|
As
of September 29, 2024, 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
| 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
|
|
| 2025 Base year lease |
|
$ |
336 |
|
|
$ |
305 |
|
|
$ |
15 |
|
|
$ |
656 |
|
|
$ |
274 |
|
| 2026 Base year lease |
|
|
346 |
|
|
|
313 |
|
|
|
3 |
|
|
|
662 |
|
|
|
280 |
|
| 2027 Base year lease |
|
|
357 |
|
|
|
322 |
|
|
|
- |
|
|
|
679 |
|
|
|
285 |
|
| 2028 Base year lease |
|
|
242 |
|
|
|
330 |
|
|
|
- |
|
|
|
572 |
|
|
|
207 |
|
| 2029 Base year lease |
|
|
- |
|
|
|
83 |
|
|
|
- |
|
|
|
83 |
|
|
|
31 |
|
| Total base lease payments |
|
$ |
1,281 |
|
|
$ |
1,353 |
|
|
$ |
18 |
|
|
$ |
2,652 |
|
|
$ |
1,077 |
|
| Imputed interest on lease payments (1) |
|
|
(114 |
) |
|
|
(139 |
) |
|
|
(1 |
) |
|
|
(254 |
) |
|
|
|
|
| Total Operating Lease Liability(2) |
|
$ |
1,167 |
|
|
$ |
1,214 |
|
|
$ |
17 |
|
|
$ |
2,398 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Right-of-use Asset(3) |
|
$ |
1,079 |
|
|
$ |
1,137 |
|
|
$ |
17 |
|
|
$ |
2,233 |
|
|
|
|
|
| (1) |
Assumes
a discount borrowing rate of 5.0% on the new lease amendments effective as of January 11, 2021. |
| |
|
| (2) |
Includes
$165 thousand of unamortized deferred rent. |
| |
|
| (3) |
Short-term
and Long-term portion of Operating Lease Liability is $638 thousand and $1,760 thousand, respectively. |
|