Total lease right-of-use assets$184,784 $193,419 
Liabilities
Current portion
Operating lease liabilitiesOperating lease liabilities - short term$6,185 $5,145 
Finance lease liabilitiesFinance lease liabilities - short term8,036 7,864 
Non-current portion
Operating lease liabilitiesOperating lease liabilities - long term42,104 44,526 
Finance lease liabilitiesFinance lease liabilities - long term263,389 266,853 
Total lease liabilities$319,714 $324,388 
(1) Finance lease right-of-use assets are presented net of accumulated amortization of $82.3 million and $73.7 million as of July 2, 2022 and January 1, 2022, respectively.
Supplemental balance sheet information related to leases was as follows:
Balance sheet informationJuly 2, 2022January 1, 2022
(In thousands)
Finance leases
   Property and equipment$218,914 $217,592 
   Accumulated depreciation(82,340)(73,741)
Property and equipment, net$136,574 $143,851 
Weighted Average Remaining Lease Term (in years)
   Operating leases10.1710.75
   Finance leases15.0215.06
Weighted Average Discount Rate
   Operating leases8.82 %9.01 %
   Finance leases9.47 %10.00 %
The major categories of our finance lease liabilities as of July 2, 2022 and January 1, 2022 are as follows:
CategoryJuly 2, 2022January 1, 2022
(In thousands)
Equipment and vehicles$27,577 $30,710 
Real estate243,848 244,007 
Total finance leases$271,425 $274,717 
Lease Cost
The components of lease expense were as follows:
Three Months EndedSix Months Ended
Components of lease expenseJuly 2, 2022July 3, 2021July 2, 2022July 3, 2021
(In thousands)(In thousands)
Operating lease cost:$2,578 $2,934 $5,095 $5,984 
Finance lease cost:
   Amortization of right-of-use assets$4,890 $4,210 $8,600 $8,197 
   Interest on lease liabilities6,120 6,241 12,280 12,399 
Total finance lease costs$11,010 $10,451 $20,880 $20,596 
Cash flow information related to leases was as follows:
Three Months EndedSix Months Ended
Cash flow informationJuly 2, 2022July 3, 2021July 2, 2022July 3, 2021
(In thousands)(In thousands)
Cash paid for amounts included in the measurement of lease liabilities
   Operating cash flows from operating leases$2,623 $2,807 $5,151 $5,372 
   Operating cash flows from finance leases6,120 6,241 12,280 12,399 
   Financing cash flows from finance leases$1,011 $2,542 $4,733 $4,671 
Non-cash supplemental cash flow information related to leases was as follows:
Three Months EndedSix Months Ended
Non-cash informationJuly 2, 2022July 3, 2021July 2, 2022July 3, 2021
(In thousands)(In thousands)
Right-of-use assets obtained in exchange for lease obligations
Operating leases$591 $5,106 $1,127 $5,106 
Finance leases$2,313 $338 $2,313 $10,549 
Operating Lease Maturities
As of July 2, 2022, maturities of lease liabilities were as follows:
Fiscal yearOperating leasesFinance leases
(In thousands)
2022$5,507 $15,745 
20239,701 32,430 
20248,939 31,835 
20258,534 28,292 
20266,090 31,779 
Thereafter39,565 349,937 
Total lease payments$78,336 $490,018 
Less: imputed interest(30,047)(218,593)
Total$48,289 $271,425 

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 July 2, 2022, maturities of lease liabilities were as follows:
Fiscal yearOperating leasesFinance leases
(In thousands)
2022$5,507 $15,745 
20239,701 32,430 
20248,939 31,835 
20258,534 28,292 
20266,090 31,779 
Thereafter39,565 349,937 
Total lease payments$78,336 $490,018 
Less: imputed interest(30,047)(218,593)
Total$48,289 $271,425 

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