Note P - Lease Liabilities

6 Months Ended

Dec. 28, 2018

Notes to Financial Statements

Leases of Lessee Disclosure [Text Block]

P. Lease Liabilities

The Company leases certain office and warehouse space, as well as production and office equipment.

The components of lease expense were as follows:

	For the Quarter Ended						For the Two Quarters Ended
	December 28, 2018			December 29, 2017			December 28, 2018			December 29, 2017
Finance lease cost:
Amortization of right-of-use assets	$	1		$	1		$	1		$	1
Operating lease cost		850			665			1,730			1,298
Short-term lease cost		12			18			22			51
Variable lease cost		(3	)		-			5			2
Total lease cost		860			684			1,758			1,352
Less: Sublease income		(1	)		(98	)		(17	)		(151	)
Net lease cost	$	859		$	586		$	1,741		$	1,201

Other information related to leases was as follows:

	For the Quarter Ended				For the Two Quarters Ended
	December 28, 2018		December 29, 2017		December 28, 2018			December 29, 2017
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	850	$	571	$	1,725		$	1,151
Operating cash flows from finance leases		1		1		2			2
Right-of-use-assets obtained in exchange for lease obligations:
Operating leases		125		1,390		12,252			1,669
Weighted average remaining lease term (years):
Operating leases						11.2			6.3
Finance lease						3.5			4.5
Weighted average discount rate:
Operating leases						7.7	%		6.7	%
Finance leases						4.0	%		4.0	%

Approximate future minimum rental commitments under non-cancellable lease as of

December 28, 2018

were as follows:

	Operating Leases			Finance Leases
2019	$	1,717		$	1
2020		3,168			3
2021		2,517			3
2022		2,007			3
2023		1,845			-
Thereafter		13,007			-
Total future lease payments		24,261			10
Less: Amount representing interest		(7,794	)		(1	)
Present value of future payments	$	16,467		$	9

The Company had

$16,465

and

$6,527

of operating lease right-of-use assets recorded in property, plant and equipment, net as of

December 28, 2018

and

June 30, 2018,

respectively. The Company had

$16,467

and

$6,527

of operating lease liabilities recorded in lease obligations as of

December 28, 2018

and

June 30, 2018,

respectively.