Commitments and Contingencies (Tables)
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12 Months Ended |
Dec. 30, 2023 |
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| Commitments and Contingencies. |
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| Schedule of Quantitative information regarding the Company's Leases |
Quantitative information regarding the Company’s leases are as follows (in thousands):
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Fiscal Year ended |
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December 30, 2023 |
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December 31, 2022 |
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January 1, 2022 |
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Components of lease cost |
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Finance lease cost components |
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Amortization of finance lease assets |
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$ |
5,040 |
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$ |
4,440 |
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$ |
2,571 |
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Interest on finance lease liabilities |
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1,058 |
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|
1,139 |
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|
1,111 |
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Total finance lease costs |
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$ |
6,098 |
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$ |
5,579 |
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$ |
3,682 |
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Operating lease costs |
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$ |
4,488 |
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$ |
4,107 |
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$ |
2,441 |
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Total lease cost |
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$ |
10,586 |
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$ |
9,686 |
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$ |
6,123 |
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Supplemental cash flow information related to operating and finance leases is as follows: |
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Fiscal Year ended |
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December 30, 2023 |
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December 31, 2022 |
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January 1, 2022 |
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Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash outflow from operating leases |
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$ |
5,549 |
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$ |
5,269 |
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$ |
3,399 |
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Operating cash outflow from finance leases |
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1,058 |
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1,139 |
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1,111 |
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Financing cash outflow from finance leases |
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4,738 |
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4,232 |
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2,164 |
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Weighted-average remaining lease term-finance leases (in years) |
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5.6 |
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5.8 |
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7.2 |
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Weighted-average remaining lease term-operating leases (in years) |
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4.6 |
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5.4 |
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6.3 |
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Weighted-average discount rate-finance leases |
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6.13 |
% |
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5.72 |
% |
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6.06 |
% |
Weighted-average discount rate-operating leases |
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4.08 |
% |
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4.11 |
% |
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4.12 |
% |
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| Schedule of Lease Commitments - Finance lease |
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Finance Leases |
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Operating Leases |
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Total |
2024 |
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$ |
5,126 |
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$ |
5,529 |
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$ |
10,655 |
2025 |
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4,103 |
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5,140 |
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9,243 |
2026 |
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3,223 |
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4,465 |
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7,688 |
2027 |
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1,885 |
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4,425 |
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6,310 |
2028 |
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1,206 |
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2,662 |
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3,868 |
Thereafter |
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4,634 |
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1,475 |
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6,109 |
Total minimum payments required |
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20,177 |
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23,696 |
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43,873 |
Less portion representing interest |
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3,542 |
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2,205 |
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|
5,747 |
Present value of lease obligations |
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$ |
16,635 |
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$ |
21,491 |
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$ |
38,126 |
Less current portion of lease obligations |
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|
4,308 |
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4,749 |
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|
9,057 |
Long-term portion of lease obligations |
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$ |
12,327 |
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$ |
16,742 |
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$ |
29,069 |
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| Schedule of Lease Commitments - Operating lease |
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Finance Leases |
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Operating Leases |
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Total |
2024 |
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$ |
5,126 |
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$ |
5,529 |
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$ |
10,655 |
2025 |
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4,103 |
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5,140 |
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9,243 |
2026 |
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3,223 |
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4,465 |
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7,688 |
2027 |
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1,885 |
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4,425 |
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6,310 |
2028 |
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1,206 |
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2,662 |
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|
3,868 |
Thereafter |
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4,634 |
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1,475 |
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|
6,109 |
Total minimum payments required |
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20,177 |
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23,696 |
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43,873 |
Less portion representing interest |
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3,542 |
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2,205 |
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|
5,747 |
Present value of lease obligations |
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$ |
16,635 |
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$ |
21,491 |
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$ |
38,126 |
Less current portion of lease obligations |
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|
4,308 |
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|
4,749 |
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|
9,057 |
Long-term portion of lease obligations |
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$ |
12,327 |
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$ |
16,742 |
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$ |
29,069 |
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