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Lease Commitments | 9 Months Ended
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Sep. 28, 2019
Leases [Abstract] |
Lease Commitments | Lease Commitments The company leases certain office, distribution, and other property under non-cancelable operating leases expiring at various dates through 2033. Substantially all leases are classified as operating leases. During the third quarter and first nine months of 2019, the company recorded operating lease cost of $29,950 and $79,940, respectively.
The following amounts were recorded in the consolidated balance sheets at September 28, 2019:
|  | September 28, 2019
Operating Leases |  |
Right-of-use asset |  | $ | 294,722 |
Lease liability - current |  | 59,997 |
Lease liability - non-current |  | 278,191 |
Total operating lease liabilities |  | $ | 338,188 |
Maturities of operating lease liabilities at September 28, 2019 were as follows:
|  | September 28, 2019
2019 |  | $ | 31,117 |
2020 |  | 79,814 |
2021 |  | 63,428 |
2022 |  | 49,874 |
2023 |  | 39,302 |
Thereafter |  | 167,937 |
Total lease payments |  | 431,472 |
Less: imputed interest |  | (93,284 | )
Total |  | $ | 338,188 |
Other information pertaining to leases consists of the following:
|  | September 28, 2019
Supplemental Cash Flow Information |  |
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 74,752 |
Right-of-use assets obtained in exchange for operating lease obligations |  | 49,349 |
Operating Lease Term and Discount Rate |  |
Weighted-average remaining lease term in years |  | 7
Weighted-average discount rate |  | 5.1 | %

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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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