Business Combinations (Tables)

6 Months Ended

Jun. 27, 2025

Business Combinations [Abstract]

Summary of Estimated Total Purchase Consideration

Pursuant to the Share Purchase Agreement, the Company acquired all outstanding equity of Keonn for estimated total purchase consideration of $75.4 million, which consists of:

Cash consideration	$	67,218
Deferred consideration		3,674
Estimated fair value of contingent consideration		4,537
Estimated total purchase consideration	$	75,429

Summary of Preliminary Valuation, Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

Based upon the Company’s preliminary valuation, the purchase price for Keonn was allocated as follows (in thousands):

	Purchase Price
	Allocation
Cash	$	4,045
Accounts receivable		1,977
Inventory		5,377
Property, plant and equipment		1,401
Operating lease assets		3,124
Intangible assets		32,326
Goodwill		44,214
Other assets		1,412
Total assets acquired		93,876
Accounts payable		1,593
Operating lease liabilities		3,124
Debt		2,504
Deferred tax liabilities		7,150
Other liabilities		4,076
Total liabilities assumed		18,447
Total assets acquired, net of liabilities assumed		75,429
Less: cash acquired		4,045
Purchase price, net of cash acquired	$	71,384

Fair Value of Intangible Assets

The fair value of intangible assets for Keonn is comprised of the following:

	Estimated Fair		Amortization
	Value (In thousands)		Period
Developed technologies	$	9,753	9 years
Customer relationships		21,477	9 years
Trade name		1,096	14 years
Total	$	32,326