Note 11 – Leases

The Company made cash payments related to its recognized operating leases of $488,000 and $487,000 during the three months ended October 2, 2022 and September 26, 2021, respectively, and $968,000 and $984,000 during the six months ended October 2, 2022 and September 26, 2021, 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. At October 2, 2022, the Company’s operating leases had a weighted-average remaining lease term of 1.6 years and a weighted-average discount rate of 3.6%.

During the three- and six-month periods ended October 2, 2022 and September 26, 2021, 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 October 2, 2022 are as follows (in thousands):