Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.19.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Schedule of quantitative information

Quantitative information regarding the Company’s leases as of March 30, 2019 is as follows (in thousands):

 

 

 

 

 

 

    

 

Thirteen weeks ended
March 30, 2019

 

Components of lease cost

 

 

 

 

Finance lease cost components

 

 

 

 

Amortization of finance lease assets

 

$

237

 

Interest on finance lease liabilities

 

 

172

 

Total finance lease costs

 

$

409

 

Operating lease components

 

 

 

 

Operating lease cost

 

$

210

 

Short-term lease cost

 

 

 —

 

Total operating lease costs

 

$

210

 

 

 

 

 

 

Total lease cost

 

$

619

 

 

 

 

 

 

Supplemental cash flow information related to our operating leases is as follows for the period ended March 30, 2019:

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

Operating cash outflow from operating leases

 

$

206

 

 

 

 

 

 

Weighted-average remaining lease term-finance leases (in years)

 

 

13.3

 

Weighted-average remaining lease term-operating leases (in years)

 

 

0.9

 

Weighted-average discount rate-finance leases

 

 

7.71

%

Weighted-average discount rate-operating leases

 

 

5.72

%

 

Schedule of capital lease commitments - Finance lease

Capital lease commitments as of March 30, 2019 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Leases

 

 

Operating Leases

 

 

Total

2019

    

$

962

 

$

640

 

$

1,602

2020

 

 

1,111

 

 

349

 

 

1,460

2021

 

 

944

 

 

19

 

 

963

2022

 

 

952

 

 

 —

 

 

952

2023

 

 

966

 

 

 —

 

 

966

Thereafter

 

 

9,749

 

 

 —

 

 

9,749

Total minimum payments required

 

 

14,684

 

 

1,008

 

 

15,692

Less portion representing interest

 

 

5,844

 

 

37

 

 

5,881

Present value of lease obligations

 

$

8,840

 

$

971

 

$

9,811

Less current portion of lease obligations

 

 

617

 

 

779

 

 

1,396

Long-term portion of lease obligations

 

$

8,223

 

$

192

 

$

8,415

 

Schedule of capital lease commitments - Operating lease

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Leases

 

 

Operating Leases

 

 

Total

2019

    

$

962

 

$

640

 

$

1,602

2020

 

 

1,111

 

 

349

 

 

1,460

2021

 

 

944

 

 

19

 

 

963

2022

 

 

952

 

 

 —

 

 

952

2023

 

 

966

 

 

 —

 

 

966

Thereafter

 

 

9,749

 

 

 —

 

 

9,749

Total minimum payments required

 

 

14,684

 

 

1,008

 

 

15,692

Less portion representing interest

 

 

5,844

 

 

37

 

 

5,881

Present value of lease obligations

 

$

8,840

 

$

971

 

$

9,811

Less current portion of lease obligations

 

 

617

 

 

779

 

 

1,396

Long-term portion of lease obligations

 

$

8,223

 

$

192

 

$

8,415