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Leases, Commitments and Contingencies (Tables)
12 Months Ended
Dec. 30, 2023
Leases Commitments And Contingencies Disclosure [Abstract]  
Components of Lease Expense

The components of lease expense for the years ended December 30, 2023, December 31, 2022 and January 1, 2022, are as follows (in thousands):

 

 

 

Year Ended

 

 

 

December 30,

 

 

December 31,

 

 

January 1,

 

 

 

2023

 

 

2022

 

 

2022

 

Operating lease cost

 

$

23,944

 

 

$

20,490

 

 

$

15,254

 

Short-term lease cost

 

 

10,493

 

 

 

10,175

 

 

 

9,872

 

Total lease cost

 

$

34,437

 

 

$

30,665

 

 

$

25,126

 

Other Information Relating to Leases

Other information relating to leases for the years ended December 30, 2023, December 31, 2022 and January 1, 2022,, are as follows (in thousands, except years and percentages):

 

 

Year Ended

 

 

 

December 30,

 

 

December 31,

 

 

January 1,

 

 

 

2023

 

 

2022

 

 

2022

 

Supplemental cash flows information

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

Operating cash flows relating to operating leases

 

$

(22,966

)

 

$

(19,635

)

 

$

(13,750

)

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

 

Operating leases

 

$

44,424

 

 

$

29,031

 

 

$

65,678

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term in years

 

 

 

 

 

 

 

 

 

Operating leases

 

 

6.91

 

 

 

7.12

 

 

 

7.04

 

 

 

 

 

 

 

 

 

 

 

Weighted average discount rate

 

 

 

 

 

 

 

 

 

Operating leases

 

 

5.3

%

 

 

5.2

%

 

 

5.5

%

 

Future Minimum Lease Commitments for Non-Cancelable Operating Leases

Future minimum lease commitments for operating leases are as follows (in thousands):

 

 

 

December 30,

 

 

 

2023

 

2024

 

$

26,687

 

2025

 

 

25,943

 

2026

 

 

24,480

 

2027

 

 

23,400

 

2028

 

 

19,376

 

Thereafter

 

 

39,849

 

 

 

 

 

Total future minimum lease payments

 

 

159,735

 

 

 

 

 

Less: Imputed interest

 

 

(25,337

)

 

 

 

 

Operating lease liability - total

 

$

134,398

 

 

 

 

 

Reported as of December 30, 2023:

 

 

 

Current portion of operating lease liability

 

$

20,368

 

Operating lease liability, less current portion

 

 

114,030

 

 

 

 

 

Operating lease liability - total

 

$

134,398