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Leases (Tables)

12 Months Ended

Jan. 01, 2022

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


Lease Cost	Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location	Fiscal Year 2021		Fiscal Year 2020
Operating lease cost(1)(2)	SG&A	$	86,994	$	106,004



Short-term lease cost	SG&A	$	666	$	610
Variable lease cost	SG&A	$	23,452	$	22,048

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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	Consolidated Balance Sheets Location	January 1, 2022		January 2, 2021
Assets
Operating	Operating lease ROU assets	$	177,597	$	226,815


Liabilities
Current:
Operating	Current operating lease liabilities	$	58,721	$	64,851

Noncurrent:
Operating	Long-term operating lease liabilities	$	174,520	$	230,635

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

January 1, 2022

January 2, 2021

Weighted-average remaining lease term:

Operating leases

5.7 years

5.9 years

Weighted-average discount rate:

Operating leases

14.1

14.0

Future minimum lease payments by year as of January 1, 2022 were as follows (in thousands):

Future minimum lease payments by year as of January 2, 2021 were as follows (in thousands):

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


	Fiscal Year 2021		Fiscal Year 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	106,049	$	131,499



Leased assets obtained in exchange for new operating lease liabilities	15,784		26,474