v3.26.1
Leases
3 Months Ended
Mar. 27, 2026
Leases [Abstract]  
Leases

NOTE 2 – LEASES

For the three-month periods ended March 27, 2026 and March 28, 2025, cash paid for amounts included in the measurement of operating lease liabilities was $94 and $90, respectively, and lease right-of-use assets obtained in exchange for new operating lease liabilities were $105 and $98, respectively. As of March 27, 2026 and December 31, 2025, the weighted-average remaining lease term was five years for both periods and the weighted-average discount rate was 4.4% for both periods.

The following table summarizes the Partnership's operating lease cost, variable lease cost not included in the lease liability and total lease cost for the:

 

 

Three Months Ended

 

 

 

March 27, 2026

 

 

March 28, 2025

 

Operating lease cost

 

$

93

 

 

$

88

 

Variable lease cost

 

 

20

 

 

 

19

 

Total lease cost

 

$

113

 

 

$

107

 

The Partnership's future undiscounted cash outflows for operating leases are summarized below as of:

 

March 27, 2026

 

2026

$

276

 

2027

 

326

 

2028

 

264

 

2029

 

191

 

2030

 

119

 

Thereafter

 

202

 

Total lease payments

 

1,378

 

Less: Interest

 

152

 

Total present value of lease liabilities

$

1,226

 

 

While the rights and obligations for leases that have not yet commenced are not significant, the Partnership regularly enters into new branch office leases.