Note 12 - Leases |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 27, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Lessee, Operating Leases [Text Block] |
Note 12 – Leases
The Company made cash payments related to its recognized operating leases of $497,000 and $408,000 during the three months ended June 27, 2021 and June 28, 2020, respectively. Such payments reduced the operating lease liabilities and were included in the cash flows provided by operating activities in the accompanying unaudited condensed consolidated statements of cash flows. As of June 27, 2021, the Company’s operating leases have a weighted-average remaining lease term of 2.4 years and the weighted-average discount rate is 3.6%.
During the three-month periods ended June 27, 2021 and June 28, 2020, the Company classified its operating lease costs within the accompanying unaudited condensed consolidated statements of income as follows (in thousands):
The maturities of the Company’s operating lease liabilities as of June 27, 2021 are as follows (in thousands):
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