XML 67 R56.htm IDEA: XBRL DOCUMENT v3.24.3
Note 11 - Leases (Details Textual)
$ in Thousands, RM in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2024
USD ($)
Mar. 30, 2024
USD ($)
Mar. 30, 2024
MYR (RM)
Sep. 28, 2024
USD ($)
Sep. 30, 2023
USD ($)
Dec. 30, 2023
USD ($)
Lessee, Operating Lease, Renewal Term 25 years     25 years    
Finance Lease, Right-of-Use Asset, Accumulated Amortization $ 400     $ 400   $ 300
Increase (Decrease) in Operating Lease, Right-of-Use Assets       (4,348) $ (6,328)  
Increase (Decrease) in Operating Lease Liability       (4,567) $ (5,972)  
Operating Lease, Right-of-Use Asset [1] 14,067     14,067   $ 16,778 [2]
Operating Lease, Liability 15,399     15,399    
Leased Facility in Malaysia [Member]            
Payments to Acquire Productive Assets | RM     RM 41.8      
Increase (Decrease) in Operating Lease, Right-of-Use Assets   $ (400)        
Increase (Decrease) in Operating Lease Liability 1,200 (400)        
Increase (Decrease) in Finance Lease Assets   8,800        
Increase (Decrease) in Finance Lease Liability   $ 7,900        
Operating Lease, Right-of-Use Asset 9,500     9,500    
Operating Lease, Liability $ 9,100     $ 9,100    
Minimum [Member]            
Lessee, Lease, Remaining Term of Contract       1 year    
Maximum [Member]            
Lessee, Lease, Remaining Term of Contract       33 years    
[1] Finance lease assets are recorded net of accumulated amortization of $0.4 million and $0.3 million as of September 28, 2024, and December 30, 2023, respectively. During the first quarter of fiscal 2024, we executed an agreement to purchase our leased facility in Malaysia for MYR 41.8 million, with the expectation that the title would transfer during 2024. We treated this transaction as a lease modification, and changed the classification to a finance lease, reducing our operating lease assets and liabilities by $0.4 million and increasing our finance lease assets and current lease liabilities by $8.8 million and $7.9 million, respectively. Due to a seller-imposed delay in the completion of purchase of this facility to 2025, which occurred during the third quarter of fiscal 2024, the finance lease was modified resulting in the asset increasing to $9.5 million. At September 28, 2024, the finance lease liability increased $1.2 million to $9.1 million, as a result of fluctuations in foreign currency exchange rates.
[2] Derived from December 30, 2023 audited financial statements