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Leases | 12 Months Ended
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Jan. 03, 2025
Leases [Abstract] |
Leases | Note 10. Leases Lease expenses recorded within the consolidated statements of operations are comprised as follows:
|  | Fiscal Year Ended |
(In thousands) |  | January 3, 2025 |  |  | December 29, 2023 |
Operating lease cost |  |  |  |  |  |
Cost of revenue |  | $ | 10,194 |  |  | $ | 11,351 |
Selling, general and administrative expenses |  |  | 1,105 |  |  |  | 1,210 |
Finance lease cost (all in cost of revenue): |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 287 |  |  |  | 282 |
Interest on lease liabilities |  |  | 20 |  |  |  | 50 |
Short-term lease cost |  |  | 464 |  |  |  | 594 |
Total lease cost |  | $ | 12,070 |  |  | $ | 13,487 |
Additional consolidated balance sheets information related to leases is as follows:
|  | Balance Sheet |  | January 3, |  |  | December 29, |
(In thousands) |  | Classification |  | 2025 |  |  | 2023 |
Assets: |  |  |  |  |  |  |  |
Operating lease assets |  | Lease right-of-use assets |  | $ | 24,232 |  |  | $ | 23,568 |
Finance lease assets |  | Lease right-of-use assets |  |  | — |  |  |  | 287 |
Total lease assets |  |  |  | $ | 24,232 |  |  | $ | 23,855 |
Liabilities: |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |
Operating lease liabilities |  | Other current liabilities |  | $ | 6,571 |  |  | $ | 8,247 |
Finance lease liabilities |  | Other current liabilities |  |  | — |  |  |  | 317 |
Total current lease liabilities |  |  |  | $ | 6,571 |  |  | $ | 8,564 |
Non-current: |  |  |  |  |  |  |  |
Operating lease liabilities |  | Lease liabilities, non-current |  | $ | 15,987 |  |  | $ | 15,017 |
Finance lease liabilities |  | Lease liabilities, non-current |  |  | — |  |  |  | 28 |
Total non-current lease liabilities |  |  |  | $ | 15,987 |  |  | $ | 15,045 |
Weighted average remaining lease term information related to leases is as follows:
|  | January 3, |  |  | December 29, |
|  | 2025 |  |  | 2023 |
Weighted average remaining lease term (in years): |  |  |  |  |  |
Operating leases |  |  | 4.3 |  |  |  | 3.4 |
Finance leases |  |  | — |  |  |  | 1.1 |
Weighted average discount rate: |  |  |  |  |  |
Operating leases |  |  | 6.9 | % |  |  | 6.3 | %
Finance leases |  |  | — |  |  |  | 9.9 | %
Supplemental cash flow information related to leases is as follows:
|  | Fiscal Year Ended |
|  | January 3, |  |  | December 29, |
(In thousands) |  | 2025 |  |  | 2023 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 8,157 |  |  | $ | 11,070 |
Financing cash flows from finance leases |  | $ | 317 |  |  | $ | 303 |
Right-of-use assets obtained in exchange for new operating leases |  | $ | 11,862 |  |  | $ | 13,215 |
Total remaining lease payments under both the Company’s operating and finance leases are as follows:
|  | Operating |
Year |  | Leases |
(In thousands) |  |  |
2025 |  | $ | 7,360 |
2026 |  |  | 5,422 |
2027 |  |  | 3,966 |
2028 |  |  | 3,984 |
2029 |  |  | 2,846 |
Thereafter |  |  | 3,081 |
Total lease payments |  |  | 26,659 |
Amounts representing interest |  |  | (4,101 | )
Total lease liabilities |  | $ | 22,558 |

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- References No definition available. + Details
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