LEASES (Tables)

3 Months Ended

Apr. 03, 2021

Leases [Abstract]

Schedules of Lease Costs

Weighted average information about the Company’s lease portfolio as of April 3, 2021 was as follows:

Weighted-average remaining lease term	5.5 years
Weighted-average IBR	6.01	%

Operating lease costs were as follows (in thousands):

	Three Months Ended
	April 3, 2021		April 4, 2020
Operating lease costs
Fixed lease costs	$	25,967	$	27,930
Variable lease costs(1)	24,726		19,588
(1) Includes short-term lease costs, which are immaterial.

Cash and Non-cash Activities of Leases

Cash and non-cash activities were as follows (in thousands):

	Three Months Ended
	April 3, 2021		April 4, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	27,019	$	30,274
Right-of-use assets obtained in exchange for new operating lease liabilities	$	5,704	$	4,261

Schedule of Future Minimum Lease Payments

Future minimum lease payments under non-cancelable leases as of April 3, 2021 are as follows (in thousands):

	Operating Leases
2021 (excluding the three months ended April 3, 2021)	$	59,841
2022	72,420
2023	46,441
2024	35,189
2025	28,257
Thereafter	69,702
Total future minimum lease payments	311,850
Less: interest	48,136
Present value of future minimum lease payments	$	263,714
As of April 3, 2021
Current portion of lease liabilities	$	69,042
Long-term portion of lease liabilities	194,672
Total	$	263,714