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LEASES | 9 Months Ended
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Apr. 02, 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 nine months ended April 2, 2022 were (in thousands):
Lease cost | Classification | Three Months Ended |  | Nine Months Ended
Operating lease cost | Cost of sales | $ | 1,645 |  |  | $ | 4,676 |
Operating lease cost | Selling, general and administrative expenses | $ | 184 |  |  | 742 |
Financing lease cost | Cost of sales | $ | 271 |  |  | $ | 1,322 |
Financing lease cost | Selling, general and administrative expenses | $ | 7 |  |  | $ | 34 |
Total lease cost |  | $ | 2,107 |  |  | $ | 6,774 |
Fixed lease cost |  | $ | 1,717 |  |  | $ | 5,575 |
Short-term lease cost |  | $ | 390 |  |  | $ | 1,199 |
Total lease cost |  | $ | 2,107 |  |  | $ | 6,774 |
Amounts reported in the Consolidated Balance Sheet as of April 2, 2022 were (in thousands, except weighted average lease term and discount rate):
|  | April 2, 2022
Operating Leases: |  |
Operating lease right of use assets |  | $ | 17,838 |
Operating lease liabilities (1) |  | $ | 17,796 |
Weighted-average remaining lease term (in years) |  |
Operating leases |  | 5.39
Weighted-average discount rate |  |
Operating leases |  | 4.0 | %
Financing Leases (2): |  |
Financing lease right of use assets |  | $ | 9,698 |
Financing lease liabilities |  | $ | 8,757 |
Weighted-average remaining lease term (in years) |  |
Financing leases |  | 2.69
Weighted-average discount rate |  |
Financing leases |  | 8.5 | %
(1) The current portion of the total operating lease liabilities of $5.4 million is classified under Other Current Liabilities, resulting in $12.4 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 $9.7 million is classified under Other Long-term Assets. The current portion of the total finance lease liabilities of $3.9 million is classified under Current portion of debt, net, resulting in $4.8 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 |  | Nine Months Ended
|  | April 2, 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 1,230 |  |  | $ | 3,154 |
Financing cash flows used in financing leases |  | $ | 1,484 |  |  | $ | 2,561 |
Future lease payments under non-cancellable leases as of April 2, 2022 are as follows (in thousands):
Fiscal Years Ending |  | Operating Leases |  | Finance Leases
2022 (1) |  | $ | 1,419 |  |  | $ | 991 |
2023 |  | 4,666 |  |  | 3,965 |
2024 |  | 3,811 |  |  | 3,637 |
2025 |  | 3,462 |  |  | 630 |
2026 |  | 2,667 |  |  | 107 |
Thereafter |  | 4,521 |  |  | 72 |
Total undiscounted lease payments |  | 20,546 |  |  | 9,402 |
Less: present value discount |  | (2,750) |  |  | (645) |
Total lease liabilities |  | $ | 17,796 |  |  | $ | 8,757 |
(1) Represents estimated lease payments for the remaining three-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 https://asc.fasb.org/subtopic&trid=77888251 + Details
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