Leases (Tables)
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6 Months Ended |
Jul. 03, 2021 |
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| Leases [Abstract] |
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| Summary of ROU Assets and Liabilities |
The following is a summary of the Company's ROU assets and liabilities:
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| (In thousands) |
July 3, 2021 |
|
December 31, 2020 |
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| Operating Leases: |
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| Operating Right-of-Use Assets, Gross |
$ |
30,608 |
|
|
$ |
28,678 |
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|
|
| Less Accumulated Right-of-Use Asset Impairment |
1,710 |
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|
1,710 |
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| Less Accumulated Amortization |
9,855 |
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|
8,015 |
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| Operating Right-of-Use Assets, Net |
$ |
19,043 |
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|
$ |
18,953 |
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|
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| Short-term Operating Lease Liabilities |
$ |
7,003 |
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|
$ |
4,998 |
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|
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| Long-term Operating Lease Liabilities |
15,245 |
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|
16,637 |
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| Operating Lease Liabilities |
$ |
22,248 |
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|
$ |
21,635 |
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| Finance Leases: |
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| Finance Right-of-Use Assets, Gross |
$ |
177 |
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|
$ |
3,484 |
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| Less Accumulated Amortization |
60 |
|
|
2,039 |
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| Finance Right-of-Use Assets, Net — Included in Other Assets |
$ |
117 |
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|
$ |
1,445 |
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Short-term Finance Lease Liabilities — Included in Accrued Expenses and Other Current Liabilities |
$ |
94 |
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|
$ |
2,081 |
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Long-term Finance Lease Liabilities — Included in Other Liabilities |
25 |
|
|
734 |
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|
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| Finance Lease Liabilities |
$ |
119 |
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|
$ |
2,815 |
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|
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| Summary of Lease Costs and Cash Paid |
The following is a summary of the Company's total lease costs:
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Six Months Ended |
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Three Months Ended |
| (In thousands) |
July 3, 2021 |
|
June 27, 2020 |
|
July 3, 2021 |
|
June 27, 2020 |
| Finance Lease Cost: |
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|
|
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| Amortization of Right-of-Use Assets |
$ |
527 |
|
|
$ |
510 |
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|
$ |
273 |
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|
$ |
255 |
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| Interest on Lease Liabilities |
68 |
|
|
120 |
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|
33 |
|
|
57 |
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| Total Finance Lease Cost |
595 |
|
|
630 |
|
|
306 |
|
|
312 |
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| Operating Lease Cost |
2,683 |
|
|
2,643 |
|
|
1,324 |
|
|
1,195 |
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| Right-of-Use Asset Impairment |
— |
|
|
691 |
|
|
— |
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|
— |
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| Variable Lease Cost |
745 |
|
|
633 |
|
|
354 |
|
|
361 |
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| Short-term Lease Cost (excluding month-to-month) |
76 |
|
|
114 |
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|
29 |
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|
47 |
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| Less Sublease and Rental (Income) Expense |
(622) |
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|
(737) |
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|
(313) |
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|
(406) |
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| Total Operating Lease Cost |
2,882 |
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|
3,344 |
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|
1,394 |
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|
1,197 |
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| Total Net Lease Cost |
$ |
3,477 |
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|
$ |
3,974 |
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|
$ |
1,700 |
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|
$ |
1,509 |
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| Summary of Maturity of Lease Liabilities, Operating Leases |
The following is a summary of the Company's maturity of lease liabilities:
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| (In thousands) |
|
Operating Leases |
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Finance Leases |
Remainder of 2021 |
|
$ |
3,779 |
|
|
$ |
48 |
|
2022 |
|
7,301 |
|
|
73 |
|
2023 |
|
3,884 |
|
|
— |
|
2024 |
|
2,891 |
|
|
— |
|
2025 |
|
2,812 |
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|
— |
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| Thereafter |
|
3,363 |
|
|
— |
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| Total Lease Payments |
|
24,030 |
|
|
121 |
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| Less: Interest |
|
1,782 |
|
|
2 |
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| Total Lease Liability |
|
$ |
22,248 |
|
|
$ |
119 |
|
|
| Summary of Maturity of Lease Liabilities, Financing Leases |
The following is a summary of the Company's maturity of lease liabilities:
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| (In thousands) |
|
Operating Leases |
|
Finance Leases |
Remainder of 2021 |
|
$ |
3,779 |
|
|
$ |
48 |
|
2022 |
|
7,301 |
|
|
73 |
|
2023 |
|
3,884 |
|
|
— |
|
2024 |
|
2,891 |
|
|
— |
|
2025 |
|
2,812 |
|
|
— |
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| Thereafter |
|
3,363 |
|
|
— |
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| Total Lease Payments |
|
24,030 |
|
|
121 |
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| Less: Interest |
|
1,782 |
|
|
2 |
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| Total Lease Liability |
|
$ |
22,248 |
|
|
$ |
119 |
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