We lease real estate space under non-cancelable operating lease agreements for commercial and industrial space, as well as for a portion of our corporate headquarters located in Livermore, California. Our leases have remaining terms of one to nine years, and some leases include options to extend up to 20 years. We also have operating leases for automobiles with remaining lease terms of one year. We did not include any of our renewal options in our lease terms for calculating our lease liability as the renewal options allow us to maintain operational flexibility and we are not reasonably certain we will exercise these options at this time. The weighted-average remaining lease term for our operating leases was three years as of March 28, 2026 and the weighted-average discount rate was 5.1%.

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


	Three Months Ended
	March 28, 2026		March 29, 2025
Lease expense:
Operating lease expense	$	3,031	$	2,151
Short-term lease expense	168		104
Variable lease expense	754		780
	$	3,953	$	3,035


Fiscal Year	Amount
Remainder of 2026	$	6,865
2027	8,746
2028	5,064
2029	594
2030	456
Thereafter	972
Total minimum lease payments	22,697
Less: interest	(2,733)
Present value of net minimum lease payments	19,964
Less: current portion	(8,326)
Total long-term operating lease liabilities	$	11,638