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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 eleven years. For the nine months ended September 28, 2019, operating lease costs totaled $2,724.
Supplemental balance sheet information related to operating leases is as follows:
|
|
|
September 28, 2019
|
|
|
Right-of-use assets
|
|
$
|
12,645
|
|
|
|
|
|
|
|
|
Lease liabilities:
|
|
|
|
|
|
Current lease liabilities
|
|
$
|
3,075
|
|
|
Non-current lease liabilities
|
|
|
9,713
|
|
|
Total lease liabilities
|
|
$
|
12,788
|
|
|
|
|
|
|
|
|
Weighted average remaining lease term (in years):
|
|
|
5.6
|
|
|
|
|
|
|
|
|
Weighted average discount rate:
|
|
|
4.7
|
%
|
Supplemental cash flow and other information related to leases is as follows:
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|
|
For the Nine Months Ended
|
|
|
|
|
September 28, 2019
|
|
|
Cash paid for amounts included in the measurement of lease liabilities:
|
|
|
|
|
|
Operating cash flows from operating leases
|
|
$
|
2,737
|
|
|
ROU assets obtained in exchange for new operating lease liabilities
|
|
$
|
1,465
|
|
Maturities of lease liabilities are as follows:
|
2019 Remaining
|
|
$
|
944
|
|
|
2020
|
|
|
3,594
|
|
|
2021
|
|
|
3,464
|
|
|
2022
|
|
|
1,700
|
|
|
2023
|
|
|
1,345
|
|
|
2024
|
|
|
941
|
|
|
Thereafter
|
|
|
2,773
|
|
|
Total lease payments
|
|
|
14,761
|
|
|
Less: Imputed interest
|
|
|
(1,973
|
)
|
|
Total lease obligations
|
|
|
12,788
|
|
|
Less: Current lease liabilities
|
|
|
(3,075
|
)
|
|
Non-current lease liabilities
|
|
$
|
9,713
|
|
|