NOTE 9 - OPERATING LEASES

12 Months Ended

Dec. 27, 2014

Leases of Lessee Disclosure [Text Block]

NOTE 9 - OPERATING LEASES

The Company leases equipment and office space under long-term operating lease agreements. The future minimum lease payments on leases (with initial or remaining non-cancelable terms in excess of one year) as of December 27, 2014 are as follows (dollars in thousands):

Years Ending	Amount
December 26, 2015	$	2,043
December 31, 2016		1,517
December 30, 2017		929
December 29, 2018		259
December 28, 2019 and after		65
Total minimum lease payments	$	4,813

Rent expense for the years ended December 27, 2014 and December 28, 2013 was $2.5 million and $3.9 million, respectively. Certain of our lease agreements may include items such as abated lease payments, capital improvement funding, step rent provisions and escalation clauses that affect the lease payment schedule and do not qualify as contingent rentals. These items have been included in the minimum lease payment amount on a straight-line basis over the minimum lease term. Any lease payments that are dependent on a factor related to the future use of the property have been excluded from the minimum lease payment amount and are recognized as incurred.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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