XML 43 R32.htm IDEA: XBRL DOCUMENT v3.22.1
Leases (Tables)
 3 Months Ended
Apr. 03, 2022
Leases [Abstract]  
Schedule of Lease Costs
The components of lease expense are as follows:
Three Months Ended
April 3, 2022
Operating lease cost$13 
Finance lease cost:
Amortization of assets347 
Interest on lease liabilities88 
Variable lease cost— 
Total net lease cost$448 
Supplemental cash flow information related to leases are as follows:
Three Months Ended
April 3, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases$12 
Operating cash flows used for finance leases88 
Financing cash flows used for finance leases334 
Right of use assets obtained in exchange for lease liabilities:
Operating leases184 
Finance leases9,035 
The weighted average remaining lease term and weighted average discount rates related to leases are as follows:
April 3, 2022
Weighted average remaining lease term:
Operating leases
3.8 years
Finance leases
13.2 years
Weighted average discount rate:
Operating leases
4.8%
Finance leases
8.5%
Schedule of Balance Sheet Lease Information
Supplemental balance sheet information related to leases is as follows:
LeasesClassificationApril 3, 2022
Assets
Operating lease right-of-use assets
Other assets
$174 
Finance lease right-of-use assets
Property and equipment, net
11,135 
Total lease right-of-use assets
$11,309 
Operating lease liabilities
Current portion of operating lease liabilities
Accrued expenses
$42 
Operating lease liabilities, excluding current portion
Other long-term liabilities
132 
Total operating lease liabilities
174 
Finance lease liabilities
Current portion of finance lease liabilities
Accrued expenses
1,597 
Finance lease liabilities, excluding current portion
Other long-term liabilities
9,523 
Total finance lease liabilities
11,120 
Total lease liabilities
11,294 
Schedule of Maturities of Operating Lease Liabilities Future minimum lease commitments to Oxbow Realty as of April 3, 2022 were as follows (such amounts are eliminated from our condensed consolidated financial statements due to the consolidation of Oxbow Realty, see Note 14 – Variable Interest Entities):
Remainder of 2022$3,631 
20234,932 
20245,031 
20255,132 
20265,234 
Thereafter84,116 
Total lease payments108,076 
Less: imputed interest(80,660)
Total$27,416 
Future maturities of lease liabilities as of April 3, 2022 are as follows:
Fiscal YearOperating LeasesFinance LeasesTotal
Remainder of 2022
$36 $1,915 $1,951 
202350 1,436 1,486 
202451 1,212 1,263 
202554 1,133 1,187 
2026— 1,135 1,135 
Thereafter
— 11,968 11,968 
Total lease payments
191 18,799 18,990 
Less imputed interest
(17)(7,679)(7,696)
Total lease liabilities
$174 $11,120 $11,294 
Schedule of Maturities of Finance Lease Liabilities
Future maturities of lease liabilities as of April 3, 2022 are as follows:
Fiscal YearOperating LeasesFinance LeasesTotal
Remainder of 2022
$36 $1,915 $1,951 
202350 1,436 1,486 
202451 1,212 1,263 
202554 1,133 1,187 
2026— 1,135 1,135 
Thereafter
— 11,968 11,968 
Total lease payments
191 18,799 18,990 
Less imputed interest
(17)(7,679)(7,696)
Total lease liabilities
$174 $11,120 $11,294