Leases (Tables)

6 Months Ended

Jun. 28, 2019

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

	Three Months Ended		Six Months Ended
	June 28,		June 28,
	2019		2019
Operating lease cost	$	2,042	$	3,865
Finance lease cost
Amortization of right-of-use assets		177		355
Interest on lease liabilities		101		206
Variable lease cost		408		546
Total lease cost	$	2,728	$	4,972

Summary of Balance Sheet Information Related to Leases

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

	June 28,
	2019
Operating leases
Operating lease right-of-use assets	$	38,633

Current portion of operating lease liabilities	$	5,225
Operating lease liabilities		35,108
Total operating lease liabilities	$	40,333

Finance leases
Property, plant and equipment, gross	$	13,511
Accumulated depreciation		(7,267	)
Property, plant and equipment, net	$	6,244

Accrued expenses and other current liabilities	$	618
Other liabilities		6,764
Total finance lease liabilities	$	7,382

Weighted-average remaining lease term (in years)
Operating leases		10.8
Finance leases		9.8
Weighted-average discount rate
Operating leases		5.71	%
Finance leases		5.49	%

Summary of Cash Flow Information Related to Leases

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

	Six Months Ended
	June 28,
	2019
Cash paid for amounts included in lease liabilities
Operating cash flows from finance leases	$	294
Operating cash flows from operating leases	$	4,264
Financing cash flows from finance leases	$	283
Right-of-use assets obtained in exchange for new operating lease liabilities	$	5,471

Future Minimum Lease Payments Under Operating and Finance Leases

Future minimum lease payments under operating and finance leases expiring subsequent to June 28, 2019, 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 Lease			Finance Lease
2019 (remainder of year)	$	3,878		$	499
2020		6,240			980
2021		6,090			907
2022		5,340			907
2023		4,687			930
Thereafter		29,138			5,394
Total minimum lease payments		55,373			9,617
Less: Interest		(15,040	)		(2,235	)
Present value of lease liabilities	$	40,333		$	7,382

Future Minimum Lease Payments Under Operating and Capital Leases

Future minimum lease payments under operating and capital leases expiring subsequent to December 31, 2018 under Accounting Standard Codification Topic 840, “Leases”, 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 Lease ⁽¹⁾		Capital Lease
2019	$	7,797	$	990
2020		6,263		980
2021		5,757		907
2022		5,264		907
2023		4,719		930
Thereafter		26,149		5,394
Total minimum lease payments	$	55,949	$	10,108

(1)

Future minimum lease payments as of December 31, 2018 included common-area maintenance and other property management costs and tax obligations.