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COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 27, 2020
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)December 27,
2020		December 29,
2019
Cash collateral held by workers’ compensation insurance carriers$22,253 $22,256 
Cash and cash equivalents held in Trust29,410 23,681 
Investments held in Trust152,247 149,373 
Letters of credit (1)6,095 6,202 
Surety bonds (2)20,616 20,731 
Total collateral commitments$230,621 $222,243 
(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.
Operating Lease Costs
Operating lease costs were comprised of the following:
(in thousands)20202019
Operating lease costs$16,607 $17,333 
Short-term lease costs7,781 7,110 
Other lease costs (1)
3,922 4,722 
Total lease costs
$28,310 $29,165 
(1)Other lease costs include immaterial variable lease costs, net of sublease income.
Other Operating Lease Information
Other information related to our operating leases was as follows:
December 27,
2020		December 29,
2019
Weighted average remaining lease term in years9.04.1
Weighted average discount rate5.0%5.0%
Schedule of Future Minimum Lease Payments for Operating Leases under ASC 842
Future non-cancelable minimum lease payments under our operating lease commitments as of December 27, 2020, are as follows for each of the next five years and thereafter:
(in thousands)
20217,164 
202212,415 
202310,149 
20247,420 
20255,165 
Thereafter
36,252 
Total undiscounted future non-cancelable minimum lease payments (1)
78,565 
Less: Imputed interest (2)
9,830 
Present value of lease liabilities
$68,735 
(1)Operating lease payments exclude approximately $2.4 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).