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Leases | 12 Months Ended
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Dec. 28, 2024
Leases [Abstract] |
Leases | Leases Our operating lease, right-of-use assets relate to real estate space under non-cancelable operating lease agreements for commercial and industrial space, as well as for our corporate headquarters located in Livermore, California. Our leases have remaining terms of one to ten, and some leases include options to extend up to twenty years. We did not include any of our renewal options in our lease terms for calculating our lease liability as the renewal options allow us to maintain operational flexibility and we are not reasonably certain we will exercise these options at this time. The weighted-average remaining lease term for our operating leases was four years at December 28, 2024 and the weighted-average discount rate was 4.72%. The components of lease expense were as follows (in thousands):
| Lease Expense
| December 28, 2024 |  | December 30, 2023 |  | December 31, 2022
Operating lease expense | $ | 8,457 |  |  | $ | 8,453 |  |  | $ | 8,595 |
Short-term lease expense | 341 |  |  | 524 |  |  | 385 |
Variable lease expense | 4,194 |  |  | 2,389 |  |  | 2,393 |
| $ | 12,992 |  |  | $ | 11,366 |  |  | $ | 11,373 |
Future minimum payments under our non-cancelable operating leases were as follows as of December 28, 2024 (in thousands):
Fiscal Year |  | Amount
2025 |  | $ | 9,080 |
2026 |  | 7,610 |
2027 |  | 7,181 |
2028 |  | 3,872 |
2029 |  | 232 |
Thereafter |  | 1,118 |
Total minimum lease payments |  | 29,093 |
Less: interest |  | (3,180) |
Present value of net minimum lease payments |  | 25,913 |
Less: current portion |  | (8,363) |
Total long-term operating lease liabilities |  | $ | 17,550 |

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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