Lease Commitments (Tables)

3 Months Ended

Mar. 27, 2020

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 27, 2020 are as follows:

	Total
Year	Operating Leases
(amounts in thousands)
2020 (remaining)	$	4,478
2021		4,891
2022		3,461
2023		2,323
2024		1,494
2025 & thereafter		4,783
Total undiscounted operating lease payments	$	21,430
Less: Interest		(1,117	)
Total present value of operating lease liabilities	$	20,313

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

The weighted average remaining lease terms and discount rates for all operating leases as of March 27, 2020 and March 29, 2019 were as follows:

	March 27, 2020			March 29, 2019
Weighted average remaining lease term (years)		6.40			3.54
Weighted average remaining discount rate		2.06	%		1.73	%

Supplemental cash flow information related to the Company’s operating leases for the first quarter of 2020 is as follows:

(amounts in thousands)	March 27, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflow from operating leases	$	1,570
Right-of-use assets obtained in exchange for new operating lease liabilities		667

Summary of Minimum Obligations under Operating Leases

As of December 31, 2019, minimum obligations under operating leases were expected to be:

	Total
Year	Operating Leases
(amounts in thousands)
2020	$	5,979
2021		4,696
2022		3,255
2023		2,257
2024		1,485
2025 & thereafter		4,828
Total undiscounted operating lease payments	$	22,500
Less: Interest		(1,247	)
Total present value of operating lease liabilities	$	21,253