XML 35 R25.htm IDEA: XBRL DOCUMENT

Leases (Tables)

3 Months Ended

Mar. 30, 2019

Schedule of Lease Assets and Lease Liabilities

At March 30, 2019, the Company’s lease assets and lease liabilities were as follows:

	March 30, 2019
Assets:
Operating lease assets	$	148,447
Finance lease assets		573
Total leased assets	$	149,020

Liabilities:
Current
Operating	$	36,125
Finance		376
Noncurrent
Operating	$	121,308
Finance		107
Total lease liabilities	$	157,916

Schedule of Components of Lease Expense

For the three months ended March 30, 2019, the components of the Company’s lease expense were as follows

	Three Months Ended
	March 30,
	2019
Operating lease cost	$	13,372
Finance lease cost:
Amortization of leased assets		80
Interest on lease liabilities		8
Total finance lease cost	$	88
Total lease cost	$	13,460

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rates

At March 30, 2019, the Company’s weighted average remaining lease term and weighted average discount rates were as follows:

	March 30, 2019
Weighted Average Remaining Lease Term (years)
Operating leases		7.47
Finance leases		1.21

Weighted Average Discount Rate
Operating leases		7.03
Finance leases		4.74

Schedule of Maturity of Lease Liabilities

At March 30, 2019, the maturity of the Company’s lease liabilities in each of the next five fiscal years and thereafter were as follows:

	Operating Leases		Finance Leases		Total
Remainder of fiscal 2019	$	35,516	$	360	$	35,876
2020		36,625		110		36,735
2021		27,812		27		27,839
2022		18,965		—		18,965
2023		14,252		—		14,252
Thereafter		75,909		—		75,909
Total lease payments	$	209,079	$	497	$	209,576
Less imputed interest		51,646		14		51,660
Present value of lease liabilities	$	157,433	$	483	$	157,916

Minimum Commitments Under Non-Cancelable Obligations

Minimum commitments under non-cancelable obligations, primarily for office and rental facilities operating leases at December 29, 2018, consisted of the following:

2019	$	63,261
2020		38,491
2021		22,341
2022		14,017
2023		9,192
2024 and thereafter		37,704
Total	$	185,006

Summary of Supplemental Cash Flow Information Related To Leases

Supplemental cash flow information related to leases for the three months ended March 30, 2019 were as follows:

	Three Months Ended
	March 30,
	2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	12,742
Operating cash flows from finance leases	$	8
Financing cash flows from finance leases	$	80

Leased assets obtained in exchange for new operating lease liabilities	$	887
Leased assets obtained in exchange for new finance lease liabilities	$	—