Note 4 - Balance Sheet Components

12 Months Ended

Jan. 03, 2026

Supplemental Balance Sheet Disclosures [Text Block]

Note 4 - Balance Sheet Components

Accounts Receivable

Accounts receivable do not bear interest and are shown net of an allowance for expected lifetime credit losses, which reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine this allowance through an assessment of known troubled accounts, analysis of our accounts receivable aging, historical experience, expectations for future economic conditions, management judgment, and other available evidence.

	*January 3,*		*December 28,*
(In thousands)	*2026*		*2024*
Accounts receivable	$	102,277	$	81,060
Less: Allowance for credit losses		—		—
Accounts receivable, net	$	102,277	$	81,060

We had no material bad debt expense in fiscal 2025, 2024, or 2023.

Inventories

	*January 3,*		*December 28,*
(In thousands)	*2026*		*2024*
Work in progress	$	69,031	$	82,273
Finished goods		20,171		21,137
Total inventories, net	$	89,202	$	103,410

Accrued Liabilities

Included in Accrued liabilities in the Consolidated Balance Sheets are the following balances:

	*January 3,*		*December 28,*
(In thousands)	*2026*		*2024*
Current portion of liability for non-cancellable contracts	$	13,296	$	13,534
Contract liabilities		4,006		11,182
Liability for expiring production materials		1,714		7,019
Current portion of operating lease liabilities		5,980		5,818
Other accrued liabilities		5,598		8,085
Total accrued liabilities	$	30,594	$	45,638

Other Long-Term Liabilities

Included in Other long-term liabilities in the Consolidated Balance Sheets are the following balances:

	*January 3,*		*December 28,*
(In thousands)	*2026*		*2024*
Long-term portion of liability for non-cancellable contracts	$	8,962	$	16,022
Other long-term liabilities		6,304		7,894
Total other long-term liabilities	$	15,266	$	23,916