Leases

3 Months Ended

Oct. 02, 2020

Leases [Abstract]

Leases

Leases

The Company has facilities under non-cancelable operating lease agreements. These leases have varying terms that range from one to 20 years and contain leasehold improvement incentives, rent holidays and escalation clauses.

We determine if an arrangement contains a lease at inception. These operating leases are included in "Right of use assets" (“ROU”) on our unaudited condensed consolidated balance sheets and represent our right to use the underlying asset for the lease term. Our obligations to make lease payments are included in "Short-term lease liabilities" and "Long-term lease liabilities" on our unaudited condensed consolidated balance sheets. We did not enter into any finance leases during the three months ended October 2, 2020.

The following summarizes our lease costs (in thousands):

	Three Months Ended
	October 2, 2020		September 27, 2019
	(In thousands)
Operating lease costs	$	313	$	320
Short-term lease costs	458		484
Variable lease costs	68		63
Total lease costs	$	839	$	867

The following summarizes our lease term and discount rate for three months ended October 2, 2020:

Weighted average remaining lease term	7.3 years
Weighted average discount rate	6.9	%

As of October 2, 2020, our future minimum lease payments under all non-cancelable operating leases with an initial term in excess of one year were as follows (in thousands):

	Amount
	(In thousands)
Remainder of 2021	$	875
2022	623
2023	357
2024	230
2025	236
Thereafter	1,952
Total lease payments	4,273
Less: interest	(1,099)
Present value of lease liabilities	$	3,174