Commitments And Contingencies

6 Months Ended

Jul. 04, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments

In March 2010, we entered into a building lease agreement in preparation for the expansion of our manufacturing operations in Singapore. The initial term of the lease was three years, and the lease was accounted for as an operating lease. On August 15, 2012, we renegotiated this lease and entered into a new lease that will expire in June 2018. As of July 4, 2015, the minimum future lease payments to be made under this arrangement are $1.6 million.

In October 2013, we entered into a twenty-four month operating lease for equipment that will expire on December 14, 2015. As of July 4, 2015, the minimum future lease payments to be made under this agreement are $0.2 million.

In August 2014, we entered into a thirty-six month lease agreement for equipment valued at $2.5 million. At the end of the lease term, we have an option to purchase the leased equipment for a bargain purchase price. Accordingly, this lease is classified as a capital lease. The amortization of these leased assets is included with depreciation expense. As of July 4, 2015, the total amortization of the leased equipment is $0.4 million.

The table below summarizes our capital and operating lease commitments as of July 4, 2015:



(In thousands)	Capital Leases		Operating Leases
For the years:
Remainder of 2015	$	436	$	1,646
2016	873		1,191
2017	582		966
2018	—		318
Thereafter	—		—
Total minimum lease payments	$	1,891	$	4,121