LEASES (Tables)

6 Months Ended

Jan. 01, 2022

Leases [Abstract]

Lease, Cost

The components of lease cost for the three and six months ended January 1, 2022 were (in thousands): 

Lease cost	Classification	Three Months Ended		Six Months Ended
Operating lease cost	Cost of sales	$	1,598	$	3,031
Operating lease cost	Selling, general and administrative expenses	$	250	558
Financing lease cost	Cost of sales	$	617	$	1,051
Financing lease cost	Selling, general and administrative expenses	$	17	$	27
Total lease cost		$	2,482	$	4,667
Fixed lease cost		$	2,081	$	3,858
Short-term lease cost		$	401	$	809
Total lease cost		$	2,482	$	4,667

Assets and Liabilities, Lessee

Amounts reported in the Consolidated Balance Sheet as of January 1, 2022 were (in thousands, except weighted average lease term and discount rate):

	January 1, 2022
Operating Leases:
Operating lease right of use assets	$	19,068
Operating lease liabilities (1)	$	19,027
Weighted-average remaining lease term (in years)
Operating leases	5.50
Weighted-average discount rate
Operating leases	4.0		%
Financing Leases (2):
Financing lease right of use assets	$	6,656
Financing lease liabilities	$	5,973
Weighted-average remaining lease term (in years)
Financing leases	2.64
Weighted-average discount rate
Financing leases	8.7		%

(1) The current portion of the total operating lease liabilities of $5.4 million is classified under Other Current Liabilities, resulting in $13.7 million classified under Operating Lease Liabilities in the Long-term Liabilities section of the condensed consolidated balance sheet.

(2) The total finance lease right of use assets of $6.7 million is classified under Other Long-term Assets. The current portion of the total finance lease liabilities of $2.8 million is classified under Current portion of debt, net, resulting in $3.1 million classified in Other Long-term Liabilities section of the condensed consolidated balance sheet.

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

	Three Months Ended		Six Months Ended
	January 1, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	478	$	1,924
Financing cash flows used in financing leases	$	676	$	1,077

Lessee, Operating Lease, Liability, Maturity

Future lease payments under non-cancellable leases as of January 1, 2022 are as follows (in thousands):

Fiscal Years Ending	Operating Leases		Finance Leases
2022 (1)	$	2,839	$	1,412
2023	4,666		2,825
2024	3,811		2,496
2025	3,462		92
2026	2,667		—
Thereafter	4,521		—
Total undiscounted lease payments	21,966		6,825
Less: present value discount	(2,939)		(852)
Total lease liabilities	$	19,027	$	5,973

(1) Represents estimated lease payments for the remaining six-month period ending July 2, 2022.