Leases (Tables)
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3 Months Ended |
Apr. 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) |
April 3, 2021 |
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December 31, 2020 |
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| Operating Leases: |
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| Operating Right-of-Use Assets, Gross |
$ |
28,458 |
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|
$ |
28,678 |
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|
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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 |
8,998 |
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|
8,015 |
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| Operating Right-of-Use Assets, Net |
$ |
17,750 |
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|
$ |
18,953 |
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| Short-term Operating Lease Liabilities |
$ |
4,856 |
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$ |
4,998 |
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| Long-term Operating Lease Liabilities |
15,415 |
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|
16,637 |
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| Operating Lease Liabilities |
$ |
20,271 |
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|
$ |
21,635 |
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| Finance Leases: |
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| Finance Right-of-Use Assets, Gross |
$ |
3,585 |
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$ |
3,484 |
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| Less Accumulated Amortization |
2,282 |
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|
2,039 |
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| Finance Right-of-Use Assets, Net — Included in Other Assets |
$ |
1,303 |
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|
$ |
1,445 |
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Short-term Finance Lease Liabilities — Included in Accrued Expenses and Other Current Liabilities |
$ |
2,196 |
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|
$ |
2,081 |
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Long-term Finance Lease Liabilities — Included in Other Liabilities |
232 |
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|
734 |
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| Finance Lease Liabilities |
$ |
2,428 |
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|
$ |
2,815 |
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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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Three Months Ended |
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| (In thousands) |
April 3, 2021 |
|
March 28, 2020 |
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| Finance Lease Cost: |
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| Amortization of Right-of-Use Assets |
$ |
254 |
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$ |
255 |
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| Interest on Lease Liabilities |
35 |
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|
63 |
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| Total Finance Lease Cost |
289 |
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|
318 |
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| Operating Lease Cost |
1,359 |
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|
1,448 |
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| Right-of-Use Asset Impairment |
— |
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|
691 |
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| Variable Lease Cost |
391 |
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|
272 |
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| Short-term Lease Cost (excluding month-to-month) |
47 |
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|
67 |
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| Less Sublease and Rental (Income) Expense |
(309) |
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|
(331) |
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| Total Operating Lease Cost |
1,488 |
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|
2,147 |
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| Total Net Lease Cost |
$ |
1,777 |
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$ |
2,465 |
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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) |
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Operating Leases |
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Finance Leases |
Remainder of 2021 |
|
$ |
4,120 |
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|
$ |
1,701 |
|
2022 |
|
5,171 |
|
|
800 |
|
2023 |
|
3,800 |
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|
— |
|
2024 |
|
2,858 |
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|
— |
|
2025 |
|
2,809 |
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|
— |
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| Thereafter |
|
3,361 |
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|
— |
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| Total Lease Payments |
|
22,119 |
|
|
2,501 |
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| Less: Interest |
|
1,848 |
|
|
73 |
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| Total Lease Liability |
|
$ |
20,271 |
|
|
$ |
2,428 |
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| 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) |
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Operating Leases |
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Finance Leases |
Remainder of 2021 |
|
$ |
4,120 |
|
|
$ |
1,701 |
|
2022 |
|
5,171 |
|
|
800 |
|
2023 |
|
3,800 |
|
|
— |
|
2024 |
|
2,858 |
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|
— |
|
2025 |
|
2,809 |
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|
— |
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| Thereafter |
|
3,361 |
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|
— |
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| Total Lease Payments |
|
22,119 |
|
|
2,501 |
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| Less: Interest |
|
1,848 |
|
|
73 |
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| Total Lease Liability |
|
$ |
20,271 |
|
|
$ |
2,428 |
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