v3.25.4
Commitments and Contingencies (Tables)
 3 Months Ended
Dec. 28, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Non-cancellable Operating Leases Minimum Payments

As of December 28, 2025, the remaining minimum base lease and estimated CAM payments under the non-cancellable office equipment and facility space leases are as follows:

 

   

Fiscal Year               
   (Thousands)     
   Optex Richardson   Applied Optics Center   Office Equipment   Consolidated 
Fiscal Year  Facility Lease Payments   Facility Lease Payments   Lease Payments   Total Lease Payments    Total Variable CAM Estimate 
2026 Base year lease  $261   $236   $16   $513   $219 
2027 Base year lease   357    322    22    701    293 
2028 Base year lease   241    330    22    593    209 
2029 Base year lease   -    83    22    105    30 
2030 Base year lease   -    -    5    5    - 
Total base lease payments  $859   $971   $87   $1,917   $751 
Imputed interest on lease payments (1)   (52)   (71)   (10)   (133)     
Total Operating Lease Liability(2)  $807   $900   $77   $1,784      
                          
Right-of-use Asset(3)  $735   $828   $77   $1,640      

 

(1) Assumes a discount borrowing rate of 5.0% on the facilities lease amendments effective as of January 11, 2021 and 6.7% on the office equipment lease agreement effective as of December 11, 2025.
   
(2) Short-term and long-term portions of Operating Lease Liability are $668 thousand and $1,116 thousand, respectively.
   
(3) Includes $144 thousand of unamortized deferred rent.

 

Total expense under both facility lease agreements for the three months ended December 28, 2025 and December 29, 2024 was $240 thousand and $224 thousand, respectively. Total office equipment rentals included in operating expenses was $7 thousand for the three months ended December 28, 2025 and December 29, 2024.