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v3.25.1

Property, Plant and Equipment | 3 Months Ended
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Mar. 28, 2025
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Note 5 — Property, Plant and Equipment Property, plant and equipment, net consisted of the following (in thousands):
|  | March 28, 2025 |  |  | December 27, 2024 |
Machinery and equipment |  | $ | 43,639 |  |  | $ | 46,113 |
Computer equipment and software |  |  | 11,213 |  |  |  | 12,976 |
Furniture and fixtures |  |  | 7,657 |  |  |  | 7,627 |
Leasehold improvements |  |  | 18,520 |  |  |  | 19,766 |
Construction in process |  |  | 29,309 |  |  |  | 32,014 |
Total property, plant and equipment, gross |  |  | 110,338 |  |  |  | 118,496 |
Less accumulated depreciation |  |  | (35,381 | ) |  |  | (33,607 | )
Total property, plant and equipment, net |  | $ | 74,957 |  |  | $ | 84,889 |
Note 5 — Property, Plant and Equipment (Continued) As discussed in Note 1, during the three months ended March 28, 2025, the Company recognized fixed asset impairment expense of $7,059,000 primarily on leasehold improvements and machinery and equipment as the Company will no longer be using these assets. The Company also recognized impairment of $2,751,000 for internally developed software that the Company will no longer be using as it will transition to a cloud-based software solution. These amounts are recorded in Restructuring, impairment and related charges on the Condensed Consolidated Statement of Operations. Construction in process primarily consists of the build out of and validation of machinery and equipment. The Company recorded depreciation expense in the following categories as follows (in thousands):
|  | Three Months Ended |
|  | March 28, 2025 |  |  | March 29, 2024 |
Cost of sales |  | $ | 868 |  |  | $ | 446 |
General and administrative |  |  | 1,075 |  |  |  | 465 |
Selling and marketing |  |  | 175 |  |  |  | 133 |
Research and development |  |  | 182 |  |  |  | 156 |
Total depreciation expense |  | $ | 2,300 |  |  | $ | 1,200 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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