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Note 8 - Leases | 12 Months Ended
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Jan. 02, 2021
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | Note 8 - Leases Our facilities for corporate offices, sales offices, research and development facilities, storage facilities, and a data center, are all leased under operating leases, which expire at various times through 2027. Our leases have remaining lease terms of 1 to 8 years, some of which include options to extend for up to 5 years, and some of which include options to terminate within 1 year. The weighted-average remaining lease term was 4.6 years and the weighted-average discount rate is 6.5% as of January 2, 2021. We recorded fixed operating lease expense of $7.6 million and $7.7 million, respectively, for fiscal 2020 and 2019. Rental expense under the previous guidance for operating leases was $8.3 million for fiscal 2018. The following table presents the lease balance classifications within the Consolidated Balance Sheets and summarizes their activity during fiscal 2020:
Operating lease right-of-use assets |  | (in thousands) |
Balance as of December 28, 2019 |  | $ | 23,591 |
Right-of-use assets obtained for new and modified lease contracts during the period |  |  | 4,297 |
Amortization of right-of-use assets during the period |  |  | (5,960 | )
Adjustments for present value and foreign currency effects |  |  | 250 |
Balance as of January 2, 2021 |  | $ | 22,178 |
Operating lease liabilities |  | (in thousands) |
Balance as of December 28, 2019 |  | $ | 26,124 |
Lease liabilities incurred for new lease contracts during the period |  |  | 2,646 |
Accretion of lease liabilities |  |  | 1,629 |
Operating cash used by payments on lease liabilities |  |  | (7,713 | )
Adjustments for present value and foreign currency effects |  |  | 369 |
Balance as of January 2, 2021 |  |  | 23,055 |
Less: Current portion of operating lease liabilities (included in Accrued expenses) |  |  | (4,149 | )
Long-term operating lease liabilities, net of current portion |  | $ | 18,906 |
Lease obligations for facilities restructured prior to the adoption of Topic 842 totaled approximately $8.2 million at January 2, 2021 and continued to be recorded in Other long-term liabilities on our Consolidated Balance Sheets. Maturities of operating lease liabilities as of January 2, 2021 are as follows:
Fiscal year |  | (in thousands) |
2021 |  | $ | 5,615 |
2022 |  |  | 5,378 |
2023 |  |  | 5,057 |
2024 |  |  | 4,861 |
2025 |  |  | 3,552 |
Thereafter |  |  | 3,229 |
Total lease payments |  |  | 27,692 |
Less: amount representing interest |  |  | (4,637 | )
Total lease liabilities |  | $ | 23,055 |

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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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