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Lease Commitments (Tables) | 12 Months Ended
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Dec. 28, 2024
Leases [Abstract] |
Supplemental Balance Sheet Information | The following table presents the assets and liabilities related to the Company’s finance and operating leases as of December 28, 2024 and December 30, 2023:
Lease assets and liabilities | December 28, 2024 |  | December 30, 2023
|  | (In thousands)
Assets | Classification |  |  |
Operating lease right-of-use assets | Operating lease right-of-use assets | $ | 47,221 |  |  | $ | 37,227 |
Finance lease right-of-use assets (1) (2) | Property and equipment, net | 134,319 |  |  | 138,357 |
Total lease right-of-use assets |  | $ | 181,540 |  |  | $ | 175,584 |
Liabilities |  |  |  |
Current portion |  |  |  |
Operating lease liabilities | Operating lease liabilities - short term | $ | 8,478 |  |  | $ | 6,284 |
Finance lease liabilities | Finance lease liabilities - short term | 12,541 |  |  | 11,178 |
Non-current portion |  |  |  |
Operating lease liabilities | Operating lease liabilities - long term | 40,114 |  |  | 32,519 |
Finance lease liabilities | Finance lease liabilities - long term | 280,002 |  |  | 274,248 |
Total lease liabilities |  | $ | 341,135 |  |  | $ | 324,229 |
(1) Finance lease right-of-use assets are presented net of accumulated amortization of $112.3 million and $102.9 million as of December 28, 2024 and December 30, 2023, respectively. (2) During fiscal 2024, 2023 and 2022, the Company added fleet assets under finance leases of $19.4 million, $19.9 million and $9.1 million, respectively. These additions did not involve cash outlays and therefore are not included in “Property and equipment investments” within cash flows from investing activities on the Company’s consolidated statements of cash flows. Supplemental balance sheet information for right-of-use assets related to leases was as follows:
Balance sheet information | December 28, 2024 |  | December 30, 2023
| ($ amounts in thousands)
Finance leases |  |  |
Property and equipment | $ | 246,635 |  |  | $ | 241,276 |
Accumulated depreciation | (112,316) |  |  | (102,919) |
Property and equipment, net | $ | 134,319 |  |  | $ | 138,357 |
Weighted Average Remaining Lease Term (in years) |  |  |
Operating leases | 8.34 |  | 8.88
Finance leases | 17.68 |  | 19.94
Weighted Average Discount Rate |  |  |
Operating leases | 8.15 | % |  | 8.74 | %
Finance leases | 8.88 | % |  | 8.84 | %
The major categories of the Company’s finance lease liabilities as of December 28, 2024 and December 30, 2023 are as follows:
Category | December 28, 2024 |  | December 30, 2023
| (In thousands)
Equipment and vehicles | $ | 49,785 |  |  | $ | 42,252 |
Real estate (1) | 242,758 |  |  | 243,174 |
Total finance leases | $ | 292,543 |  |  | $ | 285,426 |
(1) Amounts include $125.1 million and $125.0 million as of December 28, 2024 and December 30, 2023, respectively, for sale-leasebacks of real estate in fiscal 2019 and 2020 that did not qualify for sale treatment for accounting purposes.
Schedule of Lease Cost | The components of lease expense were as follows:
Components of lease expense | Fiscal Year Ended December 28, 2024 |  | Fiscal Year Ended December 30, 2023 |  | Fiscal Year Ended December 31, 2022
| (In thousands)
Operating lease cost: |  |  |  |  |
Operating lease cost | $ | 10,898 |  |  | $ | 11,485 |  |  | $ | 11,963 |
Sublease income | (3,582) |  |  | (3,334) |  |  | (2,704) |
Total operating lease costs | $ | 7,316 |  |  | $ | 8,151 |  |  | $ | 9,259 |
Finance lease cost: |  |  |  |  |
Amortization of right-of-use assets | $ | 18,692 |  |  | $ | 16,493 |  |  | $ | 16,350 |
Interest on lease liabilities | 25,653 |  |  | 24,380 |  |  | 24,469 |
Total finance lease costs | $ | 44,345 |  |  | $ | 40,873 |  |  | $ | 40,819 |
Cash flow information related to leases was as follows:
Cash flow information | Fiscal Year Ended December 28, 2024 |  | Fiscal Year Ended December 30, 2023 |  | Fiscal Year Ended December 31, 2022
| (In thousands)
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |
Operating cash flows from operating leases | $ | 11,064 |  |  | $ | 11,671 |  |  | $ | 11,614 |
Operating cash flows from finance leases | 25,653 |  |  | 24,380 |  |  | 24,469 |
Financing cash flows from finance leases | $ | 13,427 |  |  | $ | 9,208 |  |  | $ | 10,907 |
Non-cash supplemental cash flow information related to leases was as follows:
Non-cash information | Fiscal Year Ended December 28, 2024 |  | Fiscal Year Ended December 30, 2023 |  | Fiscal Year Ended December 31, 2022
| (In thousands)
Right-of-use assets obtained in exchange for lease obligations |  |  |  |  |
Operating leases (1) | $ | 18,097 |  |  | $ | 1,883 |  |  | $ | 7,968 |
Finance leases | 19,373 |  |  | 19,861 |  |  | 9,092 |
(1) Includes operating lease right-of-use assets obtained in acquisition for fiscal year ended December 31, 2022. See Note 2, Business Combination, for further information.
Schedule of Operating Lease Maturities |
| Operating leases |  | Finance leases
| (In thousands)
2025 | $ | 11,375 |  |  | $ | 38,006 |
2026 | 8,709 |  |  | 40,903 |
2027 | 7,781 |  |  | 35,315 |
2028 | 7,493 |  |  | 35,530 |
2029 | 6,522 |  |  | 32,280 |
Thereafter | 26,764 |  |  | 472,341 |
Total lease payments | $ | 68,644 |  |  | $ | 654,375 |
Less: imputed interest | (20,052) |  |  | (361,832) |
Total | $ | 48,592 |  |  | $ | 292,543 |
Schedule of Finance Lease Maturities |
| Operating leases |  | Finance leases
| (In thousands)
2025 | $ | 11,375 |  |  | $ | 38,006 |
2026 | 8,709 |  |  | 40,903 |
2027 | 7,781 |  |  | 35,315 |
2028 | 7,493 |  |  | 35,530 |
2029 | 6,522 |  |  | 32,280 |
Thereafter | 26,764 |  |  | 472,341 |
Total lease payments | $ | 68,644 |  |  | $ | 654,375 |
Less: imputed interest | (20,052) |  |  | (361,832) |
Total | $ | 48,592 |  |  | $ | 292,543 |

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