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Lease Commitments (Tables)

12 Months Ended

Jan. 01, 2022

The following table presents the classification of ROU assets and lease liabilities as of January 1, 2022 and December 26, 2020:


Leases (in thousands)	Consolidated Balance Sheet Classification	January 1, 2022		December 26, 2020
Assets
Operating ROU assets	Right of use assets, net	$	29,616	$	17,615
Liabilities
Current operating lease liabilities	Accrued liabilities	$	9,018	$	6,811
Non-current operating lease liabilities	Non-current operating lease liabilities	22,305		12,950
Total lease liabilities		$	31,323	$	19,761

The following table represents the lease costs for 2021 and 2020:


Leases (in thousands)	Consolidated Statements of Net Income Classification	Fiscal Year Ended January 1, 2022		Fiscal Year Ended December 26, 2020
Short-term lease expenses	Cost of sales, SG&A expenses	$	345	$	512
Variable lease expenses	Cost of sales, SG&A expenses	1,165		1,307
Operating lease rent expenses	Cost of sales, SG&A expenses	9,929		8,591
Total operating lease costs	Cost of sales, SG&A expenses	$	11,439	$	10,410


Operating Lease Term and Discount Rate	Fiscal Year Ended January 1, 2022		Fiscal Year Ended December 26, 2020
Weighted-average remaining lease term (years)	4.79		3.41
Weighted-average discount rate	4.27	%	5.06	%


Cash Flow Information related to Leases (in thousands)	Fiscal Year Ended January 1, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flow payments for operating leases	$	(10,150)
Leased assets obtained in exchange for operating lease liabilities	20,217
Other Information (in thousands)
Net gain from sale and leaseback transaction	(4,058)


Maturity of Lease Liabilities as of January 1, 2022 (in thousands)	Operating leases
2022	$	10,080
2023	7,840
2024	7,323
2025	3,135
2026	1,322
2027 and thereafter	4,607
Total lease payments	$	34,307

Present value of lease liabilities	$	31,323