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Leases (Tables)
3 Months Ended
Sep. 27, 2020
Leases [Abstract]  
Schedule of Operating Lease Asset and Obligation Included in Condensed Consolidated Balance Sheet

The operating lease asset and obligation related to our El Paso warehouse lease included in the accompanying Condensed Consolidated Balance Sheet are presented below (in thousands):

 

 

 

September 27,

2020

 

Right-of Use Asset Under Operating Lease:

 

 

 

 

Other Long-Term Assets

 

$

3,668

 

Lease Obligation Under Operating Lease:

 

 

 

 

Current Liabilities: Accrued Liabilities: Other

 

$

354

 

Other Long-Term Liabilities

 

 

3,314

 

 

 

$

3,668

 

Schedule of Future Minimum Lease Payments Under Non-Cancelable Lease Including Options to Extend


Future minimum lease payments, by our fiscal year, including options to extend that are reasonably certain to be exercised, under the non-cancelable lease are as follows as of September 27, 2020 (in thousands):

 

2021 (for the remaining nine months)

 

$

357

 

2022

 

 

484

 

2023

 

 

497

 

2024

 

 

509

 

2025

 

 

522

 

Thereafter

 

 

1,834

 

Total Future Minimum Lease Payments

 

 

4,203

 

Less: Imputed Interest

 

 

(535

)

Total Lease Obligations

 

$

3,668

 

Schedule of Cash Flow Information Related to Operating Lease

Cash flow information related to the operating lease is shown below (in thousands):

 

 

 

Three Months Ended

 

 

 

September 27,

2020

 

Operating Cash Flows:

 

 

 

 

Cash Paid Related to Operating Lease Obligation

 

$

116

 

Schedule of Weighted Average Lease Term and Discount Rate for Operating Lease

The weighted average lease term and discount rate for the El Paso, Texas operating lease are shown below:

 

 

 

September 27,

2020

 

Weighted Average Remaining Lease Term (in years)

 

 

8.1

 

Weighted Average Discount Rate

 

 

3.3

%