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Leases (Tables)
12 Months Ended
Dec. 25, 2020
Leases [Abstract]  
Summary of Components of Lease Expense The components of lease expense were summarized as follows:

 

 

Year Ended

 

(Dollars in millions)

 

December 25, 2020

 

 

December 27, 2019

 

Operating lease cost

 

$

13.1

 

 

$

13.8

 

Short-term lease cost

 

1.3

 

 

 

1.1

 

Sublease income

 

 

(0.1

)

 

 

(0.2

)

Total lease cost

 

$

14.3

 

 

$

14.7

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

16.9

 

 

$

17.3

 

Weighted-average remaining lease term – operating leases

 

 

2.3

 

 

 

2.4

 

Weighted-average discount rate – operating leases

 

 

5.5

%

 

 

7.0

%

 

Summary of Future Minimum Payments under Operating Leases

 

Future minimum payments under operating leases as of December 25, 2020 were summarized as follows:

 

(In millions)

 

Operating Leases

 

2021

 

$

12.8

 

2022

 

 

10.7

 

2023

 

 

7.7

 

2024

 

 

5.4

 

2025

 

 

4.0

 

Thereafter

 

 

8.5

 

Total minimum lease payments

 

 

49.1

 

Less: imputed interest

 

 

6.3

 

Lease liability

 

$

42.8

 

The Company entered into two new lease agreements in fiscal year 2020 with commencement dates in fiscal year 2021. The total minimum lease payments for these two new lease agreements is $22.1 million.