|
As
of October 2, 2022, the remaining minimum base lease and estimated common area maintenance (CAM) payments under the non-cancellable office
equipment and facility space leases are as follows:
Non-cancellable
Operating Leases Minimum Payments
Schedule of Non-cancellable Operating Leases Minimum Payments
| |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
(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 |
|
| 2023 Base year lease |
|
$ |
317 |
|
|
$ |
288 |
|
|
$ |
15 |
|
|
$ |
620 |
|
|
$ |
235 |
|
| 2024 Base year lease |
|
|
327 |
|
|
|
296 |
|
|
|
15 |
|
|
|
638 |
|
|
|
240 |
|
| 2025 Base year lease |
|
|
336 |
|
|
|
305 |
|
|
|
15 |
|
|
|
656 |
|
|
|
245 |
|
| 2026 Base year lease |
|
|
346 |
|
|
|
313 |
|
|
|
3 |
|
|
|
662 |
|
|
|
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 |
|
|
1,925 |
|
|
$ |
1,937 |
|
|
$ |
48 |
|
|
|
3,910 |
|
|
$ |
1,434 |
|
| Imputed
interest on lease payments (1) |
|
|
(258 |
) |
|
|
(283 |
) |
|
|
(4 |
) |
|
|
(545 |
) |
|
|
|
|
| Total
Operating Lease Liability |
|
$ |
1,667 |
|
|
$ |
1,654 |
|
|
$ |
44 |
|
|
$ |
3,365 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Right-of-use
Asset(3) |
|
$ |
1,587 |
|
|
$ |
1,591 |
|
|
$ |
44 |
|
|
$ |
3,222 |
|
|
|
|
|
| (1) |
Assumes
a discount borrowing rate of 5.0% on the new lease amendments effective as of January 11, 2021. |
| (2) |
Includes
$143 thousand of unamortized deferred rent. |
| (3) |
Short-term
and Long-term portion of Operating Lease Liability is $604 thousand and $2,761 thousand, respectively. |
|