Leases of Lessee Disclosure [Text Block] |
Leases We lease certain office and parking facilities, warehouse space, equipment, vehicles and information technology equipment under operating leases. Lease expense for these leases is recognized within the Condensed Consolidated Statements of Operations on a straight-line basis over the lease term, with variable lease payments recognized in the period those payments are incurred. The following table summarizes the amounts recognized in our Condensed Consolidated Balance Sheet related to leases: | | | | | | | | Condensed Consolidated Balance Sheet Classification | | June 29, 2019 | Assets | | | | Operating lease assets | Right-of-use assets - operating leases | | $ | 39,534 |
| Finance lease assets | Property and equipment, net | | 3,600 |
| Total lease assets | | | $ | 43,134 |
| Liabilities | | | | Current operating lease liabilities | Other current liabilities | | $ | 13,341 |
| Non-current operating lease liabilities | Lease liabilities - operating leases | | 25,825 |
| Total operating lease liabilities | | | 39,166 |
| Current portion of finance lease liabilities | Current portion of long-term debt and finance lease liabilities | | 1,312 |
| Non-current finance lease liabilities | Lease liabilities - finance leases | | 1,985 |
| Total finance lease liabilities | | | 3,297 |
| Total lease liabilities | | | $ | 42,463 |
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The components of lease cost recognized within our Condensed Consolidated Statement of Operations were as follows: | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | Condensed Consolidated Statement of Operations Classification | | June 29, 2019 | | June 29, 2019 | | | | | | | Operating lease cost | Operating expense | | $ | 1,629 |
| | $ | 3,067 |
| Operating lease cost | Selling expense | | 2,158 |
| | 4,325 |
| Operating lease cost | General and administrative expense | | 202 |
| | 403 |
| Finance lease cost: | | | | | | Amortization of right-of-use assets | Depreciation and amortization | | 340 |
| | 685 |
| Interest expense on lease liabilities | Interest expense | | 29 |
| | 63 |
| Other lease cost (1) | Operating expense | | 1,011 |
| | 1,730 |
| Other lease cost (1) | Selling expense | | 270 |
| | 616 |
| Other lease cost (1) | General and administrative expense | | 1 |
| | 3 |
| Total lease cost | | | $ | 5,640 |
| | $ | 10,892 |
| | | | | | | (1) Other lease cost includes short-term lease costs and variable lease costs. | | | | |
We often have options to renew lease terms for buildings and other assets. The exercise of lease renewal options is generally at our sole discretion. In addition, certain lease agreements may be terminated prior to their original expiration date at our discretion. We evaluate each renewal and termination option at the lease commencement date to determine if we are reasonably certain to exercise the option on the basis of economic factors. The table below summarizes the weighted average remaining lease term as of June 29, 2019. | | | Operating leases | 3.6 years | Finance leases | 2.8 years |
The discount rate implicit within our leases is generally not determinable and therefore the Company determines the discount rate based on its incremental borrowing rate. The incremental borrowing rate for each lease is determined based on its term and the currency in which lease payments are made, adjusted for the impacts of collateral. The table below summarizes the weighted average discount rate used to measure our lease liabilities as of June 29, 2019. | | | | Operating leases | 3.93 | % | Finance leases | 3.42 | % |
Supplemental Cash Flow Information Related to Leases | | | | | | Six Months Ended | | June 29, 2019 | Cash paid for amounts included in the measurement of lease liabilities: | | Operating cash flows from operating leases | $ | (8,175 | ) | Operating cash flows from finance leases | (63 | ) | Financing cash flows from finance leases | (860 | ) | Right-of-use assets obtained in exchange for lease obligations: | | Operating leases | 47,779 |
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Maturity Analysis of Lease Liabilities | | | | | | | | | | | | As of June 29, 2019 | | | Operating Leases | | Finance Leases | Remaining six months of 2019 | | $ | 7,648 |
| | $ | 508 |
| 2020 | | 13,242 |
| | 1,371 |
| 2021 | | 9,778 |
| | 1,206 |
| 2022 | | 6,504 |
| | 272 |
| 2023 | | 2,855 |
| | 82 |
| Thereafter | | 1,731 |
| | — |
| Total lease payments | | 41,758 |
| | 3,439 |
| Less interest | | 2,592 |
| | 142 |
| Total | | $ | 39,166 |
| | $ | 3,297 |
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| | | | | | | | | | | | December 31, 2018 | | | | | Operating Leases | 2019 | | | | $ | 14,023 |
| 2020 | | | | 11,272 |
| 2021 | | | | 7,712 |
| 2022 | | | | 5,129 |
| 2023 | | | | 2,060 |
| Thereafter | | | | 1,923 |
| Total lease payments | | | | $ | 42,119 |
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