Operating Leases |
Operating Leases The Company is party to various leases all of which are illustrated in the table below:
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Leasing Entity |
Property Address |
Term End Date |
Monthly Rate |
Janus International Group, LLC |
Surprise, AZ |
4/30/2034 |
$ |
42 |
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Janus International Group, LLC |
Temple, GA |
12/31/2036 |
74 |
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Janus International Group, LLC |
Houston, TX |
12/31/2036 |
72 |
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Janus International Group, LLC |
Anaheim, CA |
6/30/2024 |
21 |
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Janus International Group, LLC |
Butler, IN |
10/31/2026 |
12 |
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Janus International Group, LLC |
Orlando, FL |
10/31/2023 |
17 |
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Janus International Group, LLC |
Temple, GA |
11/30/2031 |
41 |
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Janus International Group, LLC |
Houston, TX |
1/31/2023 |
10 |
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Janus International Group, LLC |
Sumner, WA |
6/30/2026 |
24 |
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Janus International Group, LLC |
Douglasville, GA |
4/30/2024 |
24 |
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Janus International Group, LLC |
Douglasville, GA |
4/1/2027 |
29 |
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Asta Industries, Inc. |
Cartersville, GA |
3/1/2030 |
67 |
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Asta Industries, Inc. |
Fayetteville, GA |
7/31/2022 |
9 |
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Asta Industries, Inc. |
Houston, TX |
1/31/2023 |
8 |
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Janus International Europe Ltd. (UK) |
Peterlee, UK |
6/30/2026 |
22 |
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Janus International Europe Ltd. (UK) |
Twickenham, UK |
4/29/2028 |
17 |
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Active Supply and Design (UK) |
Cheshire, UK |
12/31/2025 |
3 |
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Steel Storage Australia Pty Ltd. |
Hendra, Queensland |
2/28/2026 |
25 |
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Steel Storage Australia Pte Ltd. |
Singapore |
6/30/2023 |
15 |
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Noke, Inc. |
Lehi, UT |
10/31/2022 |
16 |
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Betco, Inc. |
Statesville, NC |
3/31/2024 |
34 |
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Betco, Inc. |
Charlotte, NC |
1/31/2023 |
7 |
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DBCI, LLC |
Chandler, AZ |
11/23/2022 |
15 |
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DBCI, LLC |
Houston, TX |
2/18/2022 |
30 |
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ACT, LLC |
Salisbury, NC |
8/31/2026 |
20 |
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ACT, LLC |
Las Vegas, NV |
6/30/2024 |
2 |
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ACT, LLC |
Cary, NC |
8/31/2022 |
1 |
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ACT, LLC |
Greer, SC |
9/30/2024 |
1 |
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The Company also leases certain equipment under various noncancellable operating lease agreements expiring through 2024.
Total rent expense under operating leases was approximately $6,771 and $5,533 for the years ended January 1, 2022 and December 26, 2020, respectively. Rent expense of approximately $122 and $211 was recognized for the years ended January 1, 2022 and December 26, 2020, respectively, in excess of cash paid for straight-line rent considerations. This amount is included in deferred rent as a part of other long-term liabilities at year-end.
Future minimum lease payments under these noncancellable operating leases are as follows:
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2021 |
2022 |
$ |
6,972 |
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2023 |
6,225 |
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2024 |
5,285 |
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2025 |
4,882 |
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2026 |
4,128 |
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Thereafter |
19,901 |
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Total |
$ |
47,393
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