v3.25.2
Leases (Tables)
6 Months Ended
Jul. 04, 2025
Leases [Abstract]  
Lease, Cost

The components of lease expense included in other operating expenses on the condensed consolidated statements of income were as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

July 4,
2025

 

 

June 28,
2024

 

 

July 4,
2025

 

 

June 28,
2024

 

Operating lease cost

 

$

2,896

 

 

$

2,392

 

 

$

6,108

 

 

$

4,507

 

Variable lease cost

 

 

414

 

 

 

385

 

 

 

717

 

 

 

748

 

Short-term lease cost

 

 

381

 

 

 

343

 

 

 

737

 

 

 

650

 

 

Supplemental Cash Flow Information Related to Operating Lease

Supplemental cash flow information related to operating leases was as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

July 4, 2025

 

 

June 28, 2024

 

 

July 4, 2025

 

 

June 28, 2024

 

Cash paid for amounts included in the
   measurement of operating lease
   liabilities

 

$

1,678

 

 

$

1,804

 

 

$

4,280

 

 

$

4,348

 

 

Supplemental Balance Sheet Information Related to Operating Lease

Supplemental balance sheet information related to operating leases was as follows:

 

 

 

July 4,
2025

 

June 28, 2024

Weighted Average Remaining Lease Term

 

13.5 years

 

14.5 years

Weighted Average Discount Rate

 

6.3%

 

6.4%

 

Maturities of Lease Liabilities

Maturities of operating lease liabilities as of July 4, 2025:

 

 

 

Operating

 

(In thousands)

 

Leases

 

2025 (excluding the six months ended July 4, 2025)

 

$

3,665.00

 

2026

 

 

8,149

 

2027

 

 

6,817

 

2028

 

 

9,849

 

2029

 

 

9,467

 

Thereafter

 

 

89,052

 

Total lease payments

 

 

126,999

 

Less imputed interest

 

 

(46,676

)

Total lease liability

 

$

80,323