Lessee, Leases [Text Block] |
We lease certain of our facilities, equipment and vehicles under non-cancelable operating and finance leases. Leases with initial terms with 12 months or less are not recorded on the condensed consolidated balance sheet, but we recognized those lease payments in the condensed consolidated statements of operations on a straight-line basis over the lease term. Lease and non-lease components are included in the calculation of the ROU asset and lease liabilities. Our leases have remaining lease terms of 1 year to 38 years, some of which include one or more options to extend the leases for up to 25 years. Our lease term includes renewal terms when we are reasonably certain we will exercise the renewal options. We sublease certain leased assets to third parties, mainly as a result of unused space in our facilities. Supplemental balance sheet information related to leases was as follows: | Classification | | September 28, 2019 | | | | | | | | Operating lease assets | Operating lease right-of-use assets | | $ | 34,096 | | Finance lease assets | Property, plant and equipment, net (1) | | | 2,482 | | | | $ | 36,578 | | | | | | | | Current | | | | | | Operating | Other accrued liabilities | | $ | 5,358 | | Finance | Other accrued liabilities | | | 2,528 | | Noncurrent | | | | | | Operating | Long-term lease liabilities | | | 29,397 | | | | $ | 37,283 | | | | | | | | Weighted-average remaining lease term (years) | | | | | | | | 7.9 | | | | | 0.8 | | | | | | | | Weighted-average discount rate | | | | | | | | 6.3 | % | | | | 4.5 | % | | | Finance lease assets are recorded net of accumulated amortization of $0.1 million. | The components of lease expense were as follows: | | Three Months Ended | | | Nine Months Ended | | | | | | | | | | | $ | 2,142 | | | $ | 6,381 | | Variable lease expense | | | 570 | | | | 1,765 | | Short-term operating leases | | | 80 | | | | 224 | | Finance leases | | | | | | | | | Amortization of leased assets | | | 20 | | | | 82 | | Interest on lease liabilities | | | 29 | | | | 117 | | Sublease income | | | (31 | ) | | | (101 | ) | Net lease cost | | $ | 2,810 | | | $ | 8,468 | | | | Operating lease cost excludes impairment expense of $0.2 million related to the write-down of the Fontana facility right-of-use asset. | Future minimum lease payments at September 28, 2019, are as follows: | | Operating | | | Finance | | | | | | | | | | | | | | | | 2019 | | $ | 1,709 | | | $ | 37 | | | $ | 1,746 | | 2020 | | | 7,133 | | | | 2,576 | | | | 9,709 | | 2021 | | | 5,816 | | | | - | | | | 5,816 | | 2022 | | | 5,369 | | | | - | | | | 5,369 | | 2023 | | | 4,940 | | | | - | | | | 4,940 | | Thereafter | | | 21,007 | | | | - | | | | 21,007 | | Total lease payments | | | 45,974 | | | | 2,613 | | | | 48,587 | | Less: Interest | | | (11,219 | ) | | | (85 | ) | | | (11,304 | ) | Present value of lease liabilities | | $ | 34,755 | | | $ | 2,528 | | | $ | 37,283 | | | | Excludes sublease income of million in both 2020 and 2021. | Supplemental cash flow information related to leases was as follows: | | Nine Months Ended | | | | | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | Operating cash flows from operating leases | | $ | 5,153 | | Operating cash flows from finance leases | | $ | 109 | | Financing cash flows from finance leases | | $ | 25 | | Leased assets obtained in exchange for new operating lease liabilities | | $ | 39,815 | |
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