v3.26.1
Operating Leases:
6 Months Ended
Jun. 27, 2026
Operating Leases:  
Operating Leases:

10. Operating Leases:

As of June 27, 2026, the Company leases its Minnesota corporate headquarters in a facility with an operating lease that expires in December 2029. The remaining lease term for this lease is 3.5 years and the discount rate is 5.5%. The Company recognized $557,400 and $484,800 of rent expense for the periods ended June 27, 2026 and June 28, 2025, respectively.

Maturities of operating lease liabilities is as follows for the remainder of fiscal 2026 and full fiscal years thereafter as of June 27, 2026:

Operating Lease Liabilities expected to be recognized in

  ​ ​ ​

Amount

2026

$

417,900

2027

 

851,100

2028

 

874,600

2029

 

898,600

2030

 

Thereafter

 

Total lease payments

3,042,200

Less imputed interest

(278,400)

Present value of lease liabilities

$

2,763,800

Of the $2.8 million operating lease liability outstanding at June 27, 2026, $0.7 million is included in Accrued liabilities in the Current liabilities section of the Consolidated Condensed Balance Sheets.

Supplemental cash flow information related to our operating leases is as follows for the period ended June 27, 2026:

Six Months Ended

  ​ ​ ​

June 27, 2026

  ​ ​ ​

June 28, 2025

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

Operating cash flow outflow from operating leases

$

410,400

$

399,300