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Debt (Tables)
12 Months Ended
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, 2024December 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 Financing34,671 35,765 
Tool financing loans (1)
7,253 6,799 
Unamortized debt issuance costs
(2,147)(2,490)
Total long-term debt, including current maturities39,777 40,074 
Less: Current portion of long-term debt(5,073)(3,976)
Total long-term debt, excluding current portion$34,704 $36,098 
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(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 
20264,491 
20271,219 
20281,259 
20291,307 
Thereafter28,575 
Total$41,924