Income Taxes (Tables)

12 Months Ended

Dec. 29, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

The components of the provision for income taxes are as follows:

	Fiscal Year Ended
	December 29, 2023		December 30, 2022
(In thousands)
Current taxes:
Federal	$	—	$	1,030
State		—		244
Total current taxes		—		1,274
Deferred taxes:
Federal		—		—
State		—		—
Total deferred taxes		—		—
Provision for income taxes	$	—	$	1,274

Schedule of Effective Income Tax Rate Reconciliation

The differences between income taxes expected at the U.S. federal statutory income tax rate of 21% and the reported income tax (benefit) expense are summarized as follows:

	Fiscal Year Ended
	December 29, 2023			December 30, 2022
(In thousands)
Expected income tax (benefit) expense at federal statutory rate	$	(480	)	$	1,070
State income taxes, net of federal income tax benefit		27			790
Return to provision true-up		1,774			—
Permanent items		562			72
Contingent consideration		—			1,987
Change in valuation allowance		5,248			(2,645	)
State rate change		(7,131	)		—
Reported provision for income taxes	$	—		$	1,274
Effective tax rate		0	%		25	%

Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax liabilities and assets are as follows:

	December 29, 2023			December 30, 2022
(In thousands)
Deferred tax liabilities:
Depreciation and amortization	$	(10,598	)	$	(12,682	)
Right-of-use asset		(6,654	)		(6,169	)
Total deferred tax liabilities	$	(17,252	)	$	(18,851	)
Deferred tax assets:
Intangible assets	$	34,457		$	35,818
Contract loss reserve		11,143			17,687
Investment in partnerships		16,453			25,645
Lease liability		6,586			6,132
Stock compensation		1,428			804
Accrued expenses and reserves		5,895			9,409
Section 382 limitation		39,622			30,070
Net operating loss carryforwards		24,629			11,003
Other deferred tax assets		715			711
Total deferred tax assets	$	140,928		$	137,279
Net deferred tax assets before valuation allowance		123,676			118,428
Less: Valuation allowance		(123,676	)		(118,428	)
Net deferred tax assets	$	—		$	—