Joint Ventures and Variable Interest Entities (Tables)

12 Months Ended

Jan. 03, 2025

Joint Ventures and Variable Interest Entities Disclosure [Abstract]

Summary of Financial Information of Consolidated Joint Ventures

A summary of financial information of the consolidated joint ventures is as follows:

	January 3,		December 29,
	2025		2023
(In thousands)
Current assets	$	11,063	$	34,071
Non-current assets		-		8,971
Total assets		11,063		43,042
Current liabilities		63,512		59,602
Non-current liabilities		2,433		2,013
Total liabilities	$	65,945	$	61,615

	Fiscal Year Ended
	January 3,		December 29,
	2025		2023
(In thousands)
Revenue	$	49,454	$	23,599

Summary of Financial Information of Unconsolidated Joint Ventures

A summary of financial information of the unconsolidated joint ventures, as derived from their financial statements, is as follows:

	January 3,		December 29,
	2025		2023
(In thousands)
Current assets	$	60,738	$	74,498
Non-current assets		9,573		14,333
Total assets		70,311		88,831
Current liabilities		28,351		42,817
Total liabilities	$	28,351	$	42,817

	Fiscal Year Ended
	January 3,			December 29,
	2025			2023
(In thousands)
Revenue	$	58,249		$	80,727
Cost of revenue		77,003			64,793
Gross margin		(18,754	)		15,934
Other expense		2,500			-
Net (loss) income	$	(21,254	)	$	15,934

Summary of Revenue Included Related to Services Provided to Related Parties

Revenue included related to services provided to unconsolidated joint venture related parties is as follows:

	Fiscal Year Ended
	January 3,		December 29,
	2025		2023
(In thousands)
Revenue	$	2,625	$	3,415

Summary of Condensed Consolidated Balance Sheets Related to Services Provided to Unconsolidated Joint Ventures

Amounts included in the consolidated balance sheets related to services provided to unconsolidated joint ventures for the years ended January 3, 2025 and December 29, 2023 are as follows:

	January 3,		December 29,
	2025		2023
(In thousands)
Accounts receivable, net	$	2,098	$	2,092