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Leases (Tables) | 9 Months Ended
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Oct. 01, 2022
Leases [Abstract] |
Schedule of Lease Assets and Lease Liabilities | At October 1, 2022 and January 1, 2022, the Company’s lease assets and lease liabilities, primarily for its studios and corporate offices, were as follows:
|  | October 1, 2022 |  |  | January 1, 2022 |
Assets: |  |  |  |  |  |
Operating lease assets |  | $ | 79,911 |  |  | $ | 89,902 |
Finance lease assets |  |  | 72 |  |  |  | 127 |
Total leased assets |  | $ | 79,983 |  |  | $ | 90,029 |
Liabilities: |  |  |  |  |  |
Current |  |  |  |  |  |
Operating |  | $ | 18,457 |  |  | $ | 20,297 |
Finance |  |  | 38 |  |  |  | 75 |
Noncurrent |  |  |  |  |  |
Operating |  | $ | 70,848 |  |  | $ | 78,157 |
Finance |  |  | 9 |  |  |  | 29 |
Total lease liabilities |  | $ | 89,352 |  |  | $ | 98,558 |
Schedule of Components of Lease Expense | For the three and nine months ended October 1, 2022 and October 2, 2021, the components of the Company’s lease expense were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | October 1, |  |  | October 2, |  |  | October 1, |  |  | October 2, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Operating lease cost: |  |  |  |  |  |  |  |  |  |  |  |
Fixed lease cost |  | $ | 9,071 |  |  | $ | 8,533 |  |  | $ | 24,974 |  |  | $ | 29,359 |
Lease termination cost |  |  | (189 | ) |  |  | 2,320 |  |  |  | 1,912 |  |  |  | 8,680 |
Variable lease cost |  |  | 7 |  |  |  | 6 |  |  |  | 20 |  |  |  | 15 |
Total operating lease cost |  | $ | 8,889 |  |  | $ | 10,859 |  |  | $ | 26,906 |  |  | $ | 38,054 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of leased assets |  |  | 25 |  |  |  | 36 |  |  |  | 86 |  |  |  | 116 |
Interest on lease liabilities |  |  | 4 |  |  |  | 2 |  |  |  | 6 |  |  |  | 7 |
Total finance lease cost |  | $ | 29 |  |  | $ | 38 |  |  | $ | 92 |  |  | $ | 123 |
Total lease cost |  | $ | 8,918 |  |  | $ | 10,897 |  |  | $ | 26,998 |  |  | $ | 38,177 |
Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rates | At October 1, 2022 and January 1, 2022, the Company’s weighted average remaining lease term and weighted average discount rates were as follows:
|  | October 1, 2022 |  |  | January 1, 2022 |
Weighted Average Remaining Lease Term (years) |  |  |  |  |  |
Operating leases |  |  | 7.00 |  |  |  | 7.29 |
Finance leases |  |  | 1.00 |  |  |  | 1.54 |
Weighted Average Discount Rate |  |  |  |  |  |
Operating leases |  |  | 7.01 |  |  |  | 7.15 |
Finance leases |  |  | 3.39 |  |  |  | 5.31 |
Schedule of Maturity of Lease Liabilities | At October 1, 2022, 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 2022 | $ | 4,734 |  |  | $ | 13 |  |  | $ | 4,747 |
Fiscal 2023 |  | 24,872 |  |  |  | 31 |  |  |  | 24,903 |
Fiscal 2024 |  | 18,014 |  |  |  | 4 |  |  |  | 18,018 |
Fiscal 2025 |  | 12,575 |  |  |  | — |  |  |  | 12,575 |
Fiscal 2026 |  | 9,683 |  |  |  | — |  |  |  | 9,683 |
Fiscal 2027 |  | 9,376 |  |  |  | — |  |  |  | 9,376 |
Thereafter |  | 36,089 |  |  |  | — |  |  |  | 36,089 |
Total lease payments | $ | 115,343 |  |  | $ | 48 |  |  | $ | 115,391 |
Less imputed interest |  | 26,038 |  |  |  | 1 |  |  |  | 26,039 |
Present value of lease liabilities | $ | 89,305 |  |  | $ | 47 |  |  | $ | 89,352 |
Summary of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases for the nine months ended October 1, 2022 and October 2, 2021 were as follows:
|  | Nine Months Ended |
|  | October 1, |  |  | October 2, |
|  | 2022 |  |  | 2021 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 24,244 |  |  | $ | 31,021 |
Operating cash flows from finance leases |  | $ | 6 |  |  | $ | 7 |
Financing cash flows from finance leases |  | $ | 86 |  |  | $ | 116 |
Leased assets obtained (modified) in exchange for new (modified) operating lease liabilities |  | $ | 11,160 |  |  | $ | (496 | )
Leased assets obtained in exchange for new finance lease liabilities |  | $ | 44 |  |  | $ | 81 |

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