Leases (Tables)

9 Months Ended

Sep. 28, 2019

Supplemental statement of earnings information related to our leases is as follows (in thousands):

		Three Months		Nine Months
		(13 Weeks) Ended		(39 Weeks) Ended
	Statement of Earnings Classification	Sept. 28, 2019		Sept. 28, 2019
Operating lease cost	Cost of products sold	$	4,932	$	16,075
Operating lease cost	Marketing, administrative and other expenses		990		1,572
Total operating lease cost		$	5,922	$	17,647
Finance lease cost:
Amortization of leased assets	Cost of products sold	$	2,377	$	7,054
Interest on lease liabilities	Interest expense, net		2,788		8,451
Total finance lease cost		$	5,165	$	15,505
Total lease cost		$	11,087	$	33,152

Supplemental cash flow information related to our leases is as follows (in thousands):

	Nine Months
	(39 Weeks) Ended
	Sept. 28, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	16,766
Operating cash flows from finance leases	$	8,451
Financing cash flows from finance leases	$	6,538

Supplemental balance sheet information related to our leases is as follows (in thousands):

	Balance Sheet Classification	Sept. 28, 2019
Assets:
Operating lease	Other assets	$	92,022
Finance lease	Property, plant and equipment, net		67,554
Total leased		$	159,576
Liabilities:
Current operating	Accrued expenses and other current liabilities	$	17,362
Current finance	Current portion of long-term debt and finance lease obligations		8,878
Non-current operating	Deferred credits and other liabilities		75,854
Non-current finance	Long-term debt and finance lease obligations due after one year		72,773
Total leased		$	174,867

Weighted-average remaining lease term and discount rate for our leases are as follows:

		Sept. 28, 2019
Weighted-average remaining lease term - operating leases		9.3 years
Weighted-average remaining lease term - finance leases		10.3 years
Weighted-average discount rate - operating leases		3.8%
Weighted-average discount rate - finance leases		30.8%

Maturities of lease liabilities by fiscal year for our leases were as follows as of September 28, 2019 (in thousands):

	Operating Leases			Finance Leases
Maturities of lease liabilities, year ending December 31,
2019	$	5,957		$	4,904
2020		19,223			19,307
2021		16,853			18,833
2022		15,248			18,038
2023		12,161			16,194
Thereafter		44,265			79,529
Total lease payments	$	113,707		$	156,805
Less imputed interest		(20,491	)		(75,154	)
Present value of lease liabilities	$	93,216		$	81,651