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As
of July 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
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(Thousands) |
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Optex Richardson |
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Applied Optics Center |
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Office Equipment |
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Consolidated |
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| Fiscal Year |
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Facility Lease Payments |
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Facility Lease Payments |
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Lease Payments |
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Total Lease Payments |
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|
Total Variable CAM Estimate |
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| 2022 Base year lease |
|
$ |
78 |
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|
$ |
71 |
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|
$ |
4 |
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|
$ |
153 |
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|
$ |
58 |
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| 2023 Base year lease |
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|
317 |
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|
|
288 |
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|
15 |
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|
|
620 |
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|
|
235 |
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| 2024 Base year lease |
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|
327 |
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|
296 |
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|
15 |
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|
638 |
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|
240 |
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| 2025 Base year lease |
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|
336 |
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|
|
305 |
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|
15 |
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|
656 |
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|
245 |
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| 2026 Base year lease |
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|
346 |
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|
313 |
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|
3 |
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|
662 |
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|
249 |
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| 2027 Base year lease |
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|
357 |
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|
322 |
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- |
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|
679 |
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|
254 |
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| 2028 Base year lease |
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|
242 |
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|
330 |
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- |
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|
572 |
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|
184 |
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| 2029 Base year lease |
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- |
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|
83 |
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- |
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|
83 |
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27 |
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| Total base lease payments |
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$ |
2,003 |
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$ |
2,008 |
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$ |
52 |
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$ |
4,063 |
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$ |
1,492 |
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| Imputed interest on lease payments (1) |
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|
(279 |
) |
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(305 |
) |
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(5 |
) |
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(589 |
) |
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| Total Operating Lease Liability(2) |
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$ |
1,724 |
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$ |
1,703 |
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$ |
47 |
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$ |
3,474 |
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| Right-of-use Asset(3) |
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$ |
1,647 |
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$ |
1,645 |
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$ |
47 |
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$ |
3,339 |
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| (1) |
Assumes
a discount borrowing rate of 5.0% on the new lease amendments effective as of January 11, 2021. |
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| (2) |
Includes
$135 thousand of unamortized deferred rent. |
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| (3) |
Short-term
and Long-term portion of Operating Lease Liability is $599 thousand and $2,875 thousand, respectively. |
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