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v3.25.1

Leases (Tables) | 3 Months Ended
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Mar. 29, 2025
Leases [Abstract] |
Summary of components of lease expense | ​ The components of lease expense for the fiscal quarters ended March 29, 2025 and March 30, 2024 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fiscal Quarter Ended | ​
​ |  | March 29, 2025 |  | March 30, 2024 | ​
Operating lease expense | ​ | $ | 2,162 | ​ | $ | 2,163 | ​
Finance lease amortization of assets | ​ | ​ | 210 | ​ | ​ | 212 | ​
Finance lease interest on lease liabilities | ​ | ​ | 68 | ​ | ​ | 84 | ​
Short-term lease expense | ​ |  | 97 | ​ |  | 56 | ​
Variable lease expense | ​ |  | 199 | ​ |  | 158 | ​
Total lease expense | ​ | $ | 2,736 | ​ | $ | 2,673 | ​
Schedule of supplemental lease information | Operating and finance lease right-of-use assets and lease-related liabilities as of March 29, 2025 and December 31, 2024 were as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 29, 2025 | ​ | December 31, 2024 | ​ | Classification
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease right-of-use assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | $ | 27,154 | ​ | $ | 28,259 | ​ | Operating lease right-of-use assets
Finance leases | ​ | ​ | 3,064 | ​ | ​ | 3,261 | ​ | Other assets
Total lease right-of-use assets | ​ | $ | 30,218 | ​ | $ | 31,520 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease-related liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | $ | 7,100 | ​ | $ | 7,176 | ​ | Current operating lease liabilities
Finance leases | ​ | ​ | 768 | ​ | ​ | 779 | ​ | Accrued expenses and other current liabilities
Non-current | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | ​ | 20,951 | ​ | ​ | 22,138 | ​ | Non-current operating lease liabilities
Finance leases | ​ | ​ | 2,501 | ​ | ​ | 2,678 | ​ | Other long-term liabilities
Total lease liabilities | ​ | $ | 31,320 | ​ | $ | 32,771 | ​ | ​
​ The table below presents supplemental information related to leases as of March 29, 2025 and December 31, 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 29, 2025 | ​ | December 31, 2024
Weighted-average remaining lease term (years) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance leases | ​ | ​ | 4.2 | ​ | ​ | ​ | 4.4 | ​
Operating leases | ​ | ​ | 5.2 | ​ | ​ | ​ | 5.3 | ​
Weighted-average discount rate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance leases | ​ | ​ | 8.2 | % | ​ | ​ | 8.2 | %
Operating leases | ​ | ​ | 5.5 | % | ​ | ​ | 5.4 | %
​ The table below presents supplemental information related to the cash flows for operating leases recorded on the condensed consolidated statements of cash flows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fiscal Quarter Ended | ​
​ |  | March 29, 2025 |  | March 30, 2024 | ​
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating cash flows for operating leases | ​ | $ | 1,829 | ​ | $ | 1,794 | ​
Schedule of maturities of operating lease liabilities | The following table summarizes fiscal year maturities of operating lease liabilities as of March 29, 2025 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Operating Leases | ​ | Finance Leases | ​ | Total
Remainder of fiscal year 2025 | ​ | $ | 6,482 | ​ | $ | 765 | ​ | $ | 7,247
2026 | ​ | ​ | 7,129 | ​ | ​ | 939 | ​ | ​ | 8,068
2027 | ​ | ​ | 5,323 | ​ | ​ | 863 | ​ | ​ | 6,186
2028 | ​ | ​ | 3,967 | ​ | ​ | 851 | ​ | ​ | 4,818
2029 | ​ | ​ | 3,396 | ​ | ​ | 367 | ​ | ​ | 3,763
Thereafter | ​ | ​ | 6,032 | ​ | ​ | 74 | ​ | ​ | 6,106
Total lease payments | ​ | ​ | 32,329 | ​ | ​ | 3,859 | ​ | ​ | 36,188
Less: Interest | ​ | ​ | (4,278) | ​ | ​ | (590) | ​ | ​ | (4,868)
Present value of lease liability | ​ | $ | 28,051 | ​ | $ | 3,269 | ​ | $ | 31,320

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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