LEASES (Tables)

3 Months Ended

Mar. 27, 2022

Lease expense, supplemental cash flow information, and other information related to leases were as follows:


	First Quarter Ended
(thousands)	March 27, 2022		March 28, 2021
Operating lease cost	$	12,164	$	9,585

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	11,927	$	9,387

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	23,725	$	15,185

Balance sheet information related to leases was as follows:


(thousands, except lease term and discount rate)	March 27, 2022		December 31, 2021
Assets
Operating lease right-of-use assets	$	170,875	$	158,183
Liabilities
Operating lease liabilities, current portion	$	42,841	$	40,301
Long-term operating lease liabilities	130,550		120,161
Total lease liabilities	$	173,391	$	160,462


Weighted average remaining lease term, operating leases (in years)	5.1
Weighted average discount rate, operating leases	3.8	%

Maturities of lease liabilities were as follows at March 27, 2022:


(thousands)
2022 (excluding the three months ended March 27, 2022)	$	36,617
2023	44,562
2024	36,461
2025	26,795
2026	17,545
Thereafter	31,411
Total lease payments	193,391
Less imputed interest	(20,000)
Total	$	173,391