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Leases (Tables)
3 Months Ended
Apr. 03, 2020
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Finance Leases Supplemental balance sheet information related to finance leases consisted of the following (dollars in thousands):

 

 

 

April 3, 2020

 

 

January 3, 2020

 

Machinery and equipment

 

$

568

 

 

$

1,885

 

Computer equipment and software

 

 

883

 

 

 

912

 

Furniture and fixtures

 

 

 

 

 

102

 

Leasehold improvements

 

 

 

 

 

27

 

Finance lease right-of-use assets, gross

 

 

1,451

 

 

 

2,926

 

Less accumulated depreciation

 

 

734

 

 

 

1,059

 

Finance lease right-of-use assets, net

 

$

717

 

 

$

1,867

 

 

 

 

 

 

 

 

 

 

Total finance lease liability

 

$

689

 

 

$

926

 

Weighted-average remaining lease term (in years)

 

 

1.0

 

 

 

1.1

 

Weighted-average discount rate

 

 

6.02

%

 

 

6.17

%

 

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

 

 

 

April 3, 2020

 

 

March 29, 2019

 

Amortization of finance lease right-of-use asset

 

$

117

 

 

$

161

 

Interest on finance lease liabilities

 

 

10

 

 

 

19

 

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

 

 

 

 

 

 

 

 

Operating cash flows

 

 

10

 

 

 

19

 

Financing cash flows

 

 

236

 

 

 

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 consisted of the following (dollars in thousands):

 

 

 

April 3, 2020

 

 

January 3, 2020

 

Machinery and equipment

 

$

781

 

 

$

765

 

Computer equipment and software

 

 

462

 

 

 

462

 

Real property

 

 

11,089

 

 

 

11,116

 

Operating lease right-of-use assets, gross

 

 

12,332

 

 

 

12,343

 

Less accumulated depreciation

 

 

6,294

 

 

 

5,659

 

Operating lease right-of-use assets, net

 

$

6,038

 

 

$

6,684

 

 

 

 

 

 

 

 

 

 

Total operating lease liability

 

$

6,143

 

 

$

6,786

 

Weighted-average remaining lease term (in years)

 

 

2.1

 

 

 

2.3

 

Weighted-average discount rate

 

 

1.63

%

 

 

1.82

%

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

 

 

 

April 3, 2020

 

 

March 29, 2019

 

Operating lease cost

 

$

740

 

 

$

611

 

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

 

 

 

 

 

 

 

 

Operating cash flows

 

 

738

 

 

 

601

 

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

 

 

69

 

 

 

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 April 3, 2020 is as follows (in thousands):

 

As of April 3, 2020

12 Months Ended

 

Operating Leases

 

 

Finance Leases

 

March 2021

 

$

2,660

 

 

$

580

 

March 2022

 

 

1,480

 

 

 

119

 

March 2023

 

 

1,219

 

 

 

8

 

March 2024

 

 

792

 

 

 

8

 

March 2025

 

 

236

 

 

 

 

Thereafter

 

 

29

 

 

 

 

Total minimum lease payments, including interest

 

$

6,416

 

 

$

715

 

Less amounts representing interest

 

 

273

 

 

 

26

 

Total minimum lease payments

 

$

6,143

 

 

$

689