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Leases (Tables)
12 Months Ended
Dec. 29, 2023
Leases [Abstract]  
Schedule of Lease Expense

Lease expenses recorded within the consolidated statements of operations are comprised as follows:

 

 

Fiscal Year Ended

 

(In thousands)

 

December 29, 2023

 

 

December 30, 2022

 

Operating lease cost

 

 

 

 

 

 

Cost of revenue

 

$

11,351

 

 

$

10,267

 

Selling, general and administrative expenses

 

 

1,210

 

 

 

1,539

 

Finance lease cost (all in cost of revenue):

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

282

 

 

 

300

 

Interest on lease liabilities

 

 

50

 

 

 

34

 

Short-term lease cost

 

 

594

 

 

 

382

 

Total lease cost

 

$

13,487

 

 

$

12,522

 

Schedule of Balance Sheets Information Related to Leases

Additional consolidated balance sheets information related to leases is as follows:

 

 

 

Balance Sheet

 

December 29,

 

 

December 30,

 

(In thousands)

 

Classification

 

2023

 

 

2022

 

Assets:

 

 

 

 

 

 

 

 

Operating lease assets

 

Lease right-of-use assets

 

$

23,568

 

 

$

21,811

 

Finance lease assets

 

Lease right-of-use assets

 

 

287

 

 

 

879

 

Total lease assets

 

 

 

$

23,855

 

 

$

22,690

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

  

 

 

 

 

 

 

Current:

 

  

 

 

 

 

 

 

Operating lease liabilities

 

Other current liabilities

 

$

8,247

 

 

$

7,767

 

Finance lease liabilities

 

Other current liabilities

 

 

317

 

 

 

313

 

Total current lease liabilities

 

  

 

$

8,564

 

 

$

8,080

 

 

 

 

 

 

 

 

Non-current:

 

  

 

 

 

 

 

 

Operating lease liabilities

 

Lease liabilities, non-current

 

$

15,017

 

 

$

13,861

 

Finance lease liabilities

 

Lease liabilities, non-current

 

 

28

 

 

 

581

 

Total non-current lease liabilities

 

 

 

$

15,045

 

 

$

14,442

 

Schedule of Weighted Average Remaining Lease Term

Weighted average remaining lease term information related to leases is as follows:

 

 

 

December 29,

 

 

December 30,

 

 

 

2023

 

 

2022

 

Weighted average remaining lease term (in years):

 

 

 

 

 

 

Operating leases

 

 

3.4

 

 

 

4.1

 

Finance leases

 

 

1.1

 

 

 

2.1

 

Weighted average discount rate:

 

 

 

 

 

 

Operating leases

 

 

6.3

%

 

 

5.3

%

Finance leases

 

 

9.9

%

 

 

3.2

%

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

 

 

 

Fiscal Year Ended

 

 

 

December 29,

 

 

December 30,

 

(In thousands)

 

2023

 

 

2022

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

11,070

 

 

$

11,852

 

Financing cash flows from finance leases

 

$

303

 

 

$

303

 

Right-of-use assets obtained in exchange for new operating leases

 

$

13,215

 

 

$

11,300

 

Schedule of Remaining Lease Payments Under Operating and Financing Leases

Total remaining lease payments under both the Company’s operating and finance leases are as follows:

 

 

 

Operating

 

 

Financing

 

Year

 

Leases

 

 

Leases

 

(In thousands)

 

 

 

 

 

 

2024

 

$

9,421

 

 

$

337

 

2025

 

 

8,363

 

 

 

28

 

2026

 

 

3,532

 

 

 

 

2027

 

 

1,912

 

 

 

 

2028

 

 

1,718

 

 

 

 

Thereafter

 

 

808

 

 

 

 

Total lease payments

 

 

25,754

 

 

 

365

 

Amounts representing interest

 

 

(2,490

)

 

 

(20

)

Total lease liabilities

 

$

23,264

 

 

$

345