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6. OPERATING LEASES
The Company leases machinery, equipment, vehicles, buildings and office space throughout its locations, which are classified as operating leases. Remaining terms on these leases range from less than one year to 11 years. For the three months ended March 30, 2019, operating lease costs totaled $908.
Supplemental balance sheet information related to operating leases is as follows:
|
|
|
March 30, 2019
|
|
|
Right-of-use assets
|
|
$
|
14,069
|
|
|
|
|
|
|
|
|
Current operating lease liabilities
|
|
$
|
2,904
|
|
|
Non-current operating lease liabilities
|
|
|
11,305
|
|
|
Total operating lease liabilities
|
|
$
|
14,209
|
|
|
|
|
|
|
|
|
Weighted average remaining lease term (in years):
|
|
|
6.0
|
|
|
|
|
|
|
|
|
Weighted average discount rate:
|
|
|
4.6
|
%
|
Supplemental cash flow and other information related to leases is as follows:
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|
|
Three Months Ended
|
|
|
|
|
March 30, 2019
|
|
|
Cash paid for amounts included in the measurement of lease liabilities:
|
|
|
|
|
|
Operating cash flows from operating leases
|
|
$
|
913
|
|
|
ROU assets obtained in exchange for new operating lease liabilities
|
|
$
|
901
|
|
Maturities of lease liabilities are as follows:
|
|
|
March 30, 2019
|
|
|
2019 Remaining
|
|
$
|
2,710
|
|
|
2020
|
|
|
3,504
|
|
|
2021
|
|
|
3,448
|
|
|
2022
|
|
|
1,702
|
|
|
2023
|
|
|
1,356
|
|
|
2024
|
|
|
985
|
|
|
Thereafter
|
|
|
2,893
|
|
|
Total lease payments
|
|
|
16,598
|
|
|
Less: Imputed interest
|
|
|
(2,389
|
)
|
|
Total lease obligations
|
|
|
14,209
|
|
|
Less: Current lease liabilities
|
|
|
(2,904
|
)
|
|
Non-current lease liabilities
|
|
$
|
11,305
|
|
|