The Company has various lease agreements in place for facilities and equipment. Terms of these leases include, in some instances, scheduled rent increases, renewals, purchase options and maintenance costs, and vary by lease. These lease obligations expire at various dates through 2034. As the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate based on information available at commencement to determine the present value of the lease payments. ROU assets and lease liabilities commencing after December 30, 2018 are recognized at commencement date based on the present value of lease payments over the lease term. Leases with an initial term of 12 months or less (“short-term leases”) are not recorded on the balance sheet and are recognized on a straight-line basis over the lease term. As of June 27, 2020, and December 28, 2019 total ROU assets and lease liabilities were as follows:


	Classification	Leases
		June 27, 2020		December 28, 2019
		(in thousands)
Right- of-use assets
Operating lease assets	Operating right-of-use assets	$	61,420	$	53,758
Finance lease assets	Property, plant and equipment, net		5,814		2,531

Lease Liabilities
Current
Operating lease liabilities	Current operating lease liabilities		7,444		5,168
Finance lease liabilities	Accrued expenses and other current liabilities		1,807		546
Non-current
Operating lease liabilities	Non-current operating lease liabilities		62,896		53,940
Finance lease liabilities	Other liabilities		4,056		2,042

The gross value and accumulated depreciation of ROU assets related to finance leases as of June 27, 2020 and December 28, 2019 were as follows:


	Finance Leases
	June 27, 2020			December 28, 2019
	(in thousands)
Gross value	$	6,694		$	2,837
Accumulated amortization		(880	)		(306	)

Carrying value	$	5,814		$	2,531

Components of lease cost for the thirteen and

twenty-six

weeks ended June 27, 2020 and June 29, 2019 were as follows:


	Lease Cost
	Thirteen weeks ended				Twenty-six weeks ended
	June 27,		June 29,		June 27,		June 29,
	2020		2019		2020		2019
	(in thousands)				(in thousands)
Operating lease cost	$	2,437	$	1,177	$	4,852	$	2,305
Variable lease costs not included in liability		487		273		972		472

Finance lease cost:
Amortization of right-of-use asset		440		43		573		43
Interest on lease liabilities		53		52		75		52

Total finance lease cost	$	493	$	95	$	648	$	95

Maturities of lease liabilities as of June 27, 2020 were as follows:


	Operating Leases			Finance Leases			Weighted-Average Remaining Term in Years
	Operating Leases			Finance Leases			Operating Leases		Finance Leases
	(in thousands)
2020	$	4,843		$	987
2021		9,903			1,982
2022		9,761			1,982
2023		9,709			965
2024		9,470			265
Thereafter		39,523			23

Total lease payments		83,209			6,204
Less imputed interest (based on 3.5% weighted-average discount rate)		(12,869	)		(341	)

Present value of lease liability	$	70,340		$	5,863			9.3		3.2