Leases (Tables)

3 Months Ended

Mar. 30, 2019

Leases [Abstract]

Summary of Lease Expense

The following table summarizes the lease expense for the thirteen weeks ended March 30, 2019:

(in thousands)	Thirteen Weeks Ended March 30, 2019
Operating lease expense	$	1,928
Short-term lease expense		1,070
Total lease expense	$	2,998

Summary of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to our operating leases is as follows:

(in thousands)	March 30, 2019
Operating lease right-of-use assets	$	34,819
Other current liabilities	$	4,261
Long-term operating lease liabilities		32,856
Total operating lease liabilities	$	37,117
Weighted average remaining lease term (years)		9.91
Weighted average discount rate		5.18	%

Summary of Maturities of Operating Lease Liabilities

The following table summarizes the maturities of our lease liabilities for all operating leases as of March 30, 2019:

(in thousands)	March 30, 2019
2019 (Remainder of 2019)	$	4,423
2020		5,700
2021		5,290
2022		4,915
2023		3,401
2024 and thereafter		24,980
Total lease payments		48,709
Less: Imputed interest		(11,592	)
Present value of lease liabilities	$	37,117

Summary of Minimum Future Rental Payments under Operating Leases

For the year ended December 29, 2018, minimum rental payments under operating leases are recognized on a straight-line basis over the term of the lease including any periods of free rent. Rent expense for operating leases, including payments for short-term equipment and storage rentals, was $6.9 million in fiscal 2018. Minimum future rental payments required under operating leases in effect as of December 29, 2018 were as follows:

(in thousands)	December 29, 2018
2019	$	5,489
2020		5,416
2021		4,972
2022		4,599
2023		3,013
2024 and thereafter		24,297
Total rental payments	$	47,786