Commitments and Contingencies

12 Months Ended

Jan. 01, 2016

Commitments and Contingencies Disclosure [Abstract]

Note 12: Commitments and Contingencies

The following is a summary of the future minimum payments, required under non-cancelable operating leases, with terms in excess of one year, as of January 1, 2016:

(In thousands)
	Lease
Fiscal year	commitments
2016	$	7,919
2017		5,780
2018		3,221
2019		2,062
2020		1,151
Thereafter		1,444
	$	21,577

Total rent expense from property leases in fiscal 2015, 2014, and 2013 was $6,202,000, $5,951,000 and $5,929,000, respectively. Total expense from other operating leases in fiscal 2015, 2014, and 2013 was $1,794,000, $1,965,000 and $1,704,000, respectively. The Company had $432,000 in outstanding purchase commitments as of January 1, 2016. These commitments are expected to be fulfilled by the end of fiscal 2016.

On December 14, 2015, the Company entered into an agreement to purchase a 1.1 acre parcel of land with 27,000 square feet of warehouse storage space in Menlo Park, California adjacent to the Company’s owned office and lab facilities. The Company has leased this warehouse storage space for the past 25 years. The total purchase price is $8,250,000. On February 18, 2016, all of the purchase contingencies were released and the Company expects the sale to close in the next year.

The Company is a party to various legal actions from time to time and may be contingently liable in connection with claims and contracts arising in the normal course of business, the outcome of which the Company believes, after consultation with legal counsel, will not have a material adverse effect on its financial condition, results of operations or liquidity. However, due to the risks and uncertainties inherent in legal proceedings, actual results could differ from current expected results. All legal costs associated with litigation are expensed as incurred.