Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
 9 Months Ended
Oct. 01, 2022
Leases [Abstract]  
Balance Sheet Information
The components of ROU assets and lease liabilities were as follows:
(in thousands) Balance Sheet Classification October 1, 2022
Assets:
Operating lease assets Right-of-use assets, net $ 44,283 
Finance lease assets Right-of-use assets, net 1,246 
Total leased assets $ 45,529 
Liabilities:
Current:
Operating Other accrued expenses $ 5,293 
Financing Current maturities of long-term debt 312 
Noncurrent:
Operating Other long-term liabilities $ 41,688 
Financing Long-term debt 948 
Total lease liabilities $ 48,241 
Lease Costs The components of lease expense were as follows:
Three Months Ended Nine Months Ended
(in thousands) October 1, 2022 October 1, 2022
Operating lease cost $ 2,078  $ 6,083 
Short-term lease cost —  60 
Finance lease cost:
Amortization of right-of-use assets $ 62  $ 128 
Interest on lease liabilities 7  27 
Total lease cost $ 2,147  $ 6,298 
Other information related to leases was as follows:
October 1, 2022
Weighted Average Remaining Lease Term
Operating Leases 9.79
Finance Leases 3.61
Weighted Average Discount Rate
Operating Leases 7.0%
Finance Leases 6.8%
Schedule of Operating Lease Maturity
As of October 1, 2022, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year were as follows:
(in thousands)
2022 $ 1,915 
2023 8,278 
2024 7,481 
2025 6,470 
2026 5,938 
Thereafter 36,944 
Total future lease payments $ 67,026 
Less imputed interest $ (20,045)
Present value of future lease payments $ 46,981 
Schedule of Finance Lease Maturity
As of October 1, 2022, future minimum repayments of finance leases were as follows:
(in thousands)
2022 $ 96 
2023 385 
2024 385 
2025 385 
2026 161 
Thereafter 10 
Total future lease payments $ 1,422 
Less imputed interest $ (162)
Present value of future lease payments $ 1,260