Company: JBI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001839839-25-000141
Chunk: 54

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 54
---
 between 1 year and 20 years, and some include multiple options to extend (generally in increments of 5 to 10 years). Lease agreements generally do not include material variable lease payments, residual value guarantees, or restrictive covenants.The components of right-of-use assets and lease liabilities were as follows for the periods presented:(dollar amounts in millions)Balance Sheet ClassificationJune 28, 2025December 28, 2024Assets:Operating lease assetsRight-of-use assets, net$54.5 $56.3 Finance lease assetsRight-of-use assets, net4.0 3.4 Total leased assets$58.5 $59.7 Liabilities:Current:OperatingAccrued expenses and other current liabilities$5.6 $5.4 FinancingCurrent maturities of long-term debt1.5 1.3 Noncurrent:OperatingOther long-term liabilities54.7 56.2 FinancingLong-term debt2.1 2.1 Total lease liabilities$63.9 $65.0 The components of lease expense were as follows for the periods presented:Three Months EndedSix Months Ended(dollar amounts in millions)June 28, 2025June 29, 2024June 28, 2025June 29, 2024Operating lease cost$2.5 $2.5 $5.1 $4.9 Variable lease cost — 0.1 0.1 0.3 Short-term lease cost— 0.4 0.1 0.6 Finance lease cost:Amortization of right-of-use assets0.8 0.4 1.2 0.6 Interest on lease liabilities— — 0.1 0.1 Total lease cost$3.3 $3.4 $6.6 $6.5 Other information related to leases was as follows for the periods presented:June 28, 2025December 28, 2024Weighted Average Remaining Lease Term (in years)Operating leases12.312.6Finance leases2.72.9Weighted Average Discount RateOperating leases7.4%7.4%Finance leases7.3%7.9%

14

Janus International Group, Inc.Notes to Unaudited Condensed Consolidated Financial Statements

As of June 28, 2025, future minimum