Leases (Tables)

9 Months Ended

Sep. 29, 2019

Leases [Abstract]

Schedule of Lease Cost

Lease Costs

	Three Months Ended		Nine Months Ended
	September 29, 2019		September 29, 2019
Lease cost	(In thousands)
Finance lease cost:
Amortization of right-of-use assets	$	112	$	536
Interest on lease liabilities	12		31
Operating lease cost	6,023		17,624
Short-term lease cost	363		1,509
Variable lease cost	561		1,319
Total lease cost	$	7,071	$	21,019
Other supplemental information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	12	$	31
Operating cash flows from operating leases	5,653		16,158
Financing cash flows from finance leases	291		808
Right-of-use assets obtained in exchange for new finance lease liabilities	252		803
Right-of-use assets obtained in exchange for new operating lease liabilities	1,437		7,973

	September 29, 2019
Weighted-average remaining lease term – finance leases (in years)	2.25
Weighted-average remaining lease term – operating leases (in years)	10.75
Weighted-average discount rate – finance leases	2.25	%
Weighted-average discount rate – operating leases	5.85	%

The table below represents a summary of the balances recorded in the consolidated condensed balance sheet related to our leases as of September 29, 2019:

	September 29, 2019
	(In thousands)
Balance Sheet Location	Operating Leases		Finance Leases
Operating lease right-of-use assets	$	110,051
Current portion of operating lease liabilities	$	15,780
Operating lease liabilities	91,480
Total operating lease liabilities	$	107,260
Property and equipment			$	3,951
Accrued expenses			$	1,150
Other long-term liabilities			972
Total finance lease liabilities			$	2,122

Lease Liability Maturity Schedule

Maturity analysis of lease payments under non-cancellable leases were as follows:

Fiscal Year	Operating Leases			Finance Leases
	(In thousands)
2019 (excluding the nine months ended September 29, 2019)	$	5,690		$	304
2020	20,432			1,141
2021	16,257			469
2022	13,007			174
2023	10,924			84
Thereafter	83,263			14
Total future minimum lease payments (undiscounted)	149,573			2,186
Less: Present value discount	(42,313		)	(64		)
Total lease liability	$	107,260		$	2,122

Lease Liability Maturity Schedule

Maturity analysis of lease payments under non-cancellable leases were as follows:

Fiscal Year	Operating Leases			Finance Leases
	(In thousands)
2019 (excluding the nine months ended September 29, 2019)	$	5,690		$	304
2020	20,432			1,141
2021	16,257			469
2022	13,007			174
2023	10,924			84
Thereafter	83,263			14
Total future minimum lease payments (undiscounted)	149,573			2,186
Less: Present value discount	(42,313		)	(64		)
Total lease liability	$	107,260		$	2,122

Schedule of Future Minimum Rental Payments for Operating Leases

At December 30, 2018, aggregate minimum rent commitments under operating leases with initial or remaining terms of one year or more consisted of the following:

Fiscal Year	Amount
	(In thousands)
2019	$	26,113
2020	22,066
2021	16,453
2022	8,692
2023	5,186
Thereafter	15,237
Total minimum rent commitments	$	93,747