Leases (Tables)

6 Months Ended

Jun. 28, 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):

	June 28, 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		(372	)		(298	)
Finance lease right-of-use assets, net	$	109		$	183
Current finance lease obligations	$	125		$	165
Long-term finance lease obligations		—			42
Total finance lease liability	$	125		$	207
Weighted-average remaining lease term (in years)		0.8			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				Six Months Ended
	June 28, 2024		June 30, 2023		June 28, 2024		June 30, 2023
Amortization of finance lease right-of-use asset	$	37	$	38	$	74	$	77
Interest on finance lease liabilities		2		3		4		7
Cash paid for amounts included in the measurement of finance lease liabilities:
Operating cash flows		2		3		4		7
Financing cash flows		42		40		82		82

Supplemental Balance Sheet Information Related to Operating Leases

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

	June 28, 2024			December 29, 2023
Machinery and equipment	$	696		$	735
Computer equipment and software		445			446
Real property		43,302			40,869
Operating lease right-of-use assets, gross		44,443			42,050
Less accumulated depreciation		(9,472	)		(7,663	)
Operating lease right-of-use assets, net	$	34,971		$	34,387
Current operating lease obligations	$	4,648		$	4,202
Long-term operating lease obligations		31,499			31,425
Total operating lease liability	$	36,147		$	35,627
Weighted-average remaining lease term (in years)		7.1			7.3
Weighted-average discount rate		5.52	%		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				Six Months Ended
	June 28, 2024		June 30, 2023		June 28, 2024		June 30, 2023
Operating lease cost	$	2,089	$	1,357	$	4,312	$	2,464
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows		1,481		1,152		2,865		2,325
Right-of-use assets obtained in exchange for new operating lease liabilities		1,991		1,511		3,486		3,420

Note 7 – Leases (Continued)

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 June 28, 2024 is as follows (in thousands):

.

As of June 28, 2024 12 Months Ended	Operating Leases			Finance Leases
June 2025	$	6,776		$	127
June 2026		5,579			—
June 2027		5,884			—
June 2028		5,707			—
June 2029		5,773			—
Thereafter		16,535			—
Total future minimum lease payments	$	46,254		$	127
Less amounts representing interest		(10,107	)		(2	)
Total lease liability	$	36,147		$	125