v3.21.2
LEASES
6 Months Ended
Jun. 27, 2021
Leases [Abstract]  
LEASES
12. LEASES
Lease expense, supplemental cash flow information, and other information related to leases were as follows:
Second Quarter Ended
(thousands) June 27, 2021 June 28, 2020
Operating lease cost $ 10,353  $ 8,399 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases $ 10,117  $ 8,279 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ 24,806  $ 5,474 

Six Months Ended
(thousands) June 27, 2021 June 28, 2020
Operating lease cost $ 19,938  $ 16,568 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases $ 19,504  $ 16,362 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ 39,991  $ 17,902 
Balance sheet information related to leases was as follows:
(thousands, except lease term and discount rate) June 27, 2021 December 31, 2020
Assets
Operating lease right-of-use assets $ 139,576  $ 117,816 
Liabilities
Operating lease liabilities, current portion $ 35,951  $ 30,901 
Long-term operating lease liabilities 105,318  88,175 
Total lease liabilities $ 141,269  $ 119,076 
Weighted average remaining lease term, operating leases (in years) 5.1 5.3
Weighted average discount rate, operating leases 3.9  % 4.1  %
Maturities of lease liabilities were as follows at June 27, 2021:
(thousands)
2021 (excluding the six months ended June 27, 2021)
$ 20,559 
2022 38,969 
2023 33,089 
2024 25,151 
2025 16,420 
Thereafter 23,153 
Total lease payments 157,341 
Less imputed interest (16,072)
Total $ 141,269 

As of June 27, 2021, outstanding leases have remaining lease terms ranging from one year to 18 years.