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Government Subsidies
12 Months Ended
Dec. 30, 2022
Government Grants And Subsidies [Abstract]  
Government Subsidies

17. GOVERNMENT SUBSIDIES

From April through December of 2020, the Singapore government announced a series of relief measures for wages paid to local employees with the purpose of supporting employers during this period of economic uncertainty related to the COVID-19 pandemic, including the co-funding of wages incurred by local employers in fiscal years 2022, 2021 and 2020. The Company recorded a total amount $0.7 million, $0.9 million and $3.1 million subsidies in fiscal years 2022, 2021 and 2020, respectively. These subsidies were recognized as reductions to relevant expenses in the consolidated statements of operations.

In September 2021, the Company’s manufacturing operations in Singapore have been awarded by a grant for up to S$2.3 million ($1.7 million) from the Singapore Economic Development Board, which provides incentive grant payments for research and innovation scheme for the Company in Singapore. Under this agreement, the Company recorded subsidies of $0.4 million in fiscal year 2022 and $0.2 million in fiscal year 2021. These subsidies were recorded as an offset to cost of revenues and other operating expenses.

The Company also received unconditional subsidies of $1.0 million, $0.7 million and $1.5 million from the Chinese government during fiscal years 2022, 2021 and 2020, respectively. These subsidies were recognized as other income in the consolidated statements of operations. In addition, the Chinese government reduced the cost of certain social insurance requirements and also subsidized rent which benefited the Company by $1.6 million in fiscal 2020. These subsidies were recorded as an offset to cost of revenues and other operating expenses.