Leases (Tables)

9 Months Ended

Sep. 28, 2019

Leases [Abstract]

Schedule of Components of Lease Expense

The components of lease expense were as follows (dollars in thousands):

	Financial Statement Classification	Three months ended September 28, 2019		Nine months ended September 28, 2019
Finance leases:
Amortization expense	SG&A Expense	$	4	$	4
Interest expense	Interest expense, net		2		2
			6		6
Operating leases:
Operating costs	Operating costs		427		845
Selling, general and administrative expenses	SG&A Expense		476		1,398
			903		2,243
Total lease expense		$	909	$	2,249

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows (dollars in thousands):

	Financial Statement Classification	September 28, 2019
ROU Assets:
Operating leases	Right of Use asset	$	2,377
Finance leases	Property and equipment, net		232
Total ROU Assets:		$	2,609
Lease liabilities:
Current liabilities
Operating leases	Current portion of leases	$	947
Finance leases	Current portion of leases		47
Noncurrent Liabilities:
Operating leases	Long Term Leases		1,467
Finance leases	Long Term Leases		185
Total lease liabilities		$	2,646

Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate

The weighted average remaining lease term and weighted average discount rate were as follows:

	At September 28, 2019
Weighted average remaining lease term (years)
Operating leases		2.4
Finance leases		4.9
Weighted average discount rate
Operating leases		3.7	%
Finance leases		14.5	%

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of September 28, 2019 are as follows (dollars in thousands):

Year ending:	Operating leases			Finance leases			Total
2019 (remaining months)	$	249		$	14		$	263
2020		1,012			55			1,067
2021		957			55			1,012
2022		289			55			344
2023		-			55			55
2024		-			36			36
Total lease payments		2,507			270			2,777
Less: imputed interest		(92	)		(39	)		(131	)
Total lease liabilities	$	2,415		$	231		$	2,646