Lease Commitments (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Summary of Lease Costs, Weighted Average Remaining Lease Term, Discount Rate and Supplemental Cash Flow Information for All Operating Leases

Lease costs for the quarters ended March 31, 2023 and April 1, 2022 were as follows:

	For the Quarter Ended
(amounts in thousands)	March 31, 2023		April 1, 2022
Operating lease costs	$	1,815	$	1,821
Variable lease costs		104		89
Short-term lease costs		124		101

The weighted average remaining lease terms and discount rates for all operating leases as of March 31, 2023 and April 1, 2022 were as follows:

	March 31, 2023			April 1, 2022
Weighted average remaining lease term (years)		5.26			5.89
Weighted average remaining discount rate		4.26	%		2.12	%

Supplemental cash flow information related to the Company’s operating leases for the first quarter of 2023 is as follows:

(amounts in thousands)	March 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflow from operating leases	$	1,815
Right-of-use assets obtained in exchange for new operating lease liabilities		1,061

Summary of Maturities of Lease Liabilities for Operating Liabilities

Maturities for the Company’s lease liabilities for all operating leases as of March 31, 2023 are as follows:

	Total
Year	Operating Leases
(amounts in thousands)
2023 (remaining)	$	4,731
2024		4,812
2025		3,609
2026		2,531
2027		1,433
2028 & thereafter		3,810
Total undiscounted operating lease payments		20,926
Less: Interest		(2,442	)
Total present value of operating lease liabilities	$	18,484