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LEASES (Tables)

3 Months Ended

Mar. 29, 2024

LEASES

Summary of the Lease Expense

​

​	​	​	​	​	​
​	Three Months Ended
​	March 29,		​	March 31,
​	2024			2023
​	(in thousands)
Operating lease cost	$	1,527	​	$	1,493
Sublease Income	​	(14)	​	​	—
Finance lease cost:	​	​	​	​	​
Amortization of assets	​	355	​	​	311
Interest on lease liabilities	​	31	​	​	22
Total net lease cost	$	1,899	​	$	1,826

Summary of Lease Information Presented on the Condensed Consolidated Balance Sheet

​

​	​	​	​	​	​	​	​
​	​	March 29,			December 29,		​
​	​	2024		​	2023		​
​	​	(in thousands)					​
Operating leases:	​	​	​	​	​	​	​
Right-of-use assets	​	$	12,803	​	$	12,465	​
​	​		​	​		​	​
Lease liability	​	$	4,677	​	$	4,537	​
Lease liability, less current portion	​		9,948	​		9,758	​
Total lease liabilities	​	$	14,625	​	$	14,295	​
​	​		​	​		​	​
Finance leases (included in equipment and leasehold improvements, net):	​	​	​	​	​	​	​
Equipment and leasehold improvements, net	​	$	6,245	​	$	6,139	​
Accumulated depreciation	​		(4,099)	​		(3,837)	​
Total equipment and leasehold improvements, net	​	$	2,146	​	$	2,302	​
​	​		​	​	​	​	​
Finance lease obligations	​	$	1,111	​	$	1,186	​
Finance lease obligations, less current portion	​	​	1,112	​	​	1,184	​
Total finance lease obligations	​	$	2,223	​	$	2,370	​
​	​	​	​	​	​	​	​
Weighted average remaining lease term (in years):	​	​	​	​	​	​	​
Operating Leases	​	​	3.32	​	​	3.43	​
Finance Leases	​	​	2.25	​	​	2.31	​
​	​	​	​	​	​	​	​
Weighted average discount rate:	​	​	​	​	​	​	​
Operating Leases	​	​	6.67	%	​	6.09	%
Finance Leases	​	​	5.59	%	​	5.19	%

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

​

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	March 29,		​	March 31,
​	​	2024			2023
​	​	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:	​	​	​	​	​	​
Operating cash flow from operating leases	​	$	1,569	​	$	1,570
Operating cash flow from finance leases	​	​	31	​	​	22
Financing cash flow from finance leases	​	​	345	​	​	303
​	​	​	​	​	​	​
Right-of-use assets obtained in exchange for lease liabilities:	​	​	​	​	​	​
Operating leases	​	$	1,627	​	$	2,120

Summary of the Maturities of Operating Lease Liabilities

​

​	​	​	​	​	​	​	​
​		Operating			Finance
​	​	(in thousands)					​
Fiscal year:	​	​	​	​	​	​	​
Remainder of 2024	​	$	4,254	​	$	1,013	​
2025	​		5,069	​		782	​
2026	​		4,235	​	​	448	​
2027	​	​	1,935	​	​	112	​
2028	​	​	1,108	​		18	​
2029 and thereafter	​		94	​		—	​
Total lease payments	​	​	16,695	​	​	2,373	​
Less: Imputed interest	​		(2,070)	​	​	(150)	​
Total lease obligations	​		14,625	​	​	2,223	​
Less: Current obligations	​		4,677	​	​	1,111	​
Noncurrent lease obligations	​	$	9,948	​	$	1,112	​

Summary of the Maturities of Finance Lease Liabilities

​

​	​	​	​	​	​	​	​
​		Operating			Finance
​	​	(in thousands)					​
Fiscal year:	​	​	​	​	​	​	​
Remainder of 2024	​	$	4,254	​	$	1,013	​
2025	​		5,069	​		782	​
2026	​		4,235	​	​	448	​
2027	​	​	1,935	​	​	112	​
2028	​	​	1,108	​		18	​
2029 and thereafter	​		94	​		—	​
Total lease payments	​	​	16,695	​	​	2,373	​
Less: Imputed interest	​		(2,070)	​	​	(150)	​
Total lease obligations	​		14,625	​	​	2,223	​
Less: Current obligations	​		4,677	​	​	1,111	​
Noncurrent lease obligations	​	$	9,948	​	$	1,112	​

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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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- Definition

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

+ References

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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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