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Leases (Tables)
9 Months Ended
Oct. 03, 2025
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)

 

October 3, 2025

 

 

September 27, 2024

 

 

October 3, 2025

 

 

September 27, 2024

 

Operating lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

$

2,159

 

 

$

3,239

 

 

$

6,652

 

 

$

7,988

 

Selling, general and administrative expenses

 

 

237

 

 

 

478

 

 

 

761

 

 

 

1,028

 

Finance lease cost (all in cost of revenue):

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

516

 

 

 

66

 

 

 

803

 

 

 

199

 

Interest on lease liabilities

 

 

30

 

 

 

4

 

 

 

73

 

 

 

18

 

Short-term lease cost

 

 

171

 

 

 

88

 

 

 

418

 

 

 

332

 

Total lease cost

 

$

3,113

 

 

$

3,875

 

 

$

8,707

 

 

$

9,565

 

Schedule of Balance Sheets Information Related to Leases

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

 

 

 

 

 

October 3,

 

 

January 3,

 

(In thousands)

 

Balance Sheet Classification

 

2025

 

 

2025

 

Assets:

 

 

 

 

 

 

 

 

Operating lease assets

 

Lease right-of-use assets

 

$

16,956

 

 

$

24,232

 

Finance lease assets

 

Lease right-of-use assets

 

 

1,297

 

 

 

 

Total lease assets

 

 

 

$

18,253

 

 

$

24,232

 

 

 

 

 

 

 

 

Liabilities:

 

  

 

 

 

 

 

 

Current:

 

  

 

 

 

 

 

 

Operating lease liabilities

 

Other current liabilities

 

$

4,732

 

 

$

6,571

 

Finance lease liabilities

 

Other current liabilities

 

 

330

 

 

 

 

Total current lease liabilities

 

  

 

$

5,062

 

 

$

6,571

 

 

 

 

 

 

 

 

Non-current:

 

  

 

 

 

 

 

 

Operating lease liabilities

 

Lease liabilities, non-current

 

$

11,891

 

 

$

15,987

 

Finance lease liabilities

 

Lease liabilities, non-current

 

 

989

 

 

 

 

Total non-current lease liabilities

 

 

 

$

12,880

 

 

$

15,987

 

Schedule of Weighted Average Remaining Lease Term

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

 

 

 

October 3,

 

January 3,

 

 

2025

 

2025

Weighted average remaining lease term (in years):

 

 

 

 

Operating leases

 

4.3

 

4.3

Finance leases

 

2.7

 

Weighted average discount rate:

 

 

 

 

Operating leases

 

7.4%

 

6.9%

Finance leases

 

8.8%

 

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

 

 

 

Nine Months Ended

 

 

 

October 3,

 

 

September 27,

 

(In thousands)

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

6,723

 

 

$

7,768

 

Financing cash flows from finance leases

 

 

179

 

 

 

235

 

Right-of-use assets obtained in exchange for new operating leases

 

$

1,311

 

 

$

6,527

 

Schedule of Remaining Lease Payments Under Operating and Finance Leases

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

 

 

 

Operating

 

 

Finance

 

(In thousands)

 

Leases

 

 

Leases

 

Year

 

 

 

 

 

 

2025

 

$

639

 

 

$

110

 

2026

 

 

5,411

 

 

 

432

 

2027

 

 

3,904

 

 

 

432

 

2028

 

 

3,810

 

 

 

541

 

2029

 

 

2,729

 

 

 

 

Thereafter

 

 

3,215

 

 

 

 

Total lease payments

 

 

19,708

 

 

 

1,515

 

Amounts representing interest

 

 

(3,085

)

 

 

(196

)

Total lease liabilities

 

$

16,623

 

 

$

1,319