|
As of March 30, 2025, 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:
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
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2025 Base year lease |
|
|
171 |
|
|
|
153 |
|
|
|
7 |
|
|
|
331 |
|
|
|
146 |
|
| 2026 Base year lease |
|
|
346 |
|
|
|
313 |
|
|
|
4 |
|
|
|
663 |
|
|
|
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 |
|
$ |
1,115 |
|
|
$ |
1,201 |
|
|
$ |
11 |
|
|
$ |
2,327 |
|
|
$ |
980 |
|
| Imputed interest on lease payments (1) |
|
|
(87 |
) |
|
|
(109 |
) |
|
|
- |
|
|
|
(196 |
) |
|
|
|
|
| Total Operating Lease Liability(2) |
|
$ |
1,028 |
|
|
$ |
1,092 |
|
|
$ |
11 |
|
|
$ |
2,131 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Right-of-use Asset(3) |
|
$ |
944 |
|
|
$ |
1,015 |
|
|
$ |
11 |
|
|
$ |
1,970 |
|
|
|
|
|
| (1) |
Assumes a discount borrowing rate of 5.0% on the lease amendments effective as of January 11, 2021. |
| |
|
| (2) |
Short-term and Long-term portion of Operating Lease Liability is $644 thousand and $1,487 thousand, respectively. |
| |
|
| (3) |
Includes $161 thousand of unamortized deferred rent. |
|