LEASES The following is a summary of the Company’s lease cost. | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended | | Year-To-Date Ended | (In millions) | June 29, 2024 | | July 1, 2023 | | June 29, 2024 | | July 1, 2023 | Operating lease cost | $ | 8.0 | | | $ | 10.0 | | | $ | 16.9 | | | $ | 20.5 | | Variable lease cost | 3.0 | | | 3.7 | | | 5.9 | | | 7.0 | | Short-term lease cost | 0.6 | | | 1.2 | | | 1.1 | | | 1.9 | | Sublease income | (1.5) | | | (1.7) | | | (2.8) | | | (3.2) | | Total lease cost | $ | 10.1 | | | $ | 13.2 | | | $ | 21.1 | | | $ | 26.2 | |
The following is a summary of the Company’s supplemental cash flow information related to leases. | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended | | Year-To-Date Ended | (In millions) | June 29, 2024 | | July 1, 2023 | | June 29, 2024 | | July 1, 2023 | Cash paid for operating lease liabilities | $ | 13.3 | | | $ | 11.2 | | | $ | 26.3 | | | $ | 22.6 | | Operating lease assets obtained in exchange for lease liabilities | 0.3 | | | 1.4 | | | 4.9 | | | 5.4 | |
The Company did not enter into any real estate leases with commencement dates subsequent to June 29, 2024
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