Astronics Corporation Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

3 Months Ended

Mar. 28, 2020

The following is a summary of the Company's ROU assets and liabilities:


(In thousands)	March 28, 2020		December 31, 2019
Operating Leases:
Operating Right-of-Use Assets, Gross	$	28,988	$	28,788
Less Accumulated Right-of-Use Asset Impairment	1,710		1,019
Less Accumulated Amortization	5,260		4,167
Operating Right-of-Use Assets, Net	$	22,018	$	23,602
Short-term Operating Lease Liabilities	$	4,687	$	4,517
Long-term Operating Lease Liabilities	19,992		21,039
Operating Lease Liabilities	$	24,679	$	25,556

Finance Leases:
Finance Right-of-Use Assets, Gross	$	3,484	$	3,484
Less Accumulated Amortization	1,275		1,020
Finance Right-of-Use Assets, Net — Included in Other Assets	$	2,209	$	2,464
Short-term Finance Lease Liabilities — Included in Accrued Expenses and Other Current Liabilities	$	1,962	$	1,922
Long-term Finance Lease Liabilities — Included in Other Liabilities	2,314		2,815
Finance Lease Liabilities	$	4,276	$	4,737

The following is a summary of the Company's total lease costs:


	Three Months Ended
(In thousands)	March 28, 2020		March 30, 2019
Finance Lease Cost:
Amortization of ROU Assets	$	255	$	255
Interest on Lease Liabilities	63		86
Total Finance Lease Cost	$	318	$	341
Operating Lease Cost	$	1,448	$	1,205
Right-of-Use Asset Impairment	691		—
Variable Lease Cost	272		370
Short-term Lease Cost (excluding month-to-month)	67		47
Less Sublease and Rental (Income) Expense	(331)		(212)
Total Operating Lease Cost	$	2,147	$	1,410
Total Net Lease Cost	$	2,465	$	1,751

The following is a summary of the Company's maturity of lease liabilities:

The following is a summary of the Company's maturity of lease liabilities: