Lease Commitments (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Summary of Lease Costs, Weighted Average Remaining Lease Term, Discount Rate and Supplemental Cash Flow Information for All Operating Leases

Lease costs for the quarter and two quarters ended June 30, 2023 and July 1, 2022 were as follows:

	For the Quarter Ended				For the Two Quarters Ended
(amounts in thousands)	June 30, 2023		July 1, 2022		June 30, 2023		July 1, 2022
Operating lease costs	$	1,835	$	1,625	$	3,650	$	3,447
Variable lease costs		108		84		212		173
Short-term lease costs		135		111		259		212

The weighted average remaining lease terms and discount rates for all operating leases as of June 30, 2023 and July 1, 2022 were as follows:

	June 30, 2023			July 1, 2022
Weighted average remaining lease term (years)		5.39			5.79
Weighted average remaining discount rate		2.39	%		2.34	%

Supplemental cash flow information related to the Company’s operating leases for the 2023 year-to-date period is as follows:

(amounts in thousands)	June 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflow from operating leases	$	3,650
Right-of-use assets obtained in exchange for new operating lease liabilities		2,127

Summary of Maturities of Lease Liabilities for Operating Liabilities

Maturities for the Company’s lease liabilities for all operating leases as of June 30, 2023 are as follows:

	Total
Year	Operating Leases
(amounts in thousands)
2023 (remaining)	$	3,235
2024		5,129
2025		3,888
2026		2,727
2027		1,545
2028 & thereafter		3,843
Total undiscounted operating lease payments		20,367
Less: Interest		(1,097	)
Total present value of operating lease liabilities	$	19,270