| LEASE COMMITMENTS |
LEASE COMMITMENTS The Company leases retail stores, manufacturing, distribution, engineering, and research and development facilities, office space, equipment, and automobiles under operating lease agreements. Leases have remaining lease terms of one to 14 years, inclusive of renewal options that the Company is reasonably certain to exercise. The following table summarizes operating lease assets and obligations, and provides information associated with the measurement of operating lease obligations: | | | | | | | | | | | | | As of | | September 27, 2026 | | December 31, 2025 | | Assets: | | | | | Operating right of use assets | $ | 38,887 | | | $ | 33,415 | | | Liabilities: | | | | | Current operating lease liabilities - Accrued liabilities | 6,757 | | | 5,841 | | | Long-term operating lease liabilities - Other noncurrent liabilities | 34,004 | | | 28,686 | | | Total lease liabilities | $ | 40,761 | | | $ | 34,527 | | | Lease term and discount rate | | | | | Weighted average remaining lease term (in years) | 6.1 | | 5.6 | | Weighted average discount rate | 6.79 | % | | 6.51 | % |
The following summarizes the components of operating lease expense and provides supplemental cash flow information for operating leases: | | | | | | | | | | | | | | | | | | | | | | | | | For the thirteen weeks ended | | For the thirty-nine weeks ended | | September 27, 2026 | | September 28, 2025 | | September 27, 2026 | | September 28, 2025 | | Components of lease expense: | | | | | | | | | Operating lease expense | $ | 2,931 | | | $ | 2,033 | | | $ | 6,966 | | | $ | 5,897 | | | Variable lease expense | 109 | | | 50 | | | 211 | | | 494 | | | Short-term lease expense | 124 | | | 182 | | | 440 | | | 470 | | | Total lease expense | $ | 3,164 | | | $ | 2,265 | | | $ | 7,617 | | | $ | 6,861 | | | Supplemental cash flow information related to leases: | | | | | | | | | Cash paid for amounts included in measurement of operating lease liabilities | $ | 2,278 | | | $ | 1,967 | | | $ | 6,486 | | | $ | 5,748 | | | Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 140 | | | $ | — | | | 10,540 | | | 1,125 | | | Decapitalization of right-of-use assets upon lease termination or modification | 490 | | | 416 | | | 490 | | | 447 | | The following table summarizes the maturities of the Company's operating lease liabilities as of September 27, 2026: | | | | | | | 2026 (excluding the thirty-nine weeks ended September 27, 2026) | $ | 2,285 | | | 2027 | 9,255 | | | 2028 | 8,711 | | | 2029 | 7,481 | | | 2030 | 6,788 | | | Thereafter | 15,035 | | | Total lease payments | 49,555 | | | Less imputed interest | (8,794) | | | Present value of lease liabilities | $ | 40,761 | |
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