Leases

9 Months Ended

Sep. 27, 2025

Leases [Abstract]

Leases

Note 3 – Leases

The net right of use assets and lease liabilities recognized on the consolidated condensed balance sheets for the Company's operating leases were as follows:

	September 27, 2025		December 31, 2024
Right of use assets
Operating Leases
Buildings and improvements	$	114,128	$	112,528
Machinery and equipment		5,454		5,425
Total	$	119,582	$	117,953
Current lease liabilities
Operating Leases
Buildings and improvements	$	23,351	$	22,993
Machinery and equipment		2,972		2,908
Total	$	26,323	$	25,901
Long-term lease liabilities
Operating Leases
Buildings and improvements	$	93,632	$	91,772
Machinery and equipment		2,404		2,446
Total	$	96,036	$	94,218
Total lease liabilities	$	122,359	$	120,119

Lease expense is classified in the statements of operations based on asset use.  Total lease cost recognized on the consolidated condensed statements of operations is as follows:

	Fiscal quarters ended				Nine fiscal months ended
	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Lease expense
Operating lease expense	$	7,334	$	7,553	$	21,418	$	22,312
Short-term lease expense		543		262		1,496		738
Variable lease expense		96		120		489		482
Total lease expense	$	7,973	$	7,935	$	23,403	$	23,532

The Company paid $21,824 and $22,618 for its operating leases in the nine fiscal months ended September 27, 2025 and September 28, 2024, respectively, which are included in operating cash flows on the consolidated condensed statements of cash flows.  The weighted-average remaining lease term for the Company's operating leases is 8.6 years and the weighted-average discount rate is 6.7% as of September 27, 2025.

The undiscounted future lease payments for the Company's operating lease liabilities are as follows:

	September 27, 2025
2025 (excluding the nine fiscal months ended September 27, 2025)	$	7,070
2026		25,917
2027		23,066
2028		17,979
2029		15,466
Thereafter		71,431

The undiscounted future lease payments presented in the table above include payments through the term of the lease, which may include periods beyond the noncancellable term.  The difference between the total payments above and the lease liability balance is due to the discount rate used to calculate lease liabilities.