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Note 7 - Leases | 3 Months Ended
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Mar. 29, 2025
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | Note 7 - Leases We have operating leases for corporate offices, sales offices, research and development facilities, storage facilities, and a data center. All of our facilities are leased under operating leases, which expire at various times through 2035, with a weighted-average remaining lease term of 5.5 years and a weighted-average discount rate of 5.7% as of March 29, 2025. We recorded fixed operating lease expenses of $2.1 million for the first quarter of both fiscal 2025 and 2024. The following table presents the lease balance classifications within the Consolidated Balance Sheets and summarizes their activity during the first three months of fiscal 2025:
Operating lease right-of-use assets |  | (In thousands) |
Balance as of December 28, 2024 |  | $ | 13,870 |
Right-of-use assets obtained for new lease contracts during the period |  |  | 8,611 |
Amortization of right-of-use assets during the period |  |  | (1,909 | )
Adjustments for present value and foreign currency effects |  |  | 157 |
Balance as of March 29, 2025 |  | $ | 20,729 |
Operating lease liabilities |  | (In thousands) |
Balance as of December 28, 2024 |  | $ | 15,251 |
Lease liabilities accrued for new lease contracts during the period |  |  | 8,611 |
Accretion of lease liabilities |  |  | 233 |
Operating cash used for payments on lease liabilities |  |  | (2,403 | )
Adjustments for present value and foreign currency effects |  |  | 102 |
Balance as of March 29, 2025 |  |  | 21,794 |
Less: Current portion of operating lease liabilities (included in Accrued liabilities) |  |  | (5,566 | )
Long-term operating lease liabilities, net of current portion |  | $ | 16,228 |
Maturities of operating lease liabilities as of March 29, 2025 are as follows:
Fiscal year |  | (In thousands) |
2025 (Remaining 3 quarters) |  | $ | 4,941 |
2026 |  |  | 5,958 |
2027 |  |  | 4,162 |
2028 |  |  | 3,219 |
2029 |  |  | 1,467 |
Thereafter |  |  | 5,716 |
Total lease payments |  |  | 25,463 |
Less: amount representing interest |  |  | (3,669 | )
Total lease liabilities |  | $ | 21,794 |
Lease obligations for facilities restructured prior to the adoption of Topic 842 totaled approximately $2.6 million at March 29, 2025 and is recorded in Accrued liabilities and in Other long-term liabilities on our Consolidated Balance Sheets.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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