Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
9 Months Ended
Oct. 02, 2021
Leases [Abstract]  
Summary of ROU Assets and Liabilities The following is a summary of the Company's ROU assets and liabilities:
(In thousands) October 2, 2021 December 31, 2020
Operating Leases:
Operating Right-of-Use Assets, Gross $ 30,324  $ 28,678 
Less Accumulated Right-of-Use Asset Impairment 1,710  1,710 
Less Accumulated Amortization 11,029  8,015 
Operating Right-of-Use Assets, Net $ 17,585  $ 18,953 
Short-term Operating Lease Liabilities $ 7,124  $ 4,998 
Long-term Operating Lease Liabilities 13,314  16,637 
Operating Lease Liabilities $ 20,438  $ 21,635 
Finance Leases:
Finance Right-of-Use Assets, Gross $ 177  $ 3,484 
Less Accumulated Amortization 83  2,039 
Finance Right-of-Use Assets, Net — Included in Other Assets $ 94  $ 1,445 
Short-term Finance Lease Liabilities — Included in Accrued Expenses and Other Current Liabilities
$ 94  $ 2,081 
Long-term Finance Lease Liabilities — Included in Other Liabilities
734 
Finance Lease Liabilities $ 96  $ 2,815 
Summary of Lease Costs and Cash Paid The following is a summary of the Company's total lease costs:
Nine Months Ended Three Months Ended
(In thousands) October 2, 2021 September 26, 2020 October 2, 2021 September 26, 2020
Finance Lease Cost:
Amortization of Right-of-Use Assets $ 550  $ 765  $ 23  $ 255 
Interest on Lease Liabilities 78  170  10  50 
Total Finance Lease Cost 628  935  33  305 
Operating Lease Cost 4,297  3,957  1,614  1,314 
Right-of-Use Asset Impairment —  691  —  — 
Variable Lease Cost 1,135  1,010  390  377 
Short-term Lease Cost (excluding month-to-month) 104  155  28  41 
Less Sublease and Rental (Income) Expense (943) (1,085) (321) (348)
Total Operating Lease Cost 4,593  4,728  1,711  1,384 
Total Net Lease Cost $ 5,221  $ 5,663  $ 1,744  $ 1,689 
Summary of Maturity of Lease Liabilities, Operating Leases The following is a summary of the Company's maturity of lease liabilities:
(In thousands) Operating Leases Finance Leases
Remainder of 2021
$ 1,876  $ 24 
2022
7,299  73 
2023
3,813  — 
2024
2,886  — 
2025
2,807  — 
Thereafter 3,360  — 
Total Lease Payments 22,041  97 
Less: Interest 1,603 
Total Lease Liability $ 20,438  $ 96 
Summary of Maturity of Lease Liabilities, Financing Leases The following is a summary of the Company's maturity of lease liabilities:
(In thousands) Operating Leases Finance Leases
Remainder of 2021
$ 1,876  $ 24 
2022
7,299  73 
2023
3,813  — 
2024
2,886  — 
2025
2,807  — 
Thereafter 3,360  — 
Total Lease Payments 22,041  97 
Less: Interest 1,603 
Total Lease Liability $ 20,438  $ 96