We lease certain of our manufacturing facilities under operating leases. We also lease production equipment, vehicles, computer equipment, storage units and office equipment under operating leases. Our leases have remaining lease terms of 1 year to 10 years, some of which may include options to extend the leases for up to 5 years, and some of which may include options to terminate the leases within 1 year. All of our leases are operating leases. We did not recognize right-of-use assets or lease liabilities for certain short-term leases that are month-to-month leases. As of January 1, 2022, we had no additional operating or finance leases that have not yet commenced. Our operating leases expire at various times through 2032. Lease expense for the years ended January 1, 2022, and January 2, 2021, totaled $25.1 million and $13.0 million, respectively, and includes $10.6 million and $6.6 million, respectively, classified in cost of sales in the accompanying consolidated statement of operations, with the remainder as selling, general and administrative expenses.

The components of lease expense for the years ended January 1, 2022 and January 2, 2021 are as follows. Certain amounts in the prior year period have been reclassified to conform to the current presentation (in thousands):


	Year Ended
	January 1,		January 2,
	2022		2021
Operating lease cost	$	15,254	$	9,165
Short-term lease cost		9,872		3,856
Total lease cost	$	25,126	$	13,021

Other information relating to leases for the years ended January 1, 2022 and January 2, 2021, are as follows (in thousands, except years and percentages):


	Year Ended
	January 1,			January 2,
	2022			2021
Supplemental cash flows information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows relating to operating leases	$	(13,750	)	$	(8,822	)

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	65,678		$	19,185

Weighted average remaining lease term in years
Operating leases		7.04			6.84

Weighted average discount rate
Operating leases		5.5	%		5.8	%

Future minimum lease commitments for operating leases are as follows (in thousands):


	January 1,			January 2,
	2022			2021
2021	$	-		$	8,327
2022		17,929			7,626
2023		17,577			7,149
2024		16,990			6,748
2025		15,987			6,253
2026		15,025			6,130
Thereafter		32,249			7,670

Total future minimum lease payments		115,757			49,903

Less: Imputed interest		(18,674	)		(8,641	)

Operating lease liability - total	$	97,083		$	41,262

Reported as of January 1, 2022 and January 2, 2021:
Current portion of operating lease liability	$	13,180		$	6,132
Operating lease liability, less current portion		83,903			35,130

Operating lease liability - total	$	97,083		$	41,262

We are obligated to purchase certain raw materials used in the production of our products from certain suppliers pursuant to stocking programs. If these programs were cancelled by us, as of January 1, 2022, we would be required to pay $21.6 million for various materials. During the years ended January 1, 2022, January 2, 2021, and December 28, 2019, we made purchases under these programs totaling $262.4 million, $227.4 million and $216.0 million, respectively. The Company expects to utilize its purchase commitments in its normal ongoing operations.

At January 1, 2022, we had $5.3 million in standby letters of credit related to our workers’ compensation insurance coverage.

We are a party to various legal proceedings in the ordinary course of business. Although the ultimate disposition of those proceedings cannot be predicted with certainty, management believes the outcome of any claim that is pending or threatened, either individually or on a combined basis, will not have a materially adverse effect on our operations, financial position or cash flows.