XML 30 R23.htm IDEA: XBRL DOCUMENT v3.24.3

Joint Ventures and Variable Interest Entities (Tables)

9 Months Ended

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

X

- Definition

Joint ventures and variable interest entities disclosure.

+ References

No definition available.

+ Details

Name:	shim_JointVenturesAndVariableInterestEntitiesDisclosureAbstract
Namespace Prefix:	shim_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Summary of financial information of consolidated joint ventures.

+ References

No definition available.

+ Details

Name:	shim_SummaryOfFinancialInformationOfConsolidatedJointVenturesTableTextBlock
Namespace Prefix:	shim_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Summary of financial information of unconsolidated joint ventures.

+ References

No definition available.

+ Details

Name:	shim_SummaryOfFinancialInformationOfUnconsolidatedJointVenturesTableTextBlock
Namespace Prefix:	shim_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix:	srt_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration