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Leases
12 Months Ended
Dec. 28, 2019
Leases [Abstract]  
Leases
LEASES

Balance sheet information related to right-of-use assets and liabilities is as follows:
 
Balance Sheet Location
December 28, 2019
Operating Leases:
 
 
Operating lease right-of-use assets
Operating lease right-of-use assets
$
24,835

 
 
 
Current portion of operating lease liabilities
Current portion of operating lease liabilities
3,172

Noncurrent portion of operating lease liabilities
Operating lease liabilities
22,123

Total operating lease liabilities
 
$
25,295

 
 
 
Finance Leases:
 
 
Finance lease right-of-use assets
Property, plant, and equipment, net
$
15,152

 
 
 
Current portion of finance lease liabilities
Current portion of long-term debt
4,011

Noncurrent portion of finance lease liabilities
Long-term debt
15,472

 
 
$
19,483



Lease cost recognized in the consolidated financial statements is summarized as follows:
 
 
 
December 28, 2019

Operating lease cost
 
 
$
3,528

 
 
 
 
Finance lease cost:
 
 
 
     Amortization of lease assets
 
 
3,000

     Interest on lease liabilities
 
 
1,378

Total finance lease costs
 
 
$
4,378



Other supplemental information related to leases is summarized as follows:
 
 
December 28, 2019

Weighted average remaining lease term (in years):
 
 
     Operating leases
 
8.42

     Finance leases
 
12.03

 
 
 
Weighted average discount rate:
 
 
     Operating leases
 
6.98
%
     Finance leases
 
6.72
%
 
 
 
Cash paid for amounts included in the measurement of lease liabilities for the twelve months ended December 28, 2019:
 
 
     Operating cash flows from operating leases
 
3,518

     Operating cash flows from finance leases
 
1,378

     Financing cash flows from finance leases
 
4,166



The following table summarizes the Company's undiscounted future minimum lease payments under non-cancellable contractual obligations for operating and financing liabilities as of December 28, 2019:

Fiscal Year
 
Operating Leases
Finance Leases
2020
 
4,833

5,207

2021
 
4,455

4,347

2022
 
4,062

2,015

2023
 
3,190

1,283

2024
 
2,883

1,042

Thereafter
 
14,465

16,041

Total future minimum lease payments (undiscounted)
 
33,888

29,935

Less: Present value discount
 
(8,593
)
(10,452
)
Total lease liability
 
25,295

19,483



On October 22, 2019, the Company sold its Susan Street facility in Santa Ana, California to CenterPoint Properties Trust. The sale price was $37,195. The gain on the sale transaction was $25,121. The transaction was accounted for as a successful sale-leaseback.

Concurrent with the sale of the Susan Street facility, the Company (by a wholly-owned subsidiary) entered into an operating lease to lease back the property for a term of 10 years with two 5 year renewal options. The initial annual rental is $2,083 increasing at 2% per year for the term of the lease. The lease requires the landlord to make certain required capital improvements, at no further rental increase or charge to the Company. The Company is responsible for normal maintenance of the building and facilities. The company concurrently executed a lease guaranty, pursuant to which it guaranteed the prompt payment when due of all rent payments to be made under the lease agreement.

Commitments for minimum rentals under non-cancelable leases, including any applicable rent escalation clauses, were as follows under Topic 840 for 2018:
 
Capital
Leases
 
Operating
Leases
2019
$
4,590

 
$
3,002

2020
4,205

 
2,533

2021
3,333

 
2,121

2022
989

 
1,667

2023
244

 
882

Thereafter

 
3,155

Total commitments
13,361

 
13,360

Less amounts representing interest
(1,265
)
 

Total
$
12,096

 
$
13,360



Rental expense was approximately $4,453 and $3,687 during 2018 and 2017, respectively.