v3.25.1
Debt (Tables)
 3 Months Ended
Mar. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt Outstanding
The components of debt outstanding at March 30, 2025 and December 29, 2024 are as follows:
March 30, 2025December 29, 2024
Short-term financing
Revolver$23,881 $30,171 
Unamortized debt issuance costs(2,346)(2,502)
Total short-term financing, net of unamortized debt issuance costs21,535 27,669 
Long-term debt
VIE Financing34,386 34,671 
Tool financing loans (1)6,308 7,253 
Unamortized debt issuance costs(2,060)(2,147)
Total long-term debt, including current maturities38,634 39,777 
Less: Current portion of long-term debt(4,941)(5,073)
Total long-term debt, excluding current portion$33,693 $34,704 
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(1)Tool financing advance payments represent proceeds received from equipment lenders prior to the Company placing the tools into service. When the tools are placed into service, financing agreements are executed to repay the equipment lenders the financed acquisition cost of the tools, and any advance payments received from the equipment lenders are converted to tool financing loans and classified as long-term debt in the Company’s condensed consolidated balance sheets. Tool financings are often accounted for as failed sale and leasebacks.
Schedule of Future Principal Payments
Future principal payments of the Company’s long-term debt, excluding unamortized debt issuance costs, are as follows:
Remainder of 2025$3,846 
20264,491 
20271,219 
20281,259 
20291,307 
Thereafter28,572 
Total$40,694