v3.26.1
Operating Leases (Tables)
6 Months Ended
Jul. 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):

 

 

July 3, 2026

 

 

January 2, 2026

 

Machinery and equipment

 

$

856

 

 

$

773

 

Computer equipment and software

 

 

68

 

 

 

413

 

Real property

 

 

38,974

 

 

 

39,824

 

Operating lease right-of-use assets, gross

 

 

39,898

 

 

 

41,010

 

Less accumulated depreciation

 

 

(12,393

)

 

 

(11,401

)

Operating lease right-of-use assets, net

 

$

27,505

 

 

$

29,609

 

 

 

 

 

 

 

 

Current operating lease obligations

 

$

6,176

 

 

$

5,872

 

Long-term operating lease obligations

 

 

29,765

 

 

 

32,481

 

Total operating lease liability

 

$

35,941

 

 

$

38,353

 

Weighted-average remaining lease term (in years)

 

 

6.3

 

 

 

6.7

 

Weighted-average discount rate

 

 

6.45

%

 

 

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

 

 

Six Months Ended

 

 

 

July 3, 2026

 

 

June 27, 2025

 

 

July 3, 2026

 

 

June 27, 2025

 

Operating lease cost

 

$

2,029

 

 

$

1,798

 

 

$

4,153

 

 

$

3,947

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows

 

 

2,043

 

 

 

1,661

 

 

 

4,025

 

 

 

3,313

 

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

 

 

324

 

 

 

1,629

 

 

 

773

 

 

 

1,933

 

 

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 July 3, 2026 is as follows (in thousands):

 

As of July 3, 2026
12 Months Ended

 

Operating Leases

 

June 2027

 

$

8,316

 

June 2028

 

 

7,193

 

June 2029

 

 

7,200

 

June 2030

 

 

6,727

 

June 2031

 

 

5,606

 

Thereafter

 

 

9,791

 

Total future minimum lease payments

 

 

44,833

 

Less amounts representing interest

 

 

(8,892

)

Total lease liability

 

$

35,941