Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 03, 2022	Jan. 02, 2022
Current assets:
Cash and cash equivalents	$ 6,435	$ 12,917
Accounts receivable, net	47,698	39,381
Inventories	13,113	17,500
Prepaid expenses and other current assets	6,417	3,854
Income tax receivable	744	745
Total current assets	74,407	74,397
Property and equipment, net	187,364	180,475
Intangible assets, net	5,494	3,891
Other assets	4,411	4,835
Total assets	271,676	263,598
Current liabilities:
Current portion of long-term debt	1,030	1,021
Accounts payable	6,014	7,637
Accrued expenses	24,082	17,483
Current portion of contingent consideration	816	816
Deferred revenue - current	23,273	20,808
Total current liabilities	55,215	47,765
Long-term liabilities:
Long-term debt, less current portion and unamortized debt issuance costs	67,727	58,428
Long-term incentive plan	4,249	4,039
Deferred revenue - long-term	82,944	88,094
Deferred income tax liability, net	798	995
Other long-term liabilities	13,234	4,350
Total long-term liabilities	168,952	155,906
Total liabilities	224,167	203,671
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $0.01 par value per share (80,000,000 shares authorized; zero issued and outstanding)	0	0
Common stock, $0.01 par value per share (200,000,000 shares authorized; 39,904,690 and 39,836,038 shares issued and outstanding)	399	398
Additional paid-in capital	118,873	115,208
Accumulated deficit	(71,085)	(54,479)
Total shareholders’ equity, SkyWater Technology, Inc.	48,187	61,127
Non-controlling interests	(678)	(1,200)
Total shareholders’ equity	47,509	59,927
Total liabilities and shareholders’ equity	$ 271,676	$ 263,598