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Leases (Tables)
12 Months Ended
Jan. 02, 2021
Leases [Abstract]  
Components of leases
The components of lease expense were as follows (in thousands):
Lease Cost Consolidated
Statements of Income (Loss)
and Comprehensive
Income (Loss) Location
Fiscal Year 2020Fiscal Year 2019
Operating lease cost(1)
SG&A$106,004 $117,932 
Finance lease cost:
     Amortization of ROU assetsSG&A$506 $475 
     Interest on lease liabilitiesInterest expense$33 $38 
Short-term lease costSG&A$610 $1,302 
Variable lease costSG&A$22,048 $36,476 
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(1) Includes sublease income, which was immaterial.
The following table discloses supplemental balance sheet information for the Company’s leases (in thousands):
Leases Consolidated Balance Sheets LocationJanuary 2, 2021December 28, 2019
Assets
OperatingOperating lease right-of-use assets $226,815 $288,166 
Finance
Property, plant and equipment - net of accumulated depreciation of $4,882 and $4,015 at January 2, 2021 and December 28, 2019, respectively
$5,991 $5,918 
Liabilities
Current:
OperatingCurrent operating lease liabilities$64,851 $68,838 
Finance Short-term and current portion of long-term debt$1,088 $1,011 
Noncurrent:
OperatingLong-term operating lease liabilities$230,635 $288,689 
Finance Long-term debt$569 $1,468 
The following table discloses the weighted-average remaining lease term and weighted-average discount rate for the Company's leases:
Lease Term and Discount RateJanuary 2, 2021December 28, 2019
Weighted-average remaining lease term:
Operating leases 5.9 years6.1 years
Finance leases1.2 years2.3 years
Weighted-average discount rate:
Operating leases 14.0 %13.9 %
Finance leases1.2 %1.2 %
Maturity of lease liabilities
Future minimum lease payments by year as of January 2, 2021 were as follows (in thousands):
Fiscal YearOperating Leases Finance Leases
2021$101,507 $1,095 
202285,753 569 
202366,909 — 
202446,656 — 
202533,012 — 
Thereafter122,318 — 
Total lease payments$456,155 $1,664 
Less: Interest160,669 
Total lease obligations$295,486 $1,658 

Future minimum lease payments by year as of December 28, 2019 were as follows (in thousands):
Fiscal Year Operating Leases Finance Leases
2020$116,778 $1,042 
202194,795 978 
202281,536 488 
202364,582 — 
202445,846 — 
Thereafter153,255 — 
Total lease payments$556,792 $2,508 
Less: Interest 199,265 30 
Finance lease obligations$357,527 $2,478 
Maturity of lease liabilities
Future minimum lease payments by year as of January 2, 2021 were as follows (in thousands):
Fiscal YearOperating Leases Finance Leases
2021$101,507 $1,095 
202285,753 569 
202366,909 — 
202446,656 — 
202533,012 — 
Thereafter122,318 — 
Total lease payments$456,155 $1,664 
Less: Interest160,669 
Total lease obligations$295,486 $1,658 

Future minimum lease payments by year as of December 28, 2019 were as follows (in thousands):
Fiscal Year Operating Leases Finance Leases
2020$116,778 $1,042 
202194,795 978 
202281,536 488 
202364,582 — 
202445,846 — 
Thereafter153,255 — 
Total lease payments$556,792 $2,508 
Less: Interest 199,265 30 
Finance lease obligations$357,527 $2,478 
Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows (in thousands):
Fiscal Year 2020Fiscal Year 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$131,499 $116,846 
Operating cash flows from finance leases33 38 
Financing cash flows from finance leases1,051 945 
Leased assets obtained in exchange for new finance lease liabilities49 83 
Leased assets obtained in exchange for new operating lease liabilities26,474 41,510