Commitments And Contingencies

9 Months Ended

Oct. 01, 2016

Commitments and Contingencies Disclosure [Abstract]

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 was three years, and the lease was 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. On June 28, 2016, we renegotiated the August 15, 2012 lease and entered into a new lease that will expire in June 2023. As of October 1, 2016, the minimum future lease payments to be made under this arrangement is $3.9 million.

In August 2014, we entered into a thirty-six month lease agreement for equipment valued at $2.5 million. At the end of the lease term, we have an option to purchase the leased equipment for a bargain purchase price. Accordingly, this lease is classified as a capital lease. The amortization of these leased assets is included with depreciation expense. As of October 1, 2016, the total amortization of the leased equipment is $1.0 million.

In July 2015, we entered into a lease amendment for our facilities in San Jose, California. The lease amendment is to extend the building lease for five years which will expire in January 2021. As of October 1, 2016, the minimum future lease payments to be made under the lease amendment is $10.6 million.

The table below summarizes our capital and operating lease commitments as of October 1, 2016:



(In thousands)	Capital Leases		Operating Leases
For the years:
Remainder of 2016	$	218	$	869
2017	582		3,515
2018	—		3,183
2019	—		3,099
2020	—		3,169
Thereafter	—		1,498
Total minimum lease payments	$	800	$	15,333