Note 12 – Leases

The Company made cash payments related to its recognized operating leases of $487,000 and $403,000 during the three months ended September 26, 2021 and September 27, 2020, respectively, and $984,000 and $811,000 during the six months ended September 26, 2021 and September 27, 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 September 26, 2021, the Company’s operating leases have a weighted-average remaining lease term of 2.2 years and the weighted-average discount rate is 3.6%.
 

During the three and six-month periods ended September 26, 2021 and September 27, 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 September 26, 2021 are as follows (in thousands):