The Company's leases are primarily leased properties across different worldwide locations where the Company conducts its business. All of these leases are classified as operating leases. Certain leases may contain options to extend or terminate the lease at the Company's sole discretion. As of June 29, 2025, there were no options to terminate and twenty options to extend that were accounted for in the determination of the applicable lease term for the Company's outstanding leases. Certain leases contain leasehold improvement incentives, retirement obligations, escalating clauses, rent holidays, and variable payments tied to a consumer price index. There were no restrictions or covenants for outstanding leases as of June 29, 2025. The Company did not have any leases that had not yet commenced but that created significant rights and/or obligations as of June 29, 2025.

The components of lease expense were as follows (in thousands):


	Three-months Ended				Six-months Ended
	June 29, 2025		June 30, 2024		June 29, 2025		June 30, 2024
Operating lease expense	$	3,521	$	3,474	$	6,992	$	7,037
Short-term lease expense (1)	211		$	57	420		$	139

Supplemental cash flow information related to leases was as follows (in thousands):


	Three-months Ended				Six-months Ended
	June 29, 2025		June 30, 2024		June 29, 2025		June 30, 2024
Cash paid for amounts included in the measurement of operating lease liabilities	$	3,412	$	3,406	$	6,834	$	6,614

Maturities of lease liabilities as of June 29, 2025 were as follows (in thousands):


	Amount
Remainder of fiscal 2025	$	8,317
2026	15,043
2027	13,361
2028	11,859
2029	9,858
2030	8,816
Thereafter	42,857
Total undiscounted lease payments	$	110,111
Less: imputed interest	26,926
Total operating lease liabilities	$	83,185

The Company leases a building in Singapore that serves as a distribution center for customers in Asia. The lease contains two components: an 88,000 square-foot premises that had a commencement date in June of 2023 and a second 27,000 square-foot premises that does not commence until the fourth quarter of 2025. Accordingly, the second component of the lease has not yet been recorded on the Consolidated Balance Sheets, nor has it created any significant rights and obligations as of June 29, 2025. This second lease component has an original term of eight years and the Company has the right and option to extend this term by an additional five years, commencing upon the expiration of the original term. Undiscounted lease payment obligations associated with this lease component total $14,084,000, $172,000 of which is payable in the remainder of 2025 and which reflects the estimated extension period of five years. Undiscounted lease payment obligations related to this lease component are not included in the lease liability maturity table above as the lease component has not yet commenced.

The Company has entered into a lease for a 6,500 square-foot building in Aachen, Germany for a term of ten years. The lease had a commencement date in June of 2025, and therefore, was recorded on the Consolidated Balance Sheet as of June 29, 2025. The Company has the right and option to extend the term of this lease for an additional period of five years, commencing upon the expiration of the original term. Undiscounted lease payment obligations associated with this lease are included in the lease liability maturity table above and total $9,742,000, $464,000 of which is payable in the remainder of 2025.