Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies

v3.8.0.1
Commitments and Contingencies
12 Months Ended
Dec. 30, 2017
Commitments And Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

18.  COMMITMENTS AND CONTINGENCIES

The Company is not a party to any legal proceedings other than routine litigation incidental to its business. In the opinion of management, the amount of ultimate liability with respect to these actions will not materially affect the results of operations, financial position or cash flows of the Company.

OPERATING LEASES - The Company leases manufacturing facilities, production support facilities and office space in various locations around the world.  Total rental expense under these leases for the years ended 2017, 2016 and 2015 was approximately $1,197, $584 and $470, respectively. The following table summarizes the future minimum lease payments under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 30, 2017:

 

2018

 

$

229

 

2019

 

 

128

 

2020

 

 

82

 

2021

 

 

84

 

2022

 

 

85

 

Thereafter

 

 

21

 

Total minimum lease payments

 

$

629

 

 

INSURANCE - The Company accrues for health care benefit costs under a self-funded plan and records a liability for all unresolved claims at the anticipated cost to the Company at the end of the period based on management’s assessment.  The Company believes it has adequate reserves for all self-insurance claims.