Capital Leases

On April 3, 2017, in connection with the purchase of Lexington Homes, the Company recorded capital leases covering manufacturing facilities and land in Lexington, Mississippi. The following amounts were recorded for the leased assets as of March 30, 2019 and March 31, 2018 (in thousands):



	March 30, 2019			March 31, 2018
Land	$	699		$	699
Buildings and improvements	1,050			1,050
	1,749			1,749
Accumulated amortization	(70		)	(35		)
Leased assets, net	$	1,679		$	1,714

The future minimum payments under the leases for future fiscal years is as follows (in thousands):



2020	$	766
2021	73
2022	73
2023	73
2024	73
Thereafter	123
Total remaining lease payments	$	1,181
Less: Amount representing interest	(106		)
Present value of future minimum lease payments	$	1,075