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LEASES (Tables)
 6 Months Ended
Jun. 26, 2021
Leases [Abstract]  
Schedule of Right-of-Use Lease Assets and Lease Liabilities in Condensed Financial Statements
Right-of-use lease assets and lease liabilities are reported in the Company’s unaudited condensed consolidated balance sheets as follows:
June 26, 2021December 26, 2020
(in thousands)
Operating leases
Operating lease right-of-use assets, net$276,820 $178,220 
Other current liabilities$31,741 $24,674 
Operating lease right-of-use liabilities239,484 155,595 
Total operating lease liabilities$271,225 $180,269 
Finance leases
Property, plant and equipment, net$31,684 $31,614 
Current portion of long-term debt and finance leases$2,913 $3,018 
Long-term debt, net and finance leases26,240 26,029 
Total finance lease liabilities$29,153 $29,047 
Schedule of Operating and Finance Lease Costs and Supplemental Cash Flow Information
The components of operating and finance lease costs were as follows:
Three Months EndedSix Months Ended
June 26, 2021June 27, 2020June 26, 2021June 27, 2020
(in thousands)
Operating lease costs$11,025 $7,893 $20,376 $15,971 
Finance lease costs:
Amortization of right-of-use assets840 937 1,688 1,888 
Interest on lease liabilities327 323 655 663 
Short-term lease costs1,332 525 2,282 1,114 
Variable lease costs751 1,067 1,635 2,112 
Sublease income(580)(190)(954)(776)
Total lease costs$13,695 $10,555 $25,682 $20,972 
Supplemental cash flow information
Six Months Ended
June 26, 2021June 27, 2020
(in thousands)
Cash flows included in the measurement of lease liabilities:
Operating cash flows from operating leases$18,578 $14,149 
Operating cash flows from finance leases656 663 
Finance cash flows from finance leases1,705 2,467 
Non-cash leases activity:
Right-of-use lease assets obtained in exchange for new operating lease liabilities$107,306 $46,493 
Right-of-use lease assets obtained in exchange for new finance lease liabilities842 735 
Lease term and discount rate
As ofAs of
June 26, 2021June 27, 2020
Weighted-average remaining lease term (in years)
Operating lease9.48.4
Finance lease12.112.6
Weighted-average discount rate
Operating lease3.7 %4.2 %
Finance lease4.4 %4.5 %
Schedule of Future Minimum Lease Payments Under Non-Cancellable Operating Leases
As of June 26, 2021, maturities of operating and finance lease liabilities for each of the following five years and a total thereafter were as follows:
Operating LeasesFinance Leases
(in thousands)
2021 (excluding the six months ended June 26, 2021)$20,787 $2,131 
202239,976 3,912 
202336,660 3,526 
202435,208 3,294 
202533,112 3,012 
Thereafter159,581 22,219 
Total minimum future lease payments325,324 38,094 
Less: Imputed interest54,099 8,941 
Total lease liabilities$271,225 $29,153 
Schedule of Future Minimum Lease Payments Under Non-Cancellable Finance Leases
As of June 26, 2021, maturities of operating and finance lease liabilities for each of the following five years and a total thereafter were as follows:
Operating LeasesFinance Leases
(in thousands)
2021 (excluding the six months ended June 26, 2021)$20,787 $2,131 
202239,976 3,912 
202336,660 3,526 
202435,208 3,294 
202533,112 3,012 
Thereafter159,581 22,219 
Total minimum future lease payments325,324 38,094 
Less: Imputed interest54,099 8,941 
Total lease liabilities$271,225 $29,153