v3.26.3
Leases
9 Months Ended
Sep. 25, 2026
Leases [Abstract]  
Leases

NOTE 2 – LEASES

For the three- and nine-month periods ended September 25, 2026 and September 26, 2025, cash paid for amounts included in the measurement of operating lease liabilities was $95 and $92 and $284 and $272, respectively, and lease right-of-use assets obtained in exchange for new operating lease liabilities were $132 and $109 and $356 and $307, respectively. As of September 25, 2026 and December 31, 2025, the weighted-average remaining lease term was five years for both periods and the weighted-average discount rates were 4.5% and 4.4%, respectively.

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

 

 

Nine Months Ended

 

 

 

September 25, 2026

 

 

September 26, 2025

 

 

September 25, 2026

 

 

September 26, 2025

 

Operating lease cost

 

$

95

 

 

$

91

 

 

$

283

 

 

$

269

 

Variable lease cost

 

 

20

 

 

 

19

 

 

 

60

 

 

 

57

 

Total lease cost

 

$

115

 

 

$

110

 

 

$

343

 

 

$

326

 

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

 

September 25, 2026

 

2026

$

95

 

2027

 

360

 

2028

 

303

 

2029

 

233

 

2030

 

161

 

Thereafter

 

317

 

Total lease payments

 

1,469

 

Less: Interest

 

172

 

Total present value of lease liabilities

$

1,297

 

 

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