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Leases (Tables) | 6 Months Ended
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Jul. 03, 2021
Leases [Abstract] |
Schedule of Lease Assets and Lease Liabilities | At July 3, 2021 and January 2, 2021, the Company’s lease assets and lease liabilities were as follows:
|  | July 3, 2021 |  |  | January 2, 2021 |
Assets: |  |  |  |  |  |  |  |
Operating lease assets |  | $ | 101,382 |  |  | $ | 119,102 |
Finance lease assets |  |  | 205 |  |  |  | 207 |
Total leased assets |  | $ | 101,587 |  |  | $ | 119,309 |
Liabilities: |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |
Operating |  | $ | 22,877 |  |  | $ | 28,551 |
Finance |  |  | 116 |  |  |  | 88 |
Noncurrent |  |  |  |  |  |  |  |
Operating |  | $ | 87,664 |  |  | $ | 101,561 |
Finance |  |  | 46 |  |  |  | 93 |
Total lease liabilities |  | $ | 110,703 |  |  | $ | 130,293 |
Schedule of Components of Lease Expense | For the three and six months ended July 3, 2021 and June 27, 2020, the components of the Company’s lease expense were as follows
|  | Three Months Ended |  |  | Six Months Ended |
|  | July 3, |  |  | June 27, |  |  | July 3, |  |  | June 27, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Operating lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed lease cost |  | $ | 9,782 |  |  | $ | 12,356 |  |  | $ | 20,826 |  |  | $ | 24,997 |
Lease termination cost |  |  | 3,208 |  |  |  | 143 |  |  |  | 6,360 |  |  |  | 143 |
Variable lease cost |  |  | 5 |  |  |  | (15 | ) |  |  | 9 |  |  |  | (4 | )
Total operating lease cost |  | $ | 12,995 |  |  | $ | 12,484 |  |  | $ | 27,195 |  |  | $ | 25,136 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of leased assets |  |  | 37 |  |  |  | 41 |  |  |  | 80 |  |  |  | 106 |
Interest on lease liabilities |  |  | 2 |  |  |  | 3 |  |  |  | 5 |  |  |  | 6 |
Total finance lease cost |  | $ | 39 |  |  | $ | 44 |  |  | $ | 85 |  |  | $ | 112 |
Total lease cost |  | $ | 13,034 |  |  | $ | 12,528 |  |  | $ | 27,280 |  |  | $ | 25,248 |
Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rates | At July 3, 2021 and January 2, 2021, the Company’s weighted average remaining lease term and weighted average discount rates were as follows:
|  | July 3, 2021 |  |  | January 2, 2021 |
Weighted Average Remaining Lease Term (years) |  |  |  |  |  |  |  |
Operating leases |  |  | 7.30 |  |  |  | 7.08 |
Finance leases |  |  | 1.75 |  |  |  | 2.35 |
Weighted Average Discount Rate |  |  |  |  |  |  |  |
Operating leases |  |  | 7.06 |  |  |  | 6.95 |
Finance leases |  |  | 5.02 |  |  |  | 5.51 |
Schedule of Maturity of Lease Liabilities | At July 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 | $ | 14,408 |  |  | $ | 53 |  |  | $ | 14,461 |
2022 |  | 27,741 |  |  |  | 85 |  |  |  | 27,826 |
2023 |  | 20,509 |  |  |  | 27 |  |  |  | 20,536 |
2024 |  | 15,977 |  |  |  | 5 |  |  |  | 15,982 |
2025 |  | 11,589 |  |  |  | — |  |  |  | 11,589 |
Thereafter |  | 54,603 |  |  |  | — |  |  |  | 54,603 |
Total lease payments | $ | 144,827 |  |  | $ | 170 |  |  | $ | 144,997 |
Less imputed interest |  | 34,286 |  |  |  | 8 |  |  |  | 34,294 |
Present value of lease liabilities | $ | 110,541 |  |  | $ | 162 |  |  | $ | 110,703 |
Summary of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases for the six months ended July 3, 2021 and June 27, 2020 were as follows:
|  | Six Months Ended |
|  | July 3, |  |  | June 27, |
|  | 2021 |  |  | 2020 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 22,078 |  |  | $ | 24,997 |
Operating cash flows from finance leases |  | $ | 5 |  |  | $ | 6 |
Financing cash flows from finance leases |  | $ | 80 |  |  | $ | 106 |
Leased assets (modified) obtained in exchange for (modified) new operating lease liabilities |  | $ | (1,012 | ) |  | $ | 8,881 |
Leased assets obtained in exchange for new finance lease liabilities |  | $ | 81 |  |  | $ | 118 |

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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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