LEASES |
Lease expense, supplemental cash flow information, and other information related to leases were as follows:
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|
|
|
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Third Quarter Ended |
(thousands) |
September 27, 2020 |
|
September 29, 2019 |
Operating lease cost |
$ |
8,525
|
|
|
$ |
7,848 |
|
|
|
|
|
Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
Operating cash flows for operating leases |
$ |
8,317
|
|
|
$ |
6,946 |
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|
|
|
|
Right-of-use assets obtained in exchange for lease obligations: |
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|
|
Operating leases |
$ |
17,091
|
|
|
$ |
5,522 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended |
(thousands) |
September 27, 2020 |
|
September 29, 2019 |
Operating lease cost |
$ |
25,093
|
|
|
$ |
23,536 |
|
|
|
|
|
Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
Operating cash flows for operating leases |
$ |
24,680
|
|
|
$ |
20,545 |
|
|
|
|
|
Right-of-use assets obtained in exchange for lease obligations: |
|
|
|
Operating leases |
$ |
34,993
|
|
|
$ |
14,767 |
|
Balance sheet information related to leases was as follows:
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|
|
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|
|
|
(thousands, except lease term and discount rate) |
September 27, 2020 |
|
December 31, 2019 |
Assets |
|
|
|
Operating lease right-of-use assets |
$ |
105,410
|
|
|
$ |
93,546 |
|
Liabilities |
|
|
|
Operating lease liabilities, current portion |
$ |
29,565
|
|
|
$ |
27,694 |
|
Long-term operating lease liabilities |
76,873
|
|
|
66,467 |
|
Total lease liabilities |
$ |
106,438
|
|
|
$ |
94,161 |
|
|
|
|
|
|
|
|
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|
|
|
|
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Weighted average remaining lease term, operating leases (in years) |
4.2 |
|
4.2 |
Weighted average discount rate, operating leases |
3.9
|
% |
|
3.7 |
% |
Maturities of lease liabilities were as follows at September 27, 2020:
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|
|
|
|
|
(thousands) |
|
2020 (excluding the nine months ended September 27, 2020) |
$ |
8,561
|
|
2021 |
31,924
|
|
2022 |
26,328
|
|
2023 |
20,593
|
|
2024 |
14,552
|
|
Thereafter |
14,283
|
|
Total lease payments |
116,241
|
|
Less imputed interest |
(9,803) |
|
Total |
$ |
106,438
|
|
Leases have remaining lease terms of one year to ten years.
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