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Property Plant and Equipment and Intangible Assets (Tables)
12 Months Ended
Jan. 03, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Components of Property Plant and Equipment Net

The following tables summarize the components of property, plant and equipment as of January 3, 2025 and December 29, 2023:

 

 

January 3, 2025

 

 

December 29, 2023

 

(In thousands)

 

 

 

 

 

 

Building and land

 

$

171

 

 

$

4,002

 

Machinery, equipment, and vehicles

 

 

51,227

 

 

 

70,250

 

Office furniture and equipment

 

 

6,876

 

 

 

9,324

 

Property, plant and equipment, gross

 

 

58,274

 

 

 

83,576

 

Accumulated depreciation

 

 

(39,142

)

 

 

(37,203

)

Property, plant and equipment, net

 

$

19,132

 

 

$

46,373

 

 

 

 

Fiscal Year Ended

 

 

 

January 3,

 

 

December 29,

 

 

 

2025

 

 

2023

 

(In thousands)

 

 

 

 

 

 

Depreciation expense

 

$

12,276

 

 

$

14,338

 

Schedule of Finite Lived Intangible Assets Including the Weighted Average Useful Lives

The following tables present the Company’s finite-lived intangible assets, including the weighted- average useful lives for each major intangible asset category and in total:

 

 

 

January 3, 2025

 

 

 

Weighted Average Remaining Useful Life

 

 

Intangible Assets, Gross

 

 

Accumulated Amortization

 

 

Intangible Assets, Net

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Trademark

 

 

3

 

 

$

10,600

 

 

$

(6,057

)

 

$

4,543

 

Customer contracts

 

 

2

 

 

 

6,373

 

 

 

(4,249

)

 

 

2,124

 

Total

 

 

 

 

$

16,973

 

 

$

(10,306

)

 

$

6,667

 

 

 

 

December 29, 2023

 

 

 

Weighted Average Remaining Useful Life

 

 

Intangible Assets, Gross

 

 

Accumulated Amortization

 

 

Intangible Assets, Net

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Trademark

 

 

4

 

 

$

10,600

 

 

$

(4,543

)

 

$

6,057

 

Customer contracts

 

 

3

 

 

 

6,527

 

 

 

(3,340

)

 

 

3,187

 

Total

 

 

 

 

$

17,127

 

 

$

(7,883

)

 

$

9,244

 

Schedule of Estimated Aggregate Remaining Amortization The Company’s estimated aggregate remaining amortization is as follows:

 

 

 

Amortization

 

 

 

Expense

 

(In thousands)

 

 

 

2025

 

$

2,577

 

2026

 

 

2,577

 

2027

 

 

1,513

 

Total

 

$

6,667