LEASES The following is a summary of the Company’s lease cost. | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended | | Year-To-Date Ended | (In millions) | June 28, 2025 | | June 29, 2024 | | June 28, 2025 | | June 29, 2024 | Operating lease cost | $ | 7.5 | | | $ | 8.0 | | | $ | 14.9 | | | $ | 16.9 | | Variable lease cost | 3.6 | | | 3.0 | | | 6.6 | | | 5.9 | | Short-term lease cost | 0.3 | | | 0.6 | | | 0.7 | | | 1.1 | | Sublease income | (2.6) | | | (1.5) | | | (4.7) | | | (2.8) | | Total lease cost | $ | 8.8 | | | $ | 10.1 | | | $ | 17.5 | | | $ | 21.1 | |
The following is a summary of the Company’s supplemental cash flow information related to leases. | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended | | Year-To-Date Ended | (In millions) | June 28, 2025 | | June 29, 2024 | | June 28, 2025 | | June 29, 2024 | Cash paid for operating lease liabilities | $ | 10.7 | | | $ | 13.3 | | | $ | 19.8 | | | $ | 26.3 | | Operating lease assets obtained in exchange for lease liabilities | 7.0 | | | 0.3 | | | 11.0 | | | 4.9 | |
The Company did not enter into any real estate leases with commencement dates subsequent to June 28, 2025.
|