XML 72 R60.htm IDEA: XBRL DOCUMENT v3.25.1
Note 12 - Leases (Details Textual)
$ in Thousands, RM in Millions
3 Months Ended
Mar. 29, 2025
USD ($)
Mar. 30, 2024
USD ($)
Mar. 30, 2024
MYR (RM)
Dec. 28, 2024
USD ($)
Lessee, Operating Lease, Renewal Term 25 years      
Finance Lease, Right-of-Use Asset, Accumulated Amortization $ 400     $ 400
Increase (Decrease) in Operating Lease, Right-of-Use Assets (1,241) $ (1,858)    
Increase (Decrease) in Operating Lease Liability (1,292) (1,832)    
Operating lease assets [1] 12,768     $ 13,908 [2]
Operating Lease, Liability [3] 14,050      
2026, operating lease [3] 3,497      
2027, operating lease [3] 1,748      
2028, operating lease [3] 1,318      
2029, operating lease [3] 1,335      
Thereafter, operating lease [3] 4,446      
Leased Facility in Malaysia [Member]        
Payments to Acquire Productive Assets | RM     RM 41.8  
Increase (Decrease) in Operating Lease, Right-of-Use Assets   (400)    
Increase (Decrease) in Operating Lease Liability   (400)    
Increase (Decrease) in Finance Lease Assets   8,800    
Increase (Decrease) in Finance Lease Liability   $ 7,900    
Operating lease assets 9,500      
Operating Lease, Liability 8,400      
Facilities in San Diego, California [Member]        
2026, operating lease 2,500      
2027, operating lease 3,000      
2028, operating lease 2,600      
2029, operating lease 3,000      
Thereafter, operating lease $ 23,800      
Minimum [Member]        
Lessee, Lease, Remaining Term of Contract 1 year      
Maximum [Member]        
Lessee, Lease, Remaining Term of Contract 33 years      
[1] Finance lease assets are recorded net of accumulated amortization of $0.4 million as of March 29, 2025, and December 28, 2024. During the first quarter of fiscal 2024, we executed an agreement to purchase our leased facility in Malaysia for MYR 41.8 million, with the expectation that the title would transfer during fiscal 2024. We treated this transaction as a lease modification, and changed the classification to a finance lease, reducing our operating lease assets and liabilities by $0.4 million and increasing our finance lease assets and current lease liabilities by $8.8 million and $7.9 million, respectively. Due to a seller-imposed delay during the third quarter of fiscal 2024, the purchase date was delayed until fiscal 2025, triggering a modification of the finance lease resulting in the asset increasing to $9.5 million. At December 28, 2024, the finance lease liability decreased to $8.4 million, as a result of fluctuations in foreign currency exchange rates. On December 30, 2024, we completed the purchase of our leased facility in Melaka, Malaysia.
[2] Derived from December 28, 2024, audited financial statements
[3] During the first quarter of 2025, we executed an agreement to lease facilities in San Diego, California. This location will become our new headquarters after our Poway office lease terminates at the end of 2025. The San Diego lease is expected to commence on January 1, 2026, upon when we will add the lease asset and liability to our balance sheet. The minimum lease payments for this lease are $2.5 million, $3.0 million, $2.6 million, $ 3.0 million and $23.8 million for 2026, 2027, 2028, 2029 and thereafter, respectively.