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Note 16 - Related Party Transactions
 12 Months Ended
Dec. 27, 2025
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

16.

Related Party Transactions

 

At December 27, 2025, certain of our cash and short-term investments were held and managed by BlackRock, Inc. which owns 14.7% of our outstanding common stock as reported in its Form 13-G/A filing made with the Securities and Exchange Commission on July 17, 2025.

 

We previously had an ownership interest in Fraes-und Technologiezentrum GmbH Frasdorf (“FTZ”), a company based in Germany that provides milling services to our wholly owned subsidiaries. This investment was accounted for under the equity method and was not material to our consolidated balance sheet in fiscal 2023. In fiscal 2024, due to the current business conditions, we impaired the full value of our investment in FTZ and recorded a charge $0.9 million in SG&A. In fiscal 2025, we sold our ownership interest in FTZ and recorded a gain of $0.4 million in SG&A. During fiscal 2025, 2024 and 2023, purchases of products from FTZ were not material.