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Note 4 - Balance Sheet Components

12 Months Ended

Dec. 28, 2024

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 28,*		*December 30,*
(In thousands)	*2024*		*2023*
Accounts receivable	$	81,060	$	104,373
Less: Allowance for credit losses		—		—
Accounts receivable, net of allowance for credit losses	$	81,060	$	104,373

We had no material bad debt expense in fiscal 2024, 2023, or 2022.

Inventories

	*December 28,*		*December 30,*
(In thousands)	*2024*		*2023*
Work in progress	$	82,273	$	65,396
Finished goods		21,137		33,430
Total inventories, net	$	103,410	$	98,826

Accrued Liabilities

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

	*December 28,*		*December 30,*
(In thousands)	*2024*		*2023*
Current portion of liability for non-cancelable contracts	$	13,534	$	11,418
Contract liabilities		11,182		5,304
Liability for expiring production materials		7,019		2,172
Current portion of operating lease liabilities		5,818		5,571
Foreign, VAT, and other taxes payable		3,375		6,758
Other accrued liabilities		4,710		4,825
Total accrued liabilities	$	45,638	$	36,048

Other Long-Term Liabilities

Included in Other long-term liabilities in the Consolidated Balance Sheets are the following balances:

	*December 28,*		*December 30,*
(In thousands)	*2024*		*2023*
Long-term portion of liability for non-cancelable contracts	$	16,022	$	7,668
Long-term portion of uncertain tax positions		2,518		21,888
Other long-term liabilities		5,376		11,179
Total other long-term liabilities	$	23,916	$	40,735