Note P - Lease Liabilities

3 Months Ended

Sep. 28, 2018

Notes to Financial Statements

Leases of Lessee Disclosure [Text Block]

P. Lease Liabilities

The Company leases certain office and warehouse space, as well as production and office equipment.

The components of lease expense were as follows:

	For the Quarter Ended
	September 28, 2018			September 29, 2017
Finance lease cost:
Amortization of right-of-use assets	$	1		$	1
Operating lease cost		880			633
Short-term lease cost		11			33
Variable lease cost		8			3
Total lease cost	$	900		$	670
Less: Sublease income		(16	)		(53	)
Net lease cost	$	884		$	617

Other information related to leases was as follows:

	For the Quarter Ended
	September 28, 2018			September 29, 2017
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	871		$	579
Operating cash flows from finance leases		1			1
Right-of-use-assets obtained in exchange for lease obligations:
Operating leases		12,127			280
Weighted average remaining lease term (years):
Operating leases		11.4			5.7
Finance lease		3.8			4.8
Weighted average discount rate:
Operating leases		7.6	%		6.5	%
Finance leases		4.0	%		4.0	%

Approximate future minimum rental commitments under non-cancellable lease as of

September 28, 2018

were as follows:

	Operating Leases			Finance Leases
2019	$	2,684		$	2
2020		3,115			3
2021		2,467			3
2022		1,969			3
2023		1,790			-
Thereafter		13,212			-
Total future lease payments		25,237			11
Less: Amount representing interest		(8,167	)		(1	)
Present value of future payments	$	17,070		$	10

The Company had

$17,071

and

$6,527

of operating lease right-of-use assets recorded in property, plant and equipment, net as of

September 28, 2018

and

June 30, 2018,

respectively. The Company had

$17,070

and

$6,527

of operating lease liabilities recorded in lease obligations as of

September 28, 2018

and

June 30, 2018,

respectively.