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LEASED ASSETS (Tables)

6 Months Ended

Jun. 29, 2019

Leases [Abstract]

Schedule of right-of-use assets and related lease liabilities

The Company adopted the provisions of ASU 2016-02 using the effective date method on January 1, 2019 and recorded right-of-use assets equal to the present value of the contractual liability for future lease payments. The table below presents the right-of-use assets and related lease liabilities recognized on the condensed consolidated balance sheet as of June 29, 2019:

	Balance Sheet Line Item	June 29, 2019
Right-of-use assets	Other assets	$2,613
Operating lease liabilities	Trade accounts payable and
Current portion	accrued expenses	$585
Noncurrent portion	Lease liabilities	$2,028
Total operating lease liabilities		$2,613

Schedule of operating lease liabilities

The Company’s leases generally do not provide an implicit interest rate, and therefore the Company uses its incremental borrowing rate enumerated in its revolving line of credit (see Note 6) to determine the present value of its operating lease liabilities. The following table reconciles the undiscounted future minimum lease payments to the total operating lease liabilities recognized on the condensed consolidated balance sheet as of June 29, 2019:

Remainder of 2019	$293
2020	540
2021	508
2022	192
2023	160
Thereafter	1,760
Total undiscounted future minimum lease payments	3,453
Less: Difference between undiscounted lease payments & the present value of future lease payments	840
Total operating lease liabilities	$2,613

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Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

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