v3.25.4

Note 6 - Intangible Assets and Goodwill

12 Months Ended

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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