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Leases
 3 Months Ended
Mar. 27, 2021
Leases [Abstract]  
Leases LEASES
COVID-19 Pandemic
In response to the large volume of anticipated lease concessions to be granted related to the effects of the COVID-19 pandemic, and the resulting expected cost and complexity of applying the lease modification requirements in ASC 842, the FASB issued Staff Q&A-Topic 842 and Topic 840: Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic, in April 2020 as interpretive guidance to provide clarity in response to the crisis. The FASB staff indicated that it would be acceptable for entities to make an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how they would be accounted for as though enforceable rights and obligations for those concessions existed in the original contract. Consequently, for such lease concessions, an entity will not need to reassess each existing contract to determine whether enforceable rights and obligations for concessions exist and an entity can then elect to apply or not to apply the lease modification guidance in ASC 842 to those contracts. This election is available for concessions related to the effects of the COVID-19 pandemic that will result in the total payments required by the modified contract being substantially the same as or less than total payments required by the original contract.
The Company has made this election and, consequently, for such lease concessions, did not reassess each existing contract to determine whether enforceable rights and obligations for concessions existed and elected not to apply the lease modification guidance in ASC 842 to those contracts. The Company has accounted for the concessions as if no changes to the lease contract were made and has subsequently increased accounts payable and has continued to recognize expense during the deferral period.

Balance sheet information related to right-of-use assets and liabilities is as follows:
Balance Sheet LocationMarch 27, 2021December 26, 2020
Operating Leases:
Operating lease right-of-use assetsOperating lease right-of-use assets$21,197 $22,074 
Current portion of operating lease liabilitiesCurrent portion of operating lease liabilities3,313 3,323 
Noncurrent portion of operating lease liabilitiesOperating lease liabilities18,569 19,404 
Total operating lease liabilities$21,882 $22,727 
Finance Leases:
Finance lease right-of-use assets (1)
Property, plant, and equipment, net$13,630 $14,332 
Current portion of finance lease liabilities (1)
Current portion of long-term debt2,423 2,771 
Noncurrent portion of finance lease liabilities (1)
Long-term debt13,734 14,167 
$16,157 $16,938 
(1) Includes leases classified as failed sale-leaseback transactions.
Lease cost recognized in the consolidated condensed financial statements is summarized as follows:
Three Months Ended
March 27, 2021March 28, 2020
Operating lease cost$1,468 $1,292 
Finance lease cost:
     Amortization of lease assets (1)702 790 
     Interest on lease liabilities (1)391 343 
Total finance lease costs (1)$1,093 $1,133 
(1) Includes leases classified as failed sale-leaseback transactions.


Other supplemental information related to leases is summarized as follows:
March 27, 2021March 28, 2020
Weighted average remaining lease term (in years):
     Operating leases7.608.27
     Finance leases (1)12.7911.35
Weighted average discount rate:
     Operating leases6.92 %6.98 %
     Finance leases (1)9.50 %7.27 %
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases1,231 1,228 
     Operating cash flows from finance leases (1)391 343 
     Financing cash flows from finance leases (1)781 1,151 
(1) Includes leases classified as failed sale-leaseback transactions.

The following table summarizes the Company's future minimum lease payments under non-cancellable contractual obligations for operating and financing liabilities as of March 27, 2021:

Fiscal YearOperating LeasesFinance Leases
20213,551 3,115 
20224,198 2,782 
20233,251 3,409 
20242,940 1,045 
20252,969 1,053 
Thereafter11,561 14,985 
Total future minimum lease payments (undiscounted)28,470 26,389 
Less: Present value discount6,588 10,232 
Total lease liability21,882 16,157