Leases (Tables)

3 Months Ended

Mar. 29, 2024

Leases [Abstract]

Schedule of Lease Expense

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

	Three Months Ended
(In thousands)	March 29, 2024		March 31, 2023
Operating lease cost
Cost of revenue	$	2,353	$	3,235
Selling, general and administrative expenses		305		293
Finance lease cost (all in cost of revenue):
Amortization of right-of-use assets		66		75
Interest on lease liabilities		8		7
Short-term lease cost		82		143
Total lease cost	$	2,814	$	3,753

Schedule of Balance Sheets Information Related to Leases

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

		March 29,		December 29,
(In thousands)	Balance Sheet Classification	2024		2023
Assets:
Operating lease assets	Lease right-of-use assets	$	23,130	$	23,568
Finance lease assets	Lease right-of-use assets		221		287
Total lease assets		$	23,351	$	23,855
Liabilities:
Current:
Operating lease liabilities	Other current liabilities	$	7,955	$	8,247
Finance lease liabilities	Other current liabilities		269		317
Total current lease liabilities		$	8,224	$	8,564
Non-current:
Operating lease liabilities	Lease liabilities, non-current	$	14,855	$	15,017
Finance lease liabilities	Lease liabilities, non-current		-		28
Total non-current lease liabilities		$	14,855	$	15,045

Schedule of Weighted Average Remaining Lease Term

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

	March 29,	December 29,
	2024	2023
Weighted average remaining lease term (in years):
Operating leases	3.4	3.4
Finance leases	0.8	1.1
Weighted average discount rate:
Operating leases	6.4%	6.3%
Finance leases	9.9%	9.9%

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

	Three Months Ended
	March 29,		March 31,
(In thousands)	2023		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,334	$	2,792
Financing cash flows from finance leases		76		77
Right-of-use assets obtained in exchange for new operating leases	$	1,879	$	8,604

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
(In thousands)	Leases			Leases
Year
2024	$	6,954		$	253
2025		8,848			28
2026		4,005			—
2027		2,352			—
2028		2,187			—
Thereafter		1,046			—
Total lease payments		25,392			281
Amounts representing interest		(2,582	)		(12	)
Total lease liabilities	$	22,810		$	269