Leases

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Leases

NOTE 2 – LEASES

For the three-month periods ended March 31, 2023 and March 25, 2022, cash paid for amounts included in the measurement of operating lease liabilities was $83 and $80, respectively, and lease right-of-use assets obtained in exchange for new operating lease liabilities were $108 and $75, respectively. The weighted-average remaining lease term was four years as of both March 31, 2023 and December 31, 2022, and the weighted-average discount rate was 2.8% and 2.6%, 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
	March 31, 2023		March 25, 2022
Operating lease cost	$	83	$	82
Variable lease cost		17		15
Total lease cost	$	100	$	97

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

	March 31, 2023
2023	$	240
2024		270
2025		210
2026		153
2027		90
Thereafter		89
Total lease payments		1,052
Less: Interest		71
Total present value of lease liabilities	$	981

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