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Leases
3 Months Ended
Mar. 30, 2019
Leases  
Leases

7. Leases

 

The Company leases certain facilities under operating lease agreements that expire at various dates through 2027. Some of these arrangements contain renewal options and require the Company to pay taxes, insurance and maintenance costs. Lease costs under operating leases were $1.5 million during the three months ended March 30, 2019.

 

Supplemental Lease Information

 

Balance Sheet Information (in thousands)

 

March 30,
2019

 

Operating lease right-of-use assets

 

$

19,374

 

Operating lease liabilities

 

$

21,096

 

 

 

 

Three Months
Ended

 

Cash Flow Information (in thousands)

 

March 30,
2019

 

Cash paid for operating lease liabilities

 

$

1,671

 

Right-of-use assets obtained in exchange for operating lease obligations

 

$

2,488

 

 

Operating Lease Information

 

March 30, 2019

 

Weighted-average remaining lease term

 

5.0 years

 

Weighted-average discount rate

 

5.22%

 

 

The maturities of operating lease liabilities as of March 30, 2019 were as follows (in thousands):

 

Fiscal Year

 

 

 

2019

 

$

4,406

 

2020

 

5,531

 

2021

 

4,401

 

2022

 

3,656

 

2023

 

3,022

 

Thereafter

 

3,609

 

Total lease payments

 

24,625

 

Less imputed interest

 

(3,529

)

Total lease liabilities

 

$

21,096