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FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 28, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table sets forth the fair value of the Company’s financial assets measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands):

			June 28, 2024																		December 31, 2023
(in thousands)			Level 1			Level 2			Level 3						Total						Level 1			Level 2			Level 3						Total
Cash equivalents
Money market funds			$	19,342		$	—		$	—					$	19,342					$	23,683		$	—		$	—					$	23,683

Schedule of Financial Instruments Not Recorded at Fair Value on a Recurring Basis

The Company’s financial instruments not recorded at fair value on a recurring basis were as follows:

			June 28, 2024																		December 31, 2023
			Carrying						Fair Value												Carrying						Fair Value
(in thousands)			Value						Level 1			Level 2			Level 3						Value						Level 1			Level 2			Level 3
2024 Notes			$	—					$	—		$	—		$	—					$	114,880					$	—		$	177,405		$	—
Long-term debt			$	114,749					$	—		$	114,749		$	—					$	—					$	—		$	—		$	—
Current portion of other borrowings			$	8,348					$	—		$	8,348		$	—					$	4,918					$	—		$	4,918		$	—
Other long-term borrowings			$	5,245					$	—		$	5,245		$	—					$	10,495					$	—		$	10,495		$	—

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- References

No definition available.

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- Definition

Tabular disclosure of liabilities measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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