Note 7 - Leases

3 Months Ended

Apr. 04, 2026

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

Note 7 - Leases

Our facilities for corporate offices, sales offices, research and development facilities, storage facilities, and a data center, are all leased under operating leases, which expire at various times through 2035. Our leases have remaining lease terms of less than 1 year up to 9 years, some of which include options to extend for up to 5 years, and some of which include options to terminate within 1 year. The weighted-average remaining lease term was 6.2 years and the weighted-average discount rate was 4.9% as of April 4, 2026.

We recorded fixed operating lease expenses of $2.4 million and $2.1 million for the first quarter of fiscal 2026 and 2025, respectively.

The following table presents the lease balance classifications within the Consolidated Balance Sheets and summarizes their activity during the first three months of fiscal 2026:

Operating lease right-of-use assets	(In thousands)
Balance as of January 3, 2026	$	39,459
Right-of-use assets obtained for new or renewed lease contracts during the period		170
Amortization of right-of-use assets during the period		(1,867	)
Adjustments for present value and foreign currency effects		(227	)
Balance as of April 4, 2026	$	37,535

Operating lease liabilities	(In thousands)
Balance as of January 3, 2026	$	42,107
Lease liabilities accrued for new or renewed lease contracts during the period		170
Accretion of lease liabilities		484
Operating cash used for payments on lease liabilities		(2,621	)
Adjustments for present value and foreign currency effects		(240	)
Balance as of April 4, 2026		39,900
Less: Current portion of operating lease liabilities (included in Accrued liabilities)		(5,839	)
Long-term operating lease liabilities, net of current portion	$	34,061

Maturities of operating lease liabilities as of April 4, 2026 are as follows:

Fiscal year	(In thousands)
2026 (Remaining 3 quarters)	$	5,217
2027		8,612
2028		7,767
2029		5,395
2030		5,434
Thereafter		14,603
Total lease payments		47,028
Less: amount representing interest		(7,128	)
Present value of lease liabilities	$	39,900