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Leases (Tables)
3 Months Ended
Apr. 01, 2022
Leases [Abstract]  
Summary of Weighted Average Remaining Lease Term and Discount Rate and Leases Within Condensed Consolidated Statement of Operations
Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases:

April 1, 2022December 31, 2021
Weighted average remaining lease term:
Operating leases8.0 years8.3 years
Financing leases5.0 years12.5 years
Weighted average discount rate:
Operating leases3.6 %3.6 %
Financing leases5.2 %3.1 %
Following is a summary of the Company’s leases within the condensed consolidated statements of operations:

First Quarter
(in thousands)20222021
Operating lease costs$7,303 $6,254 
Short-term and variable leases3,580 3,877 
Depreciation expense from financing leases1,080 1,414 
Interest expense on financing lease obligations470 584 
Total lease cost$12,433 $12,129 
Summary of Future Minimum Lease Payments for Noncancelable Operating Leases Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of April 1, 2022:
(in thousands)Operating LeasesFinancing Leases
Remainder of 2022$20,696 $2,027 
202326,590 2,750 
202422,312 2,808 
202516,762 2,869 
202615,597 1,233 
Thereafter65,713 1,304 
Total minimum lease payments including interest$167,670 $12,991 
Less:  Amounts representing interest24,300 1,556 
Present value of minimum lease principal payments143,370 11,435 
Less:  Current portion of lease liabilities23,556 2,171 
Noncurrent portion of lease liabilities$119,814 $9,264 
Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2021:

(in thousands)Operating LeasesFinancing Leases
2022$26,026 $7,145 
202324,893 7,201 
202420,639 7,396 
202516,740 7,593 
202615,575 6,100 
Thereafter65,695 49,728 
Total minimum lease payments including interest$169,568 $85,163 
Less:  Amounts representing interest25,474 14,097 
Present value of minimum lease principal payments144,094 71,066 
Less:  Current portion of lease liabilities22,048 6,060 
Noncurrent portion of lease liabilities$122,046 $65,006 
Summary of Future Minimum Lease Payments for Noncancelable Finance Leases Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of April 1, 2022:
(in thousands)Operating LeasesFinancing Leases
Remainder of 2022$20,696 $2,027 
202326,590 2,750 
202422,312 2,808 
202516,762 2,869 
202615,597 1,233 
Thereafter65,713 1,304 
Total minimum lease payments including interest$167,670 $12,991 
Less:  Amounts representing interest24,300 1,556 
Present value of minimum lease principal payments143,370 11,435 
Less:  Current portion of lease liabilities23,556 2,171 
Noncurrent portion of lease liabilities$119,814 $9,264 
Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2021:

(in thousands)Operating LeasesFinancing Leases
2022$26,026 $7,145 
202324,893 7,201 
202420,639 7,396 
202516,740 7,593 
202615,575 6,100 
Thereafter65,695 49,728 
Total minimum lease payments including interest$169,568 $85,163 
Less:  Amounts representing interest25,474 14,097 
Present value of minimum lease principal payments144,094 71,066 
Less:  Current portion of lease liabilities22,048 6,060 
Noncurrent portion of lease liabilities$122,046 $65,006 
Summary of Leases Within Condensed Consolidated Statement of Cash Flow
Following is a summary of the Company’s leases within the condensed consolidated statements of cash flows:

First Quarter
(in thousands)20222021
Cash flows from operating activities impact:
Operating leases$7,006 $6,129 
Interest payments on financing lease obligations470 316 
Total cash flows from operating activities impact$7,476 $6,445 
Cash flows from financing activities impact:
Principal payments on financing lease obligations$1,375 $1,447 
Total cash flows from financing activities impact$1,375 $1,447