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LEASES (Tables) | 9 Months Ended
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Oct. 03, 2020
Leases [Abstract] |
Components of leases | 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 October 3, 2020 |  | For the 13 Weeks Ended September 28, 2019 |  | For the 40 Weeks Ended October 3, 2020 |  | For the 39 Weeks Ended September 28, 2019
Operating lease cost(1)(2) |  | SG&A |  | $ | 26,579 |  |  | $ | 28,997 |  |  | $ | 81,088 |  |  | $ | 89,240 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |
Amortization of ROU assets |  | SG&A |  | $ | 134 |  |  | $ | 114 |  |  | $ | 370 |  |  | $ | 354 |
Interest on lease liabilities |  | Interest expense |  | $ | 2 |  |  | $ | 9 |  |  | $ | 19 |  |  | $ | 29 |
Short-term lease cost |  | SG&A |  | $ | 78 |  |  | $ | 206 |  |  | $ | 418 |  |  | $ | 1,019 |
Variable lease cost |  | SG&A |  | $ | 4,140 |  |  | $ | 9,492 |  |  | $ | 15,318 |  |  | $ | 26,834 |
_______________________________________________ (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 |  | October 3, 2020 |  | December 28, 2019
Assets |  |  |  |  |  |
Operating |  | Operating lease ROU assets |  | $ | 244,483 |  |  | $ | 288,166 |
Finance |  | Property, plant and equipment - net of accumulated depreciation of $4,616 and $4,015, respectively |  | $ | 5,928 |  |  | $ | 5,918 |
Liabilities |  |  |  |  |  |
Current: |  |  |  |  |  |
Operating |  | Current operating lease liabilities |  | $ | 63,606 |  |  | $ | 68,838 |
Finance |  | Short-term and current portion of long-term debt |  | $ | 966 |  |  | $ | 1,011 |
Noncurrent: |  |  |  |  |  |
Operating |  | Long-term operating lease liabilities |  | $ | 260,692 |  |  | $ | 288,689 |
Finance |  | Long-term debt |  | $ | 808 |  |  | $ | 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 |  | October 3, 2020 |  | December 28, 2019
Weighted-average remaining lease term: |  |  |  |
Operating leases |  | 6.3 years |  | 6.1 years
Finance leases |  | 1.5 years |  | 2.3 years
Weighted-average discount rate: |  |  |  |
Operating leases |  | 14.0 | % |  | 13.9 | %
Finance leases |  | 1.2 | % |  | 1.2 | %
Maturity of lease liabilities | Future minimum lease payments by year as of October 3, 2020 were as follows (in thousands):
Fiscal Year |  | Operating Leases (1) |  | Finance Leases
2020 (remaining) |  | $ | 29,494 |  |  | $ | 242 |
2021 |  | 101,168 |  |  | 1,028 |
2022 |  | 87,133 |  |  | 513 |
2023 |  | 69,416 |  |  | — |
2024 |  | 49,592 |  |  | — |
2025 |  | 36,381 |  |  | — |
Thereafter |  | 132,603 |  |  | — |
Total lease payments |  | $ | 505,787 |  |  | $ | 1,783 |
Less: Interest |  | 181,489 |  |  | 9 |
Total lease obligations |  | $ | 324,298 |  |  | $ | 1,774 |
________________________________________________________________________ (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):
Fiscal Year |  | Operating Leases |  | Finance Leases
2020 |  | $ | 116,778 |  |  | $ | 1,042 |
2021 |  | 94,795 |  |  | 978 |
2022 |  | 81,536 |  |  | 488 |
2023 |  | 64,582 |  |  | — |
2024 |  | 45,846 |  |  | — |
Thereafter |  | 153,255 |  |  | — |
Total lease payments |  | $ | 556,792 |  |  | $ | 2,508 |
Less: Interest |  | 199,265 |  |  | 30 |
Finance lease obligations |  | $ | 357,527 |  |  | $ | 2,478 |
Maturity of lease liabilities | Future minimum lease payments by year as of October 3, 2020 were as follows (in thousands):
Fiscal Year |  | Operating Leases (1) |  | Finance Leases
2020 (remaining) |  | $ | 29,494 |  |  | $ | 242 |
2021 |  | 101,168 |  |  | 1,028 |
2022 |  | 87,133 |  |  | 513 |
2023 |  | 69,416 |  |  | — |
2024 |  | 49,592 |  |  | — |
2025 |  | 36,381 |  |  | — |
Thereafter |  | 132,603 |  |  | — |
Total lease payments |  | $ | 505,787 |  |  | $ | 1,783 |
Less: Interest |  | 181,489 |  |  | 9 |
Total lease obligations |  | $ | 324,298 |  |  | $ | 1,774 |
________________________________________________________________________ (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):
Fiscal Year |  | Operating Leases |  | Finance Leases
2020 |  | $ | 116,778 |  |  | $ | 1,042 |
2021 |  | 94,795 |  |  | 978 |
2022 |  | 81,536 |  |  | 488 |
2023 |  | 64,582 |  |  | — |
2024 |  | 45,846 |  |  | — |
Thereafter |  | 153,255 |  |  | — |
Total lease payments |  | $ | 556,792 |  |  | $ | 2,508 |
Less: Interest |  | 199,265 |  |  | 30 |
Finance lease obligations |  | $ | 357,527 |  |  | $ | 2,478 |
Supplemental cash flow information | Supplemental cash flow information related to leases was as follows (in thousands):
| For the 40 Weeks Ended October 3, 2020 |  | For the 39 Weeks Ended September 28, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases(1) | $ | 96,722 |  |  | $ | 83,695 |
Operating cash flows from finance leases | 19 |  |  | 29 |
Financing cash flows from finance leases | 840 |  |  | 693 |
Leased assets obtained in exchange for new operating lease liabilities | 30,151 |  |  | 25,854 |
________________________________________________________________________________ (1) Cash flows for the 40 weeks ended October 3, 2020 exclude the impact of deferred or abated rent amounts

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