v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net loss $ (6,218) $ (4,632)
Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities    
Depreciation and amortization 4,505 5,065
Accretion of investment tax credits (147) 0
Amortization of debt issuance costs included in interest expense 242 440
Equity-based compensation expense 1,879 2,072
Deferred income taxes 39 (56)
Provision (allowance) for credit losses 355 (121)
Changes in operating assets and liabilities    
Accounts receivable and contract assets 15,292 12,933
Inventory 315 (217)
Prepaid expenses, other current assets, and other assets 858 (8,025)
Accounts payable and accrued expenses (12,565) (10,883)
Contract liabilities, current and long-term 51,412 (590)
Income tax receivable and payable 0 90
Net cash provided by (used in) operating activities 55,967 (3,924)
Cash flows from investing activities    
Purchase of software and licenses (413) (811)
Purchases of property and equipment (14,770) (1,259)
Net cash used in investing activities (15,183) (2,070)
Cash flows from financing activities    
Proceeds from draws on the revolving line of credit 125,000 90,500
Repayment of draws on the revolving line of credit (132,181) (81,930)
Proceeds from tool financings 0 920
Principal payments on long-term debt (1,229) (862)
Cash paid for principal on finance leases (269) (274)
Proceeds from the issuance of common stock pursuant to equity compensation plans 1,259 1,260
Cash paid on licensed technology obligations 0 (2,000)
Contributions from noncontrolling interest 626 0
Distributions to noncontrolling interest (1,600) 0
Net cash (used in) provided by financing activities (8,394) 7,614
Net increase in cash and cash equivalents 32,390 1,620
Cash and cash equivalents, beginning of period 18,844 18,382
Cash and cash equivalents, end of period 51,234 20,002
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 1,024 1,372
Cash paid during the period for income taxes 0 7
Noncash investing and financing activity    
Capital expenditures incurred, not yet paid 1,738 1,732
Investment tax credit not received 337 0
Intangible assets acquired, not yet paid $ 185 $ 713