XML 36 R24.htm IDEA: XBRL DOCUMENT v3.21.2
Leases (Tables)
6 Months Ended
Jul. 03, 2021
Leases [Abstract]  
Schedule of Operating Lease Costs
Lease costs were as follows (in thousands):
Three Months EndedSix Months Ended
July 3,
2021
June 27,
2020
July 3,
2021
June 27,
2020
Operating lease costs(1)
$24,352 $22,357 $47,991 $45,303 
Variable lease costs
$840 $263 $1,355 $275 
___________________________
(1)Includes short-term lease costs which are not significant.
Schedule of Maturities of Operating Lease Liabilities
The maturities of operating lease liabilities as of July 3, 2021, were as follows(1) (in thousands):
2021 (excluding the six months ended July 3, 2021)$45,819 
202285,828 
202375,838 
202464,013 
202554,458 
202643,974 
Thereafter
92,392 
Total operating lease payments(2)
462,322 
Less: Interest
82,942 
Present value of operating lease liabilities(3)
$379,380 
___________________________
(1)During 2020, we deferred certain cash lease payments to future periods. At July 3, 2021, we had deferred cash rent payments of $1.6 million which are excluded from this table and are included in Other current liabilities and Other non-current liabilities.
(2)Total operating lease payments exclude $78 million of legally binding minimum lease payments for leases signed but not yet commenced.
(3)Includes the current portion of $68 million for operating lease liabilities.
Schedule of Other Information Related Operating Leases
Other information related to operating leases was as follows:
July 3,
2021
January 2,
2021
Weighted-average remaining lease term (years)
6.46.3
Weighted-average discount rate
6.5 %6.9 %
Six Months Ended
(in thousands)
July 3,
2021
June 27,
2020
Cash paid for amounts included in present value of operating lease liabilities
$43,414 $42,773 
Right-of-use assets obtained in exchange for operating lease liabilities$50,667 $17,670