v3.20.2
LEASES (Tables)
9 Months Ended
Sep. 27, 2020
Leases [Abstract]  
Lease expense, supplemental cash flow and other lease information
Lease expense, supplemental cash flow information, and other information related to leases were as follows:
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 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ 17,091  $ 5,522 
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 
Lease assets and liabilities
Balance sheet information related to leases was as follows:
(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 
Weighted average remaining lease term, operating leases (in years) 4.2 4.2
Weighted average discount rate, operating leases 3.9  % 3.7  %
Operating lease liability maturity
Maturities of lease liabilities were as follows at September 27, 2020:
(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