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Leases | 9 Months Ended
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Oct. 02, 2021
Leases [Abstract] |
Leases | Note 10: Leases The Company accounts for leases in accordance with ASC 842. The amount recorded is the present value of all remaining lease payments for leases with terms greater than 12 months. The right of use asset is offset by a corresponding liability. The discount rate is based on an estimate of our incremental borrowing rate for terms similar to our lease terms at the time of lease commencement. The asset will be amortized over remaining lease terms. See Lease Accounting in Note 2. Total present value of lease payments as of October 2, 2021:
Remainder 2021 |  | $ | 442 |
2022 |  |  | 1,390 |
2023 |  |  | 953 |
2024 |  |  | 684 |
2025 |  |  | 362 |
2026 |  |  | 210 |
Total |  |  | 4,041 |
Less Interest |  |  | (485 | )
Present Value of Payments |  | $ | 3,556 |
During the 39 weeks ended October 2, 2021 and September 26, 2020, approximately $1.1 million and $965,000, respectively, was included in operating cash flow for amounts paid for operating leases. Additionally, the Company obtained right-of-use assets in exchange for lease liabilities of approximately $1.8 million upon commencement of new and renewed operating leases during the 39 weeks ended October 2, 2021. The weighted average lease term for operating leases is 3.2 years and the weighted average discount rate is 8%.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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