Quarterly report pursuant to Section 13 or 15(d)

Leases Leases (Tables)

v3.20.2
Leases Leases (Tables)
 6 Months Ended
Jun. 27, 2020
Leases [Abstract]  
Lease, Cost
The components of operating and finance lease cost for the thirteen and twenty-six weeks ended June 27, 2020 and thirteen weeks ended June 29, 2019 were as follows:
Thirteen Weeks Ended
June 27, 2020		 Twenty-six Weeks Ended
June 27, 2020		 Thirteen Weeks Ended
June 29, 2019		 Twenty-six Weeks Ended
June 29, 2019
Operating lease cost $ 4,547    $ 9,294    $ 4,575    $ 9,298   
Short term lease costs 528    1,049    742    1,975   
Variable lease costs 491    671    352    540   
Finance lease cost:
Amortization of right of use assets 200    402    143    235   
Interest on lease liabilities 36    72    28    43   
The weighted average remaining lease terms and discount rates for all of our operating & finance leases were as follows as of June 27, 2020 and December 28, 2019:
June 27, 2020 December 28, 2019
Operating Leases Finance Leases Operating Leases Finance Leases
Weighted average remaining lease term 7.58 3.00 7.88 3.46
Weighted average discount rate 8.20  % 6.62  % 7.81  % 6.49  %
Supplemental cash flow information related to the Company's operating leases was as follows for the twenty-six weeks ended June 27, 2020 and twenty-six weeks ended June 29, 2019:

Twenty-six Weeks Ended
June 27, 2020		 Twenty-six Weeks Ended
June 29, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflow from operating leases $ 8,956    $ 9,129   
Operating cash outflow from finance leases 72    31   
Financing cash outflow from finance leases 411    283   
Assets and Liabilities, Lessee
Supplemental balance sheet information related to the Company's finance leases was as follows as of June 27, 2020 and December 28, 2019:
June 27, 2020 December 28, 2019
Finance lease assets, net, included in property plant and equipment $ 1,967    $ 2,101   
Current portion of long-term debt 791    749   
Long-term debt, less current portion 1,321    1,526   
Total principal payable on finance leases 2,112    2,275   
Lessee, Operating Lease, Liability Maturity
Maturities of our lease liabilities for all operating and finance leases are as follows as of June 27, 2020:
Operating Leases Finance Leases
Less than one year $ 18,162    $ 911   
1 to 2 years 16,043    703   
2 to 3 years 14,138    430   
3 to 4 years 12,807    293   
4 to 5 years 12,393    5   
After 5 years 40,745    —   
Total future minimum rental commitments 114,288    2,342   
Less - amounts representing interest (29,829)   (230)  
Present value of lease liabilities $ 84,459    $ 2,112   
Lessee, Financing Lease, Liability Maturity
Maturities of our lease liabilities for all operating and finance leases are as follows as of June 27, 2020:
Operating Leases Finance Leases
Less than one year $ 18,162    $ 911   
1 to 2 years 16,043    703   
2 to 3 years 14,138    430   
3 to 4 years 12,807    293   
4 to 5 years 12,393    5   
After 5 years 40,745    —   
Total future minimum rental commitments 114,288    2,342   
Less - amounts representing interest (29,829)   (230)  
Present value of lease liabilities $ 84,459    $ 2,112   
Schedule of Future Minimum Rental Payments for Operating Leases
As of December 28, 2019, maturities of our lease liabilities for all operating and finance leases were expected to be as follows:
Operating Leases Finance Leases
Less than one year $ 17,525    $ 873   
1 to 2 years 15,956    712   
2 to 3 years 13,925    456   
3 to 4 years 12,045    383   
4 to 5 years 11,716    127   
After 5 years 43,591    —   
Total future minimum rental commitments 114,758    2,551   
Less - amounts representing interest (30,072)   (276)  
Present value of lease liabilities 84,686    2,275