Company: CRL
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001100682-25-000011
Chunk: 192

Company: CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 192
---
1,476 1,442 Finance cash flows from finance leases2,917 2,297 2,257 Non-cash leases activity:Right-of-use lease assets obtained in exchange for new operating lease liabilities$114,740 $75,987 $189,134 Right-of-use lease assets obtained in exchange for new finance lease liabilities3,214 — 8,179 Lease term and discount rateDecember 28, 2024December 30, 2023December 31, 2022Weighted-average remaining lease term (in years)Operating lease9.59.69.8Finance lease11.412.713.6Weighted-average discount rateOperating lease5.1 %4.7 %4.3 %Finance lease5.3 %5.3 %5.3 %At the lease commencement date, the discount rate implicit in the lease is used to discount the lease liability if readily determinable. If not readily determinable or leases do not contain an implicit rate, the Company’s incremental borrowing rate is used as the discount rate, which is based on the information available at the lease commencement date and represents a rate that would be incurred to borrow, on a collateralized basis, over a similar term, an amount equal to the lease payments in a similar economic environment.As of December 28, 2024, maturities of operating and finance lease liabilities for each of the following five years and a total thereafter were as follows:Operating LeasesFinance Leases(in thousands)2025$77,877 $4,207 202674,076 3,715 202775,091 3,692 202872,349 3,691 202967,662 3,027 Thereafter324,352 20,156 Total minimum future lease payments691,407 38,488 Less: Imputed interest153,459 10,044 Total lease liabilities$537,948 $28,444 Total minimum future lease payments (relating to an operating lease) of approximately $10 million for a lease that has not commenced as of December 28, 2024, as the Company does not yet control the underlying asset, are not included in the consolidated financial statements. This lease is expected to commence in fiscal year 2025 with a lease term of approximately 13 years.

101

CHARLES RIVER LABORATORIES INTERNATIONAL, INC.NOTES TO CONSOLIDATED