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Property Plant and Equipment and Intangible Assets (Tables)
12 Months Ended
Dec. 29, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Components of Property Plant and Equipment Net

The following table summarizes the components of property, plant and equipment as of December 29, 2023 and December 30, 2022.

 

 

December 29, 2023

 

 

December 30, 2022

 

(In thousands)

 

 

 

 

 

 

Building and land

 

$

4,002

 

 

$

3,887

 

Machinery, equipment, and vehicles

 

 

70,250

 

 

 

67,698

 

Office furniture and equipment

 

 

9,324

 

 

 

7,891

 

Property, plant and equipment, gross

 

 

83,576

 

 

 

79,476

 

Accumulated depreciation

 

 

(37,203

)

 

 

(24,268

)

Property, plant and equipment, net

 

$

46,373

 

 

$

55,208

 

 

 

 

Fiscal Year Ended

 

 

 

December 29,

 

 

December 30,

 

 

 

2023

 

 

2022

 

(In thousands)

 

 

 

 

 

 

Depreciation expense

 

$

14,338

 

 

$

13,047

 

Schedule of Finite Lived Intangible Assets Including the Weighted Average Useful Lives

The following table presents the Company’s finite-lived intangible assets, including the weighted- average useful lives for each major intangible asset category and in total:

 

 

 

December 29, 2023

 

 

 

Weighted Average Remaining Useful Life

 

 

Intangible Assets, Gross

 

 

Accumulated Amortization

 

 

Intangible Assets, Net

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Trademark

 

 

4

 

 

$

10,600

 

 

$

(4,543

)

 

$

6,057

 

Customer contracts

 

 

3

 

 

 

6,527

 

 

 

(3,340

)

 

 

3,187

 

Total

 

 

 

 

$

17,127

 

 

$

(7,883

)

 

$

9,244

 

 

 

 

December 30, 2022

 

 

 

Weighted Average Remaining Useful Life

 

 

Intangible Assets, Gross

 

 

Accumulated Amortization

 

 

Intangible Assets, Net

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Trademark

 

 

5

 

 

$

10,600

 

 

$

(3,029

)

 

$

7,571

 

Customer contracts

 

 

4

 

 

 

6,709

 

 

 

(2,236

)

 

 

4,473

 

Total

 

 

 

 

$

17,309

 

 

$

(5,265

)

 

$

12,044

 

Schedule of Estimated Aggregate Remaining Amortization The Company’s estimated aggregate remaining amortization is as follows:

 

 

 

Amortization

 

 

 

Expense

 

(In thousands)

 

 

 

2024

 

$

2,577

 

2025

 

 

2,577

 

2026

 

 

2,577

 

2027

 

 

1,513

 

Total

 

$

9,244