Leases (Tables)

3 Months Ended

Mar. 29, 2020

Schedule of Information Related to Leases

Information related to the Company’s leases for the quarters ended March 29, 2020 and March 31, 2019 are as follows:



	Quarter Ended
	March 29, 2020			March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	11,602		$	9,574
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	64,214		$	23,680

Weighted Average Remaining Lease Term
Operating leases	6.0 years			6.7 years
Weighted Average Discount Rate
Operating leases	4.2		%	4.5		%

Reconciliation of Future Undiscounted Cash Flows

The following is a reconciliation of future undiscounted cash flows to the operating liabilities, and the related right of use assets, included in our Consolidated Balance Sheets as of March 29, 2020:



	March 29, 2020
2020 (excluding the three months ended March 29, 2020)	$	35,280
2021	45,207
2022	41,609
2023	33,842
2024	22,266
2025 and thereafter	66,743
Total future lease payments	244,947
Less imputed interest	49,151
Present value of future operating lease payments	195,796
Less current portion of operating lease liabilities ⁽¹⁾	43,263
Non-current operating lease liability ⁽²⁾	152,533
Operating lease right-of-use assets, net ⁽³⁾	$	168,805

⁽¹⁾ Included in Accrued liabilities on the consolidated balance sheets.

⁽²⁾ Included in Other liabilities on the consolidated balance sheets.

⁽³⁾ Included in Property, plant, and equipment on the consolidated balance sheets.