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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Jun. 28, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 90,605 $ 155,189 $ 210,648 $ 319,297
Cost of revenue 121,736 155,646 257,639 313,532
Gross margin (31,131) (457) (46,991) 5,765
Selling, general and administrative expenses 18,079 16,943 33,603 32,502
Amortization of intangibles 644 658 1,288 1,316
Total operating expenses 18,723 17,601 34,891 33,818
Equity in (loss) earnings of unconsolidated joint ventures (1,854) 7,534 (1,591) 6,993
Gain on sale of assets 3,714 140 3,688 1,680
Loss from operations (47,994) (10,384) (79,785) (19,380)
Interest expense 1,496 576 2,393 607
Other expense (income), net 1,899 (649) 2,545 (343)
Net loss before income tax (51,389) (10,311) (84,723) (19,644)
Income tax expense 0 0 0 0
Net (loss) income (51,389) (10,311) (84,723) (19,644)
Net loss attributable to non-controlling interests 0 (11) (1) (7)
Net loss attributable to Shimmick Corporation $ (51,389) $ (10,300) $ (84,722) $ (19,637)
Net loss attributable to Shimmick Corporation per common share        
Basic $ (1.83) $ (0.47) $ (3.16) $ (0.9)
Diluted $ (1.83) $ (0.47) $ (3.16) $ (0.9)