Company: JBI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001839839-25-000132
Chunk: 54

Company: Janus International Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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.6 of the unamortized debt issuance costs that was amortizing over the expected life of the borrowing. Amortization of deferred loan costs is included in interest expense on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. Amortization of approximately $1.1 and $0.4 was recognized for the three month periods ended March 29, 2025 and March 30, 2024, respectively, as a component of interest expense. These amounts are inclusive of the additional costs affiliated with voluntary prepayment of principal balances.

17

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

10. Leases

The Company primarily leases certain office and manufacturing facilities, as well as vehicles, copiers, and other equipment. These leases generally have an original lease term 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:(dollar amounts in millions)Balance Sheet ClassificationMarch 29, 2025December 28, 2024Assets:Operating lease assetsRight-of-use assets, net$54.9 $56.3 Finance lease assetsRight-of-use assets, net4.2 3.4 Total leased assets$59.1 $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 liabilities54.9 56.2 FinancingLong-term debt2.3 2.1 Total lease liabilities$64.3 $65.0 The components of lease expense were as follows:Three Months Ended(dollar amounts in millions)March 29, 2025March 30, 2024Operating lease cost$2.6 $2.4 Variable lease cost 0.1 0.2 Short-term lease cost0.1 0.2 Finance lease cost:Amortization of right-of-use assets0.4 0.2 Interest on lease liabilities0.1 0.1 Total lease cost$3.3 $3.1 Other information related to leases was