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Leases - (Tables)

9 Months Ended

Sep. 29, 2019

The table below presents the lease-related assets and liabilities recorded on the balance sheet:



(In thousands)	Classification in the Condensed Consolidated Balance Sheet	September 29, 2019
Operating lease right-of-use assets	Miscellaneous assets	$	54,909
Current operating lease liabilities	Accrued expenses and other	$	7,733
Noncurrent operating lease liabilities	Other	56,156
Total operating lease liabilities		$	63,889

Operating Lease Costs

The total lease cost for operating leases included in Selling, general and administrative costs in our Condensed Consolidated Statement of Operations was as follows:



	For the Quarter Ended		For the Nine Months Ended
(In thousands)	September 29, 2019
Operating lease cost	$	2,763	$	7,310
Short term and variable lease cost	442		1,454
Total lease cost	$	3,205	$	8,764

The table below presents additional information regarding operating leases:



(In thousands, except lease term and discount rate)	September 29, 2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	6,818
Right-of-use assets obtained in exchange for operating lease liabilities⁽¹⁾	$	60,988
Weighted-average remaining lease term	9.9 years
Weighted-average discount rate	4.65		%

⁽¹⁾ Amounts for the nine months ended September 29, 2019, include the transition adjustment resulting from the adoption of ASU 2016-02 as discussed in Note 2.

Operating Lease Liability Maturity

Maturities of lease liabilities on an annual basis for the Company's operating leases as of September 29, 2019, were as follows:



(In thousands)	Amount
2019 (3 months ending December 29, 2019)	$	2,284
2020	9,808
2021	9,026
2022	8,577
2023	7,970
Later Years	41,899
Total lease payments	$	79,564
Less: Interest	(15,675		)
Present value of lease liabilities	$	63,889

Cash Flows To Be Received

The building rental revenue was as follows:



	For the Quarter Ended		For the Nine Months Ended
(In thousands)	September 29, 2019
Building rental revenue ⁽¹⁾	$	7,887	$	22,962

⁽¹⁾ Building rental revenue includes approximately $3.0 million and $8.8 million of sublease income for the quarter and nine months ended September 29, 2019, respectively.

Maturities of lease payments to be received on an annual basis for the Company's office space operating leases as of September 29, 2019, were as follows:



(In thousands)	Amount
2019 (3 months ending December 29, 2019)	$	7,590
2020	32,242
2021	32,259
2022	32,254
2023	19,329
Later Years	142,162
Total building rental revenue from operating leases	$	265,836