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Note 10 - Fair Value Measurements (Tables)

6 Months Ended

Jul. 02, 2023

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

		Fair Value Measured on July 2, 2023
		Level 1				Level 2				Level 3				Total
Assets:
Interest rate collar		$	—			$	2,068			$	—			$	2,068
Liabilities:
Warrant liability (Public)		$	4,994			$	—			$	—			$	4,994
Warrant liability (Private)			—				—				2,731				2,731
Earn-out liability			—				—				2,565				2,565
Total fair value liabilities		$	4,994			$	—			$	5,296			$	10,290

		Fair Value Measured on December 31, 2022
		Level 1				Level 2				Level 3				Total
Liabilities:
Warrant liability (Public)		$	2,691			$	—			$	—			$	2,691
Warrant liability (Private)			—				—				1,581				1,581
Earn-out liability			—				—				1,176				1,176
Total fair value liabilities		$	2,691			$	—			$	2,757			$	5,448

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

		July 2, 2023				December 31, 2022
Valuation date price		$	4.09			$	2.12
Strike price		$	11.50			$	11.50
Remaining life (in years)			3.04				3.54
Expected dividend		$	—			$	—
Risk-free interest rate			4.36	%			4.06	%
Price threshold		$	18.00			$	18.00

		July 2, 2023				December 31, 2022
Valuation date price		$	4.09			$	2.12
Expected term (in years)			5.04				5.54
Expected volatility			61.26	%			70.33	%
Risk-free interest rate			4.01	%			3.88	%
Price hurdle		$	15.00			$	15.00

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

		Private Warrants				Earn-Out Liability				Total
Balance at December 31, 2021		$	21,793			$	26,596			$	48,389
Liabilities reclassed to equity			—				(14,689	)			(14,689	)
Gains included in earnings			(7,653	)			(1,853	)			(9,506	)
Balance at July 3, 2022		$	14,140			$	10,054			$	24,194
Balance at December 31, 2022		$	1,581			$	1,176			$	2,757
Losses included in earnings			1,150				1,389				2,539
Balance at July 2, 2023		$	2,731			$	2,565			$	5,296

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

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