LEASES (Tables)

6 Months Ended

Jul. 03, 2020

LEASES

Summary of the lease expense

	Three Months Ended				Six Months Ended
	July 3,		June 28,		July 3,		June 28,
	2020		2019		2020		2019
	(in thousands)				(in thousands)
Operating lease cost	$	1,766	$	1,181	$	3,508	$	2,270
Finance lease cost:
Amortization of assets		155		124		310		231
Interest on lease liabilities		8		9		17		18
Total net lease cost	$	1,929	$	1,314	$	3,835	$	2,519

Summary of lease information presented on the Company's condensed consolidated balance sheet

	July 3,			December 27,
	2020			2019
	(in thousands)
Operating leases:
Right-of-use assets	$	22,679		$	22,297
Lease liability	$	5,994		$	5,550
Lease liability, less current portion		17,935			18,411
Total lease liabilities	$	23,929		$	23,961
Finance leases (included in equipment and leasehold improvements, net):
Equipment and leasehold improvements, net	$	2,247		$	1,957
Accumulated depreciation		(1,572)			(1,291)
Total equipment and leasehold improvements, net	$	675		$	666
Finance lease obligations	$	332		$	375
Finance lease obligations, less current portion		256			191
Total finance lease obligations	$	588		$	566
Weighted average remaining lease term (in years):
Operating Leases		4.73			4.59
Finance Leases		1.92			1.47
Weighted average discount rate:
Operating Leases		4.50	%		5.14	%
Finance Leases		4.21	%		4.80	%

Summary of other information and supplemental cash flow information related to finance and operating leases

	Six Months Ended
	July 3,		June 28,
	2020		2019
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases	$	3,377	$	2,345
Operating cash flow from finance leases		17		64
Financing cash flow from finance leases		296		300
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	2,552	$	1,223

Summary of the maturities of operating lease liabilities

The following is a summary of the maturities of lease liabilities as of July 3, 2020:

	Operating		Finance
	(in thousands)
Fiscal year:
Remainder of 2020	$	6,906	$	348
2021		5,942		171
2022		4,963		69
2023		3,028		14
2024		2,185		9
2025 and thereafter		3,505		—
Total lease payments	$	26,529	$	611
Less: Imputed interest		(2,600)		(23)
Total lease obligations		23,929		588
Less: Current obligations		5,994		332
Noncurrent lease obligations	$	17,935	$	256

Summary of the maturities of finance lease liabilities

	Operating		Finance
	(in thousands)
Fiscal year:
Remainder of 2020	$	6,906	$	348
2021		5,942		171
2022		4,963		69
2023		3,028		14
2024		2,185		9
2025 and thereafter		3,505		—
Total lease payments	$	26,529	$	611
Less: Imputed interest		(2,600)		(23)
Total lease obligations		23,929		588
Less: Current obligations		5,994		332
Noncurrent lease obligations	$	17,935	$	256