|
As
of December 29, 2024, 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 |
|
|
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 |
|
$ |
254 |
|
|
$ |
230 |
|
|
$ |
11 |
|
|
$ |
495 |
|
|
$ |
219 |
|
| 2026 Base year lease |
|
|
346 |
|
|
|
313 |
|
|
|
3 |
|
|
|
662 |
|
|
|
293 |
|
| 2027 Base year lease |
|
|
357 |
|
|
|
322 |
|
|
|
- |
|
|
|
679 |
|
|
|
298 |
|
| 2028 Base year lease |
|
|
241 |
|
|
|
330 |
|
|
|
- |
|
|
|
571 |
|
|
|
213 |
|
| 2029 Base year lease |
|
|
- |
|
|
|
83 |
|
|
|
- |
|
|
|
83 |
|
|
|
30 |
|
| Total base lease payments |
|
$ |
1,198 |
|
|
$ |
1,278 |
|
|
$ |
14 |
|
|
$ |
2,490 |
|
|
$ |
1,053 |
|
| Imputed interest on lease payments (1) |
|
|
(100 |
) |
|
|
(123 |
) |
|
|
- |
|
|
|
(223 |
) |
|
|
|
|
| Total Operating Lease Liability(2) |
|
$ |
1,098 |
|
|
$ |
1,155 |
|
|
$ |
14 |
|
|
$ |
2,267 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Right-of-use Asset(3) |
|
$ |
1,013 |
|
|
$ |
1,076 |
|
|
$ |
14 |
|
|
$ |
2,103 |
|
|
|
|
|
| (1) |
Assumes
a discount borrowing rate of 5.0% on the new lease amendments effective as of January 11, 2021. |
| |
|
| (2) |
Includes
$164 thousand of unamortized deferred rent. |
| |
|
| (3) |
Short-term
and Long-term portion of Operating Lease Liability is $643 thousand and $1,624 thousand, respectively. |
|