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LEASES (Tables)
 6 Months Ended
Jul. 03, 2021
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 July 3, 2021For the 13 Weeks Ended July 4, 2020For the 26 Weeks Ended July 3, 2021For the 27 Weeks Ended July 4, 2020
Operating lease cost(1)(2)
SG&A$21,727 $26,303 45,094 54,509 
Finance lease cost:
Amortization of ROU assetsSG&A$112 $135 233 236 
Interest on lease liabilitiesInterest expense$5 $7 10 18 
Short-term lease costSG&A$152 $138 320 339 
Variable lease costSG&A$5,373 $3,485 10,780 11,178 
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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 3, 2021January 2, 2021
Assets
OperatingOperating lease ROU assets $199,478 $226,815 
Finance
Property, plant and equipment - net of accumulated depreciation of $4,993 and $4,882, respectively
$5,613 $5,991 
Liabilities
Current:
OperatingCurrent operating lease liabilities$60,596 $64,851 
Finance Short-term and current portion of long-term debt$1,052 $1,088 
Noncurrent:
OperatingLong-term operating lease liabilities$203,027 $230,635 
Finance Long-term debt$32 $569 

The following table discloses the weighted-average remaining lease term and weighted-average discount rate for the Company's leases:
Lease Term and Discount RateJuly 3, 2021January 2, 2021
Weighted-average remaining lease term:
Operating leases 5.7 years5.9 years
Finance leases0.7 years1.2 years
Weighted-average discount rate:
Operating leases 14.1 %14.0 %
Finance leases1.2 %1.2 %
Maturity of Lease Liabilities
Future minimum lease payments by year as of July 3, 2021 were as follows (in thousands):
Fiscal Year
Operating Leases (1)
Finance Leases
2021 (remaining)$47,409 $533 
202288,748 559 
202367,822 — 
202446,496 — 
202532,742 — 
Thereafter120,748 — 
Total lease payments$403,965 $1,092 
Less: Interest140,342 8 
Total lease obligations$263,623 $1,084 
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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 January 2, 2021 were as follows (in thousands):
Fiscal Year Operating LeasesFinance Leases
2021$101,507 $1,095 
202285,753 569 
202366,909 — 
202446,656 — 
202533,012 — 
Thereafter122,318 — 
Total lease payments$456,155 $1,664 
Less: Interest 160,669 6 
Finance lease obligations$295,486 $1,658 
Maturity of Lease Liabilities
Future minimum lease payments by year as of July 3, 2021 were as follows (in thousands):
Fiscal Year
Operating Leases (1)
Finance Leases
2021 (remaining)$47,409 $533 
202288,748 559 
202367,822 — 
202446,496 — 
202532,742 — 
Thereafter120,748 — 
Total lease payments$403,965 $1,092 
Less: Interest140,342 8 
Total lease obligations$263,623 $1,084 
________________________________________________________________________
(1) Future minimum lease payments exclude the impact of deferred or abated rent amounts
Future minimum lease payments by year as of January 2, 2021 were as follows (in thousands):
Fiscal Year Operating LeasesFinance Leases
2021$101,507 $1,095 
202285,753 569 
202366,909 — 
202446,656 — 
202533,012 — 
Thereafter122,318 — 
Total lease payments$456,155 $1,664 
Less: Interest 160,669 6 
Finance lease obligations$295,486 $1,658 
Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows (in thousands):
For the 26 Weeks Ended July 3, 2021For the 27 Weeks Ended July 4, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases(1)
$55,643 $62,654 
Operating cash flows from finance leases10 18 
Financing cash flows from finance leases455 482 
Leased assets obtained in exchange for new operating lease liabilities8,474 19,177 
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(1) Cash flows exclude the impact of deferred or abated rent amounts