Company: CRL
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001100682-25-000011
Chunk: 191

Company: CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 191
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As of December 28, 2024 and December 30, 2023, $25.3 million and $5.1 million, respectively, of severance and other personnel related costs liabilities were included in accrued compensation and accrued liabilities within the Company’s consolidated balance sheets. 

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CHARLES RIVER LABORATORIES INTERNATIONAL, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

17. LEASES

Operating and Finance LeasesRight-of-use lease assets and lease liabilities are reported in the Company’s consolidated balance sheets as follows:December 28, 2024December 30, 2023(in thousands)Operating leasesOperating lease right-of-use assets, net$412,490 $394,029 Other current liabilities$54,159 $54,908 Operating lease right-of-use liabilities483,789 419,234 Total operating lease liabilities$537,948 $474,142 Finance leasesProperty, plant and equipment, net$28,900$29,422Current portion of long-term debt and finance leases$2,774$2,398Long-term debt, net and finance leases25,67026,152Total finance lease liabilities$28,444$28,550The following table presents the components of operating and finance lease costs within the Company’s consolidated statements of income:Fiscal Year202420232022(in thousands)Operating lease costs$71,058 $65,380 $59,671 Finance lease costs:Amortization of right-of-use assets3,111 2,745 3,035 Interest on lease liabilities1,548 1,477 1,441 Short-term lease costs3,904 3,581 2,954 Variable lease costs29,192 22,159 13,965 Sublease income(2,156)(2,067)(1,912)Total lease costs$106,657 $93,275 $79,154 

100

CHARLES RIVER LABORATORIES INTERNATIONAL, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Other information related to leases was as follows:Supplemental cash flow informationFiscal Year202420232022(in thousands)Cash flows included in the measurement of lease liabilities:Operating cash flows from operating leases$74,732 $60,239 $48,360 Operating cash flows from finance leases1,529