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Leases | 6 Months Ended
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Jun. 29, 2019
Leases [Abstract] |
Leases | Leases The Company leases certain manufacturing facilities, distribution centers, office space, and equipment. Leases with an initial term of twelve months or less are not recorded on the balance sheet; expense for these leases is recognized on a straight line-basis over the term of the lease. Most of the Company’s leases include one or more options to renew up to five years and have remaining terms of one to fifteen years. These options are not included in the Company’s valuation of the right-of-use assets as the Company is not reasonably certain to exercise the options. The Company has certain vehicle leases that are financing; however, these leases are deemed immaterial for disclosure. The following table includes supplemental information with regards to the Company’s operating leases:
(In thousands, except lease term and discount rate) |  | June 29, 2019
Operating lease right-of-use assets |  | $ | 28,590 |
Current portion of operating lease liabilities |  | 4,754 |
Noncurrent operating lease liabilities |  | 24,491 |
Total operating lease liabilities |  | $ | 29,245 |
Weighted average discount rate |  | 4.13 | %
Weighted average remaining lease term (in years) |  | 9.42 |
As of the adoption date of ASC 842, discount rates for existing leases were based on an estimate of the Company’s incremental borrowing rate, adjusted for the term of the lease. Some of the Company’s leases include variable lease costs such as taxes, insurance, etc. These costs are immaterial for disclosure. The following table presents certain information related to operating lease costs and cash paid during the period.
(In thousands) |  | For the Quarter Ended June 29, 2019 |  | For the Six Months Ended June 29, 2019
Operating lease costs |  | $ | 1,577 |  |  | $ | 3,204 |
Short term lease costs |  | 1,515 |  |  | 3,005 |
Total lease costs |  | $ | 3,092 |  |  | $ | 6,209 |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 1,533 |  |  | $ | 3,118 |
Maturities of the Company’s operating leases are as follows:
(In thousands) |  | June 29, 2019
2019 |  | $ | 3,017 |
2020 |  | 5,645 |
2021 |  | 4,657 |
2022 |  | 3,938 |
2023 |  | 2,841 |
2024 and thereafter |  | 15,675 |
Total lease payments |  | 35,773 |
Less imputed interest |  | (6,528 | )
Total lease obligations |  | 29,245 |
Less current obligations |  | (4,754 | )
Noncurrent lease obligations |  | $ | 24,491 |

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- References No definition available. + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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