Note 5 - Leases |
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| Lessee, Operating Leases [Text Block] |
Note 5 – Leases
The Company primarily leases office and manufacturing facilities in addition to vehicles, which have remaining terms ranging from less than year to years, four months.
The Company has no finance leases.
Leases recorded on the balance sheet consist of the following (in thousands):
Other information related to lease term and discount rate is as follows:
The components of lease expense are as follows (in thousands):
Right of use assets obtained in exchange for new operating lease liability during the nine fiscal months ended September 27, 2025 were $1.3 million. The Company paid $4.0 million and $3.9 million for its operating leases for each of the nine fiscal months ended September 27, 2025 and September 28, 2024, which are included in operating cash flows on the consolidated condensed statements of cash flows.
Undiscounted maturities of operating lease payments as of September 27, 2025 are summarized as follows (in thousands):
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