LEASES LEASES

3 Months Ended

Sep. 26, 2020

Leases [Abstract]

LESSEE, OPERATING LEASES

Leases

The Company has several commitments under operating leases for warehouses, manufacturing facilities, office buildings, and equipment with initial terms that expire at various dates during the next 1 year to 11 years.

The components of lease cost for the three months ended September 26, 2020 were (in thousands): 

Lease cost	Classification	Three Months Ended
Operating lease cost	Cost of sales	$	1,164
Operating lease cost	Selling, general and administrative expenses	338
Total lease cost		$	1,502

Amounts reported in the Consolidated Balance Sheet as of September 26, 2020 were (in thousands, except weighted average lease term and discount rate):

	September 26, 2020
Operating Leases:
Operating lease right of use assets	$	16,370
Operating lease liabilities (1)	16,050
Weighted-average remaining lease term (in years)
Operating leases	6.54
Weighted-average discount rate
Operating leases	4.1		%

(1) The current portion of the total operating lease liabilities of $4.5 million is classified under Other Current Liabilities, resulting in $11.5 million classified under Operating Lease Liabilities in the Long-term Liabilities section of the condensed consolidated balance sheet.

Other information related to leases was as follows (in thousands):

	Three Months Ended
	September 26, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,198

Future lease payments under non-cancellable leases as of September 26, 2020 are as follows (in thousands):

Fiscal Years Ending	Operating Leases
2021 (1)	$	3,073
2022	3,373
2023	2,598
2024	2,004
2025	1,894
Thereafter	5,673
Total undiscounted lease payments	18,615
Less: present value discount	(2,565)
Total lease liabilities	$	16,050

(1) Represents estimated lease payments for the remaining nine-month period ending July 3, 2021.