v3.24.2.u1
Leases (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Balance Sheet Location and Values of Company's Lease Assets and Lease Liabilities
The following table sets forth the balance sheet location and aggregate values of the Company’s lease assets and lease liabilities at June 30, 2024 and December 31, 2023:
ClassificationBalance Sheet LocationJune 30, 2024December 31, 2023
Lease Assets
Operating lease assetsRight of Use Asset - Operating Leases$313,650 $314,944 
Finance lease assetsOther Assets91,148 94,026 
Total lease assets$404,798 $408,970 
Lease Liabilities
Current operating lease liabilitiesAccrued expenses and other$51,451 $54,803 
Current finance lease liabilitiesNotes payable and current portion of debt24,287 18,791 
Total current lease liabilities$75,738 $73,594 
Noncurrent operating lease liabilitiesNoncurrent Operating Lease Liabilities$267,493 $265,454 
Noncurrent finance lease liabilitiesLong-term Debt, Net of Current Portion60,645 70,203 
Total noncurrent lease liabilities$328,138 $335,657 
Total lease liabilities$403,876 $409,251 
Schedule of Components of Company's Total Lease Costs and Other Lease Related Information
The following table sets forth the components of the Company’s total lease cost for the three- and six-month periods ended June 30, 2024 and July 2, 2023:
Three Months EndedSix Months Ended
Lease CostJune 30, 2024July 2, 2023June 30, 2024July 2, 2023
Operating lease cost(a)$13,397 $13,891 $29,589 $27,302 
Finance lease cost:
     Amortization of lease asset(a)3,478 3,448 6,918 6,719 
     Interest on lease liabilities(b)1,021 1,179 2,078 2,373 
Variable lease cost(a) (c)12,928 11,296 23,028 20,673 
Total lease cost$30,824 $29,814 $61,613 $57,067 
(a) Production-related and administrative amounts are included in cost of sales and selling, general and administrative expenses, respectively.
(b) Included in interest expense.
(c) Also includes short term lease costs, which are deemed immaterial.
Schedule of Weighted Average Remaining Lease Terms, Discounts Rates and Other Lease Information The following table sets forth certain lease-related information for the six-month periods ended June 30, 2024 and July 2, 2023:
Six Months Ended
June 30, 2024July 2, 2023
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows used by operating leases $28,855 $27,528 
     Operating cash flows used by finance leases2,078 2,373 
     Financing cash flows used by finance leases8,021 8,435 
Noncash investing and financing activities:
     Leased assets obtained in exchange for new operating lease liabilities$49,737 $9,221 
     Leased assets obtained in exchange for new finance lease liabilities4,920 4,333 
     Modification to leased assets for increase in operating lease liabilities3,297 1,173 
     Modification to leased assets for increase in finance lease liabilities 51 6 
     Termination reclasses to decrease operating lease assets(7,133)(2,615)
     Termination reclasses to decrease operating lease liabilities(7,732)(2,686)
     Termination reclasses to decrease finance lease assets(183)— 
     Termination reclasses to decrease finance lease liabilities (185)(12)