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Commitments and Contingencies
9 Months Ended
Oct. 01, 2021
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 13 – COMMITMENTS AND CONTINGENCIES

 

The Company is subject to certain claims and lawsuits typically filed against engineering companies, alleging primarily professional errors or omissions. The Company carries professional liability insurance, subject to certain deductibles and policy limits, against such claims. While management does not believe that the resolution of these claims will have a material adverse effect, individually or in aggregate, on its financial position, results of operations or cash flows, management acknowledges the uncertainty surrounding the ultimate resolution of these matters.

 

The Company leases office space, laboratory facilities, and automobiles under operating lease agreements and has options to renew most leases. These leases expire at varying dates through 2025. The Company also rents equipment on a job-by-job basis.

 

Future minimum payments under non-cancelable operating leases as of October 1, 2021 are as follows:

 

2021 (three months remaining)  $3,907 
2022   12,685 
2023   9,975 
2024   5,805 
2025   3,143 
Thereafter   3,162 
   $38,677 

 

Rental expense associated with facility and equipment operating leases for the three months ended October 1, 2021 and September 30, 2020 was $3.2 million and $3.3 million, respectively, and $9.5 million and $9.6 million for the nine months ended October 1, 2021 and September 30, 2020, respectively.