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Note 4 - Balance Sheet Components

12 Months Ended

Dec. 30, 2023

Supplemental Balance Sheet Disclosures [Text Block]

Note 4 - Balance Sheet Components

Accounts Receivable

Accounts receivable do not bear interest and are shown net of an allowance for expected lifetime credit losses, which reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine this allowance through an assessment of known troubled accounts, analysis of our accounts receivable aging, historical experience, expectations for future economic conditions, management judgment, and other available evidence.

	*December 30,*		*December 31,*
(In thousands)	*2023*		*2022*
Accounts receivable	$	104,373	$	94,018
Less: Allowance for credit losses		—		—
Accounts receivable, net of allowance for credit losses	$	104,373	$	94,018

We had no material bad debt expense in fiscal 2023, 2022, or 2021.

Inventories

	*December 30,*		*December 31,*
(In thousands)	*2023*		*2022*
Work in progress	$	65,396	$	58,269
Finished goods		33,430		52,106
Total inventories, net	$	98,826	$	110,375

Accrued Liabilities

Included in Accrued liabilities in the Consolidated Balance Sheets are the following balances:

	*December 30,*		*December 31,*
(In thousands)	*2023*		*2022*
Liability for non-cancelable contracts	$	11,418	$	10,498
Contract liabilities		5,304		17,666
Current portion of operating lease liabilities		5,571		6,454
Foreign, VAT, and other taxes payable		6,758		4,268
Other accrued liabilities		6,997		9,581
Total accrued liabilities	$	36,048	$	48,467