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COMMITMENTS AND CONTINGENCIES (Tables) | 9 Months Ended
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Sep. 29, 2019
Commitments and Contingencies Disclosure [Abstract] |
Schedule of workers’ compensation collateral commitments | We have provided our insurance carriers and certain states with commitments in the form and amounts listed below:
(in thousands) | September 29, 2019 | December 30, 2018
Cash collateral held by workers’ compensation insurance carriers | $ | 22,456 |  | $ | 22,264 |
Cash and cash equivalents held in Trust | 23,459 |  | 28,021 |
Investments held in Trust | 147,354 |  | 156,618 |
Letters of credit (1) | 6,677 |  | 6,691 |
Surety bonds (2) | 22,462 |  | 21,881 |
Total collateral commitments | $ | 222,408 |  | $ | 235,475 |
(1) | We have agreements with certain financial institutions to issue letters of credit as collateral.
(2) Our surety bonds are issued by independent insurance companies on our behalf and bear annual fees based on a percentage of the bond, which are determined by each independent surety carrier. These fees do not exceed 2.0% of the bond amount, subject to a minimum charge. The terms of these bonds are subject to review and renewal every one to four years and most bonds can be canceled by the sureties with as little as 60 days’ notice.
Components of operating lease costs | Operating lease costs were comprised of the following:
| Thirteen weeks ended |  | Thirty-nine weeks ended
(in thousands) | September 29, 2019
Operating lease costs | $ | 4,350 |  |  | $ | 12,985 |
Short-term lease costs | 1,790 |  |  | 5,453 |
Other lease costs (1) | 1,458 |  |  | 4,546 |
Total lease costs | $ | 7,598 |  |  | $ | 22,984 |
(1) | Other lease costs include immaterial variable lease costs and sublease income.
Other operating lease information | Other information related to our operating leases was as follows:
| September 29, 2019
Weighted average remaining lease term in years | 3.5
Weighted average discount rate | 5.0%
Maturities of Operating Lease Liabilities | Future non-cancelable minimum lease payments under our operating lease commitments as of September 29, 2019, are as follows for each of the next five years and thereafter:
(in thousands) |
Remainder of 2019 | $ | 4,219 |
2020 | 15,283 |
2021 | 11,195 |
2022 | 6,356 |
2023 | 4,123 |
2024 | 1,551 |
Thereafter | 1,476 |
Total undiscounted future non-cancelable minimum lease payments (1) | 44,203 |
Less: Imputed interest (2) | 5,146 |
Present value of lease liabilities | $ | 39,057 |
(1) | Operating lease payments exclude approximately $1.9 million of legally binding minimum lease payments for leases signed but not yet commenced.
(2) | Amount necessary to reduce net minimum lease payments to present value calculated using our incremental borrowing rates, which are consistent with the lease terms at adoption date (for those leases in existence as of the adoption date of the new lease standard) or lease inception (for those leases entered into after the adoption date).
Future non-cancelable minimum lease payments under our operating lease commitments as of December 30, 2018 were as follows for each of the next five years and thereafter:
(in thousands) |
2019 | $ | 8,337 |
2020 | 7,192 |
2021 | 4,990 |
2022 | 2,442 |
2023 | 1,324 |
Thereafter | 699 |
Total future non-cancelable minimum lease payments | $ | 24,984 |

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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=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph (Note 1,3) -URI http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41499-112717 Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118943654&loc=d3e12069-110248 Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84164451&loc=d3e36991-112694 + Details
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- Definition Tabular disclosure of information about obligations resulting from other commitments. + References No definition available. + Details
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