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LEASES (Tables) | 3 Months Ended
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Apr. 02, 2022
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 April 2, 2022 |  | For the 13 Weeks Ended April 3, 2021 |  |  |  |
Operating lease cost(1)(2) |  | SG&A |  | $ | 20,192 |  |  | $ | 23,366 |  |  |  |  |
Short-term lease cost |  | SG&A |  | $ | 184 |  |  | $ | 168 |  |  |  |  |
Variable lease cost |  | SG&A |  | $ | 6,948 |  |  | $ | 5,407 |  |  |  |  |
_______________________________________________ (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 |  | April 2, 2022 |  | January 1, 2022
Assets |  |  |  |  |  |
Operating |  | Operating lease ROU assets |  | $ | 166,231 |  |  | $ | 177,597 |
Liabilities |  |  |  |  |  |
Current: |  |  |  |  |  |
Operating |  | Current operating lease liabilities |  | $ | 52,739 |  |  | $ | 58,721 |
Noncurrent: |  |  |  |  |  |
Operating |  | Long-term operating lease liabilities |  | $ | 164,588 |  |  | $ | 174,520 |
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 |  | April 2, 2022 |  | January 1, 2022
Weighted-average remaining lease term: |  |  |  |
Operating leases |  | 5.7 years |  | 5.7 years
Weighted-average discount rate: |  |  |  |
Operating leases |  | 14.1 | % |  | 14.1 | %
Maturity of lease liabilities | Future minimum lease payments by year as of April 2, 2022 were as follows (in thousands):
Fiscal Year |  | Operating Leases (1) |  |
2022 (remaining) |  | $ | 66,249 |  |  |
2023 |  | 68,878 |  |  |
2024 |  | 45,589 |  |  |
2025 |  | 31,740 |  |  |
2026 |  | 25,676 |  |  |
Thereafter |  | 94,783 |  |  |
Total lease payments |  | $ | 332,915 |  |  |
Less: Interest |  | 115,588 |  |  |
Total lease obligations |  | $ | 217,327 |  |  |
________________________________________________________________________ (1) Future minimum lease payments exclude the impact of deferred or abated rent amounts
Maturity of lease liabilities | Future minimum lease payments by year as of April 2, 2022 were as follows (in thousands):
Fiscal Year |  | Operating Leases (1) |  |
2022 (remaining) |  | $ | 66,249 |  |  |
2023 |  | 68,878 |  |  |
2024 |  | 45,589 |  |  |
2025 |  | 31,740 |  |  |
2026 |  | 25,676 |  |  |
Thereafter |  | 94,783 |  |  |
Total lease payments |  | $ | 332,915 |  |  |
Less: Interest |  | 115,588 |  |  |
Total lease obligations |  | $ | 217,327 |  |  |
________________________________________________________________________ (1) Future minimum lease payments exclude the impact of deferred or abated rent amounts
Supplemental cash flow information | Supplemental cash flow information related to leases was as follows (in thousands):
| For the 13 Weeks Ended April 2, 2022 |  | For the 13 Weeks Ended April 3, 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases(1) | $ | 24,439 |  |  | $ | 28,740 |
Leased assets obtained in exchange for new operating lease liabilities | 1,494 |  |  | 4,931 |
________________________________________________________________________________ (1) Cash flows for the 13 weeks ended April 2, 2022 exclude the impact of deferred or abated rent amounts

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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