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Leases
 9 Months Ended
Sep. 26, 2020
Leases [Abstract]  
Leases Leases
The Company has operating and finance leases for leased office and manufacturing facilities and equipment leases. We have concluded that when an agreement grants us the right to substantially all of the economic benefits associated with an identified asset, and we are able to direct the use of that asset throughout the term of the agreement, we have a lease. We lease certain facilities and office equipment under finance leases, and we lease certain production facilities, office equipment and vehicles under operating leases. Some of our leases include options to extend or terminate the leases and these options have been included in the relevant lease term to the extent that they are reasonably certain to be exercised.
The weighted-average remaining term for the Company's operating and financing leases are approximately 6 and 2 years, respectively. The weighted-average discount rates for the Company's operating and financing leases are approximately 3.3% and 5.3%, respectively.
The following is a summary of the Company's ROU assets and liabilities:
(In thousands)September 26, 2020December 31, 2019
Operating Leases:
Operating Right-of-Use Assets, Gross$28,549 $28,788 
Less Accumulated Right-of-Use Asset Impairment1,710 1,019 
Less Accumulated Amortization7,037 4,167 
Operating Right-of-Use Assets, Net$19,802 $23,602 
Short-term Operating Lease Liabilities$4,969 $4,517 
Long-term Operating Lease Liabilities17,582 21,039 
Operating Lease Liabilities$22,551 $25,556 
Finance Leases:
Finance Right-of-Use Assets, Gross$3,484 $3,484 
Less Accumulated Amortization1,784 1,020 
Finance Right-of-Use Assets, Net — Included in Other Assets$1,700 $2,464 
Short-term Finance Lease Liabilities — Included in Accrued Expenses and Other Current Liabilities
$2,041 $1,922 
Long-term Finance Lease Liabilities — Included in Other Liabilities
1,272 2,815 
Finance Lease Liabilities$3,313 $4,737 
The following is a summary of the Company's total lease costs:
Nine Months EndedThree Months Ended
(In thousands)September 26, 2020September 28, 2019September 26, 2020September 28, 2019
Finance Lease Cost:
Amortization of Right-of-Use Assets$765 $765 $255 $255 
Interest on Lease Liabilities170 243 5076
Total Finance Lease Cost935 1,008 305 331 
Operating Lease Cost3,957 3,622 1,3141,216 
Right-of-Use Asset Impairment691 — — — 
Variable Lease Cost1,010 958 377279
Short-term Lease Cost (excluding month-to-month)155 118 4133
Less Sublease and Rental (Income) Expense(1,085)(301)(348)216 
Total Operating Lease Cost4,728 4,397 1,384 1,744 
Total Net Lease Cost$5,663 $5,405 $1,689 $2,075 

The following is a summary of the Company's maturity of lease liabilities:
(In thousands)Operating LeasesFinance Leases
2020$1,490 $537 
20215,373 2,181 
20225,062 743 
20233,692 — 
20242,844 — 
Thereafter6,297 — 
Total Lease Payments24,758 3,461 
Less: Interest2,207 148 
Total Lease Liability$22,551 $3,313 
Leases Leases
The Company has operating and finance leases for leased office and manufacturing facilities and equipment leases. We have concluded that when an agreement grants us the right to substantially all of the economic benefits associated with an identified asset, and we are able to direct the use of that asset throughout the term of the agreement, we have a lease. We lease certain facilities and office equipment under finance leases, and we lease certain production facilities, office equipment and vehicles under operating leases. Some of our leases include options to extend or terminate the leases and these options have been included in the relevant lease term to the extent that they are reasonably certain to be exercised.
The weighted-average remaining term for the Company's operating and financing leases are approximately 6 and 2 years, respectively. The weighted-average discount rates for the Company's operating and financing leases are approximately 3.3% and 5.3%, respectively.
The following is a summary of the Company's ROU assets and liabilities:
(In thousands)September 26, 2020December 31, 2019
Operating Leases:
Operating Right-of-Use Assets, Gross$28,549 $28,788 
Less Accumulated Right-of-Use Asset Impairment1,710 1,019 
Less Accumulated Amortization7,037 4,167 
Operating Right-of-Use Assets, Net$19,802 $23,602 
Short-term Operating Lease Liabilities$4,969 $4,517 
Long-term Operating Lease Liabilities17,582 21,039 
Operating Lease Liabilities$22,551 $25,556 
Finance Leases:
Finance Right-of-Use Assets, Gross$3,484 $3,484 
Less Accumulated Amortization1,784 1,020 
Finance Right-of-Use Assets, Net — Included in Other Assets$1,700 $2,464 
Short-term Finance Lease Liabilities — Included in Accrued Expenses and Other Current Liabilities
$2,041 $1,922 
Long-term Finance Lease Liabilities — Included in Other Liabilities
1,272 2,815 
Finance Lease Liabilities$3,313 $4,737 
The following is a summary of the Company's total lease costs:
Nine Months EndedThree Months Ended
(In thousands)September 26, 2020September 28, 2019September 26, 2020September 28, 2019
Finance Lease Cost:
Amortization of Right-of-Use Assets$765 $765 $255 $255 
Interest on Lease Liabilities170 243 5076
Total Finance Lease Cost935 1,008 305 331 
Operating Lease Cost3,957 3,622 1,3141,216 
Right-of-Use Asset Impairment691 — — — 
Variable Lease Cost1,010 958 377279
Short-term Lease Cost (excluding month-to-month)155 118 4133
Less Sublease and Rental (Income) Expense(1,085)(301)(348)216 
Total Operating Lease Cost4,728 4,397 1,384 1,744 
Total Net Lease Cost$5,663 $5,405 $1,689 $2,075 

The following is a summary of the Company's maturity of lease liabilities:
(In thousands)Operating LeasesFinance Leases
2020$1,490 $537 
20215,373 2,181 
20225,062 743 
20233,692 — 
20242,844 — 
Thereafter6,297 — 
Total Lease Payments24,758 3,461 
Less: Interest2,207 148 
Total Lease Liability$22,551 $3,313