Commitments and Contingencies (Tables)
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12 Months Ended |
Dec. 28, 2019 |
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| Commitments and Contingencies Disclosure |
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| Schedule of lease commitments - Finance lease |
Lease commitments as of December 28, 2019 were as follows:
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Finance Leases
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Operating Leases
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|
Total
|
|
2020
|
|
$
|
1,334
|
|
$
|
1,609
|
|
$
|
2,943
|
|
2021
|
|
|
1,166
|
|
|
1,339
|
|
|
2,505
|
|
2022
|
|
|
1,175
|
|
|
1,045
|
|
|
2,220
|
|
2023
|
|
|
1,189
|
|
|
763
|
|
|
1,952
|
|
2024
|
|
|
1,121
|
|
|
586
|
|
|
1,707
|
|
Thereafter
|
|
|
8,767
|
|
|
—
|
|
|
8,767
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|
Total minimum payments required
|
|
|
14,752
|
|
|
5,342
|
|
|
20,094
|
|
Less portion representing interest
|
|
|
5,485
|
|
|
555
|
|
|
6,040
|
|
Present value of lease obligations
|
|
$
|
9,267
|
|
$
|
4,787
|
|
$
|
14,054
|
|
Less current portion of lease obligations
|
|
|
640
|
|
|
1,368
|
|
|
2,008
|
|
Long-term portion of lease obligations
|
|
$
|
8,627
|
|
$
|
3,419
|
|
$
|
12,046
|
|
| Schedule of quantitative information regarding the Company’s leases |
Quantitative information regarding the Company’s leases as of December 28, 2019 is as follows (in thousands):
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|
|
Fiscal Year ended
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|
|
|
December 28, 2019
|
|
Components of lease cost
|
|
|
|
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Finance lease cost components
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|
|
|
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Amortization of finance lease assets
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|
$
|
1,007
|
|
Interest on finance lease liabilities
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|
|
692
|
|
Total finance lease costs
|
|
$
|
1,699
|
|
Operating lease components
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|
|
|
|
Operating lease cost
|
|
$
|
1,409
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|
Short-term lease cost
|
|
|
—
|
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Total operating lease costs
|
|
$
|
1,409
|
|
|
|
|
|
|
Total lease cost
|
|
$
|
3,108
|
|
|
|
|
|
|
Supplemental cash flow information related to our operating leases is as follows for the period ended December 28, 2019:
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Cash paid for amounts included in the measurement of lease liabilities:
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|
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Operating cash outflow from operating leases
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|
$
|
1,297
|
|
Operating cash outflow from financing leases
|
|
|
692
|
|
Financing cash outflow from financing leases
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|
|
654
|
|
|
|
|
|
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Weighted-average remaining lease term-finance leases (in years)
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|
|
12.3
|
|
Weighted-average remaining lease term-operating leases (in years)
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|
|
3.7
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|
Weighted-average discount rate-finance leases
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|
|
7.69
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|
Weighted-average discount rate-operating leases
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|
|
5.59
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| Schedule of lease commitments |
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|
|
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Finance Leases
|
|
Operating Leases
|
|
Total
|
|
2020
|
|
$
|
1,334
|
|
$
|
1,609
|
|
$
|
2,943
|
|
2021
|
|
|
1,166
|
|
|
1,339
|
|
|
2,505
|
|
2022
|
|
|
1,175
|
|
|
1,045
|
|
|
2,220
|
|
2023
|
|
|
1,189
|
|
|
763
|
|
|
1,952
|
|
2024
|
|
|
1,121
|
|
|
586
|
|
|
1,707
|
|
Thereafter
|
|
|
8,767
|
|
|
—
|
|
|
8,767
|
|
Total minimum payments required
|
|
|
14,752
|
|
|
5,342
|
|
|
20,094
|
|
Less portion representing interest
|
|
|
5,485
|
|
|
555
|
|
|
6,040
|
|
Present value of lease obligations
|
|
$
|
9,267
|
|
$
|
4,787
|
|
$
|
14,054
|
|
Less current portion of lease obligations
|
|
|
640
|
|
|
1,368
|
|
|
2,008
|
|
Long-term portion of lease obligations
|
|
$
|
8,627
|
|
$
|
3,419
|
|
$
|
12,046
|
|