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LEASES (Tables)

6 Months Ended

Jul. 04, 2020

The components of lease expense were as follows (in thousands):



Lease Cost	Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location	For the 13 Weeks Ended July 4, 2020		For the 13 Weeks Ended June 29, 2019		For the 27 Weeks Ended July 4, 2020		For the 26 Weeks Ended June 29, 2019
Operating lease cost⁽¹⁾⁽²⁾	SG&A	$	26,303	$	29,385	$	54,509	$	60,244
Finance lease cost:
Amortization of ROU assets	SG&A	$	135	$	114	$	236	$	240
Interest on lease liabilities	Interest expense	$	7	$	11	$	18	$	20
Short-term lease cost	SG&A	$	138	$	429	$	339	$	813
Variable lease cost	SG&A	$	3,485	$	8,549	$	11,178	$	17,341

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⁽¹⁾Includes sublease income, which was immaterial.

⁽²⁾Excludes the impact of deferred or abated rent amounts

The following table discloses supplemental balance sheet information for the Company’s leases (in thousands):



Leases	Condensed Consolidated Balance Sheets Location	July 4, 2020		December 28, 2019
Assets
Operating	Operating lease ROU assets	$	253,884	$	288,166
Finance	Property, plant and equipment - net of accumulated depreciation of $4,284 and $4,015, respectively	$	5,767	$	5,918

Liabilities
Current:
Operating	Current operating lease liabilities	$	67,755	$	68,838
Finance	Short-term and current portion of long-term debt	$	1,017	$	1,011
Noncurrent:
Operating	Long-term operating lease liabilities	$	270,056	$	288,689
Finance	Long-term debt	$	1,023	$	1,468

The following table discloses the weighted-average remaining lease term and weighted-average discount rate for the Company's leases:



Lease Term and Discount Rate	July 4, 2020		December 28, 2019
Weighted-average remaining lease term:
Operating leases	6.1 years		6.1 years
Finance leases	1.7 years		2.3 years
Weighted-average discount rate:
Operating leases	14.0	%	13.9	%
Finance leases	1.2	%	1.2	%

Future minimum lease payments by year as of July 4, 2020 were as follows (in thousands):

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⁽¹⁾ Future minimum lease payments exclude the impact of deferred or abated rent amounts

Future minimum lease payments by year as of December 28, 2019 were as follows (in thousands):

Future minimum lease payments by year as of July 4, 2020 were as follows (in thousands):

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⁽¹⁾ Future minimum lease payments exclude the impact of deferred or abated rent amounts

Future minimum lease payments by year as of December 28, 2019 were as follows (in thousands):

Supplemental cash flow information related to leases was as follows (in thousands):



	For the 27 Weeks Ended July 4, 2020		For the 26 Weeks Ended June 29, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases⁽¹⁾	$	62,654	$	52,934
Operating cash flows from finance leases	18		20
Financing cash flows from finance leases	482		478
Leased assets obtained in exchange for new operating lease liabilities	19,177		16,939

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⁽¹⁾ Cash flows for the 27 weeks ended July 4, 2020 exclude the impact of deferred or abated rent amounts