XML 39 R26.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Leases (Tables)
3 Months Ended
Mar. 30, 2024
Leases [Abstract]  
Right of Use Assets and Lease Liabilities
The net right of use assets and lease liabilities recognized on the consolidated condensed balance sheets for the Company's operating leases were as follows:


 
March 30, 2024
   
December 31, 2023
 
Right of use assets
           
Operating Leases
           
Buildings and improvements
 
$
120,508
   
$
121,578
 
Machinery and equipment
   
8,838
     
5,251
 
Total
 
$
129,346
   
$
126,829
 
Current lease liabilities
               
Operating Leases
               
Buildings and improvements
 
$
23,561
   
$
23,647
 
Machinery and equipment
   
4,199
     
2,838
 
Total
 
$
27,760
   
$
26,485
 
Long-term lease liabilities
               
Operating Leases
               
Buildings and improvements
 
$
99,028
   
$
100,489
 
Machinery and equipment
   
4,566
     
2,341
 
Total
 
$
103,594
   
$
102,830
 
Total lease liabilities
 
$
131,354
   
$
129,315
 
Lease Expense Total lease cost recognized on the consolidated condensed statements of operations is as follows:


Fiscal quarters ended
 
 
March 30, 2024
 
April 1, 2023
 
Lease expense
       
Operating lease expense
 
$
7,293
   
$
6,881
 
Short-term lease expense
   
256
     
256
 
Variable lease expense
   
214
     
152
 
Total lease expense
 
$
7,763
   
$
7,289
 
Undiscounted Future Lease Payments for Operating Lease Liabilities
The undiscounted future lease payments for the Company's operating lease liabilities are as follows:


 
March 30, 2024
 
2024 (excluding the three fiscal months ended March 30, 2024)
 
$
21,801
 
2025
   
26,426
 
2026
   
22,372
 
2027
   
18,373
 
2028
   
15,685
 
Thereafter
   
70,159