Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.25.0.1
Leases (Tables)
 12 Months Ended
Dec. 28, 2024
Leases [Abstract]  
Schedule of Balance Sheet Information
The components of ROU assets and lease liabilities were as follows:
(dollar amounts in millions) Balance Sheet Classification December 28, 2024 December 30, 2023
Assets:
Operating lease assets Right-of-use assets, net $ 56.3  $ 47.6 
Finance lease assets Right-of-use assets, net 3.4  3.3 
Total leased assets $ 59.7  $ 50.9 
Liabilities:
Current:
Operating Accrued expenses and other current liabilities $ 5.4  $ 5.4 
Finance Current maturities of long-term debt 1.3  1.0 
Noncurrent:
Operating
Other long-term liabilities
 $ 56.2  $ 46.9 
Finance Long-term debt 2.1  2.4 
Total lease liabilities $ 65.0  $ 55.7 
Schedule of Lease Costs
The components of lease expense were as follows:
(dollar amounts in millions) December 28, 2024 December 30, 2023 December 31, 2022
Operating lease cost $ 10.1  $ 8.9  $ 8.3 
Variable lease cost 0.9  0.7  0.4 
Short-term lease cost 1.7  0.9  0.1 
Finance lease cost:
Amortization of right-of-use assets 1.4  0.8  0.2 
Interest on lease liabilities 0.3  0.2  — 
Total lease cost $ 14.4  $ 11.5  $ 9.0 
Other information related to leases was as follows:
December 28, 2024 December 30, 2023
Weighted Average Remaining Lease Term (in years)
Operating Leases 12.6 8.9
Finance Leases 2.9 3.4
Weighted Average Discount Rate
Operating Leases 7.4% 7.6%
Finance Leases 7.9% 8.4%
Schedule of Operating Lease Maturity
As of December 28, 2024, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year were as follows:
(dollar amounts in millions)
2025 $ 9.7 
2026 9.7 
2027 8.8 
2028 8.6 
2029 7.5 
Thereafter 53.8 
Total future lease payments $ 98.1 
Less: imputed interest $ (36.5)
Present value of future lease payments $ 61.6 
Schedule of Finance Lease Maturity
As of December 28, 2024, future minimum repayments of finance leases were as follows:
(dollar amounts in millions)
2025 $ 1.5 
2026 1.0 
2027 0.8 
2028 0.3 
2029 0.2 
Total future lease payments $ 3.8 
Less: imputed interest $ (0.4)
Present value of future lease payments $ 3.4