v3.26.1
Operating Leases (Tables)
3 Months Ended
Apr. 03, 2026
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Operating Leases Supplemental balance sheet information related to operating leases consisted of the following (dollars in thousands):

 

 

April 3, 2026

 

 

January 2, 2026

 

Machinery and equipment

 

$

813

 

 

$

773

 

Computer equipment and software

 

 

373

 

 

 

413

 

Real property

 

 

39,095

 

 

 

39,824

 

Operating lease right-of-use assets, gross

 

 

40,281

 

 

 

41,010

 

Less accumulated depreciation

 

 

(11,709

)

 

 

(11,401

)

Operating lease right-of-use assets, net

 

$

28,572

 

 

$

29,609

 

 

 

 

 

 

 

 

Current operating lease obligations

 

$

6,102

 

 

$

5,872

 

Long-term operating lease obligations

 

 

31,189

 

 

 

32,481

 

Total operating lease liability

 

$

37,291

 

 

$

38,353

 

Weighted-average remaining lease term (in years)

 

 

6.5

 

 

 

6.7

 

Weighted-average discount rate

 

 

6.41

%

 

 

6.33

%

Supplemental Cash Flow Information Related to Operating Leases

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

 

 

 

Three Months Ended

 

 

 

April 3, 2026

 

 

March 28, 2025

 

Operating lease cost

 

$

2,124

 

 

$

2,149

 

Cash paid for amounts included in the measurement of operating lease liabilities:

 

 

 

 

 

 

Operating cash flows

 

 

1,982

 

 

 

1,652

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

449

 

 

 

304

 

 

Schedule of Estimated Future Maturities of Lease Liabilities under Operating and Finance Leases Having Initial or Remaining Non-Cancelable Lease Terms More Than One Year

Estimated future maturities of lease liabilities under operating leases having initial or remaining non-cancelable lease terms more than one year as of April 3, 2026 is as follows (in thousands):

 

As of April 3, 2026
12 Months Ended

 

Operating Leases

 

March 2027

 

$

8,380

 

March 2028

 

 

7,388

 

March 2029

 

 

7,114

 

March 2030

 

 

7,021

 

March 2031

 

 

5,922

 

Thereafter

 

 

11,261

 

Total future minimum lease payments

 

 

47,086

 

Less amounts representing interest

 

 

(9,795

)

Total lease liability

 

$

37,291