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LEASES (Tables)
6 Months Ended
Jul. 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 July 2, 2022For the 13 Weeks Ended July 3, 2021For the 26 Weeks Ended July 2, 2022For the 26 Weeks Ended July 3, 2021
Operating lease cost(1
SG&A$19,465 $21,727 $39,556 $45,094 
Short-term lease costSG&A$216 $152 $400 $320 
Variable lease costSG&A$7,703 $5,373 $14,651 $10,780 
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(1) Includes sublease income, which was immaterial.

The following table discloses supplemental balance sheet information for the Company’s leases (in thousands):
Leases Condensed
Consolidated
Balance Sheets
Location
July 2, 2022January 1, 2022
Assets
OperatingOperating lease ROU assets $168,615 $177,597 
Liabilities
Current:
OperatingCurrent operating lease liabilities$51,518 $58,721 
Noncurrent:
OperatingLong-term operating lease liabilities$163,908 $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 RateJuly 2, 2022January 1, 2022
Weighted-average remaining lease term:
Operating leases 5.7 years5.7 years
Weighted-average discount rate:
Operating leases 14.1 %14.1 %
Maturity of lease liabilities
Future minimum lease payments by year as of July 2, 2022 were as follows (in thousands):
Fiscal YearOperating Leases
2022 (remaining)$44,213 
202374,225 
202450,252 
202535,277 
202628,622 
Thereafter95,797 
Total lease payments$328,386 
Less: Interest112,960 
Total lease obligations$215,426 
Maturity of lease liabilities
Future minimum lease payments by year as of July 2, 2022 were as follows (in thousands):
Fiscal YearOperating Leases
2022 (remaining)$44,213 
202374,225 
202450,252 
202535,277 
202628,622 
Thereafter95,797 
Total lease payments$328,386 
Less: Interest112,960 
Total lease obligations$215,426 
Supplemental cash flow information
Supplemental cash flow information related to leases was as follows (in thousands):
For the 26 Weeks Ended July 2, 2022For the 26 Weeks Ended July 3, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$47,191 $55,643 
Leased assets obtained in exchange for new operating lease liabilities20,506 8,474