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Leases
 6 Months Ended
Oct. 04, 2020
Leases [Abstract]  
Leases Leases
The Company leases manufacturing facilities, distribution centers, office space, vehicles and other equipment under non-cancellable leases with initial terms typically ranging from 1 to 17 years.

Short term leases with an initial term of 12 months or less are not presented on the balance sheet and expense is recognized as incurred.

The following table presents lease assets and liabilities and their balance sheet classification:
ClassificationAs of
October 4, 2020		As of
March 31, 2020
Operating Leases:
Right-of-use assetsOther assets$67,072 $70,045 
Operating lease current liabilitiesAccrued expenses21,511 21,128 
Operating lease non-current liabilitiesOther liabilities47,787 51,215 
Finance Leases:
Right-of-use assetsProperty, plant, and equipment, net$574 $540 
Finance lease current liabilitiesAccrued expenses193 162 
Finance lease non-current liabilitiesOther liabilities415 407 
The components of lease expense for the second quarter and six months ended October 4, 2020 and September 29, 2019 were as follows:
Quarter endedSix months ended
ClassificationOctober 4, 2020September 29, 2019October 4, 2020September 29, 2019
Operating Leases:
Operating lease costOperating expenses$6,745 $7,260 $13,681 $14,555 
Variable lease costOperating expenses1,613 2,122 3,732 3,828 
Short term lease costOperating expenses1,578 1,927 3,406 4,111 
Finance Leases:
DepreciationOperating expenses$46 $138 $88 $281 
Interest expenseInterest expense7 10 14 22 
Total$9,989 $11,457 $20,921 $22,797 

The following table presents the weighted average lease term and discount rates for leases as of October 4, 2020:
Operating Leases:
Weighted average remaining lease term6 years
Weighted average discount rate5.35%
Finance Leases:
Weighted average remaining lease term3.3 years
Weighted average discount rate4.95%

The following table presents future payments due under leases reconciled to lease liabilities as of October 4, 2020:
Finance LeasesOperating Leases
Six months ended March 31, 2021$109 $12,839 
Year ended March 31,
2022217 21,638 
2023174 14,669 
2024120 9,190 
202525 5,828 
Thereafter14 16,654 
Total undiscounted lease payments659 80,818 
Present value discount51 11,520 
Lease liability$608 $69,298 
The following table presents supplemental disclosures of cash flow information related to leases for the second quarter and six months ended October 4, 2020 and September 29, 2019:
Quarter endedSix months ended
October 4, 2020September 29, 2019October 4, 2020September 29, 2019
Operating cash flows from finance leases$7 $10 $14 $22 
Operating cash flows from operating leases6,739 7,170 13,660 14,383 
Financing cash flows from finance leases45 138 86 281 
Supplemental non-cash information on lease liabilities arising from right-of-use assets:
Right-of-use assets obtained in exchange for new finance lease liabilities$87 $— $87 $— 
Right-of-use assets obtained in exchange for new operating lease liabilities955 2,318 7,132 4,946 
Leases Leases
The Company leases manufacturing facilities, distribution centers, office space, vehicles and other equipment under non-cancellable leases with initial terms typically ranging from 1 to 17 years.

Short term leases with an initial term of 12 months or less are not presented on the balance sheet and expense is recognized as incurred.

The following table presents lease assets and liabilities and their balance sheet classification:
ClassificationAs of
October 4, 2020		As of
March 31, 2020
Operating Leases:
Right-of-use assetsOther assets$67,072 $70,045 
Operating lease current liabilitiesAccrued expenses21,511 21,128 
Operating lease non-current liabilitiesOther liabilities47,787 51,215 
Finance Leases:
Right-of-use assetsProperty, plant, and equipment, net$574 $540 
Finance lease current liabilitiesAccrued expenses193 162 
Finance lease non-current liabilitiesOther liabilities415 407 
The components of lease expense for the second quarter and six months ended October 4, 2020 and September 29, 2019 were as follows:
Quarter endedSix months ended
ClassificationOctober 4, 2020September 29, 2019October 4, 2020September 29, 2019
Operating Leases:
Operating lease costOperating expenses$6,745 $7,260 $13,681 $14,555 
Variable lease costOperating expenses1,613 2,122 3,732 3,828 
Short term lease costOperating expenses1,578 1,927 3,406 4,111 
Finance Leases:
DepreciationOperating expenses$46 $138 $88 $281 
Interest expenseInterest expense7 10 14 22 
Total$9,989 $11,457 $20,921 $22,797 

The following table presents the weighted average lease term and discount rates for leases as of October 4, 2020:
Operating Leases:
Weighted average remaining lease term6 years
Weighted average discount rate5.35%
Finance Leases:
Weighted average remaining lease term3.3 years
Weighted average discount rate4.95%

The following table presents future payments due under leases reconciled to lease liabilities as of October 4, 2020:
Finance LeasesOperating Leases
Six months ended March 31, 2021$109 $12,839 
Year ended March 31,
2022217 21,638 
2023174 14,669 
2024120 9,190 
202525 5,828 
Thereafter14 16,654 
Total undiscounted lease payments659 80,818 
Present value discount51 11,520 
Lease liability$608 $69,298 
The following table presents supplemental disclosures of cash flow information related to leases for the second quarter and six months ended October 4, 2020 and September 29, 2019:
Quarter endedSix months ended
October 4, 2020September 29, 2019October 4, 2020September 29, 2019
Operating cash flows from finance leases$7 $10 $14 $22 
Operating cash flows from operating leases6,739 7,170 13,660 14,383 
Financing cash flows from finance leases45 138 86 281 
Supplemental non-cash information on lease liabilities arising from right-of-use assets:
Right-of-use assets obtained in exchange for new finance lease liabilities$87 $— $87 $— 
Right-of-use assets obtained in exchange for new operating lease liabilities955 2,318 7,132 4,946