|
As
of January 3, 2022, the remaining minimum lease and estimated CAM payments under the non-cancelable facility space leases are as follows:
Schedule
of Non-cancellable Operating Leases Minimum Payments
| Fiscal Year |
|
Facility
Lease
Payments |
|
|
Facility
Lease
Payments |
|
|
Total
Lease Payments |
|
|
Total
Variable CAM Estimate |
|
| |
|
Non-cancellable
Operating Leases (Thousands)
|
|
|
|
|
| |
|
Optex
Richardson |
|
|
Applied
Optics Center |
|
|
Consolidated |
|
| Fiscal Year |
|
Facility
Lease
Payments |
|
|
Facility
Lease
Payments |
|
|
Total
Lease Payments |
|
|
Total
Variable CAM Estimate |
|
| 2022 Base year lease |
|
|
232 |
|
|
|
212 |
|
|
|
444 |
|
|
|
175 |
|
| 2023 Base year lease |
|
|
317 |
|
|
|
288 |
|
|
|
605 |
|
|
|
235 |
|
| 2024 Base year lease |
|
|
327 |
|
|
|
296 |
|
|
|
623 |
|
|
|
240 |
|
| 2025 Base year lease |
|
|
336 |
|
|
|
305 |
|
|
|
641 |
|
|
|
245 |
|
| 2026 Base year lease |
|
|
346 |
|
|
|
313 |
|
|
|
659 |
|
|
|
249 |
|
| 2027 Base year lease |
|
|
357 |
|
|
|
322 |
|
|
|
679 |
|
|
|
254 |
|
| 2028 Base year lease |
|
|
242 |
|
|
|
330 |
|
|
|
572 |
|
|
|
184 |
|
| 2029 Base year lease |
|
|
- |
|
|
|
83 |
|
|
|
83 |
|
|
|
27 |
|
| Total base lease payments |
|
|
2,157 |
|
|
$ |
2,149 |
|
|
|
4,306 |
|
|
$ |
1,609 |
|
| Imputed
interest on lease payments (1) |
|
|
(316 |
) |
|
|
(341 |
) |
|
|
(657 |
) |
|
|
|
|
| Total
Operating Lease Liability(2) |
|
$ |
1,841 |
|
|
$ |
1,808 |
|
|
$ |
3,649 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Right-of-use
Asset(3) |
|
$ |
1,773 |
|
|
$ |
1,758 |
|
|
$ |
3,531 |
|
|
|
|
|
| (1) |
Assumes
a discount borrowing rate of 5.0% on the new lease amendments effective as of January 11, 2021. |
| (2) |
Includes
$118 thousand of unamortized deferred rent. |
| (3) |
Short-term
and Long-term portion of Operating Lease Liability is $579 thousand and $3,070 thousand, respectively. |
|