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Leases | 6 Months Ended
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Jun. 28, 2019
Leases [Abstract] |
Leases | Note 8 – Leases Finance Leases The Company entered into finance leases primarily related to purchases of equipment used for manufacturing or computer-related equipment. These finance leases are two to five years in length and have fixed payment amounts for the term of the contract and have options to purchase the assets at the end of the lease term. Supplemental balance sheet information related to finance leases consisted of the following (dollars in thousands):
|  | June 28, 2019 |
Machinery and equipment |  | $ | 2,158 |
Furniture and fixtures |  |  | 1,042 |
Leasehold improvements |  |  | 27 |
Finance lease right-of-use assets, gross |  |  | 3,227 |
Less accumulated depreciation |  |  | 889 |
Finance lease right-of-use assets, net |  | $ | 2,338 |
Total finance lease liability |  | $ | 1,540 |
Weighted-average remaining lease term (in years) |  |  | 1.4 |
Weighted-average discount rate |  |  | 6.47 | %
Supplemental cash flow information related to finance leases consisted of the following (dollars in thousands):
|  | Three Months Ended |  | Six Months Ended |
|  | June 28, 2019 |  | June 28, 2019 |
Amortization of finance lease right-of-use asset |  | $ | 145 |  | $ | 306 |
Interest on finance lease liabilities |  |  | 22 |  |  | 41 |
Cash paid for amounts included in the measurement of finance lease liabilities: |  |  |  |  |  |  |
Operating cash flows |  |  | 22 |  |  | 41 |
Financing cash flows |  |  | 316 |  |  | 681 |
Right-of-use assets obtained in exchange for new finance lease liabilities |  |  | 37 |  |  | 679 |
Operating Leases The Company entered into operating leases primarily related to real property (office, manufacturing and warehouse facilities), automobiles and copiers. These operating leases are two to five years in length with options to extend. The Company did not include any lease extensions in the initial valuation unless the Company was reasonably certain to extend the lease. Depending on the lease, there are those with fixed payment amounts for the entire length of the contract or payments which increase periodically as noted in the contract or increased at an inflation rate indicator. For operating leases that increase using an inflation rate indicator, the Company used the inflation rate at the time the lease was entered into for the length of the lease term. Supplemental balance sheet information related to operating leases consisted of the following (dollars in thousands): Note 8 – Leases (Continued) Operating Leases (Continued)
| June 28, 2019 |
Machinery and equipment | $ | 757 |
Furniture and fixtures |  | 462 |
Real property |  | 10,552 |
Operating lease right-of-use assets, gross |  | 11,771 |
Less accumulated depreciation |  | 4,552 |
Operating lease right-of-use assets, net | $ | 7,219 |
Total operating lease liability | $ | 7,346 |
Weighted-average remaining lease term (in years) |  | 2.6 |
Weighted-average discount rate |  | 1.84 | %
Supplemental cash flow information related to operating leases was as follows (dollars in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 28, 2019 |  |  | June 28, 2019 |
Operating lease cost |  | $ | 683 |  |  | $ | 1,294 |
Cash paid for amounts included in the measurement of operating lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows |  |  | 691 |  |  |  | 1,292 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 1,193 |  |  |  | 2,657 |
Future Minimum Lease Commitments Estimated future minimum lease payments under operating and finance leases having initial or remaining non-cancelable lease terms more than one year as of June 28, 2019 and December 28, 2018 are as follows (in thousands):
As of June 28, 2019 12 Months Ended |  | Operating Leases |  |  | Finance Leases |
June 2020 |  | $ | 2,916 |  |  | $ | 1,009 |
June 2021 |  |  | 2,201 |  |  |  | 506 |
June 2022 |  |  | 1,115 |  |  |  | 78 |
June 2023 |  |  | 942 |  |  |  | 8 |
June 2024 |  |  | 440 |  |  |  | 6 |
Thereafter |  |  | 2 |  |  |  | — |
Total minimum lease payments, including interest |  | $ | 7,616 |  |  | $ | 1,607 |
Less amounts representing interest |  |  | 270 |  |  |  | 67 |
Total minimum lease payments |  | $ | 7,346 |  |  | $ | 1,540 |
As of December 28, 2018 12 Months Ended |  | Operating Leases |  |  | Finance Leases |
December 2019 |  | $ | 2,606 |  |  | $ | 1,153 |
December 2020 |  |  | 2,202 |  |  |  | 332 |
December 2021 |  |  | 980 |  |  |  | 143 |
December 2022 |  |  | 507 |  |  |  | 4 |
December 2023 |  |  | 202 |  |  |  | — |
Thereafter |  |  | 12 |  |  |  | — |
Total minimum lease payments, including interest |  |  | 6,509 |  |  |  | 1,632 |
Less amounts representing interest |  |  | — |  |  |  | 75 |
Total minimum lease payments |  | $ | 6,509 |  |  | $ | 1,557 |

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