Lease Commitments (Tables)

6 Months Ended

Jul. 02, 2021

Leases [Abstract]

Summary of Maturities of Lease Liabilities for Operating Liabilities

Maturities for the Company’s lease liabilities for all operating leases as of July 2, 2021 are as follows:

	Total
Year	Operating Leases
(amounts in thousands)
2021 (remaining)	$	3,416
2022		5,846
2023		4,425
2024		2,827
2025		1,941
2026 & thereafter		6,045
Total undiscounted operating lease payments		24,500
Less: Interest		(1,427	)
Total present value of operating lease liabilities	$	23,073

Summary of Weighted Average Remaining Lease Term, Discount Rate and Supplemental Cash Flow Information for All Operating Leases

 The weighted average remaining lease terms and discount rates for all operating leases as of July 2, 2021 and June 26, 2020 were as follows:

	July 2, 2021			June 26, 2020
Weighted average remaining lease term (years)		6.23			6.27
Weighted average remaining discount rate		2.12	%		2.01	%

Supplemental cash flow information related to the Company’s operating leases for the 2021 year-to-date period is as follows:

(amounts in thousands)	July 2, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflow from operating leases	$	3,883
Right-of-use assets obtained in exchange for new operating lease liabilities		4,634