Leases

12 Months Ended

Dec. 30, 2022

Leases [Abstract]

Leases

Note 9 — 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):

	2022			2021
Machinery and equipment	$	30		$	35
Computer equipment and software		18			506
Furniture and fixtures		475			475
Finance lease ROU assets, gross		523			1,016
Less accumulated depreciation		(181	)		(510	)
Finance lease ROU assets, net	$	342		$	506
Current finance lease obligations	$	169		$	127
Long-term finance lease obligations		210			382
Total finance lease liability	$	379		$	509
Weighted-average remaining lease term (in years)		2.2			3.2
Weighted-average discount rate		4.10	%		4.02	%

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

	Years Ended
	2022		2021		2020
Amortization of finance lease ROU asset	$	160	$	83	$	259
Interest on finance lease liabilities		17		6		30
Cash paid for amounts included in the measurement of finance lease liabilities:
Operating cash flows		17		6		30
Financing cash flows		126		348		561
ROU assets obtained in exchange for new finance lease liabilities		—		475		22

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.

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

Note 9 — Leases (Continued)

Operating Leases (Continued)

	2022			2021
Machinery and equipment	$	789		$	760
Computer equipment and software		446			472
Real property		34,465			34,426
Operating lease ROU assets, gross		35,700			35,658
Less accumulated depreciation		(5,430	)		(4,348	)
Operating lease ROU assets, net	$	30,270		$	31,310
Current operating lease obligations	$	3,524		$	3,283
Long-term operation lease obligations		27,136			28,269
Total operating lease liability	$	30,660		$	31,552
Weighted-average remaining lease term (in years)		7.5			7.8
Weighted-average discount rate		3.87	%		3.56	%

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

	Years Ended
	2022		2021		2020
Operating lease cost	$	4,473	$	3,345	$	3,023
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows		4,171		3,259		3,052
ROU assets obtained in exchange for new operating lease liabilities		2,860		29,269		4,938

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
2023	$	5,222		$	182
2024		5,314			173
2025		4,229			42
2026		3,969			—
2027		4,003			—
Thereafter		13,265			—
Total minimum lease payments, including interest	$	36,002		$	397
Less amounts representing interest		(5,342	)		(18	)
Total lease liability	$	30,660		$	379