Leases (Tables)
|
12 Months Ended |
Jan. 03, 2026 |
| Leases |
|
| Schedule of operating leases and finance leases on the balance sheets |
Operating leases and a finance lease are included in the accompanying consolidated balance sheets in the following line items (in thousands): | | | | | | | January 3, | | December 28, | | 2026 | | 2024 | Right-of-use assets: | | | | | | Operating lease right-of-use assets | $ | 50,983 | | $ | 55,431 | Finance lease right-of-use assets | | — | | | 773 | Total lease right-of-use assets | $ | 50,983 | | $ | 56,204 | | | | | | | Operating lease liabilities: | | | | | | Current portion of operating lease liabilities | $ | 16,697 | | $ | 17,963 | Long-term operating lease liabilities, net of current portion | | 34,636 | | | 37,697 | Total operating lease liabilities | $ | 51,333 | | $ | 55,660 | | | | | | | Finance lease liabilities: | | | | | | Current portion of finance lease liabilities | $ | — | | $ | 726 | Long-term finance lease liabilities, net of current portion | | — | | | — | Total finance lease liabilities | $ | — | | $ | 726 |
|
| Schedule of supplemental information related to leases |
The following table shows supplemental information related to leases (in thousands): | | | | | | | | | | Fiscal 2025 | | Fiscal 2024 | | Fiscal 2023 | Operating cash flow information: | | | | | | | | | Cash paid for amounts included in the measurement of operating lease liabilities | $ | 20,023 | | $ | 19,795 | | $ | 18,678 | Cash paid for amounts included in the measurement of finance lease liabilities | $ | 732 | | $ | 1,099 | | $ | 1,099 | | | | | | | | | | The components of operating lease costs were as follows: | | | | | | | | | Cost of goods sold | $ | 13,200 | | $ | 12,548 | | $ | 11,852 | Selling, general and administrative expenses | | 6,952 | | | 6,839 | | | 6,909 | Total operating lease costs | $ | 20,152 | | $ | 19,387 | | $ | 18,761 | | | | | | | | | | The components of finance lease costs were as follows: | | | | | | | | | Depreciation of finance right-of-use assets | $ | 773 | | $ | 1,058 | | $ | 1,058 | Interest on finance lease liabilities | | 6 | | | 30 | | | 54 | Total finance lease costs | $ | 779 | | $ | 1,088 | | $ | 1,112 | | | | | | | | | | Total net lease costs | $ | 20,931 | | $ | 20,475 | | $ | 19,873 |
|
| Schedule of weighted average remaining lease term and weighted average discount rate |
| | | | | | | January 3, | | December 28, | | 2026 | | 2024 | Weighted average remaining lease term (years) | | | | | | Operating leases | | 4.5 | | | 4.3 | Finance lease | | — | | | 0.7 | Weighted average discount rate | | | | | | Operating leases | | 4.35% | | | 3.77% | Finance lease | | — | | | 2.30% |
|
| Future minimum lease payments under operating leases |
As of January 3, 2026, the maturities of lease liabilities were as follows (in thousands): | | | | | | | | | | Operating Leases | | Finance Lease | | Total Maturities of Lease Liabilities | Fiscal year: | | | | | | | | | 2026 | $ | 18,514 | | $ | — | | $ | 18,514 | 2027 | | 14,684 | | | — | | | 14,684 | 2028 | | 9,229 | | | — | | | 9,229 | 2029 | | 4,341 | | | — | | | 4,341 | 2030 | | 2,182 | | | — | | | 2,182 | Thereafter | | 7,897 | | | — | | | 7,897 | Total undiscounted future minimum lease payments | | 56,847 | | | — | | | 56,847 | Less: Imputed interest | | (5,514) | | | — | | | (5,514) | Total present value of future lease liabilities | $ | 51,333 | | $ | — | | $ | 51,333 |
|
| Future minimum lease payments under finance leases |
As of January 3, 2026, the maturities of lease liabilities were as follows (in thousands): | | | | | | | | | | Operating Leases | | Finance Lease | | Total Maturities of Lease Liabilities | Fiscal year: | | | | | | | | | 2026 | $ | 18,514 | | $ | — | | $ | 18,514 | 2027 | | 14,684 | | | — | | | 14,684 | 2028 | | 9,229 | | | — | | | 9,229 | 2029 | | 4,341 | | | — | | | 4,341 | 2030 | | 2,182 | | | — | | | 2,182 | Thereafter | | 7,897 | | | — | | | 7,897 | Total undiscounted future minimum lease payments | | 56,847 | | | — | | | 56,847 | Less: Imputed interest | | (5,514) | | | — | | | (5,514) | Total present value of future lease liabilities | $ | 51,333 | | $ | — | | $ | 51,333 |
|