Annual report pursuant to Section 13 and 15(d)

Operating Leases

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Operating Leases
 12 Months Ended
Dec. 30, 2023
Leases, Operating [Abstract]  
Operating Leases OPERATING LEASES
The following table summarizes the classification of ROU assets and lease liabilities in the Company’s consolidated balance sheet:
Leases Classification December 30,
2023		 December 31,
2022
Assets
ROU operating lease assets, net Other assets $ 17,671  $ 19,997 
Total ROU assets $ 17,671  $ 19,997 
Liabilities
Current:
Operating lease liabilities Other current liabilities $ 7,278  $ 6,892 
Noncurrent:
Operating lease liabilities Other long-term liabilities 5,141  7,680 
Total lease liabilities $ 12,419  $ 14,572 
The components of lease expense were as follows:
Year Ended
2023 2022 2021
Operating lease expense $ 8,042  $ 8,606  $ 9,585 
Total lease expense $ 8,042  $ 8,606  $ 9,585 
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 $8,755, $8,258, and $9,830 for the years ended 2023, 2022, and 2021, respectively.
The following table presents supplemental lease information:
Year Ended
2023 2022 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases $ 8,227  $ 7,924  $ 9,506 
ROU assets obtained in exchange for new operating lease liabilities $ 5,699  $ 5,641  $ 5,322 
The following table presents weighted-average remaining lease term and weighted-average discount rate for the Company's operating leases:
Year Ended
2023 2022
Weighted-average remaining lease term—operating leases
1.99 yrs.
2.39 yrs.
Weighted-average discount rate—operating leases 3.97  % 3.04  %
The following table presents the maturity of the Company’s lease liabilities as of December 30, 2023:
Year ending
2024 $ 7,609 
2025 3,858 
2026 1,312 
2027 121 
2028 and Thereafter — 
12,900 
Less: imputed interest (481)
Present value $ 12,419