(

) Leases

We have operating leases for certain equipment, office space and vehicles. We determine whether an arrangement is a lease at its inception if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Leases with an initial term of

months or less are

not

recorded on our consolidated balance sheet. Lease expense for operating leases with original terms of more than

months was

$337,000

and

$664,000

for the

three

- and

six

-month periods ended

March 28, 2020,

respectively.

Most of our leases include options to extend or terminate the leases which are exercised at our sole discretion. As most of our leases do

not

provide an implicit interest rate, we use our incremental borrowing rate as of the commencement date in determining the present value of lease payments.

Supplemental cash flow and non-cash information related to leases is as follows:

	Six Months Ended
(In thousands)	March 28, 2020
Cash paid for operating leases included in operating cash flows	$	672
Right-of-use assets obtained in exchange for new lease obligations		613

Supplemental balance sheet information related to leases is as follows:

(In thousands)	March 28, 2020
Right-of-use assets:
Other assets	$	1,950

Lease liabilities:
Accrued expenses		919
Other liabilities		1,019
Total operating lease liabilities	$	1,938

As of

March 28, 2020,

our operating leases had a weighted average remaining lease term of

2.4

years and a weighted average discount rate of

5.1%.

Aggregate future operating lease payments as of

March 28, 2020

are as follows:

(In thousands)
2020	$	983
2021		710
2022		257
2023		74
2024		22
Thereafter		-
Total future operating lease payments		2,046
Less: imputed interest		(108	)
Present value of lease liabilities	$	1,938