Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Summary of Components of Lease Costs

The following table summarizes the components of lease costs (in thousands):

	Three Months Ended				Six Months Ended
	June 30,		July 1,		June 30,		July 1,
	2023		2022		2023		2022
Operating lease cost	$	2,639	$	2,648	$	5,277	$	5,392
Finance lease cost
Amortization of right-of-use assets		151		150		301		301
Interest on lease liabilities		69		78		140		157
Variable lease cost		325		353		561		618
Total lease cost	$	3,184	$	3,229	$	6,279	$	6,468

Summary of Balance Sheet Information Related to Leases

The following table provides additional details of balance sheet information related to the Company’s leases (in thousands, except lease term and discount rate):

	June 30,			December 31,
	2023			2022
Operating leases
Operating lease right-of-use assets	$	43,280		$	43,317
Current portion of operating lease liabilities	$	7,881		$	7,793
Operating lease liabilities		40,729			40,808
Total operating lease liabilities	$	48,610		$	48,601
Finance leases
Property, plant and equipment, gross	$	9,582		$	9,582
Accumulated depreciation		(5,971	)		(5,670	)
Finance lease assets included in property, plant and equipment, net	$	3,611		$	3,912
Accrued expenses and other current liabilities	$	701		$	668
Other liabilities		4,298			4,652
Total finance lease liabilities	$	4,999		$	5,320
Weighted-average remaining lease term (in years):
Operating leases		7.9			8.2
Finance leases		6.0			6.5
Weighted-average discount rate:
Operating leases		4.82	%		4.64	%
Finance leases		5.54	%		5.54	%

Summary of Cash Flow Information Related to Leases

The following table provides additional details of cash flow information related to the Company’s leases (in thousands):

	Six Months Ended
	June 30,		July 1,
	2023		2022
Cash paid for amounts included in lease liabilities:
Operating cash flows from finance leases	$	140	$	157
Operating cash flows from operating leases	$	3,966	$	4,010
Financing cash flows from finance leases	$	313	$	296
Supplemental non-cash information:
Right-of-use assets obtained in exchange for new operating lease liabilities	$	3,186	$	2,931

Future Minimum Lease Payments Under Operating and Finance Leases

Future minimum lease payments under operating and finance leases expiring subsequent to June 30, 2023, including operating leases associated with facilities that have been vacated as a result of the Company’s restructuring actions, are summarized as follows (in thousands):

Year Ending December 31,	Operating Leases			Finance Leases
2023 (remainder of year)	$	4,763		$	477
2024		9,571			954
2025		9,347			954
2026		7,977			979
2027		7,093			1,003
Thereafter		21,202			1,507
Total minimum lease payments		59,953			5,874
Less: Interest		(11,343	)		(875	)
Present value of lease liabilities	$	48,610		$	4,999