Leases

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Leases

NOTE 2 – LEASES

For the three- and nine-month periods ended September 30, 2022 and September 24, 2021, cash paid for amounts included in the measurement of operating lease liabilities was $82 and $243 and $79 and $239, respectively, and lease right-of-use assets obtained in exchange for new operating lease liabilities were $95 and $251 and $85 and $240, respectively. The weighted-average remaining lease term was four years as of both September 30, 2022 and December 31, 2021, and the weighted-average discount rate was 2.3% 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				Nine Months Ended
	September 30, 2022		September 24, 2021		September 30, 2022		September 24, 2021
Operating lease cost	$	82	$	80	$	245	$	238
Variable lease cost		15		15		47		44
Total lease cost	$	97	$	95	$	292	$	282

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

	September 30, 2022
2022	$	81
2023		296
2024		233
2025		172
2026		114
Thereafter		112
Total lease payments		1,008
Less: Interest		53
Total present value of lease liabilities	$	955

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