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Leases (Tables)
3 Months Ended
Mar. 30, 2019
Disclosure of Leases [Abstract]  
Supplemental cash flow information leases operating finance
Supplemental cash flow information and non-cash activity related to our leases are as follows (in thousands):
 
 
 
Three Months
 
 
 
(13 Weeks) Ended
 
 
 
March 30, 2019
 
Other information
 
 
 
 
Cash paid for amounts included in measurement of lease liabilities:
 
 
 
 
Operating cash flows from operating leases
 
$
5,707
 
Operating cash flows from finance leases
 
$
2,856
 
Financing cash flows from finance leases
 
$
1,947
 
Lessee balance sheet information
Supplemental balance sheet information related to our leases is as follows (in thousands):
 
 
 
 
 
 
March 30, 2019
 
Assets
 
 
 
 
 
 
 
 
Operating lease
 
 
Property, plant and equipment, net
 
 
$
94,578
 
Finance lease
 
 
Property, plant and equipment, net
 
 
 
67,123
 
Total leased
 
 
 
 
 
$
161,701
 
Liabilities
 
 
 
 
 
 
 
 
Current operating
 
 
Accrued expenses and other current liabilities
 
 
$
17,793
 
Current finance
 
 
Accrued expenses and other current liabilities
 
 
 
8,267
 
Non-current operating
 
 
Deferred credits and other liabilities
 
 
 
76,652
 
Non-current finance
 
 
Deferred credits and other liabilities
 
 
 
72,617
 
Total leased
 
 
 
 
 
$
175,329
 
Weighted average lease term discount rate finance operating
Weighted-average remaining lease term and discount rate for our leases are as follows:
 
 
 
March 30, 2019
 
Weighted-average remaining lease term - operating leases
 
 
9.6 years
 
Weighted-average remaining lease term - finance leases
 
 
10.8 years
 
Weighted-average discount rate - operating leases
 
 
3.8
%
Weighted-average discount rate - finance leases
 
 
31.8
%
Lessee operating finance lease liability maturity
Maturities of lease liabilities by fiscal year for our leases are as follows
 as of March 30, 2019 (in thousands):
 
 
Operating Leases
 
 
Finance Leases
 
Maturities of lease liabilities, year ending December 31,
 
 
 
 
 
 
 
 
2019
 
$
16,232
 
 
$
14,430
 
2020
 
 
17,613
 
 
 
18,231
 
2021
 
 
15,249
 
 
 
17,755
 
2022
 
 
13,663
 
 
 
16,959
 
2023
 
 
10,764
 
 
 
15,112
 
Thereafter
 
 
41,800
 
 
 
78,568
 
Total lease payments
 
$
115,321
 
 
$
161,055
 
Less imputed interest
 
 
(20,876
)
 
 
(80,171
)
Present value of lease liabilities
 
$
94,445
 
 
$
80,884