Leases

3 Months Ended

Mar. 28, 2025

Leases [Abstract]

Leases

NOTE 2 – LEASES

For the three-month periods ended March 28, 2025 and March 29, 2024, respectively, cash paid for amounts included in the measurement of operating lease liabilities was $90 and $86, respectively, and lease right-of-use assets obtained in exchange for new operating lease liabilities were $98 and $105, respectively. As of March 28, 2025 and December 31, 2024, the weighted-average remaining lease term was four years for both periods and the weighted-average discount rates were 4.1% and 4.0%, 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 28, 2025		March 29, 2024
Operating lease cost	$	88	$	86
Variable lease cost		19		17
Total lease cost	$	107	$	103

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

	March 28, 2025
2025	$	294
2026		313
2027		253
2028		188
2029		114
Thereafter		126
Total lease payments		1,288
Less: Interest		153
Total present value of lease liabilities	$	1,135

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