10-K FY 2022 FINAL MOOG Inc - Flipbook - Page 58
Table of Contents
Maturities of lease liabilities were as follows:
October 1, 2022
Operating Leases
2023
$
16,684
Finance Leases
$
4,401
2024
14,109
4,366
2025
11,799
4,193
2026
10,917
3,929
2027
9,771
3,187
Thereafter
35,430
26,279
Total lease payments
98,710
46,355
Less: imputed interest
(19,541)
Total
$
79,169
(19,582)
$
26,773
On September 30, 2022, we sold a building located in Murray, Utah and concurrently entered into a lease agreement
for the building with an initial term of two years, which also includes the option to extend the terms of the lease for up
to two consecutive terms of six months each. The transaction resulted in a net gain of $9,075 which is included in the
Consolidated Statements of Earnings.
The operating lease ROU assets and finance leased cost in the disclosures above as of October 2, 2021 reflect write
downs of $3,696 and $1,112, respectively, based on expected cash flows over the remaining life of the assets in
relation to impairment charges associated with the COVID-19 pandemic.
58