v3.26.3
Operating Leases
9 Months Ended
Oct. 03, 2026
Leases [Abstract]  
OPERATING LEASES

6. OPERATING LEASES

The Company leases machinery, equipment, vehicles, buildings and office space, throughout its locations, which are classified as operating leases. Remaining terms on these leases range from less than one year to nine years. For the nine months ended October 3, 2026, and September 27, 2025, operating lease costs totaled $6.1 and $6.2, respectively.

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

 

 

October 3, 2026

 

 

January 3, 2026

 

Right-of-use assets

 

$

15.9

 

 

$

17.6

 

Lease liabilities:

 

 

 

 

 

 

Current lease liabilities

 

$

3.6

 

 

$

3.8

 

Non-current lease liabilities

 

 

13.9

 

 

 

15.3

 

Total lease liabilities

 

$

17.5

 

 

$

19.1

 

 

 

 

 

 

 

 

Weighted average remaining lease term (in years):

 

 

5.1

 

 

 

 

Weighted average discount rate:

 

 

4.2

%

 

 

 

Right-of-use assets are included in Other assets, current lease liabilities are included in Other accrued expenses and current liabilities, and non-current lease liabilities are included in Other noncurrent liabilities on the Company's Condensed Consolidated Balance Sheets.

Supplemental cash flow information related to leases is as follows:

 

 

 

Nine Months Ended

 

 

 

October 3, 2026

 

 

September 27, 2025

 

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

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

6.1

 

 

$

7.9

 

Non-cash impact of new leases and lease modifications

 

$

2.8

 

 

$

2.1

 

Maturities of lease liabilities as of October 3, 2026, are as follows:

2026 Remaining

 

 

 

$

1.6

 

2027

 

 

 

 

3.9

 

2028

 

 

 

 

3.5

 

2029

 

 

 

 

3.5

 

2030

 

 

 

 

3.4

 

2031

 

 

 

 

2.9

 

Thereafter

 

 

 

 

1.9

 

Total lease payments

 

 

 

 

20.7

 

Less: Imputed interest

 

 

 

 

(3.2

)

Total lease obligations

 

 

 

 

17.5

 

Less: Current lease liabilities

 

 

 

 

(3.6

)

Non-current lease liabilities

 

 

 

$

13.9