Note P - Lease Liabilities

9 Months Ended

Mar. 29, 2019

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 Three Quarters Ended
	March 29, 2019			March 30, 2018			March 29, 2019			March 30, 2018
Operating lease cost	$	872		$	601		$	2,603		$	1,900
Short-term lease cost		1			(17	)		23			34
Variable lease cost		11			1			16			4
Total lease cost		884			585			2,642			1,938
Less: Sublease income		(2	)		(27	)		(18	)		(177	)
Net lease cost	$	882		$	558		$	2,624		$	1,761

Other information related to leases was as follows:

	For the Quarter Ended				For the Three Quarters Ended
	March 29, 2019		March 30, 2018		March 29, 2019			March 30, 2018
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	824	$	662	$	2,548		$	1,863
Right-of-use-assets obtained in exchange for lease obligations:
Operating leases		380		206		12,453			1,648
Weighted average remaining lease term (years):
Operating leases						11.7			5.7
Weighted average discount rate:
Operating leases						7.7	%		6.8	%

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

March 29, 2019

were as follows:

	Operating Leases
2019	$	755
2020		2,754
2021		2,081
2022		1,546
2023		1,400
Thereafter		12,232
Total future lease payments		20,768
Less: Amount representing interest		(7,443	)
Present value of future payments	$	13,325

The Company had

$13,333

and

$6,527

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

March 29, 2019

and

June 30, 2018,

respectively. The Company had

$13,325

and

$6,527

of operating lease liabilities recorded in lease obligations as of

March 29, 2019

and

June 30, 2018,

respectively.