Leases

9 Months Ended

Oct. 03, 2023

Leases [Abstract]

Leases

Leases

Supplemental balance sheet information related to leases is as follows (in thousands):

Classification		October 3, 2023		January 3, 2023
Assets
Operating	Operating lease assets, net	$	187,218	$	183,392
Finance	Property and equipment	3,908		5,258
Total leased assets		$	191,126	$	188,650
Liabilities
Current lease liabilities
Operating	Current operating lease liabilities	$	29,721	$	28,581
Finance	Accrued expenses and other current liabilities	2,351		2,210
Long-term lease liabilities
Operating	Long-term operating lease liabilities	189,978		187,320
Finance	Other long-term liabilities	1,939		3,520
Total lease liabilities		$	223,989	$	221,631

Sublease income recognized in the Condensed Consolidated Statements of Operations was $0.7 million and $0.8 million for the third quarter of 2023 and 2022, and $2.4 million for both of the first three quarters of 2023 and 2022, respectively.

Supplemental disclosures of cash flow information related to leases are as follows (in thousands):

	Fiscal Quarter Ended				Three Fiscal Quarters Ended
	October 3, 2023		September 27, 2022		October 3, 2023		September 27, 2022
Cash paid for lease liabilities:
Operating leases	$	10,769	$	10,459	$	31,856	$	31,318
Finance leases	626		538		2,028		1,751
	$	11,395	$	10,997	$	33,884	$	33,069
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	9,857	$	9,351	$	23,631	$	17,458
Finance leases	179		444		356		1,287
	$	10,036	$	9,795	$	23,987	$	18,745

Leases

Leases

Supplemental balance sheet information related to leases is as follows (in thousands):

Classification		October 3, 2023		January 3, 2023
Assets
Operating	Operating lease assets, net	$	187,218	$	183,392
Finance	Property and equipment	3,908		5,258
Total leased assets		$	191,126	$	188,650
Liabilities
Current lease liabilities
Operating	Current operating lease liabilities	$	29,721	$	28,581
Finance	Accrued expenses and other current liabilities	2,351		2,210
Long-term lease liabilities
Operating	Long-term operating lease liabilities	189,978		187,320
Finance	Other long-term liabilities	1,939		3,520
Total lease liabilities		$	223,989	$	221,631

Sublease income recognized in the Condensed Consolidated Statements of Operations was $0.7 million and $0.8 million for the third quarter of 2023 and 2022, and $2.4 million for both of the first three quarters of 2023 and 2022, respectively.

Supplemental disclosures of cash flow information related to leases are as follows (in thousands):

	Fiscal Quarter Ended				Three Fiscal Quarters Ended
	October 3, 2023		September 27, 2022		October 3, 2023		September 27, 2022
Cash paid for lease liabilities:
Operating leases	$	10,769	$	10,459	$	31,856	$	31,318
Finance leases	626		538		2,028		1,751
	$	11,395	$	10,997	$	33,884	$	33,069
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	9,857	$	9,351	$	23,631	$	17,458
Finance leases	179		444		356		1,287
	$	10,036	$	9,795	$	23,987	$	18,745