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Property Plant and Equipment and Intangible Assets (Tables)
6 Months Ended
Jun. 28, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Components of Property Plant and Equipment Net

The following table summarizes the components of property, plant and equipment as of June 28, 2024 and December 29, 2023.

 

 

June 28,

 

 

December 29,

 

(In thousands)

 

2024

 

 

2023

 

Building and land

 

$

3,984

 

 

$

4,002

 

Machinery, equipment, and vehicles

 

 

50,596

 

 

 

70,250

 

Office equipment, software and construction in progress

 

 

16,210

 

 

 

9,324

 

Property, plant and equipment, gross

 

 

70,790

 

 

 

83,576

 

Accumulated depreciation

 

 

(34,637

)

 

 

(37,203

)

Property, plant and equipment, net

 

$

36,153

 

 

$

46,373

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 28,

 

 

June 30,

 

 

June 28,

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation expense

 

$

3,079

 

 

$

3,576

 

 

$

6,778

 

 

$

7,083

 

Schedule of Finite Lived Intangible Assets Including the Weighted Average Useful Lives

The following table presents the Company’s finite-lived intangible assets, including the weighted average useful lives for each major intangible asset category and in total:

 

 

 

June 28, 2024

(In thousands)

 

Weighted Average Remaining Useful Life in Years

 

 

Intangible Assets, Gross

 

 

Accumulated Amortization

 

 

Intangible Assets, Net

 

 

Trademark

 

 

3.5

 

 

$

10,600

 

 

$

(5,300

)

 

$

5,300

 

 

Customer contracts

 

 

2.5

 

 

 

6,373

 

 

 

(3,717

)

 

 

2,656

 

 

Total

 

 

 

 

$

16,973

 

 

$

(9,017

)

 

$

7,956

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 29, 2023

 

(In thousands)

 

Weighted Average Remaining Useful Life in Years

 

 

Intangible Assets, Gross

 

 

Accumulated Amortization

 

 

Intangible Assets, Net

 

Trademark

 

 

4

 

 

$

10,600

 

 

$

(4,543

)

 

$

6,057

 

Customer contracts

 

 

3

 

 

 

6,527

 

 

 

(3,340

)

 

 

3,187

 

Total

 

 

 

 

$

17,127

 

 

$

(7,883

)

 

$

9,244

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Estimated Aggregate Remaining Amortization

The Company’s estimated aggregate remaining amortization is as follows:

 

 

 

Amortization

 

(In thousands)

 

Expense

 

2024

 

$

1,288

 

2025

 

 

2,577

 

2026

 

 

2,577

 

2027

 

 

1,514

 

Total

 

$

7,956