FY2021 10-K Document - FINAL 11 15 21 - Flipbook - Page 55
Table of Contents
The components of lease expense were as follows:
2021
Operating lease cost
2020
$
30,353
$
27,493
$
2,282
$
1,175
$
3,018
$
1,542
Finance lease cost:
Amortization of right-of-use assets
Interest on lease liabilities
736
Total finance lease cost
367
As we have not restated prior-year information for the adoption of ASC 842, total rent expense for operating leases
under ASC 840 amounted to $25,510 in 2019.
Supplemental cash flow information related to leases was as follows:
2021
2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow for operating leases
$
29,926
$
24,218
Operating cash flow for finance leases
736
367
Financing cash flow for finance leases
2,156
1,167
Operating leases
9,426
13,738
Finance leases
5,558
11,166
Assets obtained in exchange for lease obligations:
Supplemental balance sheet information related to leases was as follows:
October 2,
2021
October 3,
2020
Operating Leases
Operating lease right-of-use assets
$
60,355
$
68,393
Accrued liabilities and other
$
14,176
$
15,034
Other long-term liabilities
57,277
Total operating lease liabilities
60,837
$
71,453
$
75,871
$
19,861
$
13,930
Finance Leases
Property, plant, and equipment, at cost
Accumulated depreciation
(3,375)
(1,497)
Property, plant, and equipment, net
$
16,486
$
12,433
Accrued liabilities and other
$
2,014
$
2,199
Other long-term liabilities
15,904
Total finance lease liabilities
$
17,918
11,392
$
13,591
Weighted average remaining lease term in years
Operating leases
7.4
7.4
15.5
12.3
Operating leases
4.7 %
4.7 %
Finance leases
5.0 %
4.8 %
Finance leases
Weighted average discount rate
55