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LEASES (Tables)

3 Months Ended

Mar. 31, 2023

LEASES

Summary of the Lease Expense

​

​	​	​	​	​	​
​	Three Months Ended
​	March 31,		​	April 1,
​	2023			2022
​	(in thousands)
Operating lease cost	$	1,493	​	$	1,578
Finance lease cost:	​	​	​	​	​
Amortization of assets	​	311	​	​	233
Interest on lease liabilities	​	22	​	​	14
Total net lease cost	$	1,826	​	$	1,825

​

Summary of Lease Information Presented on the Condensed Consolidated Balance Sheet

​

​	​	​	​	​	​	​	​
​	​	March 31,			December 30,		​
​	​	2023		​	2022		​
​	​	(in thousands)					​
Operating leases:	​	​	​	​	​	​	​
Right-of-use assets	​	$	12,750	​	$	12,390	​
​	​		​	​		​	​
Lease liability	​	$	4,435	​	$	4,625	​
Lease liability, less current portion	​		9,796	​		8,599	​
Total lease liabilities	​	$	14,231	​	$	13,224	​
​	​		​	​		​	​
Finance leases (included in equipment and leasehold improvements, net):	​	​	​	​	​	​	​
Equipment and leasehold improvements, net	​	$	5,434	​	$	5,503	​
Accumulated depreciation	​		(3,024)	​		(2,830)	​
Total equipment and leasehold improvements, net	​	$	2,410	​	$	2,673	​
​	​		​	​	​	​	​
Finance lease obligations	​	$	1,105	​	$	1,113	​
Finance lease obligations, less current portion	​	​	1,354	​	​	1,601	​
Total finance lease obligations	​	$	2,459	​	$	2,714	​
​	​	​	​	​	​	​	​
Weighted average remaining lease term (in years):	​	​	​	​	​	​	​
Operating Leases	​	​	3.52	​	​	3.35	​
Finance Leases	​	​	2.48	​	​	2.66	​
​	​	​	​	​	​	​	​
Weighted average discount rate:	​	​	​	​	​	​	​
Operating Leases	​	​	5.10	%	​	4.25	%
Finance Leases	​	​	3.59	%	​	3.47	%

​

Summary of Other Information and Supplemental Cash Flow Information Related to Finance and Operating Leases

​

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	March 31,		​	April 1,
​	​	2023			2022
​	​	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:	​	​	​	​	​	​
Operating cash flow from operating leases	​	$	1,570	​	$	1,670
Operating cash flow from finance leases	​	​	22	​	​	14
Financing cash flow from finance leases	​	​	303	​	​	342
​	​	​	​	​	​	​
Right-of-use assets obtained in exchange for lease liabilities:	​	​	​	​	​	​
Operating leases	​	$	2,120	​	$	525

​

Summary of the Maturities of Operating Lease Liabilities

​

​	​	​	​	​	​	​	​
​		Operating			Finance
​	​	(in thousands)					​
Fiscal year:	​	​	​	​	​	​	​
Remainder of 2023	​	$	3,691	​	$	949	​
2024	​		4,233	​		997	​
2025	​		3,410	​	​	399	​
2026	​	​	2,877	​	​	172	​
2027	​	​	1,050	​		58	​
2028 and thereafter	​		461	​		—	​
Total lease payments	​	​	15,722	​	​	2,575	​
Less: Imputed interest	​		(1,491)	​	​	(116)	​
Total lease obligations	​		14,231	​	​	2,459	​
Less: Current obligations	​		4,435	​	​	1,105	​
Noncurrent lease obligations	​	$	9,796	​	$	1,354	​

​

Summary of the Maturities of Finance Lease Liabilities

​

​	​	​	​	​	​	​	​
​		Operating			Finance
​	​	(in thousands)					​
Fiscal year:	​	​	​	​	​	​	​
Remainder of 2023	​	$	3,691	​	$	949	​
2024	​		4,233	​		997	​
2025	​		3,410	​	​	399	​
2026	​	​	2,877	​	​	172	​
2027	​	​	1,050	​		58	​
2028 and thereafter	​		461	​		—	​
Total lease payments	​	​	15,722	​	​	2,575	​
Less: Imputed interest	​		(1,491)	​	​	(116)	​
Total lease obligations	​		14,231	​	​	2,459	​
Less: Current obligations	​		4,435	​	​	1,105	​
Noncurrent lease obligations	​	$	9,796	​	$	1,354	​

​

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980

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X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980

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- References

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980

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- Definition

Tabular disclosure of impact of leases adoption on balance sheet information.

+ References

No definition available.

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- Definition

Tabular disclosure of other information and supplemental cash flow information related to leases.

+ References

No definition available.

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