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LEASES (Tables)
12 Months Ended
Dec. 29, 2019
LEASES  
Components of lease costs

 

 

 

 

 

 

Year Ended

 

 

December 29,

(in thousands)

 

2019

Financing lease costs:

 

 

 

Amortization of ROU asset

 

$

96

Interest on lease liabilities

 

 

78

Operating lease costs

 

 

13,624

Short-term lease cost

 

 

2,119

Variable lease cost

 

 

2,444

Sublease income

 

 

(5,931)

Total lease costs

 

$

12,430

 

Aggregate future lease payments for operating leases

 

 

 

 

 

    

Operating

(in thousands)

 

Leases

2020

 

 

12,879

2021

 

 

10,776

2022

 

 

10,947

2023

 

 

10,350

2024

 

 

9,004

Thereafter

 

 

21,858

Total undiscounted cash flows

 

 

75,814

Less imputed interest

 

 

(20,976)

Total lease liability

 

$

54,838

 

Summary of minimum lease commitments, net of sub-lease rental income

 

 

 

 

 

 

 

 

 

 

 

    

Operating

    

Sublease

    

Net Lease

(in thousands)

 

Leases

 

Income

 

Obligation

2019

 

$

16,408

 

$

(4,044)

 

$

12,364

2020

 

 

11,921

 

 

(1,306)

 

 

10,615

2021

 

 

9,797

 

 

(379)

 

 

9,418

2022

 

 

10,178

 

 

(334)

 

 

9,844

2023

 

 

10,160

 

 

(232)

 

 

9,928

Thereafter

 

 

31,139

 

 

 —

 

 

31,139

Total

 

$

89,603

 

$

(6,295)

 

$

83,308

 

Summary of weighted average remaining lease terms and discount rates

 

 

 

 

 

 

 

    

December 29, 2019

    

 

 

Operating

 

Financing

 

 

 

Leases

 

Lease

 

Weighted average remaining lease term (years)

 

6.90

 

5.84

 

Weighted average discount rate

 

9.19

%  

10.50

%  

 

Schedule of supplemental cash flow information related to operating leases

 

 

 

 

 

 

Year Ended

 

    

December 29,

(in thousands)

 

2019

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

Operating cash outflow from operating leases

 

 $

14,198

Operating cash outflow from financing lease

 

 

78

Financing cash outflow from financing lease

 

 

71

ROU assets obtained in exchange for new operating lease liabilities

 

 

3,154