Leases |
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| Leases [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases | Leases The Company leases facilities under non-cancelable operating lease agreements. The Company leases a portion of its capital equipment and vehicles, certain land and buildings for its facilities in Thailand, the Cayman Islands, the PRC, the U.S., Israel and Singapore under operating lease arrangements that expire at various dates through 2034. Certain of these lease arrangements provide the Company the ability to extend the lease term following the expiration of the current term. However, the Company has excluded all lease extension options from its right of use (“ROU”) assets and lease liabilities as the Company is not reasonably assured that it will exercise these options. None of the lease agreements contain residual value guarantees provided by the lessee. Operating leases As of March 27, 2026, the maturities of the Company’s operating lease liabilities, by fiscal year, were as follows:
(1) Includes current portion of operating lease liabilities of $1.5 million. Rental expense related to the Company’s operating leases is recognized on a straight-line basis over the lease term. Rental expense for long-term leases for the three and nine months ended March 27, 2026 was $0.5 million and $1.6 million, respectively, and for the three and nine months ended March 28, 2025 was $0.5 million and $1.4 million, respectively. Rental expense for short-term leases for the three and nine months ended March 27, 2026 and March 28, 2025 was de minimis. The following summarizes additional information related to the Company’s operating leases:
The following table presents supplemental disclosure for the unaudited condensed consolidated statements of cash flows related to operating leases for the three and nine months ended March 27, 2026 and March 28, 2025:
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