v3.21.1
LEASES
3 Months Ended
Mar. 28, 2021
Leases [Abstract]  
LEASES
12. LEASES
Lease expense, supplemental cash flow information, and other information related to leases were as follows:
First Quarter Ended
(thousands) March 28, 2021 March 29, 2020
Operating lease cost $ 9,585  $ 8,176 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases $ 9,387  $ 8,084 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ 15,185  $ 12,428 
Balance sheet information related to leases was as follows:
(thousands, except lease term and discount rate) March 28, 2021 December 31, 2020
Assets
Operating lease right-of-use assets $ 124,384  $ 117,816 
Liabilities
Operating lease liabilities, current portion $ 32,513  $ 30,901 
Long-term operating lease liabilities 93,327  88,175 
Total lease liabilities $ 125,840  $ 119,076 
Weighted average remaining lease term, operating leases (in years) 5.1 5.3
Weighted average discount rate, operating leases 4.0  % 4.1  %
Maturities of lease liabilities were as follows at March 28, 2021:
(thousands)
2021 (excluding the three months ended March 28, 2021)
$ 27,792 
2022 33,939 
2023 27,840 
2024 20,307 
2025 12,054 
Thereafter 18,862 
Total lease payments 140,794 
Less imputed interest (14,954)
Total $ 125,840 

As of March 28, 2021, outstanding leases have remaining lease terms ranging from one year to 18 years.