| Lessee, Operating Leases [Text Block] |
NOTE F—OPERATING LEASES
The following table summarizes the classification of ROU assets and lease liabilities in the Company’s consolidated balance sheet:
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January 2, |
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December 28, |
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| Leases |
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Classification |
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2021 |
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|
2019 |
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| Assets |
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| ROU operating lease assets, net |
|
Other assets |
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$ |
27,947 |
|
|
$ |
31,263 |
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| Total ROU assets |
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|
|
$ |
27,947 |
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|
$ |
31,263 |
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| Liabilities |
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| Current: |
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|
|
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|
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|
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| Operating lease liabilities |
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Other current liabilities |
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$ |
8,616 |
|
|
$ |
8,323 |
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| Non-current: |
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|
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|
|
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|
|
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| Operating lease liabilities |
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Other long-term liabilities |
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|
12,856 |
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|
|
17,274 |
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| Total lease liabilities |
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$ |
21,472 |
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|
$ |
25,597 |
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The following table presents supplemental lease information:
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Year Ended |
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2020 |
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2019 |
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| Lease cost |
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| Operating lease cost |
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$ |
9,411 |
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|
$ |
8,988 |
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| Total lease cost |
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$ |
9,411 |
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$ |
8,988 |
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Year Ended |
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2020 |
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2019 |
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| Other information |
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| Cash paid for amounts included in the measurement of lease liabilities |
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| Operating cash flows from operating leases |
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$ |
10,410 |
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|
$ |
8,656 |
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| ROU assets obtained in exchange for new operating lease liabilities |
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$ |
6,632 |
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|
$ |
13,575 |
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| Weighted-average remaining lease term—operating leases |
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3.13 yrs. |
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|
3.85 yrs. |
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| Weighted-average discount rate—operating leases |
|
|
3.55 |
% |
|
|
3.75 |
% |
The following table presents the maturity of the Company’s lease liabilities as of January 2, 2021:
| Year ending |
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| 2021 |
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$ |
9,214 |
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| 2022 |
|
|
5,822 |
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| 2023 |
|
|
4,294 |
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| 2024 |
|
|
2,523 |
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| 2025 |
|
|
597 |
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| Thereafter |
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|
175 |
|
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|
22,625 |
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| Less: imputed interest |
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|
(1,153 |
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| Present value |
|
$ |
21,472 |
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These leases generally provide that property taxes, insurance, and maintenance expenses are the responsibility of the Company. Such expenses are not included in the operating lease amounts outlined in the table above or in the rent expense amounts that follow. The total rent expense was approximately $11,199, $9,586, and $11,240 for the years ended 2020, 2019, and 2018, respectively.
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