Ultra Clean Holdings, Inc. Leases Disclosure
| Year Ended | |||||||||||
| (Dollars in millions) | December 26, 2025 | December 27, 2024 | |||||||||
| Operating lease cost | $ | 32.3 | $ | 32.1 | |||||||
| Short-term lease cost | 2.9 | 2.5 | |||||||||
| Sublease income | (1.0) | (0.8) | |||||||||
| Total lease cost | $ | 34.2 | $ | 33.8 | |||||||
| Operating cash flows used in operating leases | $ | 30.0 | $ | 29.9 | |||||||
| Weighted-average remaining lease term – operating leases | 9.2 years | 9.8 years | |||||||||
| Weighted-average discount rate – operating leases | 7.3 | % | 7.2 | % | |||||||
| (In millions) | Operating Leases | ||||
| 2026 | $ | 32.2 | |||
| 2027 | 31.2 | ||||
| 2028 | 26.9 | ||||
| 2029 | 24.4 | ||||
| 2030 | 21.3 | ||||
| Thereafter | 111.8 | ||||
| Total minimum lease payments | 247.8 | ||||
| Less: imputed interest | (71.0) | ||||
| Lease liability | $ | 176.8 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 23, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2021 | Mar 1, 2022 | |
| 2020 | Feb 23, 2021 | |
| 2019 | Mar 11, 2020 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.