v3.25.4

Note 6 - Intangible Assets and Goodwill | 12 Months Ended
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Jan. 03, 2026
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] | Note 6 - Intangible Assets and Goodwill In connection with our previous acquisitions, we have recorded identifiable intangible assets related to existing technology, customer relationships, and trade name / trademarks. We amortize the intangible assets using the straight-line method over their estimated useful lives. Additionally, we have entered into license agreements for third-party technology and recorded them as intangible assets. These licenses are being amortized to Research and development expense over their estimated useful lives. No impairment charges relating to acquired intangible assets were recorded for fiscal 2025 or 2023. In fiscal 2024, we recorded an impairment charge of $13.9 million relating to acquired intangible assets. The following tables summarize the details of our Intangible assets, net as of January 3, 2026 and December 28, 2024:
|  | January 3, 2026 |
(In thousands) |  | Weighted Average Amortization Period (in years) |  |  | Gross |  |  | Accumulated Amortization |  |  | Intangible assets, net |
Existing technology |  |  | 7.0 |  |  | $ | 125,037 |  |  | $ | (124,539 | ) |  | $ | 498 |
Customer relationships |  |  | — |  |  |  | 32,734 |  |  |  | (32,734 | ) |  |  | — |
Trade name / trademarks |  |  | — |  |  |  | 1,500 |  |  |  | (1,500 | ) |  |  | — |
Licensed technology |  |  | 5.0 |  |  |  | 10,618 |  |  |  | (6,973 | ) |  |  | 3,645 |
Total identified intangible assets |  |  |  |  |  | $ | 169,889 |  |  | $ | (165,746 | ) |  | $ | 4,143 |
|  | December 28, 2024 |
(In thousands) |  | Weighted Average Amortization Period (in years) |  |  | Gross |  |  | Accumulated Amortization |  |  | Intangible assets, net |
Existing technology |  |  | — |  |  | $ | 124,487 |  |  | $ | (124,487 | ) |  | $ | — |
Customer relationships |  |  | — |  |  |  | 32,734 |  |  |  | (32,734 | ) |  |  | — |
Trade name / trademarks |  |  | — |  |  |  | 1,500 |  |  |  | (1,500 | ) |  |  | — |
Licensed technology |  |  | 5.4 |  |  |  | 9,366 |  |  |  | (4,779 | ) |  |  | 4,587 |
Total identified intangible assets |  |  |  |  |  | $ | 168,087 |  |  | $ | (163,500 | ) |  | $ | 4,587 |
We recorded amortization expense related to intangible assets on the Consolidated Statements of Operations as presented in the following table:
|  | Year Ended |
|  | January 3, |  |  | December 28, |  |  | December 30, |
(In thousands) |  | 2026 |  |  | 2024 |  |  | 2023 |
Research and development |  | $ | 2,194 |  |  | $ | 1,218 |  |  | $ | 1,074 |
Amortization of acquired intangible assets |  |  | 52 |  |  |  | 3,479 |  |  |  | 3,478 |
|  | $ | 2,246 |  |  | $ | 4,697 |  |  | $ | 4,552 |
The annual expected amortization expense related to intangible assets is as follows:
Fiscal year |  | (In thousands) |
2026 |  | $ | 2,232 |
2027 |  |  | 1,456 |
2028 |  |  | 193 |
2029 |  |  | 79 |
2030 |  |  | 79 |
Thereafter |  |  | 104 |
Total |  | $ | 4,143 |
Goodwill Goodwill represents the excess of the purchase price over the fair value of the underlying net tangible and intangible assets. The goodwill balance at January 3, 2026 is comprised of approximately $315.4 million from prior acquisitions. No impairment charges relating to goodwill were recorded for fiscal 2025, 2024, or 2023.

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