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Note 5 - Leases | 6 Months Ended
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Jun. 28, 2025
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | Note 5 – Leases The Company primarily leases office and manufacturing facilities in addition to vehicles, which have remaining terms ranging from less than one year to eleven years, four months. The Company has no finance leases. Leases recorded on the balance sheet consist of the following (in thousands):
Leases |  | June 28, 2025 |  |  | December 31, 2024 |
Assets |  |  |  |  |  |  |  |
Operating lease right of use asset |  | $ | 23,113 |  |  | $ | 24,316 |
Liabilities |  |  |  |  |  |  |  |
Operating lease - current |  | $ | 4,321 |  |  | $ | 3,998 |
Operating lease - non-current |  | $ | 19,212 |  |  | $ | 19,928 |
Other information related to lease term and discount rate is as follows:
|  | June 28, 2025 |
Operating leases weighted average remaining lease term (in years) |  |  | 6.65 |
Operating leases weighted average discount rate |  |  | 4.95 | %
The components of lease expense are as follows (in thousands):
|  | Fiscal Quarter Ended |  |  | Six Fiscal Months Ended |
|  | June 28, 2025 |  |  | June 29, 2024 |  |  | June 28, 2025 |  |  | June 29, 2024 |
Operating lease cost |  | $ | 1,344 |  |  | $ | 1,321 |  |  | $ | 2,675 |  |  | $ | 2,704 |
Short-term lease cost |  |  | 15 |  |  |  | 7 |  |  |  | 39 |  |  |  | 25 |
Sublease income |  |  | (131 | ) |  |  | (111 | ) |  |  | (248 | ) |  |  | (224 | )
Total net lease cost |  | $ | 1,228 |  |  | $ | 1,217 |  |  | $ | 2,466 |  |  | $ | 2,505 |
Right of use assets obtained in exchange for new operating lease liability during the six fiscal months ended June 28, 2025 were $0.5 million. The Company paid $2.7 million for its operating leases for each of the six fiscal months ended June 28, 2025 and June 29, 2024, which are included in operating cash flows on the consolidated condensed statements of cash flows. Undiscounted maturities of operating lease payments as of June 28, 2025 are summarized as follows (in thousands):
2025 |  | $ | 2,715 |
2026 |  |  | 4,502 |
2027 |  |  | 3,934 |
2028 |  |  | 3,629 |
2029 |  |  | 3,536 |
Thereafter |  |  | 9,180 |
Total future minimum lease payments |  | $ | 27,496 |
Less: amount representing interest |  |  | (3,963 | )
Present value of future minimum lease payments |  | $ | 23,533 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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