Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.20.4
LEASES (Tables)
 12 Months Ended
Jan. 02, 2021
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 2020 December 2019
Assets
Operating lease assets, noncurrent $ 60,443  $ 86,582 
Total lease assets $ 60,443  $ 86,582 
Liabilities
Operating lease liabilities, current $ 27,329  $ 35,389 
Operating lease liabilities, noncurrent 39,806  54,746 
Total lease liabilities $ 67,135  $ 90,135 
Weighted-average remaining lease term (in years)
Operating leases 3.89 3.85
Weighted-average discount rate
Operating leases 4.08  % 3.15  %
Schedule of Lease Costs
The following table presents certain information related to lease costs for operating leases:
(In thousands) Year Ended December 2020 Year Ended December 2019
Operating lease costs $ 40,906  $ 37,743 
Short-term lease costs (excluding leases of one month or less) 1,114  3,043 
Variable lease costs 3,960  5,300 
Total lease costs $ 45,980  $ 46,086 
The following table presents supplemental cash flow and non-cash information related to operating leases:
(In thousands) Year Ended December 2020 Year Ended December 2019
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows $ 45,225  $ 46,239 
Right-of-use operating lease assets obtained in exchange for new operating leases - non-cash activity $ 2,591  $ 39,874 
Schedule of Maturities of Operating Leases
The following table presents future maturities of operating lease liabilities as of December 2020:
(In thousands) Lease Obligations
2021 $ 29,402 
2022 15,490 
2023 11,578 
2024 7,476 
2025 2,899 
Thereafter 5,881 
Total future minimum lease payments 72,726 
Less: amounts related to imputed interest (5,591)
Present value of future minimum lease payments 67,135 
Less: operating lease liabilities, current 27,329 
Operating lease liabilities, noncurrent $ 39,806