Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)

6 Months Ended

Mar. 28, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Non-cancellable Operating Leases Minimum Payments

As of March 28, 2021, the remaining minimum lease and estimated CAM payments under the non-cancelable office and facility space leases are as follows:

Non-cancellable Operating Leases

	(Thousands)
	Optex Richardson			Applied Optics Center			Office Equipment			Consolidated
Fiscal Year	Facility Lease Payments			Facility Lease Payments			Lease Payments			Total Lease Payments			Total Variable CAM Estimate
2021 Base year lease	$	101		$	131		$	9		$	241		$	116
2022 Base year lease		308			234			5			547			237
2023 Base year lease		317			288						605			242
2024 Base year lease		327			296						623			247
2025 Base year lease		336			305						641			252
2026 Base year lease		346			313						659			257
2027 Base year lease		357			322						679			262
2028 Base year lease		241			330						571			188
2029 Base year lease		-			83						83			27
Total base lease payments	$	2,333		$	2,302		$	14		$	4,649		$	1,828
Imputed interest on lease payments ⁽¹⁾		(387	)		(410	)		(1	)		(798	)
Total Operating Lease Liability⁽²⁾	$	1,946		$	1,892		$	13		$	3,851

Right-of-use Asset⁽³⁾	$	1,946		$	1,883		$	13		$	3,842

(1) Assumes a discount borrowing rate of 5.0% on the new lease amendments effective as of January 11, 2021 and 7.5% on the remaining lease term for the Applied Optics Dallas facility through October 31, 2021.

(2) Short-term and Long-term portion of Operating Lease Liability is $477 thousand and $3,374 thousand, respectively.

(3) Includes $9 thousand of unamortized deferred rent for the Applied Optics Lease term expiring on October 31, 2021.