|
As
of April 2, 2023, 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
Non-cancellable
Operating Leases Minimum Payments
| Fiscal Year |
|
Facility Lease Payments |
|
|
Facility Lease Payments |
|
|
Lease Payments |
|
|
Total Lease
Payments |
|
|
Total Variable
CAM Estimate |
|
| |
|
(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 |
|
$ |
161 |
|
|
$ |
145 |
|
|
$ |
7 |
|
|
$ |
313 |
|
|
$ |
125 |
|
| 2024 Base year lease |
|
|
327 |
|
|
|
296 |
|
|
|
15 |
|
|
|
638 |
|
|
|
256 |
|
| 2025 Base year lease |
|
|
336 |
|
|
|
305 |
|
|
|
15 |
|
|
|
656 |
|
|
|
261 |
|
| 2026 Base year lease |
|
|
346 |
|
|
|
313 |
|
|
|
3 |
|
|
|
662 |
|
|
|
266 |
|
| 2027 Base year lease |
|
|
357 |
|
|
|
322 |
|
|
|
- |
|
|
|
679 |
|
|
|
272 |
|
| 2028 Base year lease |
|
|
242 |
|
|
|
330 |
|
|
|
- |
|
|
|
572 |
|
|
|
198 |
|
| 2029 Base year lease |
|
|
- |
|
|
|
83 |
|
|
|
- |
|
|
|
83 |
|
|
|
30 |
|
| Total base lease payments |
|
$ |
1,769 |
|
|
$ |
1,794 |
|
|
$ |
40 |
|
|
$ |
3,603 |
|
|
$ |
1,408 |
|
| Imputed interest on lease payments (1) |
|
|
(218 |
) |
|
|
(243 |
) |
|
|
(2 |
) |
|
|
(463 |
) |
|
|
|
|
| Total Operating Lease Liability(3) |
|
$ |
1,551 |
|
|
$ |
1,551 |
|
|
$ |
38 |
|
|
$ |
3,140 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Right-of-use Asset(2) |
|
$ |
1,465 |
|
|
$ |
1,481 |
|
|
$ |
38 |
|
|
$ |
2,984 |
|
|
|
|
|
| (1) |
Assumes
a discount borrowing rate of 5.0% on the new lease amendments effective as of January 11, 2021. |
| |
|
| (2) |
Includes
$156 thousand of unamortized deferred rent. |
| |
|
| (3) |
Short-term
and Long-term portion of Operating Lease Liability is $612 thousand and $2,528 thousand, respectively. |
|