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LEASES | 6 Months Ended
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Jan. 01, 2022
Leases [Abstract] |
LESSEE, OPERATING LEASES | Leases The Company has several commitments under operating and financing leases for warehouses, manufacturing facilities, office buildings, and equipment with initial terms that expire at various dates during the next 1 year to 10 years. The components of lease cost for the three and six months ended January 1, 2022 were (in thousands):
Lease cost | Classification | Three Months Ended |  | Six Months Ended
Operating lease cost | Cost of sales | $ | 1,598 |  |  | $ | 3,031 |
Operating lease cost | Selling, general and administrative expenses | $ | 250 |  |  | 558 |
Financing lease cost | Cost of sales | $ | 617 |  |  | $ | 1,051 |
Financing lease cost | Selling, general and administrative expenses | $ | 17 |  |  | $ | 27 |
Total lease cost |  | $ | 2,482 |  |  | $ | 4,667 |
Fixed lease cost |  | $ | 2,081 |  |  | $ | 3,858 |
Short-term lease cost |  | $ | 401 |  |  | $ | 809 |
Total lease cost |  | $ | 2,482 |  |  | $ | 4,667 |
Amounts reported in the Consolidated Balance Sheet as of January 1, 2022 were (in thousands, except weighted average lease term and discount rate):
|  | January 1, 2022
Operating Leases: |  |
Operating lease right of use assets |  | $ | 19,068 |
Operating lease liabilities (1) |  | $ | 19,027 |
Weighted-average remaining lease term (in years) |  |
Operating leases |  | 5.50
Weighted-average discount rate |  |
Operating leases |  | 4.0 | %
Financing Leases (2): |  |
Financing lease right of use assets |  | $ | 6,656 |
Financing lease liabilities |  | $ | 5,973 |
Weighted-average remaining lease term (in years) |  |
Financing leases |  | 2.64
Weighted-average discount rate |  |
Financing leases |  | 8.7 | %
(1) The current portion of the total operating lease liabilities of $5.4 million is classified under Other Current Liabilities, resulting in $13.7 million classified under Operating Lease Liabilities in the Long-term Liabilities section of the condensed consolidated balance sheet. (2) The total finance lease right of use assets of $6.7 million is classified under Other Long-term Assets. The current portion of the total finance lease liabilities of $2.8 million is classified under Current portion of debt, net, resulting in $3.1 million classified in Other Long-term Liabilities section of the condensed consolidated balance sheet. Other information related to leases was as follows (in thousands):
|  | Three Months Ended |  | Six Months Ended
|  | January 1, 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 478 |  |  | $ | 1,924 |
Financing cash flows used in financing leases |  | $ | 676 |  |  | $ | 1,077 |
Future lease payments under non-cancellable leases as of January 1, 2022 are as follows (in thousands):
Fiscal Years Ending |  | Operating Leases |  | Finance Leases
2022 (1) |  | $ | 2,839 |  |  | $ | 1,412 |
2023 |  | 4,666 |  |  | 2,825 |
2024 |  | 3,811 |  |  | 2,496 |
2025 |  | 3,462 |  |  | 92 |
2026 |  | 2,667 |  |  | — |
Thereafter |  | 4,521 |  |  | — |
Total undiscounted lease payments |  | 21,966 |  |  | 6,825 |
Less: present value discount |  | (2,939) |  |  | (852) |
Total lease liabilities |  | $ | 19,027 |  |  | $ | 5,973 |
(1) Represents estimated lease payments for the remaining six-month period ending July 2, 2022.

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- References No definition available. + Details
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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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