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Joint Ventures and Variable Interest Entities (Tables) | 6 Months Ended
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Jun. 28, 2024
Joint Ventures and Variable Interest Entities Disclosure [Abstract] |
Summary of Financial Information of Consolidated Joint Ventures | A summary of financial information of the consolidated joint ventures is as follows:
|  | June 28, |  |  | December 29, |
|  | 2024 |  |  | 2023 |
(In thousands) |  |  |  |  |  |
Current assets |  | $ | 46,977 |  |  | $ | 34,071 |
Non-current assets |  |  | - |  |  |  | 8,971 |
Total assets |  |  | 46,977 |  |  |  | 43,042 |
Current liabilities |  |  | 55,984 |  |  |  | 59,602 |
Non-current liabilities |  |  | 2,082 |  |  |  | 2,013 |
Total liabilities |  | $ | 58,066 |  |  | $ | 61,615 |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 28, |  |  | June 30, |  |  | June 28, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 3,354 |  |  | $ | 8,859 |  |  | $ | 7,358 |  |  | $ | 13,473 |
Summary of Financial Information of Unconsolidated Joint Ventures | A summary of financial information of the unconsolidated joint ventures, as derived from their financial statements, is as follows:
|  | June 28, |  |  | December 29, |
|  | 2024 |  |  | 2023 |
(In thousands) |  |  |  |  |  |
Current assets |  | $ | 73,367 |  |  | $ | 74,498 |
Non-current assets |  |  | 10,398 |  |  |  | 14,333 |
Total assets |  |  | 83,765 |  |  |  | 88,831 |
Current liabilities |  |  | 36,351 |  |  |  | 42,817 |
Total liabilities |  | $ | 36,351 |  |  | $ | 42,817 |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 28, |  |  | June 30, |  |  | June 28, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 11,169 |  |  | $ | 13,708 |  |  | $ | 31,625 |  |  | $ | 42,596 |
Cost of revenue |  |  | 17,894 |  |  |  | (1,861 | ) |  |  | 38,825 |  |  |  | 32,111 |
Gross margin |  |  | (6,725 | ) |  |  | 15,569 |  |  |  | (7,200 | ) |  |  | 10,485 |
Net (loss) income |  | $ | (6,725 | ) |  | $ | 15,569 |  |  | $ | (7,200 | ) |  | $ | 10,051 |
Summary of Revenue Included Related to Services Provided to Related Parties | Revenue included related to services provided to unconsolidated joint venture related parties is as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 28, |  |  | June 30, |  |  | June 28, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 255 |  |  | $ | 1,124 |  |  | $ | 733 |  |  | $ | 2,169 |
Summary of Condensed Consolidated Balance Sheets Related to Services Provided to Unconsolidated Joint Ventures | Amounts included in the condensed consolidated balance sheets related to services provided to unconsolidated joint ventures as of June 28, 2024 and December 29, 2023 are as follows:
|  | June 28, |  |  | December 29, |
|  | 2024 |  |  | 2023 |
(In thousands) |  |  |  |  |  |
Accounts receivable, net |  | $ | 1,876 |  |  | $ | 2,092 |

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- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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