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Leases (Tables)
3 Months Ended
Sep. 26, 2021
Leases [Abstract]  
Schedule of Operating Lease Asset and Obligation Included in Condensed Consolidated Balance Sheets

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

 

 

 

September 26,

2021

 

Right-of Use Asset Under Operating Lease:

 

 

 

 

Other Long-Term Assets

 

$

3,308

 

Lease Obligation Under Operating Lease:

 

 

 

 

Current Liabilities: Accrued Liabilities: Other

 

$

378

 

Other Long-Term Liabilities

 

 

2,930

 

 

 

$

3,308

 

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 this non-cancelable lease are as follows as of September 26, 2021 (in thousands):

 

2022 (for the remaining nine months)

 

$

365

 

2023

 

 

497

 

2024

 

 

509

 

2025

 

 

522

 

2026

 

 

535

 

Thereafter

 

 

1,299

 

Total Future Minimum Lease Payments

 

 

3,727

 

Less: Imputed Interest

 

 

(419

)

Total Lease Obligations

 

$

3,308

 

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 26,

2021

 

 

September 27,

2020

 

Operating Cash Flows:

 

 

 

 

 

 

 

 

Cash Paid Related to Operating Lease Obligation

 

$

119

 

 

$

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 26,

2021

 

Weighted Average Remaining Lease Term (in years)

 

 

7.1

 

Weighted Average Discount Rate

 

 

3.3

%