Operating Leases:

9 Months Ended

Sep. 26, 2020

Operating Leases:

Operating Leases:

11. Operating Leases:

As of September 26, 2020, the Company leases its Minnesota corporate headquarters in a facility with an operating lease that expires in December 2029. The remaining lease term for this lease is 9.3 years and the discount rate is 5.5%. The Company recognized $896,400 and $1,047,600 of rent expense for the periods ended September 26, 2020 and September 28, 2019, respectively.

Maturities of operating lease liabilities is as follows for the remainder of fiscal 2020 and full fiscal years thereafter as of September 26, 2020:

Operating Lease Liabilities expected to be recognized in	Amount
2020	$	179,100
2021		723,100
2022		742,900
2023		763,300
2024		784,400
Thereafter		4,258,600
Total lease payments		7,451,400
Less imputed interest		(1,603,500)
Present value of lease liabilities	$	5,847,900

Of the $5.8 million operating lease liability outstanding at September 26, 2020, $0.4 million is included in Accrued liabilities in the Current liabilities section of the Consolidated Condensed Balance Sheets.

Supplemental cash flow information related to our operating leases is as follows for the period ended September 26, 2020:

	Nine Months Ended		Nine Months Ended
	September 26, 2020		September 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow outflow from operating leases	$	524,600	$	479,600