USANA HEALTH SCIENCES INCUSNA

USANA HEALTH SCIENCES INC Leases Disclosure

10-KFiled Mar 16, 20262 min read
OPERATING LEASES
The following table summarizes the classification of ROU assets and lease liabilities in the Company’s consolidated balance sheet:
LeasesClassificationJanuary 3,
2026		December 28,
2024
Assets
ROU operating lease assets, netOther assets$22,954 $21,177 
Total ROU assets$22,954 $21,177 
Liabilities
Current:
Operating lease liabilitiesOther current liabilities$5,650 $6,013 
Noncurrent:
Operating lease liabilitiesOther long-term liabilities12,306 10,191 
Total lease liabilities$17,956 $16,204 
The components of lease expense were as follows:
Year Ended
202520242023
Operating lease expense$7,975 $8,305 $8,042 
Total lease expense$7,975 $8,305 $8,042 
These leases generally provide that property taxes, insurance, and maintenance expenses are the responsibility of the Company. Such expenses are not included in the operating lease amounts outlined in the table above or in the rent expense amounts that follow. The total rent expense was approximately $8,323, $8,191, and $8,755 for the years ended 2025, 2024, and 2023, respectively.
The following table presents supplemental lease information:
Year Ended
202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$8,009 $8,065 $8,227 
ROU assets obtained in exchange for new operating lease liabilities$8,643 $12,463 $5,699 
The following table presents weighted-average remaining lease term and weighted-average discount rate for the Company's operating leases:
Year Ended
20252024
Weighted-average remaining lease term—operating leases
3.58 yrs.
3.55 yrs.
Weighted-average discount rate—operating leases5.20 %5.32 %
The following table presents the maturity of the Company’s lease liabilities as of January 3, 2026:
Year ending
2026$6,404 
20275,198 
20283,970 
20293,142 
2030803 
2031 and thereafter122 
19,639 
Less: imputed interest(1,683)
Present value$17,956 

Historical Timeline

Fiscal YearFiled
2026Mar 16, 2026Showing above
2024Mar 12, 2025
2023Feb 27, 2024
2022Feb 28, 2023
2021Mar 2, 2021
2019Feb 25, 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.

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