Leases

9 Months Ended

Sep. 29, 2023

Leases [Abstract]

Leases

NOTE 2 – LEASES

For the three- and nine-month periods ended September 29, 2023 and September 30, 2022, cash paid for amounts included in the measurement of operating lease liabilities was $85 and $253 and $82 and $243, respectively, and lease right-of-use assets obtained in exchange for new operating lease liabilities were $117 and $344 and $95 and $251, respectively. The weighted-average remaining lease term was four years as of both September 29, 2023 and December 31, 2022, and the weighted-average discount rate was 3.4% 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				Nine Months Ended
	September 29, 2023		September 30, 2022		September 29, 2023		September 30, 2022
Operating lease cost	$	85	$	82	$	252	$	245
Variable lease cost		17		15		51		47
Total lease cost	$	102	$	97	$	303	$	292

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

	September 29, 2023
2023	$	85
2024		315
2025		258
2026		200
2027		138
Thereafter		147
Total lease payments		1,143
Less: Interest		93
Total present value of lease liabilities	$	1,050

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