Quarterly report pursuant to Section 13 or 15(d)

Lease (Tables)

v3.22.1
Lease (Tables)
 3 Months Ended
Apr. 03, 2022
Leases [Abstract]  
Summary of Lease Costs

The components of lease costs were as follows (in thousands):

 

 

 

For the Quarters Ended

 

 

 

April 3, 2022

 

 

March 31, 2021

 

Operating lease cost

 

$

420

 

 

$

292

 
Supplemental lease

Supplemental lease information:

 

 

 

As of

Operating leases

 

April 3, 2022

 

March 31, 2021

Weighted-average remaining lease term

 

8.4 years

 

9.3 years

Weighted-average discount rate

 

6.8%

 

6.8%
Summary of supplemental cash flow information

Supplemental cash flow information related to leases are as follows (in thousands):

 

 

 

For the Quarters Ended

 

 

 

April 3, 2022

 

 

March 31, 2021

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

336

 

 

$

312

 

Lease liabilities arising from obtaining ROU assets:

 

 

 

 

 

 

Operating leases

 

 

—

 

 

 

8,763

 
Schedule of Maturity of Lease Liabilities

Maturities of Lease Liabilities

The following is a schedule of maturities of lease liabilities as of April 3, 2022 (in thousands).

 

 

 

 

 

Operating lease

 

2022 (remaining nine months)

 

 

 

$

1,029

 

2023

 

 

 

 

1,406

 

2024

 

 

 

 

1,449

 

2025

 

 

 

 

1,492

 

2026

 

 

 

 

1,491

 

Thereafter

 

 

 

 

5,774

 

Total

 

 

 

 

12,641

 

Less: imputed interest

 

 

 

 

(3,220

)

Present value of lease liabilities

 

 

 

$

9,421