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Lease Commitments (Tables)
 12 Months Ended
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 liabilitiesDecember 28, 2024December 30, 2023
(In thousands)
AssetsClassification
Operating lease right-of-use assetsOperating lease right-of-use assets$47,221 $37,227 
Finance lease right-of-use assets (1) (2)
Property and equipment, net134,319 138,357 
Total lease right-of-use assets$181,540 $175,584 
Liabilities
Current portion
Operating lease liabilitiesOperating lease liabilities - short term$8,478 $6,284 
Finance lease liabilitiesFinance lease liabilities - short term12,541 11,178 
Non-current portion
Operating lease liabilitiesOperating lease liabilities - long term40,114 32,519 
Finance lease liabilitiesFinance lease liabilities - long term280,002 274,248 
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 $9.1 million, respectively. These additions did not involve cash outlays and therefore are not included in “Property and equipment investments” within cash flows from investing activities on the Company’s consolidated statements of cash flows.
Supplemental balance sheet information for right-of-use assets related to leases was as follows:
Balance sheet informationDecember 28, 2024December 30, 2023
($ 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 leases8.348.88
   Finance leases17.6819.94
Weighted Average Discount Rate
   Operating leases8.15 %8.74 %
   Finance leases8.88 %8.84 %
The major categories of the Company’s finance lease liabilities as of December 28, 2024 and December 30, 2023 are as follows:
CategoryDecember 28, 2024December 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 expenseFiscal Year Ended December 28, 2024Fiscal Year Ended December 30, 2023Fiscal 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 liabilities25,653 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 informationFiscal Year Ended December 28, 2024Fiscal Year Ended December 30, 2023Fiscal 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 leases25,653 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 informationFiscal Year Ended December 28, 2024Fiscal Year Ended December 30, 2023Fiscal 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 leases19,373 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 leasesFinance leases
(In thousands)
2025$11,375 $38,006 
20268,709 40,903 
20277,781 35,315 
20287,493 35,530 
20296,522 32,280 
Thereafter26,764 472,341 
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 leasesFinance leases
(In thousands)
2025$11,375 $38,006 
20268,709 40,903 
20277,781 35,315 
20287,493 35,530 
20296,522 32,280 
Thereafter26,764 472,341 
Total lease payments$68,644 $654,375 
Less: imputed interest(20,052)(361,832)
Total$48,592 $292,543