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Income Taxes (Tables) | 12 Months Ended
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Dec. 27, 2024
Income Tax Disclosure [Abstract] |
Schedule of income from continuing operations before tax | Income (loss) before tax was as follows:
| Year Ended
| December 27, 2024 |  | December 29, 2023 |  | December 30, 2022
United States | $ | (58,245) |  |  | $ | (69,040) |  |  | $ | (353) |
Foreign | 40,191 |  |  | 37,962 |  |  | 75,683 |
Income (loss) before tax | $ | (18,054) |  |  | $ | (31,078) |  |  | $ | 75,330 |
Schedule of significant components of income tax expense (benefit) from continuing operations | Significant components of income tax expense consist of the following:
| Year Ended
| December 27, 2024 |  | December 29, 2023 |  | December 30, 2022
Current: |  |  |  |  |
Federal | $ | (115) |  |  | $ | (56) |  |  | $ | 1,605 |
State | 585 |  |  | 16 |  |  | 912 |
Foreign | 3,078 |  |  | 2,633 |  |  | 3,224 |
Total current tax expense | 3,548 |  |  | 2,593 |  |  | 5,741 |
Deferred: |  |  |  |  |
Federal | 326 |  |  | 8,471 |  |  | (2,604) |
State | 62 |  |  | 1,529 |  |  | (45) |
Foreign | (1,170) |  |  | (686) |  |  | (566) |
Total deferred tax expense (benefit) | (782) |  |  | 9,314 |  |  | (3,215) |
Income tax expense | $ | 2,766 |  |  | $ | 11,907 |  |  | $ | 2,526 |
Summary of reconciliation of income tax computed at U.S. federal statutory tax rates to income tax expense (benefit) from continuing operations | The reconciliation of income tax computed at the U.S. federal statutory tax rates to income tax expense consist of the following:
| Year Ended
| December 27, 2024 |  | December 29, 2023 |  | December 30, 2022
Effective rate reconciliation: |  |  |  |  |
U.S. federal tax expense | $ | (3,791) |  |  | $ | (6,527) |  |  | $ | 15,819 |
State income taxes, net | (781) |  |  | (1,713) |  |  | 752 |
Permanent items | 1,508 |  |  | 928 |  |  | 248 |
Foreign rate differential | (745) |  |  | (1,190) |  |  | (2,595) |
Tax holiday | (7,078) |  |  | (4,962) |  |  | (11,676) |
Credits | (1,683) |  |  | (1,661) |  |  | (1,882) |
Tax contingencies | 475 |  |  | (331) |  |  | 462 |
Share-based compensation | (441) |  |  | (122) |  |  | 166 |
Withholding tax | 815 |  |  | 717 |  |  | 1,170 |
Other, net | 244 |  |  | (763) |  |  | 112 |
Valuation allowance | 14,243 |  |  | 27,531 |  |  | (50) |
Income tax expense | $ | 2,766 |  |  | $ | 11,907 |  |  | $ | 2,526 |
Schedule of deferred income tax assets and liabilities from continuing operations | Deferred income tax assets and liabilities consist of the following:
| December 27, 2024 |  | December 29, 2023
Deferred tax assets: |  |  |
Inventory | $ | 8,701 |  |  | $ | 7,962 |
Share-based compensation | 3,103 |  |  | 3,563 |
Accrued payroll | 1,580 |  |  | 1,306 |
Net operating loss carryforwards | 16,817 |  |  | 8,092 |
Tax credits | 6,678 |  |  | 4,987 |
Interest carryforwards | 6,298 |  |  | 4,099 |
Capitalized research expenses | 9,838 |  |  | 7,096 |
Intercompany interest | 2,906 |  |  | 2,758 |
Operating lease liabilities | 11,140 |  |  | 9,379 |
Other assets | 534 |  |  | 663 |
Deferred tax assets | 67,595 |  |  | 49,905 |
Valuation allowance | (42,281) |  |  | (28,038) |
Total deferred tax assets | 25,314 |  |  | 21,867 |
Deferred tax liabilities: |  |  |
Intangible assets | (5,438) |  |  | (3,631) |
Property, plant and equipment | (5,851) |  |  | (6,743) |
Operating lease right-of-use assets | (10,890) |  |  | (9,149) |
Other liabilities | (374) |  |  | (365) |
Total deferred tax liabilities | (22,553) |  |  | (19,888) |
Net deferred tax asset | $ | 2,761 |  |  | $ | 1,979 |
Summarizes activity related to company's unrecognized tax benefits | The following table summarizes the activity related to our unrecognized tax benefits:
| Unrecognized tax benefits
Balance at December 31, 2021 | $ | 2,995 |
Increase related to current year tax positions | 689 |
Decrease in tax positions related to lapse of statute of limitations | (89) |
Balance at December 30, 2022 | 3,595 |
Increase related to current year tax positions | 488 |
Decrease in tax positions related to lapse of statute of limitations | (10) |
Decrease in tax positions related to settlements | (916) |
Balance at December 29, 2023 | 3,157 |
Increase related to current year tax positions | 435 |
Decrease in tax positions related to lapse of statute of limitations | (336) |
Balance at December 27, 2024 | $ | 3,256 |

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