v3.21.2
LEASES (Tables)
9 Months Ended
Sep. 26, 2021
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 26, 2021 September 27, 2020
Operating lease cost $ 10,760  $ 8,525 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases $ 10,440  $ 8,317 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ 12,573  $ 17,091 
Nine Months Ended
(thousands) September 26, 2021 September 27, 2020
Operating lease cost $ 30,697  $ 25,093 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases $ 29,945  $ 24,680 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ 52,564  $ 34,993 
Lease Assets and Liabilities
Balance sheet information related to leases was as follows:
(thousands, except lease term and discount rate) September 26, 2021 December 31, 2020
Assets
Operating lease right-of-use assets $ 142,719  $ 117,816 
Liabilities
Operating lease liabilities, current portion $ 36,955  $ 30,901 
Long-term operating lease liabilities 107,753  88,175 
Total lease liabilities $ 144,708  $ 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  %
Operating Lease Liability Maturity
Maturities of lease liabilities were as follows at September 26, 2021:
(thousands)
2021 (excluding the nine months ended September 26, 2021)
$ 10,617 
2022 41,015 
2023 35,238 
2024 27,629 
2025 18,787 
Thereafter 27,681 
Total lease payments 160,967 
Less imputed interest (16,259)
Total $ 144,708