v3.25.4
Property Plant and Equipment and Intangible Assets
12 Months Ended
Jan. 02, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment and Intangible Assets

Note 5. Property, Plant and Equipment and Intangible Assets

The following tables summarize the components of property, plant and equipment as of January 2, 2026 and January 3, 2025:

 

 

January 2,
2026

 

 

January 3,
2025

 

(In thousands)

 

 

 

 

 

 

Building and land

 

$

171

 

 

$

171

 

Machinery, equipment, and vehicles

 

 

52,458

 

 

 

51,227

 

Office furniture and equipment

 

 

7,061

 

 

 

6,876

 

Property, plant and equipment, gross

 

 

59,690

 

 

 

58,274

 

Accumulated depreciation

 

 

(49,119

)

 

 

(39,142

)

Property, plant and equipment, net

 

$

10,571

 

 

$

19,132

 

 

 

 

Fiscal Year Ended

 

 

 

January 2,

 

 

January 3,

 

 

 

2026

 

 

2025

 

(In thousands)

 

 

 

 

 

 

Depreciation expense

 

$

10,135

 

 

$

12,276

 

 

Depreciation is recorded within cost of revenue and selling, general and administrative expenses and is calculated using the straight-line method over the estimated useful lives of the assets, or in the case of leasehold improvements and capitalized leases, the lesser of the remaining term of the lease or its estimated useful life.

 

The following tables present the Company’s finite-lived intangible assets, including the weighted- average useful lives for each major intangible asset category and in total:

 

 

 

January 2, 2026

 

 

 

Weighted Average Remaining Useful Life

 

 

Intangible Assets, Gross

 

 

Accumulated Amortization

 

 

Intangible Assets, Net

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Trademark

 

 

2

 

 

$

10,600

 

 

$

(7,571

)

 

$

3,029

 

Customer contracts

 

 

1

 

 

 

6,373

 

 

 

(5,311

)

 

$

1,062

 

Total

 

 

 

 

$

16,973

 

 

$

(12,882

)

 

$

4,091

 

 

 

 

January 3, 2025

 

 

 

Weighted Average Remaining Useful Life

 

 

Intangible Assets, Gross

 

 

Accumulated Amortization

 

 

Intangible Assets, Net

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Trademark

 

 

3

 

 

$

10,600

 

 

$

(6,057

)

 

$

4,543

 

Customer contracts

 

 

2

 

 

 

6,373

 

 

 

(4,249

)

 

 

2,124

 

Total

 

 

 

 

$

16,973

 

 

$

(10,306

)

 

$

6,667

 

 

Amortization of intangibles was $3 million for each of the fiscal years ended January 2, 2026 and January 3, 2025 and is recorded in selling, general and administrative expenses within the consolidated statements of operations. The Company’s estimated aggregate remaining amortization is as follows:

 

 

 

Amortization

 

 

 

Expense

 

(In thousands)

 

 

 

2026

 

$

2,577

 

2027

 

 

1,514

 

Total

 

$

4,091