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v3.26.1

Leases | 6 Months Ended
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Jun. 27, 2026
Leases |
Leases | Note 4—Leases ​ We have operating and finance leases primarily associated with office and manufacturing facilities and certain equipment. The determination of which discount rate to use when measuring the lease obligation was deemed a significant judgment. ​ Lease cost and supplemental condensed consolidated cash flow information related to operating and finance leases were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 27, | ​ | June 28, | ​ | June 27, | ​ | June 28,
​ | ​ ​ ​ | 2026 | ​ ​ ​ | 2025 | ​ ​ ​ | 2026 | ​ ​ ​ | 2025
Lease cost: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease cost | ​ | $ | 146 | ​ | $ | 154 | ​ | $ | 296 | ​ | $ | 310
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating cash flows from operating leases | ​ | $ | 178 | ​ | $ | 174 | ​ | $ | 355 | ​ | $ | 349
Lease modification to increase operating lease assets | ​ | $ | — | ​ | $ | — | ​ | $ | 999 | ​ | $ | —
​ For each of the three and six months ended June 27, 2026 and June 28, 2025, finance lease costs and cash flows from finance leases were immaterial. ​ Supplemental condensed consolidated balance sheet information related to leases was as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 27, | ​ | December 27,
​ | ​ | 2026 | ​ | 2025
Operating Leases | ​ | ​ | ​ | ​ | ​ | ​
Operating lease right-of-use assets | ​ | $ | 1,267 | ​ | $ | 541
Other current liabilities | ​ | $ | 492 | ​ | $ | 619
Operating lease liabilities | ​ | ​ | 800 | ​ | ​ | 23
Total operating lease liabilities | ​ | $ | 1,292 | ​ | $ | 642
​ | ​ | ​ | ​ | ​ | ​ | ​
Finance Leases | ​ | ​ | ​ | ​ | ​ | ​
Property and equipment, at cost | ​ | $ | 488 | ​ | $ | 488
Accumulated depreciation | ​ | ​ | (419) | ​ | ​ | (380)
Property and equipment, net | ​ | $ | 69 | ​ | $ | 108
Other current liabilities | ​ | $ | — | ​ | $ | 3
Other liabilities | ​ | ​ | — | ​ | ​ | —
Total finance lease liabilities | ​ | $ | — | ​ | $ | 3
​ The following table includes supplemental information: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 27, | ​ | December 27,
​ | ​ | 2026 | ​ | 2025
Weighted Average Remaining Lease Term (in years) | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | ​ | 3.1 | ​ | ​ | 1.0
Finance leases | ​ | ​ | 0.1 | ​ | ​ | 0.6
​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted Average Discount Rate | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | ​ | 8.3% | ​ | ​ | 5.5%
Finance leases | ​ | ​ | 5.5% | ​ | ​ | 5.5%
​ Maturities of lease liabilities as of June 27, 2026, were as follows (in thousands): ​
​ | ​ | ​ | ​
​ | ​ | Operating
Fiscal Year | ​ | Leases
2026 | ​ | $ | 354
2027 | ​ | ​ | 424
2028 | ​ | ​ | 340
2029 | ​ | ​ | 349
Total lease payments | ​ | ​ | 1,467
Less: imputed interest | ​ | ​ | (175)
Total | ​ | $ | 1,292
​ On March 4, 2026, we entered into a First Amendment to Lease (the “Lease Amendment”) with University Research Park LLC (the “Landlord”), pursuant to which we and the Landlord agreed to renew the Company’s existing lease dated April 28, 2021 (the “Lease”), relating to our corporate headquarters located at 111 Academy, Suite 100, Irvine, CA 92617. ​ The Lease Amendment extends the current term of the Lease to December 31, 2029 with no renewal option. The annual base rent starting on January 1, 2027 will be $27,397 per month and increases by approximately 3% each lease year.

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- References No definition available. + Details
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