COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 30, 2019

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

7. COMMITMENTS AND CONTINGENCIES

Claims and Legal Proceedings

We are involved in various claims and legal proceedings, some of which are covered by insurance. We believe that our existing claims and proceedings, and the probability of losses relating to such contingencies, will not have a material adverse effect on our consolidated financial position, results of operations, or cash flows.

Retail Store Lease

In March 2019, we entered into a lease for a new retail location in Denver, Colorado, with approximately 4,800 total square feet.  The term of the lease is 120 months, and the monthly payments over the lease term are approximately $27,000.