Leases (Tables)
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3 Months Ended |
Apr. 03, 2021 |
Leases [Abstract] |
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Summary of ROU Assets and Liabilities |
The following is a summary of the Company's ROU assets and liabilities: | | | | | | | | | | | | | | (In thousands) | April 3, 2021 | | December 31, 2020 | | | Operating Leases: | | | | | | Operating Right-of-Use Assets, Gross | $ | 28,458 | | | $ | 28,678 | | | | Less Accumulated Right-of-Use Asset Impairment | 1,710 | | | 1,710 | | | | Less Accumulated Amortization | 8,998 | | | 8,015 | | | | Operating Right-of-Use Assets, Net | $ | 17,750 | | | $ | 18,953 | | | | Short-term Operating Lease Liabilities | $ | 4,856 | | | $ | 4,998 | | | | Long-term Operating Lease Liabilities | 15,415 | | | 16,637 | | | | Operating Lease Liabilities | $ | 20,271 | | | $ | 21,635 | | | | | | | | | | Finance Leases: | | | | | | Finance Right-of-Use Assets, Gross | $ | 3,585 | | | $ | 3,484 | | | | Less Accumulated Amortization | 2,282 | | | 2,039 | | | | Finance Right-of-Use Assets, Net — Included in Other Assets | $ | 1,303 | | | $ | 1,445 | | | | Short-term Finance Lease Liabilities — Included in Accrued Expenses and Other Current Liabilities | $ | 2,196 | | | $ | 2,081 | | | | Long-term Finance Lease Liabilities — Included in Other Liabilities | 232 | | | 734 | | | | Finance Lease Liabilities | $ | 2,428 | | | $ | 2,815 | | | |
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Summary of Lease Costs and Cash Paid |
The following is a summary of the Company's total lease costs: | | | | | | | | | | | | | | | | | Three Months Ended | | | (In thousands) | April 3, 2021 | | March 28, 2020 | | | | | Finance Lease Cost: | | | | | | | | Amortization of Right-of-Use Assets | $ | 254 | | | $ | 255 | | | | | | Interest on Lease Liabilities | 35 | | | 63 | | | | | | Total Finance Lease Cost | 289 | | | 318 | | | | | | Operating Lease Cost | 1,359 | | | 1,448 | | | | | | Right-of-Use Asset Impairment | — | | | 691 | | | | | | Variable Lease Cost | 391 | | | 272 | | | | | | Short-term Lease Cost (excluding month-to-month) | 47 | | | 67 | | | | | | Less Sublease and Rental (Income) Expense | (309) | | | (331) | | | | | | Total Operating Lease Cost | 1,488 | | | 2,147 | | | | | | Total Net Lease Cost | $ | 1,777 | | | $ | 2,465 | | | | | |
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Summary of Maturity of Lease Liabilities, Operating Leases |
The following is a summary of the Company's maturity of lease liabilities: | | | | | | | | | | | | | | | (In thousands) | | Operating Leases | | Finance Leases | Remainder of 2021 | | $ | 4,120 | | | $ | 1,701 | | 2022 | | 5,171 | | | 800 | | 2023 | | 3,800 | | | — | | 2024 | | 2,858 | | | — | | 2025 | | 2,809 | | | — | | Thereafter | | 3,361 | | | — | | Total Lease Payments | | 22,119 | | | 2,501 | | Less: Interest | | 1,848 | | | 73 | | Total Lease Liability | | $ | 20,271 | | | $ | 2,428 | |
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Summary of Maturity of Lease Liabilities, Financing Leases |
The following is a summary of the Company's maturity of lease liabilities: | | | | | | | | | | | | | | | (In thousands) | | Operating Leases | | Finance Leases | Remainder of 2021 | | $ | 4,120 | | | $ | 1,701 | | 2022 | | 5,171 | | | 800 | | 2023 | | 3,800 | | | — | | 2024 | | 2,858 | | | — | | 2025 | | 2,809 | | | — | | Thereafter | | 3,361 | | | — | | Total Lease Payments | | 22,119 | | | 2,501 | | Less: Interest | | 1,848 | | | 73 | | Total Lease Liability | | $ | 20,271 | | | $ | 2,428 | |
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