Leases

9 Months Ended

Oct. 01, 2022

Leases [Abstract]

Leases

Note 4 – Leases

The net right of use assets and lease liabilities recognized on the consolidated condensed balance sheets for the Company's operating leases were as follows:

	October 1, 2022		December 31, 2021
Right of use assets
Operating Leases
Buildings and improvements	$	114,620	$	112,951
Machinery and equipment		4,056		4,684
Total	$	118,676	$	117,635
Current lease liabilities
Operating Leases
Buildings and improvements	$	21,395	$	20,851
Machinery and equipment		2,255		2,541
Total	$	23,650	$	23,392
Long-term lease liabilities
Operating Leases
Buildings and improvements	$	94,023	$	97,890
Machinery and equipment		1,724		2,097
Total	$	95,747	$	99,987
Total lease liabilities	$	119,397	$	123,379

Lease expense is classified in the statements of operations based on asset use.  Total lease cost recognized on the consolidated condensed statements of operations is as follows:

	Fiscal quarters ended				Nine fiscal months ended
	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Lease expense
Operating lease expense	$	6,258	$	6,170	$	19,014	$	18,570
Short-term lease expense		212		691		752		1,444
Variable lease expense		119		97		219		290
Total lease expense	$	6,589	$	6,958	$	19,985	$	20,304

The Company paid $18,062 and $18,000 for its operating leases in the nine fiscal months ended October 1, 2022 and October 2, 2021, respectively, which are included in operating cash flows on the consolidated condensed statements of cash flows.  The weighted-average remaining lease term for the Company's operating leases is 8.4 years and the weighted-average discount rate is 5.4% as of October 1, 2022.

The undiscounted future lease payments for the Company's operating lease liabilities are as follows:

	October 1, 2022
2022 (excluding the nine fiscal months ended October 1, 2022)	$	5,928
2023		23,302
2024		21,174
2025		18,072
2026		16,004
Thereafter		60,917

The undiscounted future lease payments presented in the table above include payments through the term of the lease, which may include periods beyond the noncancellable term.  The difference between the total payments above and the lease liability balance is due to the discount rate used to calculate lease liabilities.