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Leases (Tables)

9 Months Ended

Sep. 27, 2024

Leases [Abstract]

Schedule of Lease Expense

Lease expenses recorded within the condensed consolidated statements of operations are comprised as follows:


		Three Months Ended								Nine Months Ended
(In thousands)		September 27, 2024				September 29, 2023				September 27, 2024				September 29, 2023
Operating lease cost
Cost of revenue		$	3,239			$	2,954			$	7,988			$	9,732
Selling, general and administrative expenses			478				213				1,028				885
Finance lease cost (all in cost of revenue):
Amortization of right-of-use assets			66				66				199				216
Interest on lease liabilities			4				47				18				60
Short-term lease cost			88				203				332				521
Total lease cost		$	3,875			$	3,483			$	9,565			$	11,414

Schedule of Balance Sheets Information Related to Leases

Additional condensed consolidated balance sheets information related to leases is as follows:


				September 27,				December 29,
(In thousands)		Balance Sheet Classification		2024				2023
Assets:
Operating lease assets		Lease right-of-use assets		$	25,908			$	23,568
Finance lease assets		Lease right-of-use assets			88				287
Total lease assets				$	25,996			$	23,855


Liabilities:
Current:
Operating lease liabilities		Other current liabilities		$	6,680			$	8,247
Finance lease liabilities		Other current liabilities			110				317
Total current lease liabilities				$	6,790			$	8,564

Non-current:
Operating lease liabilities		Lease liabilities, non-current		$	17,117			$	15,017
Finance lease liabilities		Lease liabilities, non-current			-				28
Total non-current lease liabilities				$	17,117			$	15,045

Schedule of Weighted Average Remaining Lease Term

Weighted average remaining lease term information related to leases is as follows:


		September 27,		December 29,
		2024		2023
Weighted average remaining lease term (in years):
Operating leases		4.4		3.4
Finance leases		0.3		1.1
Weighted average discount rate:
Operating leases		6.9%		6.3%
Finance leases		9.9%		9.9%

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:


		Nine Months Ended
		September 27,				September 29,
(In thousands)		2024				2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	7,768			$	8,685
Financing cash flows from finance leases		$	235			$	228
Right-of-use assets obtained in exchange for new operating leases		$	6,527			$	12,905

Schedule of Remaining Lease Payments Under Operating and Financing Leases

Total remaining lease payments under both the Company’s operating and finance leases are as follows:


		Operating				Financing
(In thousands)		Leases				Leases
Year
2024		$	1,837			$	84
2025			7,224				28
2026			5,383				—
2027			3,930				—
2028			3,956				—
Thereafter			5,926				—
Total lease payments			28,256				112
Amounts representing interest			(4,459	)			(2	)
Total lease liabilities		$	23,797			$	110