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Leases
6 Months Ended
Jun. 28, 2025
Leases [Abstract]  
Leases LEASES
Leases as Lessee

Balance sheet information related to right-of-use assets and liabilities is as follows:
Balance Sheet LocationJune 28,
2025
December 28, 2024
Operating Leases:
Operating lease right-of-use assetsOperating lease right-of-use assets$26,127 $25,368 
Current portion of operating lease liabilitiesCurrent portion of operating lease liabilities$4,437 $3,804 
Noncurrent portion of operating lease liabilitiesOperating lease liabilities22,591 22,295 
Total operating lease liabilities$27,028 $26,099 
Finance Leases:
Finance lease right-of-use assetsProperty, plant, and equipment, net$430 $498 
Current portion of finance lease liabilitiesCurrent portion of long-term debt$145 $142 
Noncurrent portion of finance lease liabilitiesLong-term debt236 314 
Total financing lease liabilities$381 $456 

Lease cost recognized in the consolidated condensed financial statements is summarized as follows:

Three Months EndedSix Months Ended
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Operating lease cost$1,687 $1,443 $3,119 $2,937 
Finance lease cost:
     Amortization of lease assets$25 $$49 $
     Interest on lease liabilities6 12 
Total finance lease costs$31 $$61 $11 
Other supplemental information related to leases is summarized as follows:
June 28,
2025
June 29,
2024
Weighted average remaining lease term (in years):
     Operating leases5.726.76
     Finance leases2.474.17
Weighted average discount rate:
     Operating leases7.29 %6.80 %
     Finance leases5.59 %6.69 %
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases$3,016 $2,919 
     Operating cash flows from finance leases12 
     Financing cash flows from finance leases75 17 

The following table summarizes the Company's future minimum lease payments under non-cancellable contractual obligations for operating and financing liabilities as of June 28, 2025:

Fiscal YearOperating LeasesFinance Leases
Remaining for 2025$3,225 $75 
20266,212 174 
20276,381 141 
20285,822 19 
20294,987 — 
Thereafter6,747 — 
Total future minimum lease payments (undiscounted)33,374 409 
Less: Present value discount6,346 28 
Total lease liability$27,028 $381 

Leases as Lessor

The Company leases or subleases to third parties certain excess space in its facilities, which are included as fixed assets. The leases are accounted for as operating leases and the lease or sublease income is included in other operating (income) expense, net. The Company recognizes lease income on a straight-line basis as collectability is probable, including any escalation or lease incentives, as applicable, and the Company continues to recognize the underlying asset which is included in property, plant and equipment, net on the Company's consolidated condensed balance sheets. The leases do not have any residual value guarantees. The Company has elected the practical expedient to combine all non-lease components as a combined component. The nature of the Company’s sublease agreements do not provide for variable lease payments or options to purchase.

Lease income and sublease income related to fixed lease payments is recognized in other operating (income) expense, net in the consolidated condensed statement of operations because they are not ordinary activities of the Company and is summarized as follows:

Three Months EndedSix Months Ended
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Operating lease income$566 $422 $1,030 $797 
The following table summarizes the Company's undiscounted lease payments to be received under operating leases including amounts to be paid by the Company to the head lessor for the next five years and thereafter as of June 28, 2025:

Fiscal YearGross Lease PaymentsPayments to Head LessorNet Lease Payments
2025$1,071 $211 $860 
20262,177 430 1,747 
20272,221 438 1,783 
20282,265 447 1,818 
20292,311 456 1,855 
Thereafter11,832 2,273 9,559 
Total$21,877 $4,255 $17,622 
Leases LEASES
Leases as Lessee

Balance sheet information related to right-of-use assets and liabilities is as follows:
Balance Sheet LocationJune 28,
2025
December 28, 2024
Operating Leases:
Operating lease right-of-use assetsOperating lease right-of-use assets$26,127 $25,368 
Current portion of operating lease liabilitiesCurrent portion of operating lease liabilities$4,437 $3,804 
Noncurrent portion of operating lease liabilitiesOperating lease liabilities22,591 22,295 
Total operating lease liabilities$27,028 $26,099 
Finance Leases:
Finance lease right-of-use assetsProperty, plant, and equipment, net$430 $498 
Current portion of finance lease liabilitiesCurrent portion of long-term debt$145 $142 
Noncurrent portion of finance lease liabilitiesLong-term debt236 314 
Total financing lease liabilities$381 $456 

Lease cost recognized in the consolidated condensed financial statements is summarized as follows:

Three Months EndedSix Months Ended
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Operating lease cost$1,687 $1,443 $3,119 $2,937 
Finance lease cost:
     Amortization of lease assets$25 $$49 $
     Interest on lease liabilities6 12 
Total finance lease costs$31 $$61 $11 
Other supplemental information related to leases is summarized as follows:
June 28,
2025
June 29,
2024
Weighted average remaining lease term (in years):
     Operating leases5.726.76
     Finance leases2.474.17
Weighted average discount rate:
     Operating leases7.29 %6.80 %
     Finance leases5.59 %6.69 %
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases$3,016 $2,919 
     Operating cash flows from finance leases12 
     Financing cash flows from finance leases75 17 

The following table summarizes the Company's future minimum lease payments under non-cancellable contractual obligations for operating and financing liabilities as of June 28, 2025:

Fiscal YearOperating LeasesFinance Leases
Remaining for 2025$3,225 $75 
20266,212 174 
20276,381 141 
20285,822 19 
20294,987 — 
Thereafter6,747 — 
Total future minimum lease payments (undiscounted)33,374 409 
Less: Present value discount6,346 28 
Total lease liability$27,028 $381 

Leases as Lessor

The Company leases or subleases to third parties certain excess space in its facilities, which are included as fixed assets. The leases are accounted for as operating leases and the lease or sublease income is included in other operating (income) expense, net. The Company recognizes lease income on a straight-line basis as collectability is probable, including any escalation or lease incentives, as applicable, and the Company continues to recognize the underlying asset which is included in property, plant and equipment, net on the Company's consolidated condensed balance sheets. The leases do not have any residual value guarantees. The Company has elected the practical expedient to combine all non-lease components as a combined component. The nature of the Company’s sublease agreements do not provide for variable lease payments or options to purchase.

Lease income and sublease income related to fixed lease payments is recognized in other operating (income) expense, net in the consolidated condensed statement of operations because they are not ordinary activities of the Company and is summarized as follows:

Three Months EndedSix Months Ended
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Operating lease income$566 $422 $1,030 $797 
The following table summarizes the Company's undiscounted lease payments to be received under operating leases including amounts to be paid by the Company to the head lessor for the next five years and thereafter as of June 28, 2025:

Fiscal YearGross Lease PaymentsPayments to Head LessorNet Lease Payments
2025$1,071 $211 $860 
20262,177 430 1,747 
20272,221 438 1,783 
20282,265 447 1,818 
20292,311 456 1,855 
Thereafter11,832 2,273 9,559 
Total$21,877 $4,255 $17,622