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Leases (Tables)
3 Months Ended
Mar. 29, 2019
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Finance Leases Supplemental balance sheet information related to finance leases was as follows (dollars in thousands):

 

 

 

March 29, 2019

 

Machinery and equipment

 

$

2,121

 

Furniture and fixtures

 

 

1,123

 

Leasehold improvements

 

 

27

 

Finance lease right-of-use assets, gross

 

 

3,271

 

Less accumulated depreciation

 

 

826

 

Finance lease right-of-use assets, net

 

$

2,445

 

 

 

 

 

 

Total finance lease liability

 

$

1,814

 

Weighted-average remaining lease term (in years)

 

 

1.5

 

Weighted-average discount rate

 

 

6.63

%

Supplemental Cash Flow Information Related to Finance Leases

Supplemental cash flow information related to finance leases was as follows (dollars in thousands):

 

 

 

Three Months Ended

 

 

 

March 29,

2019

 

Amortization of finance lease right-of-use asset

 

$

161

 

Interest on finance lease liabilities

 

 

19

 

Cash paid for amounts included in the measurement of finance lease liabilities:

 

 

 

 

Operating cash flows

 

 

19

 

Financing cash flows

 

 

365

 

Right-of-use assets obtained in exchange for new finance lease liabilities

 

 

642

 

Supplemental Balance Sheet Information Related to Operating Leases Supplemental balance sheet information related to operating leases was as follows (dollars in thousands):

Note 8 – Leases (Continued)

Operating Leases (Continued)

 

 

March 29, 2019

 

Machinery and equipment

$

734

 

Furniture and fixtures

 

462

 

Real property

 

9,370

 

Operating lease right-of-use assets, gross

 

10,566

 

Less accumulated depreciation

 

3,937

 

Operating lease right-of-use assets, net

$

6,629

 

 

 

 

 

Total operating lease liability

$

6,765

 

Weighted-average remaining lease term (in years)

 

2.5

 

Weighted-average discount rate

 

1.83

%

Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases was as follows (dollars in thousands):

 

 

 

Three Months Ended

 

 

 

March 29,

2019

 

Operating lease cost

 

$

611

 

Cash paid for amounts included in the measurement of operating lease liabilities:

 

 

 

 

Operating cash flows

 

 

601

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

1,464

 

Schedule of Estimated Future Minimum Lease Payments under Operating and Finance Leases Having Initial or Remaining Non-Cancelable Lease Terms More Than One Year

Estimated future minimum lease payments under operating and finance leases having initial or remaining non-cancelable lease terms more than one year as of March 29, 2019 and December 28, 2018 are as follows (in thousands):

 

As of March 29, 2019

12 Months Ended

 

Operating Leases

 

 

Finance Leases

 

March 2020

 

$

2,663

 

 

$

1,221

 

March 2021

 

 

2,237

 

 

 

572

 

March 2022

 

 

1,042

 

 

 

110

 

March 2023

 

 

779

 

 

 

 

March 2024

 

 

349

 

 

 

 

Thereafter

 

 

7

 

 

 

 

Total minimum lease payments, including interest

 

$

7,077

 

 

$

1,903

 

Less amounts representing interest

 

 

312

 

 

 

89

 

Total minimum lease payments

 

$

6,765

 

 

$

1,814

 

 

As of December 28, 2018

12 Months Ended

 

Operating Leases

 

 

Finance Leases

 

December 2019

 

$

2,606

 

 

$

1,153

 

December 2020

 

 

2,202

 

 

 

332

 

December 2021

 

 

980

 

 

 

143

 

December 2022

 

 

507

 

 

 

4

 

December 2023

 

 

202

 

 

 

 

Thereafter

 

 

12

 

 

 

 

Total minimum lease payments, including interest

 

 

6,509

 

 

 

1,632

 

Less amounts representing interest

 

 

 

 

 

75

 

Total minimum lease payments

 

$

6,509

 

 

$

1,557