Helios Technologies Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Operating Leases

Operating Leases

12 Months Ended

Dec. 28, 2019

7. 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 year ended December 28, 2019, operating lease costs totaled $3,689.

Supplemental balance sheet information related to operating leases is as follows:

	December 28, 2019
Right-of-use assets	$	12,310

Lease liabilities:
Current lease liabilities	$	3,155
Non-current lease liabilities		9,312
Total lease liabilities	$	12,467

Weighted average remaining lease term (in years):		5.6
Weighted average discount rate:		4.8	%

Supplemental cash flow information related to leases is as follows:

	For the Year Ended
	December 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,714
ROU assets obtained in exchange for new operating lease liabilities	$	1,834

Maturities of lease liabilities are as follows:

2020	$	3,670
2021		3,542
2022		1,751
2023		1,395
2024		995
Thereafter		3,006
Total lease payments		14,359
Less: Imputed interest		(1,892	)
Total lease obligations		12,467
Less: Current lease liabilities		(3,155	)
Non-current lease liabilities	$	9,312