Leases (Tables)

6 Months Ended

Jul. 03, 2022

Leases [Abstract]

Schedule of Lease Costs

The components of lease expense are as follows:

	Three Months Ended July 3, 2022		Six Months Ended July 3, 2022
Operating lease cost	$	13	$	26
Finance lease cost:
Amortization of assets	495		842
Interest on lease liabilities	234		322
Variable lease cost	—		—
Total net lease cost	$	742	$	1,190

Supplemental cash flow information related to leases are as follows:

	Six Months Ended July 3, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	$	12
Operating cash flows used for finance leases	234
Financing cash flows used for finance leases	416
Right of use assets obtained in exchange for lease liabilities:
Operating leases	184
Finance leases	9,126

The weighted average remaining lease term and weighted average discount rates related to leases are as follows:

	July 3, 2022
Weighted average remaining lease term:
Operating leases	3.5 years
Finance leases	13.4 years
Weighted average discount rate:
Operating leases	4.8%
Finance leases	8.5%

Schedule of Balance Sheet Lease Information

Supplemental balance sheet information related to leases is as follows:

Leases	Classification	July 3, 2022
Assets
Operating lease right-of-use assets	Other assets	$	163
Finance lease right-of-use assets	Property and equipment, net	10,630
Total lease right-of-use assets		$	10,793
Operating lease liabilities
Current portion of operating lease liabilities	Accrued expenses	$	42
Operating lease liabilities, excluding current portion	Other long-term liabilities	122
Total operating lease liabilities		164
Finance lease liabilities
Current portion of finance lease liabilities	Accrued expenses	1,306
Finance lease liabilities, excluding current portion	Other long-term liabilities	9,489
Total finance lease liabilities		10,795
Total lease liabilities		$	10,959

Schedule of Maturities of Operating Lease Liabilities

Future minimum lease commitments to Oxbow Realty as of July 3, 2022 were as follows (such amounts are eliminated from our condensed consolidated financial statements due to the consolidation of Oxbow Realty, see Note 14 – Variable Interest Entities):

Remainder of 2022	$	2,426
2023	4,932
2024	5,031
2025	5,132
2026	5,234
Thereafter	84,116
Total lease payments	106,871
Less: imputed interest	(79,382)
Total	$	27,489

Future maturities of lease liabilities as of July 3, 2022 are as follows:

Fiscal Year	Operating Leases		Finance Leases		Total
Remainder of 2022	$	24	$	1,288	$	1,312
2023	50		1,458		1,508
2024	51		1,234		1,285
2025	54		1,155		1,209
2026	—		1,157		1,157
Thereafter	—		11,977		11,977
Total lease payments	179		18,269		18,448
Less imputed interest	(15)		(7,474)		(7,489)
Total lease liabilities	$	164	$	10,795	$	10,959

Schedule of Maturities of Finance Lease Liabilities

Future maturities of lease liabilities as of July 3, 2022 are as follows:

Fiscal Year	Operating Leases		Finance Leases		Total
Remainder of 2022	$	24	$	1,288	$	1,312
2023	50		1,458		1,508
2024	51		1,234		1,285
2025	54		1,155		1,209
2026	—		1,157		1,157
Thereafter	—		11,977		11,977
Total lease payments	179		18,269		18,448
Less imputed interest	(15)		(7,474)		(7,489)
Total lease liabilities	$	164	$	10,795	$	10,959