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Debt (Tables) | 12 Months Ended
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Dec. 29, 2024
Debt Disclosure [Abstract] |
Schedule of Debt Outstanding | The components of debt outstanding at December 29, 2024 and December 31, 2023 are as follows:
| December 29, 2024 |  | December 31, 2023
Short-term financing |  |  |
Revolver | $ | 30,171 |  |  | $ | 21,794 |
Tool financing advance payments (1) | — |  |  | 3,822 |
Unamortized debt issuance costs | (2,502) |  |  | (2,851) |
Total short-term financing, net of unamortized debt issuance costs | 27,669 |  |  | 22,765 |
Long-term debt |  |  |
VIE Financing | 34,671 |  |  | 35,765 |
Tool financing loans (1) | 7,253 |  |  | 6,799 |
Unamortized debt issuance costs | (2,147) |  |  | (2,490) |
Total long-term debt, including current maturities | 39,777 |  |  | 40,074 |
Less: Current portion of long-term debt | (5,073) |  |  | (3,976) |
Total long-term debt, excluding current portion | $ | 34,704 |  |  | $ | 36,098 |
__________________ (1)Tool financing advance payments represent proceeds received from equipment lenders prior to the Company placing the tools into service. When the tools are placed into service, financing agreements are executed to repay the equipment lenders the financed acquisition cost of the tools, and any advance payments received from the equipment lenders are converted to tool financing loans and classified as long-term debt in the Company’s condensed consolidated balance sheets. Tool financings are often accounted for as failed sale and leasebacks.
Schedule of Future Principal Payments | Future principal payments as of December 29, 2024 of the Company’s long-term debt are as follows:
2025 | $ | 5,073 |
2026 | 4,491 |
2027 | 1,219 |
2028 | 1,259 |
2029 | 1,307 |
Thereafter | 28,575 |
Total | $ | 41,924 |

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