Leases (Tables)
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12 Months Ended |
Jan. 02, 2026 |
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| Leases [Abstract] |
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| Schedule of Lease Expense |
Lease expenses recorded within the consolidated statements of operations are comprised as follows:
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Fiscal Year Ended |
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(In thousands) |
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January 2,
2026 |
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January 3,
2025 |
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Operating lease cost |
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Cost of revenue |
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$ |
8,600 |
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|
$ |
10,194 |
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Selling, general and administrative expenses |
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|
1,002 |
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|
1,105 |
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Finance lease cost (all in cost of revenue): |
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|
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Amortization of right-of-use assets |
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|
287 |
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|
287 |
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Interest on lease liabilities |
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|
101 |
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|
20 |
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Short-term lease cost |
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|
468 |
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|
464 |
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Total lease cost |
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$ |
10,458 |
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|
$ |
12,070 |
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| Schedule of Balance Sheets Information Related to Leases |
Additional consolidated balance sheets information related to leases is as follows:
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Balance Sheet |
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January 2, |
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January 3, |
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(In thousands) |
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Classification |
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2026 |
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|
2025 |
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Assets: |
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Operating lease assets |
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Lease right-of-use assets |
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$ |
15,255 |
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$ |
24,232 |
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Finance lease assets |
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Lease right-of-use assets |
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|
1,211 |
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— |
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Total lease assets |
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$ |
16,466 |
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$ |
24,232 |
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Liabilities: |
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Current: |
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Operating lease liabilities |
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Other current liabilities |
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$ |
4,372 |
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$ |
6,571 |
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Finance lease liabilities |
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Other current liabilities |
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|
337 |
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— |
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Total current lease liabilities |
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$ |
4,709 |
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$ |
6,571 |
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Non-current: |
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Operating lease liabilities |
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Lease liabilities, non-current |
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$ |
11,011 |
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$ |
15,987 |
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Finance lease liabilities |
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Lease liabilities, non-current |
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|
902 |
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— |
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Total non-current lease liabilities |
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$ |
11,913 |
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$ |
15,987 |
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| Schedule of Weighted Average Remaining Lease Term |
Weighted average remaining lease term information related to leases is as follows:
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January 2, |
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January 3, |
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2026 |
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|
2025 |
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Weighted average remaining lease term (in years): |
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Operating leases |
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4.2 |
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4.3 |
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Finance leases |
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|
2.2 |
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— |
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Weighted average discount rate: |
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Operating leases |
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7.4 |
% |
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6.9 |
% |
Finance leases |
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|
8.8 |
% |
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— |
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| Schedule of Supplemental Cash Flow Information Related to Leases |
Supplemental cash flow information related to leases is as follows:
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Fiscal Year Ended |
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January 2, |
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January 3, |
|
(In thousands) |
|
2026 |
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|
2025 |
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Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash flows from operating leases |
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$ |
6,810 |
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$ |
8,157 |
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Financing cash flows from finance leases |
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|
259 |
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|
317 |
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Right-of-use assets obtained in exchange for new operating leases |
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$ |
1,311 |
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$ |
11,862 |
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| Schedule of Remaining Lease Payments Under Operating and Finance Leases |
Total remaining lease payments under both the Company’s operating and finance leases are as follows:
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Operating |
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Finance |
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Year |
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Leases |
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Leases |
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(In thousands) |
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2026 |
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$ |
5,337 |
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$ |
434 |
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2027 |
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|
3,456 |
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|
432 |
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2028 |
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|
3,405 |
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|
541 |
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2029 |
|
|
2,648 |
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|
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— |
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2030 |
|
|
2,122 |
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— |
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Thereafter |
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|
1,095 |
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— |
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Total lease payments |
|
|
18,063 |
|
|
|
1,407 |
|
Amounts representing interest |
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|
(2,680 |
) |
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|
(168 |
) |
Total lease liabilities |
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$ |
15,383 |
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$ |
1,239 |
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