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Joint Ventures and Variable Interest Entities (Tables) | 9 Months Ended
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Sep. 27, 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:
|  | September 27, |  |  | December 29, |
|  | 2024 |  |  | 2023 |
(In thousands) |  |  |  |  |  |
Current assets |  | $ | 82,389 |  |  | $ | 34,071 |
Non-current assets |  |  | - |  |  |  | 8,971 |
Total assets |  |  | 82,389 |  |  |  | 43,042 |
Current liabilities |  |  | 74,129 |  |  |  | 59,602 |
Non-current liabilities |  |  | 2,223 |  |  |  | 2,013 |
Total liabilities |  | $ | 76,352 |  |  | $ | 61,615 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 27, |  |  | September 29, |  |  | September 27, |  |  | September 29, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 38,136 |  |  | $ | 5,277 |  |  | $ | 45,494 |  |  | $ | 18,750 |
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:
|  | September 27, |  |  | December 29, |
|  | 2024 |  |  | 2023 |
(In thousands) |  |  |  |  |  |
Current assets |  | $ | 84,541 |  |  | $ | 74,498 |
Non-current assets |  |  | 406 |  |  |  | 14,333 |
Total assets |  |  | 84,947 |  |  |  | 88,831 |
Current liabilities |  |  | 39,536 |  |  |  | 42,817 |
Total liabilities |  | $ | 39,536 |  |  | $ | 42,817 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 27, |  |  | September 29, |  |  | September 27, |  |  | September 29, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 21,393 |  |  | $ | 16,862 |  |  | $ | 53,018 |  |  | $ | 59,458 |
Cost of revenue |  |  | 22,996 |  |  |  | 12,003 |  |  |  | 61,821 |  |  |  | 44,114 |
Gross margin |  |  | (1,603 | ) |  |  | 4,859 |  |  |  | (8,803 | ) |  |  | 15,344 |
Net (loss) income |  | $ | (1,603 | ) |  | $ | 4,909 |  |  | $ | (8,803 | ) |  | $ | 14,960 |
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 |  |  | Nine Months Ended |
|  | September 27, |  |  | September 29, |  |  | September 27, |  |  | September 29, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 474 |  |  | $ | 604 |  |  | $ | 1,207 |  |  | $ | 2,677 |
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 September 27, 2024 and December 29, 2023 are as follows:
|  | September 27, |  |  | December 29, |
|  | 2024 |  |  | 2023 |
(In thousands) |  |  |  |  |  |
Accounts receivable, net |  | $ | 2,155 |  |  | $ | 2,092 |

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- Definition Joint ventures and variable interest entities disclosure. + References No definition available. + Details
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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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