Leases

6 Months Ended

Jun. 24, 2022

Leases [Abstract]

Leases

NOTE 2 – LEASES

For the three- and six-month periods ended June 24, 2022 and June 25, 2021, cash paid for amounts included in the measurement of operating lease liabilities was $81 and $161 and $82 and $160, respectively, and lease right-of-use assets obtained in exchange for new operating lease liabilities were $81 and $156 and $80 and $155, respectively. The weighted-average remaining lease term was four years as of both June 24, 2022 and December 31, 2021, and the weighted-average discount rate was 2.2% and 2.1%, respectively.

The following table summarizes the Partnership's operating lease cost, variable lease cost not included in the lease liability and total lease cost for the:

	Three Months Ended				Six Months Ended
	June 24, 2022		June 25, 2021		June 24, 2022		June 25, 2021
Operating lease cost	$	81	$	80	$	163	$	158
Variable lease cost		17		15		32		29
Total lease cost	$	98	$	95	$	195	$	187

The Partnership's future undiscounted cash outflows for operating leases are summarized below as of:

	June 24, 2022
2022	$	159
2023		279
2024		215
2025		154
2026		97
Thereafter		89
Total lease payments		993
Less: Interest		44
Total present value of lease liabilities	$	949

While the rights and obligations for leases that have not yet commenced are not significant, the Partnership regularly enters into new branch office leases.