Leases (Tables)

3 Months Ended

Mar. 29, 2019

Schedule of Right of Use Assets [Table Text Block]

Right-of-use assets, net consists of the following:



	Classification	March 29, 2019⁽¹⁾
In thousands
Assets
Operating lease right of use assets	Operating lease right-of-use assets, net	$	87,825
Finance lease right of use assets	Property, plant and equipment, net of accumulated depreciation	6,413
Total leased assets		$	94,238

⁽¹⁾ The Company elected the modified retrospective transition method that applies ASC 842 as of January 1, 2019. Refer to Note 3, Significant Accounting Policies Update, for further information on the adoption of ASC 842.

Schedule of Lease Liabilities [Table Text Block]

Lease liabilities consist of the following:



	Classification	March 29, 2019		December 31, 2018
In thousands
Liabilities
Current
Operating lease liability, current portion	Operating lease liabilities, current portion	$	24,345	$	—
Finance lease liability, current portion	Other current liabilities	2,103		1,989
Noncurrent
Operating lease liability, noncurrent portion	Operating lease liabilities, noncurrent portion	64,643		—
Finance lease liability, noncurrent portion	Other long-term liabilities	6,624		6,579
Total lease liabilities		$	97,715	$	8,568

Lessee, Lease Liabilities, Maturity [Table Text Block]

Future rental payments consist of the following:



	March 29, 2019
In thousands

Operating leases
2019⁽¹⁾	$	21,123
2020	24,633
2021	19,715
2022	13,457
2023	8,860
Thereafter	10,493
Total future operating lease payments	$	98,281
Interest	(9,293		)
Present value of future operating lease payments	$	88,988

Finance leases
2019⁽¹⁾	$	1,750
2020	2,250
2021	2,070
2022	1,685
2023	1,165
Thereafter	222
Total future finance lease payments	$	9,142
Interest	(415		)
Present value of future finance lease payments	$	8,727

Present value of total future lease payments	$	97,715

⁽¹⁾ Payments for 2019 include payments for the remaining nine months of the year ended December 31, 2019.

Lease, Cost [Table Text Block]

The following table illustrates the components of lease expense for the Company's leases.



	March 29, 2019
In thousands
Finance lease cost
Amortization of right-of-use assets	$	230
Interest on lease liabilities	49
Operating lease cost	7,219
Short-term lease cost	25
Variable lease cost	19
Total lease expense	$	7,542

Cash Flows from Leasing Activities [Table Text Block]

The following table segregates cash paid for the Company's leases.



	March 29, 2019
In thousands
Operating cash flows from operating leases	$	(5,027	)
Operating cash flows from finance leases	(49		)
Financing cash flows from finance leases	(372		)
Total cash flows from leasing activities	$	(5,448	)

Additional Lease Information [Table Text Block]

Other information related to leases is as follows:



	March 29, 2019

Weighted-average remaining lease term
Operating leases	4.49
Finance leases	3.68
Weighted-average discount rate
Operating leases	4.33	%
Finance leases	3.96	%