Leases (Tables)

3 Months Ended

Mar. 28, 2020

Leases [Abstract]

Leases Recorded on the Balance Sheet

Leases recorded on the balance sheet consist of the following (in thousands):

Leases	Classification on Balance Sheet	March 28, 2020		December 31, 2019
Assets
Operating lease right of use asset	Other Assets	$	8,143	$	8,691
Liabilities
Operating lease - current	Other Accrued Expenses	$	2,628	$	2,827
Operating lease - non-current	Other Liabilities	$	5,333	$	5,811

Other Information Related to Lease Term and Discount Rate

Other information related to lease term and discount rate is as follows:

	March 28, 2020
Operating leases weighted average remaining lease term (in years)	3.44 years
Operating leases weighted average discount rate	5.02	%

Components of Lease Expense

The components of lease expense are as follows (in thousands):

	Fiscal quarter ended
	March 28, 2020		March 30, 2019
Operating lease cost	$	874	$	823
Variable lease cost	—		—
Short-term lease cost	23		27
Total lease cost	$	897	$	850

Maturities of Operating Lease Liabilities

Undiscounted maturities of operating lease payments as of March 28, 2020 are summarized as follows (in thousands):

2020 (excluding the three months ended March 28, 2020)	$	2,496
2021	2,642
2022	1,653
2023	1,163
2024	742
Thereafter	538
Total future minimum lease payments	$	9,234
Less: amount representing interest	(1,273		)
Present value of future minimum lease payments	$	7,961