Leases (Tables)

3 Months Ended

Mar. 29, 2024

Leases [Abstract]

Supplemental Balance Sheet Information Related to Finance Leases

Supplemental balance sheet information related to finance leases consisted of the following (dollars in thousands):

	March 29, 2024			December 29, 2023
Computer equipment and software	$	6		$	6
Furniture and fixtures		475			475
Finance lease right-of-use assets, gross		481			481
Less accumulated depreciation		(335	)		(298	)
Finance lease right-of-use assets, net	$	146		$	183
Current finance lease obligations	$	166		$	165
Long-term finance lease obligations		—			42
Total finance lease liability	$	166		$	207
Weighted-average remaining lease term (in years)		1.0			1.3
Weighted-average discount rate		4.25	%		4.24	%

Supplemental Cash Flow Information Related to Finance Leases

Supplemental cash flow information related to finance leases consisted of the following (dollars in thousands):

	Three Months Ended
	March 29, 2024		March 31, 2023
Amortization of finance lease right-of-use asset	$	37	$	39
Interest on finance lease liabilities		2		4
Cash paid for amounts included in the measurement of finance lease liabilities:
Operating cash flows		2		4
Financing cash flows		40		42

Note 7 – Leases (Continued)

Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases consisted of the following (dollars in thousands):

	March 29, 2024			December 29, 2023
Machinery and equipment	$	701		$	735
Computer equipment and software		445			446
Real property		42,291			40,869
Operating lease right-of-use assets, gross		43,437			42,050
Less accumulated depreciation		(8,837	)		(7,663	)
Operating lease right-of-use assets, net	$	34,600		$	34,387
Current operating lease obligations	$	4,403		$	4,202
Long-term operating lease obligations		31,126			31,425
Total operating lease liability	$	35,529		$	35,627
Weighted-average remaining lease term (in years)		7.2			7.3
Weighted-average discount rate		5.51	%		5.48	%

Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases was as follows (dollars in thousands):

	Three Months Ended
	March 29, 2024		March 31, 2023
Operating lease cost	$	2,223	$	1,107
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows		1,384		1,173
Right-of-use assets obtained in exchange for new operating lease liabilities		1,495		1,909

Schedule of Estimated Future Maturities of Lease Liabilities under Operating and Finance Leases Having Initial or Remaining Non-Cancelable Lease Terms More Than One Year

Estimated future maturities of lease liabilities under operating and finance leases having initial or remaining non-cancelable lease terms more than one year as of March 29, 2024 is as follows (in thousands):

.

As of March 29, 2024 12 Months Ended	Operating Leases			Finance Leases
March 2025	$	6,433		$	170
March 2026		5,379			—
March 2027		5,508			—
March 2028		5,633			—
March 2029		5,743			—
Thereafter		16,733			—
Total future minimum lease payments	$	45,429		$	170
Less amounts representing interest		(9,900	)		(4	)
Total lease liability	$	35,529		$	166