Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.2
Leases (Tables)
6 Months Ended
Jul. 01, 2023
Leases [Abstract]  
Lease, Cost
The components of operating and finance lease costs for the thirteen and twenty-six weeks ended July 1, 2023 and thirteen and twenty-six weeks ended June 25, 2022 were as follows:
Thirteen Weeks Ended
July 1, 2023
Thirteen Weeks Ended
June 25, 2022
Twenty-six Weeks Ended
July 1, 2023
Twenty-six Weeks Ended
June 25, 2022
Operating lease costs $ 5,596  $ 4,953  $ 11,043  $ 9,948 
Short term lease costs 1,743  2,135  3,092  3,987 
Variable lease costs 641  551  976  877 
Finance lease costs:
Amortization of right of use assets 588  332  1,094  597 
Interest on lease liabilities 60  27  96  53 
July 1, 2023 and December 31, 2022:
July 1, 2023 December 31, 2022
Operating Leases Finance Leases Operating Leases Finance Leases
Weighted average remaining lease term 6.76 2.72 6.13 2.65
Weighted average discount rate 7.21  % 4.42  % 7.22  % 2.99  %
Supplemental cash flow information related to the Company's operating leases was as follows for the twenty-six weeks ended July 1, 2023 and twenty-six weeks ended June 25, 2022:
Twenty-six Weeks Ended
July 1, 2023
Twenty-six Weeks Ended
June 25, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflow from operating leases $ 10,038  $ 9,637 
Operating cash outflow from finance leases 87  53 
Financing cash outflow from finance leases 1,039  556 
Assets and Liabilities, Lessee
Supplemental balance sheet information related to the Company's finance leases was as follows as of July 1, 2023 and December 31, 2022:
July 1, 2023 December 31, 2022
Finance lease assets, net, included in property plant and equipment $ 5,635  $ 4,540 
Current portion of long-term debt 2,330  1,862 
Long-term debt, less current portion 3,405  2,767 
Total principal payable on finance leases $ 5,735  $ 4,629 
Lessee, Operating Lease, Liability Maturity Maturities of our lease liabilities for all operating and finance leases are as follows as of July 1, 2023:
Operating Leases Finance Leases
Less than one year $ 19,611  $ 2,539 
1 to 2 years 19,228  1,995 
2 to 3 years 18,292  1,212 
3 to 4 years 17,341  253 
4 to 5 years 15,571  97 
After 5 years 32,558  11 
Total future minimum rental commitments 122,601  6,107 
Less - amounts representing interest (25,184) (372)
Present value of lease liabilities $ 97,417  $ 5,735 
Lessee, Financing Lease, Liability Maturity Maturities of our lease liabilities for all operating and finance leases are as follows as of July 1, 2023:
Operating Leases Finance Leases
Less than one year $ 19,611  $ 2,539 
1 to 2 years 19,228  1,995 
2 to 3 years 18,292  1,212 
3 to 4 years 17,341  253 
4 to 5 years 15,571  97 
After 5 years 32,558  11 
Total future minimum rental commitments 122,601  6,107 
Less - amounts representing interest (25,184) (372)
Present value of lease liabilities $ 97,417  $ 5,735