The Company has operating leases for land, manufacturing and office facilities, and equipment. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such option. The Company's leases do not contain material residual value guarantees or material restrictive covenants. Operating lease expense is recognized on a straight-line basis over the lease terms. Lease expense included in the accompanying condensed consolidated statement of operations is shown below:

(Dollars in thousands)	March 28, 2020
Operating lease expense	$	5,884
Short-term lease expense		1,378
Total lease expense	$	7,262

Net rent expense was $6.6 million and $5.8 million during fiscal 2019 and 2018, respectively.

Operating lease assets and obligations included in the accompanying condensed consolidated balance sheet are shown below:

(Dollars in thousands)	March 28, 2020
Right-of-use assets under operating leases:
Other long-term assets	$	14,808
Lease obligations under operating leases:
Other current liabilities		4,789
Other long-term liabilities		10,019
Total lease obligation	$	14,808

(Dollars in thousands)	March 28, 2020
Fiscal 2021	$	5,411
Fiscal 2022		4,431
Fiscal 2023		3,360
Fiscal 2024		1,414
Fiscal 2025		784
Thereafter		1,771
Total undiscounted cash flows		17,171
Less: imputed interest		(2,363	)
Lease obligations under operating leases	$	14,808

The weighted average lease term and discount rate for operating leases are shown below:

March 28,

2020

Weighted average remaining lease term (in years)

4.7

Weighted average discount rate

5.5

The discount rate used to measure a lease obligation should be the rate implicit in the lease; however, the Company’s operating leases generally do not provide an implicit rate. Accordingly, the Company uses its incremental borrowing rate at lease commencement to determine the present value of lease payments. The incremental borrowing rate is an entity-specific rate which represents the rate of interest a lessee would pay to borrow on a collateralized basis over a similar term with similar payments.

(Dollars in thousands)	Year Ended March 28, 2020
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations	$	6,177
Operating cash flows:
Cash paid related to operating lease obligations	$	5,811