v3.25.4
Joint Ventures and Variable Interest Entities (Tables)
12 Months Ended
Jan. 02, 2026
Joint Ventures and Variable Interest Entities Disclosure [Abstract]  
Summary of Financial Information of Consolidated Joint Ventures

A summary of financial information of the consolidated joint ventures is as follows:

 

 

 

January 2,

 

 

January 3,

 

 

 

2026

 

 

2025

 

(In thousands)

 

 

 

 

 

 

Current assets

 

$

2,586

 

 

$

11,063

 

Non-current assets

 

 

 

 

 

 

Total assets

 

 

2,586

 

 

 

11,063

 

Current liabilities

 

 

32,427

 

 

 

63,512

 

Non-current liabilities

 

 

 

 

 

2,433

 

Total liabilities

 

$

32,427

 

 

$

65,945

 

 

 

 

Fiscal Year Ended

 

 

 

January 2,

 

 

January 3,

 

 

 

2026

 

 

2025

 

(In thousands)

 

 

 

 

 

 

Revenue

 

$

20,084

 

 

$

49,454

 

Summary of Financial Information of Unconsolidated Joint Ventures

A summary of financial information of the unconsolidated joint ventures, as derived from their financial statements, is as follows:

 

 

 

January 2,

 

 

January 3,

 

 

 

2026

 

 

2025

 

(In thousands)

 

 

 

 

 

 

Current assets

 

$

46,309

 

 

$

60,738

 

Non-current assets

 

 

2,166

 

 

 

9,573

 

Total assets

 

 

48,475

 

 

 

70,311

 

Current liabilities

 

 

23,288

 

 

 

28,351

 

Total liabilities

 

$

23,288

 

 

$

28,351

 

 

 

 

Fiscal Year Ended

 

 

 

January 2,

 

 

January 3,

 

 

 

2026

 

 

2025

 

(In thousands)

 

 

 

 

 

 

Revenue

 

$

62,907

 

 

$

58,249

 

Cost of revenue

 

 

62,392

 

 

 

77,003

 

Gross margin

 

 

515

 

 

 

(18,754

)

Other expense

 

 

 

 

 

2,500

 

Net income (loss)

 

$

515

 

 

$

(21,254

)

Summary of Revenue Included Related to Services Provided to Related Parties Revenue included related to services provided to unconsolidated joint venture related parties is as follows:

 

 

 

Fiscal Year Ended

 

 

 

January 2,

 

 

January 3,

 

 

 

2026

 

 

2025

 

(In thousands)

 

 

 

 

 

 

Revenue

 

$

703

 

 

$

2,625

 

Summary of Condensed Consolidated Balance Sheets Related to Services Provided to Unconsolidated Joint Ventures

Amounts included in the consolidated balance sheets related to services provided to unconsolidated joint ventures for the years ended January 2, 2026 and January 3, 2025 are as follows:

 

 

 

January 2,

 

 

January 3,

 

 

 

2026

 

 

2025

 

(In thousands)

 

 

 

 

 

 

Accounts receivable, net

 

$

1,869

 

 

$

2,098