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Leases |
Note 6. Leases The Company leases its headquarters, engineering and manufacturing space in Fremont, California under a single non-cancelable operating lease, right of use asset with an expiration date of August 31, 2030. In March 2021, the Company entered into a new agreement to lease office space in Fremont, California under a noncancelable operating lease that expires in April 2026 with an option to extend for five years. The components of lease costs were as follows (in thousands):
Supplemental lease information:
Supplemental cash flow information related to leases are as follows (in thousands):
Maturities of Lease Liabilities The following is a schedule of maturities of lease liabilities as of October 3, 2021 (in thousands).
Prior Year Lease Disclosure under ASC 840 Under the legacy accounting guidance ASC 840, rent expense for the three and nine months ended September 30, 2020 were $0.3 million and $1.0 million, respectively. Minimum commitments under noncancelable operating lease agreements as of December 31, 2020 is as follows (in thousands):
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