Note 8 - Intangible Assets

3 Months Ended

Apr. 04, 2026

Notes to Financial Statements

Intangible Asset [Text Block]

Note 8 - Intangible Assets

In connection with our previous acquisitions and purchases of certain intellectual property assets, we have recorded identifiable intangible assets related to existing technology, customer relationships, and trade name / trademarks. We amortize the intangible assets using the straight-line method over their estimated useful lives. Additionally, we have entered into license agreements for third-party technology and recorded them as intangible assets. These licenses are being amortized to Research and development expense over their estimated useful lives. On our Consolidated Balance Sheets at April 4, 2026 and January 3, 2026, Intangible assets, net are shown net of accumulated amortization of $166.3 million and $165.7 million, respectively.

We recorded amortization expense related to intangible assets on the Consolidated Statements of Operations as presented in the following table:

	Three Months Ended
	April 4,		March 29,
(In thousands)	2026		2025
Research and development	$	549	$	479
Amortization of acquired intangible assets		20		—
	$	569	$	479