XML 39 R29.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Tables)
3 Months Ended
Jun. 27, 2020
Leases [Abstract]  
Summary of Lease Expense Included in Condensed Consolidated Income Statements Lease expense included in the accompanying condensed consolidated income statements is shown below:

 

(Dollars in thousands)

 

Three Months Ended June 27, 2020

 

 

Three Months Ended

June 29, 2019

 

Operating lease expense

 

$

1,383

 

 

$

1,405

 

Short-term lease expense

 

 

456

 

 

 

373

 

Total lease expense

 

$

1,839

 

 

$

1,778

 

 

Schedule of Operating Lease Assets Included in Condensed Consolidated Balance Sheet

 


Operating lease assets and obligations included in the accompanying condensed consolidated balance sheets are below:

(Dollars in thousands)

 

June 27,

2020

 

 

March 28,

2020

 

Right-of-use assets under operating leases:

 

 

 

 

 

 

 

 

Other long-term assets

 

$

13,440

 

 

$

14,808

 

Lease obligations under operating leases:

 

 

 

 

 

 

 

 

Other current liabilities

 

$

4,502

 

 

$

4,789

 

Other long-term liabilities

 

 

8,938

 

 

 

10,019

 

Total lease obligation

 

$

13,440

 

 

$

14,808

 

 

Summary of Maturities of Lease Obligations

Maturities of lease obligations as of June 27, 2020, are shown below:

 

(Dollars in thousands)

 

June 27,

2020

 

Fiscal 2021 (1)

 

$

4,081

 

Fiscal 2022

 

 

4,714

 

Fiscal 2023

 

 

3,655

 

Fiscal 2024

 

 

1,547

 

Fiscal 2025

 

 

777

 

Thereafter

 

 

1,712

 

Total undiscounted cash flows

 

 

16,486

 

Less: imputed interest

 

 

(3,046

)

Lease obligations under operating leases

 

$

13,440

 

(1)

For remaining period in fiscal year.

Schedule of Weighted Average Remaining Lease Term and Discount Rate

The weighted-average lease term and discount rate for operating leases are shown below:

 

 

 

June 27,

2020

 

Weighted-average remaining lease term (in years)

 

 

4.6

 

Weighted-average discount rate

 

 

5.5

 

 

Schedule of Cash Flow Information Related to Operating Leases

Cash flow information related to operating leases is shown below:

 

 

Three Months Ended

 

(Dollars in thousands)

 

June 27,

2020

 

 

June 29,

2019

 

Non-cash activity:

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for operating lease obligations

 

$

 

 

$

854

 

Operating cash flows:

 

 

 

 

 

 

 

 

Cash paid related to operating lease obligations

 

$

1,410

 

 

$

1,534