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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 six months ended June 29, 2019, operating lease costs totaled $1,818.
Supplemental balance sheet information related to operating leases is as follows:
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|
|
June 29, 2019
|
|
|
Right-of-use assets
|
|
$
|
13,592
|
|
|
|
|
|
|
|
|
Current operating lease liabilities
|
|
$
|
3,100
|
|
|
Non-current operating lease liabilities
|
|
|
10,634
|
|
|
Total operating lease liabilities
|
|
$
|
13,734
|
|
|
|
|
|
|
|
|
Weighted average remaining lease term (in years):
|
|
|
5.8
|
|
|
|
|
|
|
|
|
Weighted average discount rate:
|
|
|
4.7
|
%
|
Supplemental cash flow and other information related to leases is as follows:
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|
|
Six Months Ended
|
|
|
|
|
June 29, 2019
|
|
|
Cash paid for amounts included in the measurement of lease liabilities:
|
|
|
|
|
|
Operating cash flows from operating leases
|
|
$
|
1,825
|
|
|
ROU assets obtained in exchange for new operating lease liabilities
|
|
$
|
1,433
|
|
Maturities of lease liabilities are as follows:
|
|
|
June 29, 2019
|
|
|
2019 Remaining
|
|
$
|
1,841
|
|
|
2020
|
|
|
3,654
|
|
|
2021
|
|
|
3,517
|
|
|
2022
|
|
|
1,695
|
|
|
2023
|
|
|
1,335
|
|
|
2024
|
|
|
963
|
|
|
Thereafter
|
|
|
2,868
|
|
|
Total lease payments
|
|
|
15,873
|
|
|
Less: Imputed interest
|
|
|
(2,139
|
)
|
|
Total lease obligations
|
|
|
13,734
|
|
|
Less: Current lease liabilities
|
|
|
(3,100
|
)
|
|
Non-current lease liabilities
|
|
$
|
10,634
|
|
|