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5. OPERATING LEASES
The Company leases machinery, equipment, vehicles, buildings and office space throughout its locations, that are classified as operating leases. Remaining terms on these leases range from less than one year to ten years. For the six months ended June 27, 2020 and June 29, 2019, operating lease costs totaled $1,833 and $1,818, respectively.
Supplemental balance sheet information related to operating leases is as follows:
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June 27, 2020
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|
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December 28, 2019
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Right-of-use assets
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$
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10,858
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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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$
|
3,258
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|
|
$
|
3,155
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|
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Non-current lease liabilities
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|
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7,775
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|
|
|
9,312
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|
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Total lease liabilities
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$
|
11,033
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|
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$
|
12,467
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|
|
|
|
|
|
|
|
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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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4.8
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%
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Supplemental cash flow information related to leases is as follows:
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Six Months Ended
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June 27, 2020
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June 29, 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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$
|
1,841
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|
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$
|
1,825
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Right-of-use assets obtained in exchange for new operating lease liabilities
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$
|
256
|
|
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$
|
1,433
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Maturities of lease liabilities are as follows:
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2020 Remaining
|
|
|
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$
|
1,866
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|
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2021
|
|
|
|
|
3,618
|
|
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2022
|
|
|
|
|
1,810
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|
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2023
|
|
|
|
|
1,394
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|
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2024
|
|
|
|
|
987
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2025
|
|
|
|
|
696
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Thereafter
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|
|
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2,264
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Total lease payments
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|
|
|
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12,635
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|
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Less: Imputed interest
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|
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(1,602
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)
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Total lease obligations
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|
|
|
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11,033
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Less: Current lease liabilities
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|
|
|
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(3,258
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)
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Non-current lease liabilities
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|
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$
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7,775
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