Leases (Tables)

6 Months Ended

Jun. 29, 2019

Schedule of components of lease expense, lease term, and discount rate

Lease term and discount rate are as follows:



	At June 29, 2019
Weighted Average Remaining Lease Term
Operating Leases	4.71 years
Finance Leases	9.08 years

Weighted Average Discount Rate
Operating Leases	3.3	%
Finance Leases	0.9	%

The components of lease costs are as follows:



	Three Months Ended June 29, 2019							Six Months Ended June 29, 2019
	Cost of Goods Sold			Selling, General and Administrative		Total		Cost of Goods Sold		Selling, General and Administrative		Total
Operating lease costs
Fixed	$	8,169		22,807		30,976		15,857		47,262		63,119
Short-term	1,552			3,577		5,129		2,991		6,486		9,477
Variable	2,093			9,348		11,441		4,371		14,548		18,919
Sub-leases	(41		)	(151	)	(192	)	(125	)	(284	)	(409	)
	11,773			35,581		47,354		23,094		68,012		91,106
Finance lease costs
Amortization of leased assets	—			392		392		—		824		824
Interest on lease liabilities	—			58		58		—		89		89
	—			450		450		—		913		913
Net lease costs	$	11,773		36,031		47,804		23,094		68,925		92,019

Schedule of supplemental balance sheet information

Supplemental balance sheet information related to leases is as follows:



	Classification	At June 29, 2019
Assets
Operating Leases
Right of use operating lease assets	Right of use operating lease assets	$	343,716
Finance Leases
Property, plant and equipment, gross	Property, plant and equipment	7,955
Accumulated depreciation	Accumulated depreciation	(2,838		)
Property, plant and equipment, net	Property, plant and equipment, net	5,117
Total lease assets		$	348,833

Liabilities
Operating Leases
Other current	Current operating lease liabilities	$	100,345
Non-current	Non-current operating lease liabilities	249,844
Total operating liabilities		350,189
Finance Leases
Short-term debt	Short-term debt and current portion of long-term debt	1,012
Long-term debt	Long-term debt, less current portion	5,014
Total finance liabilities		6,026
Total lease liabilities		$	356,215

Schedule of finance lease maturities

Maturities of lease liabilities are as follows:



Year ending December 31,	Finance Leases		Operating Leases	Total
2019 (excluding the six months ended June 29, 2019)	$	477	61,429	61,906
2020	1,034		110,389	111,423
2021	738		82,494	83,232
2022	488		55,932	56,420
2023	418		29,997	30,415
Thereafter	2,930		43,162	46,092
Total lease payments	6,085		383,403	389,488
Less imputed interest	59		33,214
Present value, Total	$	6,026	350,189

Schedule of operating lease maturities

Maturities of lease liabilities are as follows:



Year ending December 31,	Finance Leases		Operating Leases	Total
2019 (excluding the six months ended June 29, 2019)	$	477	61,429	61,906
2020	1,034		110,389	111,423
2021	738		82,494	83,232
2022	488		55,932	56,420
2023	418		29,997	30,415
Thereafter	2,930		43,162	46,092
Total lease payments	6,085		383,403	389,488
Less imputed interest	59		33,214
Present value, Total	$	6,026	350,189

Schedule of supplemental cash flow information

Supplemental cash flow information related to leases was as follows:



	Six Months Ended
	June 29, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	63,910
Operating cash flows from finance leases	26
Financing cash flows from finance leases	732
Right-of-use assets obtained in exchange for lease obligations:
Operating Leases	90,091
Finance Leases	195
Amortization:
Amortization of Right of use operating lease assets ⁽¹⁾	56,950

⁽¹⁾ Amortization of Right of use operating lease assets during the period is reflected in Other assets and prepaid expenses on the Condensed Consolidated Statements of Cash Flows.