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Leases (Tables)

9 Months Ended

Sep. 29, 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)


		September 29, 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			(261	)			(181	)
Finance lease right-of-use assets, net		$	220			$	342

Current finance lease obligations		$	164			$	169
Long-term finance lease obligations			84				210
Total finance lease liability		$	248			$	379
Weighted-average remaining lease term (in years)			1.5				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								Nine Months Ended
		September 29, 2023				September 30, 2022				September 29, 2023				September 30, 2022
Amortization of finance lease right-of-use asset		$	37			$	39			$	114			$	121
Interest on finance lease liabilities			3				5				10				13
Cash paid for amounts included in the measurement of finance lease liabilities:
Operating cash flows			3				5				10				13
Financing cash flows			39				40				121				85

Supplemental Balance Sheet Information Related to Operating Leases

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


		September 29, 2023				December 30, 2022
Machinery and equipment		$	726			$	789
Computer equipment and software			446				446
Real property			41,313				34,465
Operating lease right-of-use assets, gross			42,485				35,700
Less accumulated depreciation			(7,493	)			(5,430	)
Operating lease right-of-use assets, net		$	34,992			$	30,270

Current operating lease obligations		$	4,003			$	3,524
Long-term operating lease obligations			31,643				27,136
Total operating lease liability		$	35,646			$	30,660
Weighted-average remaining lease term (in years)			7.5				7.5
Weighted-average discount rate			5.15	%			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								Nine Months Ended
		September 29, 2023				September 30, 2022				September 29, 2023				September 30, 2022
Operating lease cost		$	1,419			$	1,167			$	3,883			$	3,471
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows			1,259				1,103				3,584				3,069
Right-of-use assets obtained in exchange for new operating lease liabilities			4,580				126				8,000				1,166

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 September 29, 2023 is as follows (in thousands):

.


As of September 29, 2023 12 Months Ended		Operating Leases				Finance Leases
September 2024		$	5,957			$	171
September 2025			5,630				85
September 2026			4,987				—
September 2027			5,319				—
September 2028			5,381				—
Thereafter			18,105				—
Total future minimum lease payments		$	45,379			$	256
Less amounts representing interest			(9,733	)			(8	)
Total lease liability		$	35,646			$	248