XML 71 R44.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Segments and Geographic Information (Tables) | 12 Months Ended
--- | ---
Dec. 28, 2024
Segment Reporting [Abstract] |
Operating Results by Reportable Segments | The following table provides net contribution by reportable segment and includes a reconciliation to income before income taxes (dollars in thousands):
| Fiscal 2024
| Probe Cards |  | Systems |  | Corporate and Other |  | Total
Revenues | $ | 625,960 |  |  | $ | 137,639 |  |  | $ | — |  |  | $ | 763,599 |
Cost of revenues | 366,953 |  |  | 78,128 |  |  | 10,595 |  |  | 455,676 |
Gross profit | 259,007 |  |  | 59,511 |  |  | (10,595) |  |  | 307,923 |
Gross margin | 41.4 | % |  | 43.2 | % |  |  |  | 40.3 | %
Research and development | 90,463 |  |  | 20,617 |  |  | 10,858 |  |  | 121,938 |
Selling | 31,462 |  |  | 16,082 |  |  | 5,994 |  |  | 53,538 |
Marketing | 8,775 |  |  | 7,184 |  |  | 5,120 |  |  | 21,079 |
Net Contribution | $ | 128,307 |  |  | $ | 15,628 |  |  | $ | (32,567) |  |  | 111,368 |
General and administrative |  |  |  |  |  |  | 67,169 |
Gain on sale of business |  |  |  |  |  |  | 20,581 |
Operating income |  |  |  |  |  |  | 64,780 |
Interest income |  |  |  |  |  |  | 14,111 |
Interest expense |  |  |  |  |  |  | (418) |
Other income (expense), net |  |  |  |  |  |  | 939 |
Income before income taxes |  |  |  |  |  |  | $ | 79,412 |
| Fiscal 2023
| Probe Cards |  | Systems |  | Corporate and Other |  | Total
Revenues | $ | 497,903 |  |  | $ | 165,199 |  |  | $ | — |  |  | $ | 663,102 |
Cost of revenues | 312,511 |  |  | 80,464 |  |  | 11,547 |  |  | 404,522 |
Gross profit | 185,392 |  |  | 84,735 |  |  | (11,547) |  |  | 258,580 |
Gross margin | 37.2 | % |  | 51.3 | % |  |  |  | 39.0 | %
Research and development | 83,104 |  |  | 21,487 |  |  | 11,174 |  |  | 115,765 |
Selling | 26,912 |  |  | 17,026 |  |  | 8,581 |  |  | 52,519 |
Marketing | 5,983 |  |  | 9,367 |  |  | 7,273 |  |  | 22,623 |
Net Contribution | $ | 69,393 |  |  | $ | 36,855 |  |  | $ | (38,575) |  |  | 67,673 |
General and administrative |  |  |  |  |  |  | 57,870 |
Gain on sale of business |  |  |  |  |  |  | 72,953 |
Operating income |  |  |  |  |  |  | 82,756 |
Interest income |  |  |  |  |  |  | 7,217 |
Interest expense |  |  |  |  |  |  | (421) |
Other income (expense), net |  |  |  |  |  |  | (285) |
Income before income taxes |  |  |  |  |  |  | $ | 89,267 |
| Fiscal 2022
| Probe Cards |  | Systems |  | Corporate and Other |  | Total
Revenues | $ | 591,422 |  |  | $ | 156,515 |  |  | $ | — |  |  | $ | 747,937 |
Cost of revenues | 355,860 |  |  | 75,578 |  |  | 20,490 |  |  | 451,928 |
Gross profit | 235,562 |  |  | 80,937 |  |  | (20,490) |  |  | 296,009 |
Gross margin | 39.8 | % |  | 51.7 | % |  |  |  | 39.6 | %
Research and development | 82,428 |  |  | 17,078 |  |  | 9,716 |  |  | 109,222 |
Selling | 29,583 |  |  | 14,953 |  |  | 13,612 |  |  | 58,148 |
Marketing | 7,249 |  |  | 7,147 |  |  | 8,569 |  |  | 22,965 |
Net Contribution | $ | 116,302 |  |  | $ | 41,759 |  |  | $ | (52,387) |  |  | 105,674 |
General and administrative |  |  |  |  |  |  | 50,762 |
Operating income |  |  |  |  |  |  | 54,912 |
Interest income |  |  |  |  |  |  | 2,220 |
Interest expense |  |  |  |  |  |  | (579) |
Other income (expense), net |  |  |  |  |  |  | 1,317 |
Income before income taxes |  |  |  |  |  |  | $ | 57,870 |
Summary of Revenue by Geographic Region | The following table summarizes revenue, by geographic region, as a percentage of total revenues based upon ship-to location:
| Fiscal Year Ended
| December 28, 2024 |  | December 30, 2023 |  | December 31, 2022
South Korea | 24.2 | % |  | 17.8 | % |  | 14.9 | %
United States | 24.1 |  |  | 25.9 |  |  | 17.1 |
Taiwan | 22.7 |  |  | 22.3 |  |  | 22.7 |
China | 13.5 |  |  | 13.8 |  |  | 21.5 |
Europe | 4.6 |  |  | 5.9 |  |  | 5.2 |
Japan | 4.4 |  |  | 5.5 |  |  | 5.1 |
Singapore | 2.6 |  |  | 2.8 |  |  | 5.3 |
Malaysia | 2.4 |  |  | 4.0 |  |  | 6.7 |
Rest of World | 1.5 |  |  | 2.0 |  |  | 1.5 |
Total revenues | 100.0 | % |  | 100.0 | % |  | 100.0 | %
Summary of Revenue by Market | The following table summarizes revenue by market (in thousands):
| Fiscal Year Ended
| December 28, 2024 |  | December 30, 2023 |  | December 31, 2022
Foundry & Logic | $ | 381,182 |  |  | $ | 363,539 |  |  | $ | 409,196 |
DRAM | 227,422 |  |  | 113,779 |  |  | 133,446 |
Flash | 17,356 |  |  | 20,585 |  |  | 48,780 |
Systems | 137,639 |  |  | 165,199 |  |  | 156,515 |
Total revenues | $ | 763,599 |  |  | $ | 663,102 |  |  | $ | 747,937 |
Summary of Revenue by Timing of Recognition | The following table summarizes revenue by timing of revenue recognition (in thousands):
| Fiscal Year Ended
| December 28, 2024 |  | December 30, 2023 |  | December 31, 2022
| Probe Cards |  | Systems |  | Total |  | Probe Cards |  | Systems |  | Total |  | Probe Cards |  | Systems |  | Total
Products transferred at a point in time | $ | 620,598 |  |  | $ | 122,181 |  |  | $ | 742,779 |  |  | $ | 494,624 |  |  | $ | 155,145 |  |  | $ | 649,769 |  |  | $ | 587,738 |  |  | $ | 144,456 |  |  | $ | 732,194 |
Services transferred over time | 5,362 |  |  | 15,458 |  |  | 20,820 |  |  | 3,279 |  |  | 10,054 |  |  | 13,333 |  |  | 3,684 |  |  | 12,059 |  |  | 15,743 |
Total | $ | 625,960 |  |  | $ | 137,639 |  |  | $ | 763,599 |  |  | $ | 497,903 |  |  | $ | 165,199 |  |  | $ | 663,102 |  |  | $ | 591,422 |  |  | $ | 156,515 |  |  | $ | 747,937 |
Long-lived Assets by Location | Long-lived assets, comprised of Operating lease, Right-of-use assets, Property, plant and equipment, net, Goodwill and Intangibles, net, reported based on the location of the asset was as follows (in thousands):
| December 28, 2024 |  | December 30, 2023 |  | December 31, 2022
United States | $ | 411,646 |  |  | $ | 414,607 |  |  | $ | 406,529 |
Europe | 21,323 |  |  | 23,204 |  |  | 42,640 |
Asia-Pacific | 9,366 |  |  | 11,135 |  |  | 10,236 |
Total | $ | 442,335 |  |  | $ | 448,946 |  |  | $ | 459,405 |

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration