Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.24.0.1
LEASES (Tables)
12 Months Ended
Dec. 30, 2023
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information
The following table presents lease-related assets and liabilities recorded in the Company's balance sheets:
(In thousands) December 2023 December 2022
Assets
Operating lease assets, noncurrent $ 54,812  $ 51,029 
Total lease assets $ 54,812  $ 51,029 
Liabilities
Operating lease liabilities, current $ 21,003  $ 19,898 
Operating lease liabilities, noncurrent 36,753  31,506 
Total lease liabilities $ 57,756  $ 51,404 
Weighted-average remaining lease term (in years)
Operating leases 4.19 3.99
Weighted-average discount rate
Operating leases 5.67  % 4.39  %
Schedule of Lease Costs
The following table presents certain information related to lease costs for operating leases:
Year Ended December
(In thousands) 2023 2022 2021
Operating lease costs $ 31,543  $ 26,634  $ 30,394 
Short-term lease costs (excluding leases of one month or less) 603  279  272 
Variable lease costs 4,070  3,145  3,505 
Total lease costs $ 36,216  $ 30,058  $ 34,171 
The following table presents supplemental cash flow and non-cash information related to operating leases:
Year Ended December
(In thousands) 2023 2022 2021
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows $ 31,457  $ 29,977  $ 37,474 
Right-of-use operating lease assets obtained in exchange for new operating leases - non-cash activity $ 14,964  $ 17,684  $ 4,323 
Schedule of Maturities of Operating Leases
The following table presents future maturities of operating lease liabilities as of December 2023:
(In thousands) Lease Obligations
2024 $ 23,353 
2025 15,923 
2026 8,372 
2027 6,334 
2028 3,556 
Thereafter 7,010 
Total future minimum lease payments 64,548 
Less: amounts related to imputed interest (6,792)
Present value of future minimum lease payments 57,756 
Less: operating lease liabilities, current (21,003)
Operating lease liabilities, noncurrent $ 36,753