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Leasing Arrangements (Tables)
12 Months Ended
Dec. 28, 2024
Lessee Disclosure [Abstract]  
Summary of Maturity of Lease Liabilities

As of December 28, 2024, there was an insignificant amount of commitments for operating leases that have not yet commenced. The reconciliation of the maturities of operating leases to the lease liabilities recorded on the Consolidated Balance Sheet as of December 28, 2024 is as follows:

 

Operating Lease

 

 

 

(in thousands)

 

2025

$

6,095

 

2026

 

4,308

 

2027

 

2,869

 

2028

 

2,447

 

2029

 

 

1,123

 

   Total undiscounted operating lease payments

 

16,842

 

Less: imputed interest

 

1,683

 

Present value of operating lease liabilities

$

15,159

 

Lease Terms The Company accounts for the lease and non-lease components as a single lease component.

 

 

December 28,

 

 

December 30,

 

Lease term and discount rate

 

2024

 

 

2023

 

Weighted average remaining lease term in years

 

 

3.5

 

 

 

4.2

 

Weighted average discount rate

 

 

5.1

%

 

 

4.7

%

Suplemental cashflows lease

Supplemental cash flows information related to leases was as follows:

 

 

Year Ended

 

 

 

December 28,
2024

 

 

December 30,
2023

 

 

 

(in thousands)

 

Cash paid for operating lease liabilities

 

$

6,372

 

 

$

6,527

 

Right-of-use assets obtained in exchange for operating lease liabilities

 

$

1,334

 

 

$

3,678