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Leases (Tables)
9 Months Ended
Mar. 27, 2022
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):

 

 

 

March 27,

2022

 

Right-of Use Asset Under Operating Lease:

 

 

 

 

Other Long-Term Assets

 

$

3,118

 

Lease Obligation Under Operating Lease:

 

 

 

 

Current Liabilities: Accrued Liabilities: Other

 

$

389

 

Other Long-Term Liabilities

 

 

2,729

 

 

 

$

3,118

 

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 March 27, 2022 (in thousands):

 

2022 (for the remaining three months)

 

$

122

 

2023

 

 

497

 

2024

 

 

509

 

2025

 

 

522

 

2026

 

 

535

 

Thereafter

 

 

1,299

 

Total Future Minimum Lease Payments

 

 

3,484

 

Less: Imputed Interest

 

 

(366

)

Total Lease Obligations

 

$

3,118

 

Schedule of Cash Flow Information Related to Operating Lease

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

 

 

 

Nine Months Ended

 

 

 

March 27,

2022

 

 

March 28,

2021

 

Operating Cash Flows:

 

 

 

 

 

 

 

 

Cash Paid Related to Operating Lease Obligation

 

$

362

 

 

$

354

 

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:

 

 

 

March 27,

2022

 

Weighted Average Remaining Lease Term (in years)

 

 

6.6

 

Weighted Average Discount Rate

 

 

3.3

%