Leases (Tables)
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6 Months Ended |
Jun. 27, 2020 |
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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) |
June 27, 2020 |
|
December 31, 2019 |
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| Operating Leases: |
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| Operating Right-of-Use Assets, Gross |
$ |
29,784 |
|
|
$ |
28,788 |
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|
|
| Less Accumulated Right-of-Use Asset Impairment |
1,710 |
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|
1,019 |
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|
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| Less Accumulated Amortization |
6,292 |
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|
4,167 |
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| Operating Right-of-Use Assets, Net |
$ |
21,782 |
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|
$ |
23,602 |
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|
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| Short-term Operating Lease Liabilities |
$ |
4,818 |
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|
$ |
4,517 |
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|
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| Long-term Operating Lease Liabilities |
19,749 |
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|
21,039 |
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| Operating Lease Liabilities |
$ |
24,567 |
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|
$ |
25,556 |
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| Finance Leases: |
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| Finance Right-of-Use Assets, Gross |
$ |
3,484 |
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|
$ |
3,484 |
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| Less Accumulated Amortization |
1,529 |
|
|
1,020 |
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| Finance Right-of-Use Assets, Net — Included in Other Assets |
$ |
1,955 |
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|
$ |
2,464 |
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Short-term Finance Lease Liabilities — Included in Accrued Expenses and Other Current Liabilities |
$ |
2,001 |
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|
$ |
1,922 |
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Long-term Finance Lease Liabilities — Included in Other Liabilities |
1,798 |
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|
2,815 |
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| Finance Lease Liabilities |
$ |
3,799 |
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|
$ |
4,737 |
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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 |
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|
| (In thousands) |
June 27, 2020 |
|
June 29, 2019 |
|
June 27, 2020 |
|
June 29, 2019 |
| Finance Lease Cost: |
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| Amortization of Right-of-Use Assets |
$ |
510 |
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|
$ |
510 |
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|
$ |
255 |
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|
$ |
255 |
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| Interest on Lease Liabilities |
120 |
|
|
167 |
|
|
57 |
|
81 |
| Total Finance Lease Cost |
630 |
|
|
677 |
|
|
312 |
|
|
336 |
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| Operating Lease Cost |
2,643 |
|
|
2,406 |
|
|
1,195 |
|
1,201 |
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| Right-of-Use Asset Impairment |
691 |
|
|
— |
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|
— |
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|
— |
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| Variable Lease Cost |
633 |
|
|
679 |
|
|
361 |
|
309 |
| Short-term Lease Cost (excluding month-to-month) |
114 |
|
|
85 |
|
|
47 |
|
38 |
| Less Sublease and Rental (Income) Expense |
(737) |
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|
(517) |
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|
(406) |
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|
(305) |
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| Total Operating Lease Cost |
3,344 |
|
|
2,653 |
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|
1,197 |
|
|
1,243 |
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| Total Net Lease Cost |
$ |
3,974 |
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|
$ |
3,330 |
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|
$ |
1,509 |
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|
$ |
1,579 |
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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 |
| 2020 |
|
$ |
2,690 |
|
|
$ |
1,073 |
|
| 2021 |
|
5,579 |
|
|
2,181 |
|
| 2022 |
|
5,427 |
|
|
743 |
|
| 2023 |
|
4,060 |
|
|
— |
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| 2024 |
|
2,995 |
|
|
— |
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| Thereafter |
|
6,293 |
|
|
— |
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| Total Lease Payments |
|
27,044 |
|
|
3,997 |
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| Less: Interest |
|
2,477 |
|
|
198 |
|
| Total Lease Liability |
|
$ |
24,567 |
|
|
$ |
3,799 |
|
|
| 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 |
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Finance Leases |
| 2020 |
|
$ |
2,690 |
|
|
$ |
1,073 |
|
| 2021 |
|
5,579 |
|
|
2,181 |
|
| 2022 |
|
5,427 |
|
|
743 |
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| 2023 |
|
4,060 |
|
|
— |
|
| 2024 |
|
2,995 |
|
|
— |
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| Thereafter |
|
6,293 |
|
|
— |
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| Total Lease Payments |
|
27,044 |
|
|
3,997 |
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| Less: Interest |
|
2,477 |
|
|
198 |
|
| Total Lease Liability |
|
$ |
24,567 |
|
|
$ |
3,799 |
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