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Leases (Tables) | 3 Months Ended
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Apr. 03, 2021
Leases [Abstract] |
Schedule of Lease Assets and Lease Liabilities | At April 3, 2021 and January 2, 2021, the Company’s lease assets and lease liabilities were as follows:
|  | April 3, 2021 |  |  | January 2, 2021 |
Assets: |  |  |  |  |  |  |  |
Operating lease assets |  | $ | 108,138 |  |  | $ | 119,102 |
Finance lease assets |  |  | 161 |  |  |  | 207 |
Total leased assets |  | $ | 108,299 |  |  | $ | 119,309 |
Liabilities: |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |
Operating |  | $ | 24,045 |  |  | $ | 28,551 |
Finance |  |  | 54 |  |  |  | 88 |
Noncurrent |  |  |  |  |  |  |  |
Operating |  | $ | 93,552 |  |  | $ | 101,561 |
Finance |  |  | 84 |  |  |  | 93 |
Total lease liabilities |  | $ | 117,735 |  |  | $ | 130,293 |
Schedule of Components of Lease Expense | For the three months ended April 3, 2021 and March 28, 2020, the components of the Company’s lease expense were as follows
|  | Three Months Ended |
|  | April 3, |  |  | March 28, |
|  | 2021 |  |  | 2020 |
Operating lease cost: |  |  |  |  |  |  |  |
Fixed lease cost |  | $ | 11,044 |  |  | $ | 12,641 |
Lease termination cost |  |  | 3,152 |  |  |  | — |
Variable lease cost |  |  | 5 |  |  |  | 11 |
Total operating lease cost |  | $ | 14,201 |  |  | $ | 12,652 |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of leased assets |  |  | 43 |  |  |  | 64 |
Interest on lease liabilities |  |  | 2 |  |  |  | 3 |
Total finance lease cost |  | $ | 45 |  |  | $ | 67 |
Total lease cost |  | $ | 14,246 |  |  | $ | 12,719 |
Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rates | At April 3, 2021 and January 2, 2021, the Company’s weighted average remaining lease term and weighted average discount rates were as follows:
|  | April 3, 2021 |  |  | January 2, 2021 |
Weighted Average Remaining Lease Term (years) |  |  |  |  |  |  |  |
Operating leases |  |  | 7.26 |  |  |  | 7.08 |
Finance leases |  |  | 2.49 |  |  |  | 2.35 |
Weighted Average Discount Rate |  |  |  |  |  |  |  |
Operating leases |  |  | 7.02 |  |  |  | 6.95 |
Finance leases |  |  | 5.46 |  |  |  | 5.51 |
Schedule of Maturity of Lease Liabilities | At April 3, 2021, 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 2021 | $ | 23,754 |  |  | $ | 52 |  |  | $ | 23,806 |
2022 |  | 27,251 |  |  |  | 64 |  |  |  | 27,315 |
2023 |  | 20,721 |  |  |  | 26 |  |  |  | 20,747 |
2024 |  | 16,025 |  |  |  | 5 |  |  |  | 16,030 |
2025 |  | 11,572 |  |  |  | — |  |  |  | 11,572 |
Thereafter |  | 54,542 |  |  |  | — |  |  |  | 54,542 |
Total lease payments | $ | 153,865 |  |  | $ | 147 |  |  | $ | 154,012 |
Less imputed interest |  | 36,268 |  |  |  | 9 |  |  |  | 36,277 |
Present value of lease liabilities | $ | 117,597 |  |  | $ | 138 |  |  | $ | 117,735 |
Summary of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases for the three months ended April 3, 2021 and March 28, 2020 were as follows:
|  | Three Months Ended |
|  | April 3, |  |  | March 28, |
|  | 2021 |  |  | 2020 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 11,772 |  |  | $ | 12,701 |
Operating cash flows from finance leases |  | $ | 2 |  |  | $ | 3 |
Financing cash flows from finance leases |  | $ | 43 |  |  | $ | 64 |
Leased assets (modified) obtained in exchange for (modified) new operating lease liabilities |  | $ | (1,892 | ) |  | $ | 8,488 |
Leased assets obtained in exchange for new finance lease liabilities |  | $ | — |  |  | $ | — |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Schedule of supplemental cash flow information related to leases. + References No definition available. + Details
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- Definition Schedule of weighted average remaining lease term and weighted average discount rates. + References No definition available. + Details
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