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Leases (Tables)
6 Months Ended
Jun. 28, 2019
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Finance Leases

 

 

 

June 28, 2019

 

Machinery and equipment

 

$

2,158

 

Furniture and fixtures

 

 

1,042

 

Leasehold improvements

 

 

27

 

Finance lease right-of-use assets, gross

 

 

3,227

 

Less accumulated depreciation

 

 

889

 

Finance lease right-of-use assets, net

 

$

2,338

 

 

 

 

 

 

Total finance lease liability

 

$

1,540

 

Weighted-average remaining lease term (in years)

 

 

1.4

 

Weighted-average discount rate

 

 

6.47

%

Supplemental Cash Flow Information Related to Finance Leases

Supplemental cash flow information related to finance leases consisted of the following (dollars in thousands):

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 28,

2019

 

June 28,

2019

 

Amortization of finance lease right-of-use asset

 

$

145

 

$

306

 

Interest on finance lease liabilities

 

 

22

 

 

41

 

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

 

 

 

 

 

 

 

Operating cash flows

 

 

22

 

 

41

 

Financing cash flows

 

 

316

 

 

681

 

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

 

 

37

 

 

679

 

Supplemental Balance Sheet Information Related to Operating Leases

Note 8 – Leases (Continued)

Operating Leases (Continued)

 

 

June 28, 2019

 

Machinery and equipment

$

757

 

Furniture and fixtures

 

462

 

Real property

 

10,552

 

Operating lease right-of-use assets, gross

 

11,771

 

Less accumulated depreciation

 

4,552

 

Operating lease right-of-use assets, net

$

7,219

 

 

 

 

 

Total operating lease liability

$

7,346

 

Weighted-average remaining lease term (in years)

 

2.6

 

Weighted-average discount rate

 

1.84

%

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

 

 

Six Months Ended

 

 

 

June 28,

2019

 

 

June 28,

2019

 

Operating lease cost

 

$

683

 

 

$

1,294

 

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

 

 

 

 

 

 

 

 

Operating cash flows

 

 

691

 

 

 

1,292

 

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

 

 

1,193

 

 

 

2,657

 

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 June 28, 2019 and December 28, 2018 are as follows (in thousands):

 

As of June 28, 2019

12 Months Ended

 

Operating Leases

 

 

Finance Leases

 

June 2020

 

$

2,916

 

 

$

1,009

 

June 2021

 

 

2,201

 

 

 

506

 

June 2022

 

 

1,115

 

 

 

78

 

June 2023

 

 

942

 

 

 

8

 

June 2024

 

 

440

 

 

 

6

 

Thereafter

 

 

2

 

 

 

 

Total minimum lease payments, including interest

 

$

7,616

 

 

$

1,607

 

Less amounts representing interest

 

 

270

 

 

 

67

 

Total minimum lease payments

 

$

7,346

 

 

$

1,540

 

 

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