Leases

6 Months Ended

Jun. 28, 2024

Leases [Abstract]

Leases

NOTE 2 – LEASES

For the three- and six-month periods ended June 28, 2024 and June 30, 2023, respectively, cash paid for amounts included in the measurement of operating lease liabilities was $87 and $173 and $85 and $168, respectively, and lease right-of-use assets obtained in exchange for new operating lease liabilities were $94 and $199 and $119 and $227, respectively. As of June 28, 2024 and December 31, 2023, the weighted-average remaining lease term was four years for both periods and the weighted-average discount rates were 3.9% and 3.7%, 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 28, 2024		June 30, 2023		June 28, 2024		June 30, 2023
Operating lease cost	$	86	$	84	$	172	$	167
Variable lease cost		18		17		35		34
Total lease cost	$	104	$	101	$	207	$	201

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

	June 28, 2024
2024	$	173
2025		313
2026		258
2027		196
2028		131
Thereafter		132
Total lease payments		1,203
Less: Interest		111
Total present value of lease liabilities	$	1,092

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