Leases

12 Months Ended

Dec. 27, 2024

Leases [Abstract]

Leases

Note 8 — Leases

Finance Leases

The Company entered into finance leases primarily related to purchases of equipment used for manufacturing, furniture and computer-related equipment. These finance leases are two to five years in length and have fixed payment amounts for the term of the contract and have options to purchase the assets at the end of the lease term. Supplemental balance sheet information related to finance leases consisted of the following (dollars in thousands):

	2024			2023
Computer equipment and software	$	2		$	6
Furniture and fixtures		475			475
Finance lease ROU assets, gross		477			481
Less accumulated depreciation		(440	)		(298	)
Finance lease ROU assets, net	$	37		$	183
Current finance lease obligations	$	42		$	165
Long-term finance lease obligations		—			42
Total finance lease liability	$	42		$	207
Weighted-average remaining lease term (in years)		0.3			1.3
Weighted-average discount rate		4.25	%		4.24	%

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

	Years Ended
	2024		2023		2022
Amortization of finance lease ROU asset	$	147	$	151	$	160
Interest on finance lease liabilities		6		12		17
Cash paid for amounts included in the measurement of finance lease liabilities:
Operating cash flows		6		12		17
Financing cash flows		165		161		126

Operating Leases

The Company entered into operating leases primarily related to real property (office, manufacturing and warehouse facilities), automobiles and copiers. These operating leases are two to ten years in length with options to extend. The Company does not include any lease extensions in the initial valuation unless the Company was reasonably certain to extend the lease. Depending on the lease, there are those with fixed payment amounts for the entire length of the contract or payments which increase periodically as noted in the contract or increased at an inflation rate indicator. For operating leases that increase using an inflation rate indicator, the Company used the inflation rate at the time the lease was entered into for the length of the lease term.

Note 8 — Leases (Continued)

Operating Leases (Continued)

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

	2024			2023
Machinery and equipment	$	758		$	735
Computer equipment and software		446			446
Real property		47,648			40,869
Operating lease ROU assets, gross		48,852			42,050
Less accumulated depreciation		(12,002	)		(7,663	)
Operating lease ROU assets, net	$	36,850		$	34,387
Current operating lease obligations	$	3,894		$	4,202
Long-term operation lease obligations		34,807			31,425
Total operating lease liability	$	38,701		$	35,627
Weighted-average remaining lease term (in years)		7.1			7.3
Weighted-average discount rate		5.98	%		5.48	%

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

	Years Ended
	2024		2023		2022
Operating lease cost	$	8,574	$	5,239	$	4,473
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows		6,016		4,875		4,171
ROU assets obtained in exchange for new operating lease liabilities		8,385		8,498		2,860

Future Maturities of Lease Liabilities

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

Year Ended	Operating Leases			Finance Leases
2025	$	6,449		$	42
2026		4,486			—
2027		7,047			—
2028		6,998			—
2029		7,078			—
Thereafter		19,243			—
Total minimum lease payments, including interest	$	51,301		$	42
Less amounts representing interest		(12,600	)		—
Total lease liability	$	38,701		$	42