Operating Leases:

6 Months Ended

Jun. 27, 2020

Operating Leases:

Operating Leases:

11. Operating Leases:

As of June 27, 2020, the Company leases its Minnesota corporate headquarters in a facility with an operating lease that expires in December 2029. The weighted average remaining lease term for this lease is 9.5 years and the weighted average discount rate is 5.5%. The Company recognized $597,400 and $720,600 of rent expense for the periods ended June 27, 2020 and June 29, 2019, respectively.

Maturities of operating lease liabilities is as follows for the remainder of fiscal 2020 and full fiscal years thereafter as of June 27, 2020:

Operating Lease Liabilities expected to be recognized in	Amount
2020	$	355,100
2021		723,100
2022		742,900
2023		763,300
2024		784,400
Thereafter		4,258,600
Total lease payments		7,627,400
Less imputed interest		(1,684,900)
Present value of lease liabilities	$	5,942,500

Of the $5.9 million operating lease liability outstanding at June 27, 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 June 27, 2020:

	Six Months Ended		Six Months Ended
	June 27, 2020		June 29, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow outflow from operating leases	$	348,600	$	353,700