Leases

12 Months Ended

Jan. 03, 2025

Leases [Abstract]

Leases

Note 10. Leases

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

	Fiscal Year Ended
(In thousands)	January 3, 2025		December 29, 2023
Operating lease cost
Cost of revenue	$	10,194	$	11,351
Selling, general and administrative expenses		1,105		1,210
Finance lease cost (all in cost of revenue):
Amortization of right-of-use assets		287		282
Interest on lease liabilities		20		50
Short-term lease cost		464		594
Total lease cost	$	12,070	$	13,487

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

	Balance Sheet	January 3,		December 29,
(In thousands)	Classification	2025		2023
Assets:
Operating lease assets	Lease right-of-use assets	$	24,232	$	23,568
Finance lease assets	Lease right-of-use assets		—		287
Total lease assets		$	24,232	$	23,855
Liabilities:
Current:
Operating lease liabilities	Other current liabilities	$	6,571	$	8,247
Finance lease liabilities	Other current liabilities		—		317
Total current lease liabilities		$	6,571	$	8,564
Non-current:
Operating lease liabilities	Lease liabilities, non-current	$	15,987	$	15,017
Finance lease liabilities	Lease liabilities, non-current		—		28
Total non-current lease liabilities		$	15,987	$	15,045

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

	January 3,			December 29,
	2025			2023
Weighted average remaining lease term (in years):
Operating leases		4.3			3.4
Finance leases		—			1.1
Weighted average discount rate:
Operating leases		6.9	%		6.3	%
Finance leases		—			9.9	%

Supplemental cash flow information related to leases is as follows:

	Fiscal Year Ended
	January 3,		December 29,
(In thousands)	2025		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	8,157	$	11,070
Financing cash flows from finance leases	$	317	$	303
Right-of-use assets obtained in exchange for new operating leases	$	11,862	$	13,215

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

	Operating
Year	Leases
(In thousands)
2025	$	7,360
2026		5,422
2027		3,966
2028		3,984
2029		2,846
Thereafter		3,081
Total lease payments		26,659
Amounts representing interest		(4,101	)
Total lease liabilities	$	22,558