XML 22 R8.htm IDEA: XBRL DOCUMENT

Leases

3 Months Ended

Mar. 26, 2021

NOTE 2 – LEASES

For the three-month periods ended March 26, 2021 and March 27, 2020, cash paid for amounts included in the measurement of operating lease liabilities was $78 and $75, respectively, and lease right-of-use assets obtained in exchange for new operating lease liabilities were $75 and $86, respectively. The weighted-average remaining lease term was four years as of both March 26, 2021 and December 31, 2020, and the weighted-average discount rate was 2.4% and 2.6%, respectively.

For the three-month periods ended March 26, 2021 and March 27, 2020, operating lease costs were $78 and $74, respectively, and variable lease costs not included in the lease liability were $14 and $15, respectively. Total lease cost for the three-month periods ended March 26, 2021 and March 27, 2020 was $92 and $89, respectively. The Partnership's future undiscounted cash outflows for operating leases are summarized below as of:

	March 26,		December 31,
	2021		2020
2021	$	234	$	300
2022		261		247
2023		204		190
2024		139		125
2025		78		65
Thereafter		69		60
Total lease payments		985		987
Less: Interest		46		49
Total present value of lease liabilities	$	939	$	938

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