XML 64 R32.htm IDEA: XBRL DOCUMENT v3.25.0.1
Revenue (Tables)
 12 Months Ended
Dec. 29, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenue The following tables disclose revenue by product type and the timing of recognition of revenue for transfer of goods and services to customers:
Fiscal Year Ended December 29, 2024
Topic 606 Revenue
Lease Revenue Per Topic 842
Point-in-TimeOver TimeTotal Revenue
ATS development
Time-and-materials and cost-plus-fixed-fee contracts$— $140,482 $— $140,482 
Fixed price contracts12,665 80,830 — 93,495 
Other— — 4,668 4,668 
Total ATS development12,665 221,312 4,668 238,645 
Wafer Services
1,803 25,058 — 26,861 
Combined ATS development and Wafer Services14,468 246,370 4,668 265,506 
Tools
76,763 — — 76,763 
Total$91,231 $246,370 $4,668 $342,269 

Fiscal Year Ended December 31, 2023
Topic 606 Revenue
Lease Revenue Per Topic 842
Point-in-TimeOver TimeTotal Revenue
ATS development
Time-and-materials and cost-plus-fixed-fee contracts— $122,343 — $122,343 
Fixed price contracts— 83,893 — 83,893 
Other— — 4,668 4,668 
Total ATS development— 206,236 4,668 210,904 
Wafer Services
7,564 53,563 — 61,127 
Combined ATS development and Wafer Services7,564 259,799 4,668 272,031 
Tools14,651 — — 14,651 
Total$22,215 $259,799 $4,668 $286,682 

Fiscal Year Ended January 1, 2023
Topic 606 Revenue
Lease Revenue Per Topic 842
Point-in-TimeOver TimeTotal Revenue
ATS development
Time-and-materials and cost-plus-fixed-fee contracts$— $85,294 $— $85,294 
Fixed price contracts— 47,938 — 47,938 
Other— — 4,668 4,668 
Total ATS development— 133,232 4,668 137,900 
Wafer Services (1)
20,212 53,283 $— $73,495 
Combined ATS development and Wafer Services20,212 186,515 4,668 211,395 
Tools1,546 — — 1,546 
Total$21,758 $186,515 $4,668 $212,941 

__________________
(1)As discussed in Note 3 – Summary of Significant Accounting Policies, in March 2022, the Company signed a new contract with a significant Wafer Services customer that resulted in a change from the point in time revenue recognition method to the over-time, input revenue recognition method. As a result of the transition, the Company recognized a one-time, cumulative adjustment to Wafer Services revenue of $8,290 for wafers still being manufactured at the time the new contract became enforceable. For the fiscal year ended January 1, 2023, $11,049 of Wafer Services revenues were recognized using the point in time method related to the period before the new contract was enforceable and $48,798 of Wafer Services revenues, inclusive of the one-time, cumulative adjustment, were recognized using the over-time, input method after the contract was enforceable.
Schedule of Contract Assets and Liabilities The table below shows contract asset detail information on a gross basis:
Balance at January 1, 2023$34,625 
Transfers to accounts receivable, net(33,868)
Increase due to revenue recognized in advance of customer billings29,008 
Balance at December 31, 202329,765 
   Transfers to accounts receivable, net(29,230)
   Increase due to revenue recognized in advance of customer billings 20,397 
Balance at December 29, 2024$20,932 
The contract liabilities and other significant components of contract liabilities at December 29, 2024 and December 31, 2023 are as follows:
 December 29, 2024December 31, 2023
Contract
Deferred
Revenue (1)
Lease Deferred 
Revenue
Total
Contract
Liabilities
Contract
Deferred
Revenue (1)
Lease Deferred
Revenue
Total
Contract
Liabilities
Current contract liabilities$53,222 $1,944 $55,166 $44,883 $4,668 $49,551 
Long-term contract liabilities51,901 — 51,901 63,810 1,944 65,754 
Total contract liabilities$105,123 $1,944 $107,067 $108,693 $6,612 $115,305 
__________________
(1)Contract deferred revenue includes $48,200 and $59,323 at December 29, 2024 and December 31, 2023, respectively, related to material rights provided to a significant customer in exchange for funding additional manufacturing capacity. Of these amounts, $11,123 and $11,123 were classified as current in the consolidated balance sheets at December 29, 2024 and December 31, 2023, respectively
The change in contract liabilities is as follows:
Balance at January 1, 2023$84,875 
Revenue recognized included in the balance at the beginning of the year(22,014)
Increase due to payments received, excluding amounts recognized as revenue
45,832 
Balance at December 31, 2023108,693 
Revenue recognized included in the balance at the beginning of the year(63,575)
Increase due to payments received, excluding amounts recognized as revenue
60,005 
Balance at December 29, 2024$105,123