Commitments And Contingencies

3 Months Ended

Mar. 29, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments And Contingencies

Commitments and Contingencies

Commitments

In March 2010, we entered into a building lease agreement in preparation for the expansion of our manufacturing operations in Singapore. The initial term of the lease is three years, and the lease is accounted for as an operating lease. On August 15, 2012, we renegotiated this lease and entered into a new lease that will expire in June 2018. As of March 29, 2014, the minimum future lease payments to be made under this arrangement is $2.4 million.

In August 2008 and December 2009, we entered into agreements with a leasing company for the sale and leaseback of certain assets with a sales price of $6.8 million and $5.4 million, respectively. There was no gain or loss from these transactions. The initial term of these leases is four years, and these leases are classified as operating leases. On May 10, 2012, we entered into a lease extension for the August 2008 sale and leaseback transaction. The twenty-seven month extension is valued at $2.0 million and will expire on August 14, 2014. On October 28, 2013, we entered into a lease extension for the December 2009 sale and leaseback transaction. The twenty-four month extension is valued at $0.9 million and will expire on December 14, 2015. As of March 29, 2014, the minimum future lease payments to be made under these agreements is $1.1 million.

The table below summarizes our operating lease commitments as of March 29, 2014:

(In thousands)
For the years:
Remainder of 2014	$	2,690
2015	3,115
2016	1,070
2017	939
2018	336
Thereafter	—
Total minimum lease payments	$	8,150