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Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Supplemental Balance Sheet Information Related to Finance Leases

Supplemental balance sheet information related to finance leases consisted of the following (dollars in thousands):

Note 8 – Leases (Continued)

Finance Leases (Continued)


		June 30, 2023				December 30, 2022
Machinery and equipment		$	—			$	30
Computer equipment and software			6				18
Furniture and fixtures			475				475
Finance lease right-of-use assets, gross			481				523
Less accumulated depreciation			(224	)			(181	)
Finance lease right-of-use assets, net		$	257			$	342

Current finance lease obligations		$	162			$	169
Long-term finance lease obligations			125				210
Total finance lease liability		$	287			$	379
Weighted-average remaining lease term (in years)			1.8				2.2
Weighted-average discount rate			4.23	%			4.10	%

Supplemental Cash Flow Information Related to Finance Leases

Supplemental cash flow information related to finance leases consisted of the following (dollars in thousands):


		Three Months Ended								Six Months Ended
		June 30, 2023				July 1, 2022				June 30, 2023				July 1, 2022
Amortization of finance lease right-of-use asset		$	38			$	39			$	77			$	82
Interest on finance lease liabilities			3				5				7				8
Cash paid for amounts included in the measurement of finance lease liabilities:
Operating cash flows			3				5				7				8
Financing cash flows			40				27				82				45

Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases consisted of the following (dollars in thousands):


		June 30, 2023				December 30, 2022
Machinery and equipment		$	752			$	789
Computer equipment and software			446				446
Real property			36,756				34,465
Operating lease right-of-use assets, gross			37,954				35,700
Less accumulated depreciation			(6,424	)			(5,430	)
Operating lease right-of-use assets, net		$	31,530			$	30,270

Current operating lease obligations		$	4,013			$	3,524
Long-term operating lease obligations			28,189				27,136
Total operating lease liability		$	32,202			$	30,660
Weighted-average remaining lease term (in years)			7.2				7.5
Weighted-average discount rate			4.44	%			3.87	%

Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases was as follows (dollars in thousands):


		Three Months Ended								Six Months Ended
		June 30, 2023				July 1, 2022				June 30, 2023				July 1, 2022
Operating lease cost		$	1,357			$	1,166			$	2,464			$	2,304
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows			1,152				1,034				2,325				1,966
Right-of-use assets obtained in exchange for new operating lease liabilities			1,511				2,081				3,420				2,756

Schedule of Estimated Future Maturities of Lease Liabilities under Operating and Finance Leases Having Initial or Remaining Non-Cancelable Lease Terms More Than One Year

Estimated future maturities of lease liabilities under operating and finance leases having initial or remaining non-cancelable lease terms more than one year as of June 30, 2023 is as follows (in thousands):

.


As of June 30, 2023 12 Months Ended		Operating Leases				Finance Leases
June 2024		$	5,990			$	171
June 2025			5,834				127
June 2026			4,463				—
June 2027			4,432				—
June 2028			4,476				—
Thereafter			13,433				—
Total future minimum lease payments		$	38,628			$	298
Less amounts representing interest			(6,426	)			(11	)
Total lease liability		$	32,202			$	287