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 12 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 December 30, 2023, we had no additional operating or finance leases that have not yet commenced. Our operating leases expire at various times through 2035. Lease expense for the years ended December 30, 2023, December 31, 2022, and January 1, 2022, totaled $34.4 million, $30.7 million, and $25.1 million, respectively, and includes $18.1 million, $15.6 million, and $10.6 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 December 30, 2023, December 31, 2022 and January 1, 2022, are as follows (in thousands):


	Year Ended
	December 30,		December 31,		January 1,
	2023		2022		2022
Operating lease cost	$	23,944	$	20,490	$	15,254
Short-term lease cost		10,493		10,175		9,872
Total lease cost	$	34,437	$	30,665	$	25,126

Other information relating to leases for the years ended December 30, 2023, December 31, 2022 and January 1, 2022,, are as follows (in thousands, except years and percentages):


	Year Ended
	December 30,			December 31,			January 1,
	2023			2022			2022
Supplemental cash flows information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows relating to operating leases	$	(22,966	)	$	(19,635	)	$	(13,750	)

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	44,424		$	29,031		$	65,678

Weighted average remaining lease term in years
Operating leases		6.91			7.12			7.04

Weighted average discount rate
Operating leases		5.3	%		5.2	%		5.5	%

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


	December 30,
	2023
2024	$	26,687
2025		25,943
2026		24,480
2027		23,400
2028		19,376
Thereafter		39,849

Total future minimum lease payments		159,735

Less: Imputed interest		(25,337	)

Operating lease liability - total	$	134,398

Reported as of December 30, 2023:
Current portion of operating lease liability	$	20,368
Operating lease liability, less current portion		114,030

Operating lease liability - total	$	134,398

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 December 30, 2023, and December 31, 2022, we would be required to pay $30.6 million and $26.1 million, respectively, for various materials. During the years ended December 30, 2023, December 31, 2022, and January 1, 2022, we made purchases under these programs totaling $459.9 million, $454.6 million and $262.4 million, respectively. The Company expects to utilize its purchase commitments in its normal ongoing operations.

At December 30, 2023, we had $8.5 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.