Leases Leases (Tables)
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9 Months Ended |
Sep. 28, 2019 |
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| Leases [Abstract] |
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| Lease, Cost |
Supplemental cash flow information related to our operating leases was as follows for the thirty-nine weeks ended September 28, 2019:
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Thirty-nine Weeks Ended
September 28, 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |
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|
Operating cash outflow from operating leases |
|
$ |
13,872 |
|
Operating cash outflow from finance leases |
|
66 |
|
Financing cash outflow from finance leases |
|
484 |
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The components of operating and finance lease cost for the thirteen and thirty-nine weeks ended September 28, 2019 were as follows:
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Thirteen Weeks Ended
September 28, 2019 |
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Thirty-nine Weeks Ended
September 28, 2019 |
Operating lease cost |
|
$ |
5,101 |
|
|
$ |
14,399 |
|
Short term lease costs |
|
668 |
|
|
2,644 |
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Variable lease costs |
|
720 |
|
|
1,795 |
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Finance lease cost: |
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|
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Amortization of right of use assets |
|
190 |
|
|
425 |
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Interest on lease liabilities |
|
35 |
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|
78 |
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The weighted average remaining lease terms and discount rates for all of our operating leases were as follows as of September 28, 2019:
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Operating Leases(1)
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Finance Leases |
Weighted average remaining lease term |
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8.00 |
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|
3.71 |
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Weighted average discount rate |
|
7.80 |
% |
|
6.53 |
% |
(1) Upon adoption of the new lease standard, discount rates used for existing operating leases were established on December 30, 2018.
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| Assets and Liabilities, Lessee |
Supplemental balance sheet information related to the Company's finance leases as of September 28, 2019:
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September 28, 2019 |
Finance lease assets, net, included in property plant and equipment |
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$ |
2,075 |
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Current portion of long-term debt |
|
675 |
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Long-term debt, less current portion |
|
1,601 |
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Total principal payable on finance leases |
|
2,276 |
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| Lessee, Operating Lease, Liability Maturity |
Maturities of our lease liabilities for all operating and finance leases are as follows as of September 28, 2019:
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Operating Leases |
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Finance Leases |
Less than one year |
|
$ |
17,582 |
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|
$ |
799 |
|
1 to 2 years |
|
15,703 |
|
|
699 |
|
2 to 3 years |
|
13,557 |
|
|
478 |
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3 to 4 years |
|
11,442 |
|
|
376 |
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4 to 5 years |
|
10,529 |
|
|
208 |
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After 5 years |
|
44,060 |
|
|
— |
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Total future minimum rental commitments |
|
112,873 |
|
|
2,560 |
|
Less - amounts representing interest |
|
(30,100 |
) |
|
(284 |
) |
Present value of lease liabilities |
|
$ |
82,773 |
|
|
$ |
2,276 |
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| Lessee, Financing Lease, Liability Maturity |
Maturities of our lease liabilities for all operating and finance leases are as follows as of September 28, 2019:
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Operating Leases |
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Finance Leases |
Less than one year |
|
$ |
17,582 |
|
|
$ |
799 |
|
1 to 2 years |
|
15,703 |
|
|
699 |
|
2 to 3 years |
|
13,557 |
|
|
478 |
|
3 to 4 years |
|
11,442 |
|
|
376 |
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4 to 5 years |
|
10,529 |
|
|
208 |
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After 5 years |
|
44,060 |
|
|
— |
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Total future minimum rental commitments |
|
112,873 |
|
|
2,560 |
|
Less - amounts representing interest |
|
(30,100 |
) |
|
(284 |
) |
Present value of lease liabilities |
|
$ |
82,773 |
|
|
$ |
2,276 |
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| Schedule of Future Minimum Rental Payments for Operating Leases |
As of December 29, 2018, minimum lease payments under non-cancellable operating leases by period were expected to be as follows:
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Operating Leases |
Less than one year |
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$ |
17,326 |
|
1 to 2 years |
|
14,736 |
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2 to 3 years |
|
13,305 |
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3 to 4 years |
|
12,012 |
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4 to 5 years |
|
9,541 |
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After 5 years |
|
16,664 |
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Total future minimum rental commitments |
|
83,584 |
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