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v3.25.4

Note 10 - Income Taxes (Tables) | 12 Months Ended
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Dec. 27, 2025
Notes Tables |
Schedule of Income Tax By Source [Table Text Block] |
(in thousands) |  | 2025 |  |  | 2024 |  |  | 2023 |
Income from operations |  | $ | 11,866 |  |  | $ | 4,872 |  |  | $ | 17,660 |
Other comprehensive income |  |  | 64 |  |  |  | 396 |  |  |  | (984 | )
Total |  | $ | 11,930 |  |  | $ | 5,268 |  |  | $ | 16,676 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
(in thousands) |  | 2025 |  |  | 2024 |  |  | 2023 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  | $ | (1,725 | ) |  | $ | 717 |  |  | $ | 694 |
U.S. State |  |  | 47 |  |  |  | 36 |  |  |  | 86 |
Foreign |  |  | 15,346 |  |  |  | 7,841 |  |  |  | 21,654 |
Total current |  |  | 13,668 |  |  |  | 8,594 |  |  |  | 22,434 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  |  | (150 | ) |  |  | (13 | ) |  |  | 61 |
Foreign |  |  | (1,652 | ) |  |  | (3,709 | ) |  |  | (4,835 | )
Total deferred |  |  | (1,802 | ) |  |  | (3,722 | ) |  |  | (4,774 | )
|  | $ | 11,866 |  |  | $ | 4,872 |  |  | $ | 17,660 |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
(in thousands) |  | 2025 |  |  | 2024 |  |  | 2023 |
U.S. |  | $ | (95,310 | ) |  | $ | (85,450 | ) |  | $ | (37,799 | )
Foreign |  |  | 32,903 |  |  |  | 20,504 |  |  |  | 83,615 |
Total |  | $ | (62,407 | ) |  | $ | (64,946 | ) |  | $ | 45,816 |
Income Taxes Paid [Table Text Block] |
(in thousands) |  | 2025 |
U.S. State |  | $ | 48 |
Non-U.S. |  |  |  |
China |  |  | 169 |
Germany |  |  | (8,436 | )
Japan |  |  | 1,093 |
Malaysia |  |  | 2,474 |
Philippines |  |  | 681 |
Singapore |  |  | 763 |
Switzerland |  |  | 275 |
Other |  |  | 104 |
Total Non-U.S. |  |  | (2,877 | )
Total net income tax payments |  | $ | (2,829 | )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
(in thousands) |  | 2025 |  |  | 2024 |
Deferred tax assets: |  |  |  |  |  |  |  |
Inventory, receivable and warranty reserves |  | $ | 10,802 |  |  | $ | 11,034 |
Net operating loss carryforwards |  |  | 63,339 |  |  |  | 39,572 |
Tax credit carryforwards |  |  | 34,738 |  |  |  | 35,788 |
Capitalized R&D |  |  | 27,117 |  |  |  | 35,348 |
Accrued employee benefits |  |  | 2,783 |  |  |  | 3,742 |
Stock-based compensation |  |  | 4,855 |  |  |  | 4,511 |
Lease liabilities |  |  | 6,831 |  |  |  | 2,544 |
Uniform capitalization |  |  | 243 |  |  |  | 2,553 |
Other |  |  | 13,701 |  |  |  | 3,064 |
Gross deferred tax assets |  |  | 164,409 |  |  |  | 138,156 |
Less valuation allowance |  |  | (143,482 | ) |  |  | (114,517 | )
Total deferred tax assets |  |  | 20,927 |  |  |  | 23,639 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets and other acquisition basis differences |  |  | 18,330 |  |  |  | 25,848 |
Operating lease right-of-use assets |  |  | 5,534 |  |  |  | 2,226 |
Unremitted earnings of foreign subsidiaries |  |  | 6,583 |  |  |  | 4,898 |
Other |  |  | 3,837 |  |  |  | 4,986 |
Total deferred tax liabilities |  |  | 34,284 |  |  |  | 37,958 |
Net deferred tax liabilities |  | $ | (13,357 | ) |  | $ | (14,319 | )
(in thousands) |  | 2025 |  |  | 2024 |
Other assets (long-term) |  | $ | 2,112 |  |  | $ | 5,083 |
Long-term deferred income tax liabilities |  |  | (15,469 | ) |  |  | (19,402 | )
Net deferred tax liabilities |  | $ | (13,357 | ) |  | $ | (14,319 | )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  |  |  |  |  | 2025 |
(in thousands) |  | Amount |  |  | Percent |
Tax provision at U.S. Federal statutory rate |  | $ | (13,105 | ) |  |  | 21.0 | %
State and local income taxes, net of federal income tax effect (1) |  |  | 902 |  |  |  | (1.4 | )%
Effects of cross-border tax laws |  |  |  |  |  |  |  |
Tax on Global Intangible Low-Taxed Income (GILTI) |  |  | 2,543 |  |  |  | (4.1 | )%
Tax on Subpart F Income |  |  | 1,031 |  |  |  | (1.7 | )%
Tax credits |  |  |  |  |  |  |  |
Reversal of previously recognized unborn foreign tax credits |  |  | 4,853 |  |  |  | (7.8 | )%
Research and development credits |  |  | (2,002 | ) |  |  | 3.2 | %
Change in valuation allowance |  |  | 12,918 |  |  |  | (20.7 | )%
Nontaxable or nondeductible items |  |  |  |  |  |  |  |
Equity based employee compensation |  |  | 1,886 |  |  |  | (3.0 | )%
Other |  |  | (232 | ) |  |  | 0.4 | %
Changes in unrecognized tax benefits |  |  | (3,164 | ) |  |  | 5.1 | %
Foreign tax effects |  |  |  |  |  |  |  |
Germany |  |  |  |  |  |  |  |
Foreign rate differential |  |  | 646 |  |  |  | (1.0 | )%
Local income taxes |  |  | 1,460 |  |  |  | (2.3 | )%
Other |  |  | (269 | ) |  |  | 0.4 | %
Philippines |  |  |  |  |  |  |  |
Local country tax holiday |  |  | (756 | ) |  |  | 1.2 | %
Other |  |  | 313 |  |  |  | (0.5 | )%
Switzerland |  |  |  |  |  |  |  |
Withholding taxes |  |  | 1,326 |  |  |  | (2.1 | )%
Other |  |  | 683 |  |  |  | (1.1 | )%
Malaysia |  |  |  |  |  |  |  |
Changes in valuation allowance |  |  | 3,490 |  |  |  | (5.6 | )%
Other |  |  | 34 |  |  |  | (0.1 | )%
Other jurisdictions |  |  | (255 | ) |  |  | 0.4 | %
Other |  |  |  |  |  |  |  |
FX of net investment hedge |  |  | (745 | ) |  |  | 1.2 | %
Other |  |  | 309 |  |  |  | (0.5 | )%
Income tax expense |  | $ | 11,866 |  |  |  | (19.0 | )%
(1) State and local taxes in CA and TX comprise the majority of this category. |
(in thousands) |  | 2024 |  |  | 2023 |
Tax provision at U.S. 21% statutory rate |  | $ | (13,638 | ) |  | $ | 9,470 |
State income taxes, net of federal tax benefit |  |  | (2,126 | ) |  |  | (633 | )
Accruals, adjustments and releases from statute expirations |  |  | (2,372 | ) |  |  | 579 |
Federal R&D credits |  |  | (1,103 | ) |  |  | (1,360 | )
Stock-based compensation |  |  | 502 |  |  |  | (1,504 | )
Excess executive compensation |  |  | 715 |  |  |  | 1,375 |
Change in valuation allowance |  |  | 14,844 |  |  |  | 10,654 |
GILTI, net of foreign tax credits |  |  | 2,613 |  |  |  | 1,735 |
Foreign rate differential |  |  | 146 |  |  |  | 2,093 |
Withholding and other foreign taxes, net of foreign tax credit |  |  | 1,206 |  |  |  | 254 |
Other, net |  |  | 4,085 |  |  |  | (5,003 | )
|  | $ | 4,872 |  |  | $ | 17,660 |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
(in thousands) |  | 2025 |  |  | 2024 |  |  | 2023 |
Balance at beginning of year |  | $ | 33,765 |  |  | $ | 35,900 |  |  | $ | 33,368 |
Additions for tax positions of current year |  |  | 947 |  |  |  | 858 |  |  |  | 899 |
Additions/(Reductions) for tax positions of prior years |  |  | (1,096 | ) |  |  | (788 | ) |  |  | 1,802 |
Reductions due to lapse of the statute of limitations |  |  | (1,492 | ) |  |  | (2,089 | ) |  |  | (295 | )
Reductions due to settlements |  |  | (1,833 | ) |  |  | - |  |  |  | - |
Foreign exchange rate impact |  |  | 129 |  |  |  | (116 | ) |  |  | 126 |
Balance at end of year |  | $ | 30,420 |  |  | $ | 33,765 |  |  | $ | 35,900 |

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