Commitments and Contingencies (Tables)
|
12 Months Ended |
Jan. 01, 2022 |
|---|
| Commitments and Contingencies. |
|
| Schedule of lease commitments - Finance lease |
Lease commitments as of January 1, 2022 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
Finance Leases |
|
Operating Leases |
|
Total |
2022 |
|
$ |
3,852 |
|
$ |
5,344 |
|
$ |
9,196 |
2023 |
|
|
3,623 |
|
|
5,653 |
|
|
9,276 |
2024 |
|
|
2,857 |
|
|
5,572 |
|
|
8,429 |
2025 |
|
|
2,159 |
|
|
5,200 |
|
|
7,359 |
2026 |
|
|
1,294 |
|
|
4,512 |
|
|
5,806 |
Thereafter |
|
|
6,762 |
|
|
8,644 |
|
|
15,406 |
Total minimum payments required |
|
|
20,547 |
|
|
34,925 |
|
|
55,472 |
Less portion representing interest |
|
|
4,726 |
|
|
4,357 |
|
|
9,083 |
Present value of lease obligations |
|
$ |
15,821 |
|
$ |
30,568 |
|
$ |
46,389 |
Less current portion of lease obligations |
|
|
2,953 |
|
|
4,201 |
|
|
7,154 |
Long-term portion of lease obligations |
|
$ |
12,868 |
|
$ |
26,367 |
|
$ |
39,235 |
|
| Schedule of quantitative information regarding the Company's leases |
Quantitative information regarding the Company’s leases are as follows (in thousands):
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|
|
Fiscal Year ended |
Fiscal Year ended |
|
Fiscal Year Ended |
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|
|
|
January 1, 2022 |
January 2, 2021 |
|
December 28, 2019 |
|
Components of lease cost |
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|
|
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|
|
Finance lease cost components |
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|
|
|
|
|
|
|
|
|
Amortization of finance lease assets |
|
$ |
2,571 |
|
$ |
1,246 |
|
$ |
1,007 |
|
Interest on finance lease liabilities |
|
|
1,111 |
|
|
735 |
|
|
692 |
|
Total finance lease costs |
|
$ |
3,682 |
|
$ |
1,981 |
|
$ |
1,699 |
|
Operating lease costs |
|
$ |
2,441 |
|
$ |
1,890 |
|
$ |
1,409 |
|
|
|
|
|
|
|
|
|
|
|
|
Total lease cost |
|
$ |
6,123 |
|
$ |
3,871 |
|
$ |
3,108 |
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental cash flow information related to operating and finance leases is as follows: |
|
|
Fiscal Year ended |
|
|
Fiscal Year Ended |
Fiscal Year Ended |
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|
|
|
January 1, 2022 |
January 2, 2021 |
|
December 28, 2019 |
|
Cash paid for amounts included in the measurement of lease liabilities: |
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|
|
|
|
|
|
|
|
|
Operating cash outflow from operating leases |
|
$ |
3,399 |
|
$ |
1,676 |
|
|
1,297 |
|
Operating cash outflow from finance leases |
|
|
1,111 |
|
|
735 |
|
|
692 |
|
Financing cash outflow from finance leases |
|
|
2,164 |
|
|
1,005 |
|
|
670 |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average remaining lease term-finance leases (in years) |
|
|
7.2 |
|
|
8.9 |
|
|
12.3 |
|
Weighted-average remaining lease term-operating leases (in years) |
|
|
6.3 |
|
|
6.3 |
|
|
3.7 |
|
Weighted-average discount rate-finance leases |
|
|
6.06 |
% |
|
6.53 |
% |
|
7.69 |
% |
Weighted-average discount rate-operating leases |
|
|
4.12 |
% |
|
4.13 |
% |
|
5.59 |
% |
|
| Schedule of lease commitments |
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|
|
|
|
|
|
|
|
|
|
|
Finance Leases |
|
Operating Leases |
|
Total |
2022 |
|
$ |
3,852 |
|
$ |
5,344 |
|
$ |
9,196 |
2023 |
|
|
3,623 |
|
|
5,653 |
|
|
9,276 |
2024 |
|
|
2,857 |
|
|
5,572 |
|
|
8,429 |
2025 |
|
|
2,159 |
|
|
5,200 |
|
|
7,359 |
2026 |
|
|
1,294 |
|
|
4,512 |
|
|
5,806 |
Thereafter |
|
|
6,762 |
|
|
8,644 |
|
|
15,406 |
Total minimum payments required |
|
|
20,547 |
|
|
34,925 |
|
|
55,472 |
Less portion representing interest |
|
|
4,726 |
|
|
4,357 |
|
|
9,083 |
Present value of lease obligations |
|
$ |
15,821 |
|
$ |
30,568 |
|
$ |
46,389 |
Less current portion of lease obligations |
|
|
2,953 |
|
|
4,201 |
|
|
7,154 |
Long-term portion of lease obligations |
|
$ |
12,868 |
|
$ |
26,367 |
|
$ |
39,235 |
|