Business Combinations (Tables)

9 Months Ended

Sep. 28, 2025

Business Combinations [Abstract]

Schedule of Provisional Fair Value of Identifiable Assets Acquired and Liabilities Assumed

The following table summarizes the provisional and final fair values of identifiable assets acquired and liabilities assumed and measurement period adjustments (in thousands):

	Provisional fair values			Measurement period adjustment			Final fair values as of September 28, 2025
Net assets acquired:
Cash	$	1,000		$	—		$	1,000
Accounts receivable		16,614			—			16,614
Inventories		27,706			20,682			48,388
Prepaid expenses and other current assets		2,219			—			2,219
Property and equipment		5,867			—			5,867
Operating lease right-of-use assets		2,506			—			2,506
Other noncurrent assets		541			—			541
Intangibles		18,100			(2,206	)		15,894
Deferred revenue		(7,361	)		—			(7,361	)
Accounts payable		(5,270	)		—			(5,270	)
Accrued expenses and other current liabilities		(13,955	)		—			(13,955	)
Operating lease liabilities		(2,963	)		—			(2,963	)
Other long-term liabilities		(8,980	)		—			(8,980	)
Fair value of net tangible assets acquired		36,024			18,476			54,500
Goodwill recognized		18,476			(18,476	)		—
Consideration transferred	$	54,500		$	—		$	54,500

 The following table summarizes the provisional fair value of identifiable assets acquired and liabilities assumed (in thousands):

Net assets acquired:
Accounts receivable	$	257
Prepaid expenses and other current assets		387
Property and equipment		241
Operating lease right-of-use assets		313
Other noncurrent assets		552
Intangibles		25,922
Contract liabilities		(11,073	)
Accounts payable		(184	)
Accrued expenses and other current liabilities		(1,322	)
Operating lease liabilities		(215	)
Fair value of net tangible assets acquired		14,878
Goodwill recognized		42,911
Consideration transferred	$	57,789

Schedule of Total Consideration is Summarized

The total consideration is summarized as follows (in thousands): 

Consideration
Cash	$	20,689
Seller note		20,000
Equity 3.3 million shares of the Company’s common stock		5,700
Contingent consideration arrangement – up to 6.6 million shares of the Company’s common stock		11,400
Fair value of total consideration transferred	$	57,789

Schedule of Intangible Assets Acquired and Estimated Useful Lives

As of the date of acquisition the intangible assets acquired and estimated useful lives were as follows:

	Estimated useful life	Amount
Customer related intangible	1 year	$	9,279
Trademark - Sunder	5 years		2,427
Developed technology - Sunder	5 years		14,216
Balance at end of period		$	25,922

Schedule of Pro Forma

The pro forma results do not necessarily reflect the actual results of operations of the combined business (in thousands).

	Thirty-Nine Weeks Ended
	September 28,			September 29,
	2025			2024
Pro forma revenue	$	276,353		$	319,639
Pro forma net loss from continuing operations		(45,402	)		(364,510	)