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Leases (Tables)

12 Months Ended

Dec. 29, 2019

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



(In thousands)	Classification in the Consolidated Balance Sheet	December 29, 2019
Operating lease right-of-use assets	Miscellaneous assets	$	53,549
Current operating lease liabilities	Accrued expenses and other	$	7,853
Noncurrent operating lease liabilities	Other	55,136
Total operating lease liabilities		$	62,989

Operating Lease Costs

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



	For the Twelve Months Ended
(In thousands)	December 29, 2019
Operating lease cost	$	9,980
Short term and variable lease cost	1,814
Total lease cost	$	11,794

Prior to the adoption of ASU 2016-02, rental expense was approximately $14 million in 2018 and $19 million in 2017.

The table below presents additional information regarding operating leases:



(In thousands, except lease term and discount rate)	December 29, 2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	9,101
Right-of-use assets obtained in exchange for operating lease liabilities	$	61,270
Weighted-average remaining lease term	9.7 years
Weighted-average discount rate	4.64		%

Operating Lease Liability Maturity

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



(In thousands)	Amount
2020	$	10,092
2021	9,146
2022	8,689
2023	8,079
2024	7,042
Later Years	35,113
Total lease payments	$	78,161
Less: Interest	(15,172		)
Present value of lease liabilities	$	62,989

Cash Flows To Be Received

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



(In thousands)	Amount
2020	$	32,242
2021	32,259
2022	32,254
2023	19,329
2024	15,529
Later Years	126,633
Total building rental revenue from operating leases	$	258,246