Operating Leases (Tables)

3 Months Ended

Mar. 29, 2019

Leases [Abstract]

Summary of Maturities of Lease Liabilities for Operating Liabilities

Maturities for the Company’s lease liabilities for all operating leases as of March 29, 2019 are as follows (amounts in thousands):

	Total
Year	Operating Leases
2019 (remaining)	$	3,875
2020		3,994
2021		2,795
2022		1,719
2023		1,187
2024 & thereafter		245
Total undiscounted operating lease payments	$	13,815
Less: Interest		(1,292	)
Total present value of operating lease liabilities	$	12,523

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

The weighted average remaining lease term and discount rate for all operating leases as of March 29, 2019 are as follows:

	March 29, 2019
Weighted average remaining lease term (years)		3.54
Weighted average remaining discount rate		1.73	%

An initial right-of-use asset of $13.1 million was recognized as a non-cash asset addition upon adoption of Topic 842. Supplemental cash flow information related to the Company’s operating leases for the 2019 first quarter is as follows:

(amounts in thousands)	March 29, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflow from operating leases	$	1,536
Right-of-use assets obtained in exchange for new operating lease liabilities		2,402