v3.26.1
Lease Receivable (Tables)
3 Months Ended
Apr. 04, 2026
Leases [Abstract]  
Schedule of Lease Receivable From Sales-Type Leases
Lease receivable from sales-type leases consists of the following:
(in millions)April 4,
2026
January 3,
2026
Lease receivable$66.2 $66.1 
Allowance for credit loss(0.2)(0.2)
     Lease receivable, net66.0 65.9 
Less: current portion of lease receivable(22.7)(22.8)
     Lease receivable, non-current$43.3 $43.1 
Schedule of Estimated Future Maturities of Customer Sales-Type Lease Receivables and Operating Lease Payments
As of April 4, 2026, estimated future maturities of customer sales-type lease receivables and operating lease payments for each of the following fiscal years are as follows:
Future Lease Receivables/Payments
(in millions)
Fiscal yearSales-Type LeasesOperating Leases
2026 (balance of year)$17.8 $17.5 
202719.0 21.8 
202813.0 17.5 
20298.7 13.8 
20304.9 8.4 
Thereafter2.6 12.4 
     Total$66.0 $91.4 
Less: imputed interest(1)
— 
     Present value of total lease payments$66.0 
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(1)     The calculation of the rates implicit in the leases resulted in negative discount rates. Therefore, the Company as a lessor used a 0% discount rate to measure the net investment in the lease.