XML 22 R11.htm IDEA: XBRL DOCUMENT v3.25.2
Leases
6 Months Ended
Jun. 27, 2025
Leases [Abstract]  
Leases

NOTE 2 – LEASES

For the three- and six-month periods ended June 27, 2025 and June 28, 2024, respectively, cash paid for amounts included in the measurement of operating lease liabilities was $90 and $180 and $87 and $173, respectively, and lease right-of-use assets obtained in exchange for new operating lease liabilities were $100 and $198 and $94 and $199, respectively. As of June 27, 2025 and December 31, 2024, the weighted-average remaining lease term was four years for both periods and the weighted-average discount rates were 4.2% 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

 

 

Six Months Ended

 

 

 

June 27, 2025

 

 

June 28, 2024

 

 

June 27, 2025

 

 

June 28, 2024

 

Operating lease cost

 

$

90

 

 

$

86

 

 

$

178

 

 

$

172

 

Variable lease cost

 

 

19

 

 

 

18

 

 

 

38

 

 

 

35

 

Total lease cost

 

$

109

 

 

$

104

 

 

$

216

 

 

$

207

 

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

 

June 27, 2025

 

2025

$

210

 

2026

 

330

 

2027

 

271

 

2028

 

207

 

2029

 

133

 

Thereafter

 

157

 

Total lease payments

 

1,308

 

Less: Interest

 

159

 

Total present value of lease liabilities

$

1,149

 

 

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