v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss $ (15,075) $ (5,587)
Adjustments to reconcile net loss to net cash flows provided by operating activities    
Depreciation and amortization 9,044 9,129
Gain on sale of property and equipment 0 (78)
Accretion of investment tax credits (385) 0
Amortization of debt issuance costs included in interest expense 484 880
Equity-based compensation expense 4,220 4,088
Deferred income taxes (28) (115)
Allowance for credit losses 289 203
Changes in operating assets and liabilities    
Accounts receivable and contract assets 23,648 24,775
Inventory 1,151 727
Prepaid expenses, other current assets, and other assets (18,665) (560)
Accounts payable and accrued expenses 4,548 (18,529)
Contract liabilities, current and long-term 45,069 (9,427)
Income tax receivable and payable 0 (83)
Net cash provided by operating activities 54,300 5,423
Cash flows from investing activities    
Purchase of software and licenses (1,366) (1,155)
Proceeds from sale of property and equipment 0 23
Purchases of property and equipment (17,407) (2,086)
Net cash used in investing activities (18,773) (3,218)
Cash flows from financing activities    
Proceeds from draws on the revolving line of credit 189,466 168,500
Repayment of draws on the revolving line of credit (195,544) (163,900)
Proceeds from tool financings 0 920
Repayment of tool financing advanced payments 0 (920)
Proceeds from sale leaseback transaction 4,599 0
Principal payments on long-term debt (2,479) (2,047)
Cash paid for principal on finance leases (371) (396)
Proceeds from the issuance of common stock pursuant to equity compensation plans 725 1,260
Cash paid on licensed technology obligations 0 (2,000)
Contributions from noncontrolling interest 626 323
Distributions to noncontrolling interest (2,020) (3,965)
Net cash used in financing activities (4,998) (2,225)
Net change in cash and cash equivalents 30,529 (20)
Cash and cash equivalents, beginning of period 18,844 18,382
Cash and cash equivalents, end of period 49,373 18,362
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 2,428 3,416
Cash paid during the period for income taxes 30 112
Noncash investing and financing activity    
Capital expenditures incurred, not yet paid 2,812 4,042
Investment tax credit not received 445 0
Intangible assets acquired, not yet paid $ 216 $ 706