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LEASES (Tables)
6 Months Ended
Jun. 29, 2024
Leases [Abstract]  
Schedule of 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 June 29, 2024For the 13 Weeks Ended July 1, 2023For the 26 Weeks Ended June 29, 2024For the 26 Weeks Ended July 1, 2023
Operating lease cost(1)
SG&A$15,869 $18,614 $32,178 $36,491 
Short-term lease costSG&A$240 $295 $526 $510 
Variable lease costSG&A$5,285 $5,534 $10,638 $11,653 
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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
June 29, 2024December 30, 2023
Assets
OperatingOperating lease ROU assets $140,168 $151,000 
Liabilities
Current:
OperatingCurrent operating lease liabilities$39,689 $43,565 
Noncurrent:
OperatingLong-term operating lease liabilities$125,360 $137,644 

The following table discloses the weighted-average remaining lease term and weighted-average discount rate for the Company's leases:
Lease Term and Discount RateJune 29, 2024December 30, 2023
Weighted-average remaining lease term:
Operating leases 6.3 years6.4 years
Weighted-average discount rate:
Operating leases 15.0 %14.9 %
Schedule of Finance Lease, Liability, to be Paid, Maturity
Future minimum lease payments by year as of June 29, 2024 were as follows (in thousands):
Fiscal YearOperating Leases
2024 (remaining)$34,997 
202554,544 
202641,148 
202729,042 
202818,375 
Thereafter87,018 
Total lease payments$265,124 
Less: Interest100,075 
Total lease obligations$165,049 
Schedule of Lessee, Operating Lease, Liability, to be Paid, Maturity
Future minimum lease payments by year as of June 29, 2024 were as follows (in thousands):
Fiscal YearOperating Leases
2024 (remaining)$34,997 
202554,544 
202641,148 
202729,042 
202818,375 
Thereafter87,018 
Total lease payments$265,124 
Less: Interest100,075 
Total lease obligations$165,049 
Schedule of Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows (in thousands):
For the 26 Weeks Ended June 29, 2024For the 26 Weeks Ended July 1, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$38,818 $43,774 
Leased assets obtained in exchange for new operating lease liabilities12,809 18,570