XML 37 R13.htm IDEA: XBRL DOCUMENT v3.20.1
Leases
12 Months Ended
Dec. 28, 2019
Leases  
Leases

Note 6—Leases

 

The Company has operating and finance leases primarily associated with office and manufacturing facilities and certain equipment. The determination of which discount rate to use when measuring the lease obligation was deemed a significant judgment.

 

Lease cost and supplemental cash flow information related to operating and finance leases were as follows (in thousands):

 

 

 

 

 

 

 

Year Ended

 

 

December 28,

 

    

2019

Lease cost

 

 

 

Operating lease cost

 

$

623

Finance lease cost

 

 

 

Amortization of right-of-use assets

 

$

14

Interest on lease liabilities

 

 

 3

Total finance lease cost

 

$

17

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

Operating cash flows from operating leases

 

$

592

Operating cash flows from finance leases

 

 

 3

Financing cash flows from finance leases

 

 

13

Right-of-use assets obtained in exchange for lease obligations

 

 

 

Finance leases

 

$

96

 

Supplemental balance sheet information related to leases was as follows:

 

 

 

 

 

 

 

December 28,

(in thousands)

 

2019

Operating Leases

 

 

 

Operating lease right-of-use assets

 

$

968

Accrued expenses and other current liabilities

 

$

511

Operating lease liabilities

 

 

498

Total operating lease liabilities

 

$

1,009

 

 

 

 

Finance Leases

 

 

 

Property and equipment, at cost

 

$

96

Accumulated depreciation

 

 

(14)

Property and equipment, net

 

$

82

Accrued expenses and other current liabilities

 

$

18

Other long-term liabilities

 

 

65

Total finance lease liabilities

 

$

83

 

 

.0

000

 

 

 

Weighted Average Remaining Lease Term (in years)

 

 

 

 

Operating lease

 

 

2.1

 

Finance lease

 

 

4.3

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

Operating lease

 

 

7.9

%

Finance lease

 

 

5.1

%

 

Maturities of lease liabilities as of December 28, 2019 were as follows (in thousands):

 

 

 

 

 

 

 

 

Fiscal Year

 

Operating Leases

 

Finance Leases

2020

 

$

570

 

$

22

2021

 

 

364

 

 

22

2022

 

 

163

 

 

22

2023

 

 

 —

 

 

22

2024

 

 

 —

 

 

 5

Total lease payments

 

 

1,097

 

 

93

Less: imputed interest

 

 

(88)

 

 

(10)

Total

 

$

1,009

 

$

83

 

A summary of future minimum lease payments under operating leases as of December 29, 2018 was as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

 

    

Amount

2019

 

 

 

 

$

399

2020

 

 

 

 

 

208

Total minimum lease payments

 

 

 

 

$

607