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5. 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 ten years. For the three months ended March 28, 2020 and March 30, 2019, operating lease costs totaled $908 in each period.
Supplemental balance sheet information related to operating leases is as follows:
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March 28, 2020
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|
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December 28, 2019
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|
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Right-of-use assets
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$
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10,841
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|
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$
|
12,310
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|
|
Lease liabilities:
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|
|
|
|
|
|
|
|
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Current lease liabilities
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$
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3,092
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|
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$
|
3,155
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Non-current lease liabilities
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|
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7,911
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|
|
|
9,312
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|
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Total lease liabilities
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$
|
11,003
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|
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$
|
12,467
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|
|
|
|
|
|
|
|
|
|
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Weighted average remaining lease term (in years):
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|
|
|
|
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5.3
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Weighted average discount rate:
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|
|
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4.7
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%
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Supplemental cash flow information related to leases is as follows:
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Three Months Ended
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March 28, 2020
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March 30, 2019
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Cash paid for amounts included in the measurement of lease liabilities:
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|
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Operating cash flows from operating leases
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$
|
915
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|
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$
|
913
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Right-of-use assets obtained in exchange for new operating lease liabilities
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$
|
15
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$
|
901
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Maturities of lease liabilities are as follows:
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2020 Remaining
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|
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$
|
2,656
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2021
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|
|
|
|
3,419
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|
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2022
|
|
|
|
|
1,638
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|
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2023
|
|
|
|
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1,289
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|
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2024
|
|
|
|
|
903
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|
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2025
|
|
|
|
|
631
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Thereafter
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|
|
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2,053
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Total lease payments
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|
|
|
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12,589
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Less: Imputed interest
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|
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(1,586
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)
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Total lease obligations
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|
|
|
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11,003
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Less: Current lease liabilities
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|
|
|
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(3,092
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)
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Non-current lease liabilities
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|
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$
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7,911
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