Lease Commitments (Tables)

6 Months Ended

Jul. 01, 2022

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 July 1, 2022 and July 2, 2021 were as follows:

	For the Quarter Ended				For the Two Quarters Ended
(amounts in thousands)	July 1, 2022		July 2, 2021		July 1, 2022		July 2, 2021
Operating lease costs	$	1,625	$	2,080	$	3,447	$	3,883
Variable lease costs		84		80		173		210
Short-term lease costs		111		85		212		219

The weighted average remaining lease terms and discount rates for all operating leases as of July 1, 2022 and July 2, 2021 were as follows:

	July 1, 2022			July 2, 2021
Weighted average remaining lease term (years)		5.79			6.23
Weighted average remaining discount rate		2.34	%		2.12	%

Supplemental cash flow information related to the Company’s operating leases for the 2022 year-to-date period is as follows:

(amounts in thousands)	July 1, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflow from operating leases	$	3,447
Right-of-use assets obtained in exchange for new operating lease liabilities		1,013

Summary of Maturities of Lease Liabilities for Operating Liabilities

Maturities for the Company’s lease liabilities for all operating leases as of July 1, 2022 are as follows:

	Total
Year	Operating Leases
(amounts in thousands)
2022 (remaining)	$	3,184
2023		4,978
2024		3,507
2025		2,384
2026		1,695
2027 & thereafter		4,386
Total undiscounted operating lease payments		20,134
Less: Interest		(1,266	)
Total present value of operating lease liabilities	$	18,868